Dear Client,

Starting from April 12, 2024, the trading hours of some MT4/MT5 products will change due to the Daylight Saving Time change in the EU/UK.

Please refer to the table below outlining the affected instruments:

The above information is provided for reference only; please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

CURRENCIES:

Upcoming Market Highlights: Focus on Gold, US Dollar, Euro, Pound Sterling.

Key Events This Week: US CPI data, central bank decisions in Canada, New Zealand, and the EU, and FOMC March meeting minutes.

Actionable Insights: Access the guide for top trading opportunities in Q2.

US Dollar Analysis: Awaiting CPI data, recent NFP surge had temporary effect.

Gold’s Value: Influenced by Middle East tensions, balancing strong US yields and safe haven demand.

Market Dynamics: Potential shift in treasury pricing, impacting gold’s attractiveness.

Geopolitical Impact: Eastern Europe and Middle East tensions boost gold’s safe haven appeal, yet market could stabilize without further conflicts.

Inflation Watch: Focus on the March Consumer Price Index release for potential trend insights.

STOCK MARKET:

Q1 Earnings Season: Begins with reports from Delta, JPMorgan, Wells Fargo, BlackRock, and Citi.

Stock Market Overview: Recent losses influenced by Middle East tensions, oil price spikes, and Federal Reserve rate cut speculations.

Federal Reserve Outlook: Discussions lean towards fewer rate cuts or maintaining current rates.

Labor Market Analysis: Resilience may impact Federal Reserve’s rate decisions, with wage growth not necessarily driving inflation.

Sector-Specific Earnings: Attention on whether earnings growth extends beyond the technology sector, indicating a broader market rally.

Financial Forecasts: Wall Street anticipates S&P 500 companies to show a 3.2% growth in Q1 and a 10.9% increase for the full year.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

As we approach the second week of April 2024, financial markets and policymakers around the globe are bracing for a series of critical economic reports and central bank decisions. These events are expected to offer valuable insights into the ongoing economic recovery efforts, inflationary pressures, and future monetary policy directions. Here’s a day-by-day breakdown of what to anticipate:

Reserve Bank of New Zealand holds firm

On 10 April 2024, the Reserve Bank of New Zealand (RBNZ) made headlines by maintaining its official cash rate (OCR) at 5.5% during its first policy meeting of the year. This decision marked the fifth consecutive meeting without a change in the rate, signalling a cautious stance by the RBNZ amidst economic uncertainties. Analysts are already looking ahead, predicting the OCR to remain at 5.5% following the upcoming meeting, reflecting a steady approach to monetary policy.

U.S. inflation trends upward

In a surprising turn, the annual inflation rate in the United States nudged up to 3.2% in February 2024 from 3.1% in January. This incremental rise, though slight, has caught the attention of market watchers who now forecast a further increase to 3.4% for March. The data, expected to be released on 10 April 2024, will be pivotal for future Federal Reserve decisions.

Bank of Canada’s rate decision

The Bank of Canada, on its part, held its overnight rate target steady at 5% during its March meeting. The bank’s commitment to normalising its balance sheet, despite inflationary concerns, suggests a cautious optimism. Analysts anticipate this trend to continue, with expectations set for the interest rate to remain at 5% in the Bank of Canada’s next meeting.

Federal Reserve and ECB stance

Minutes from the Federal Reserve’s meeting, expected on 11 April 2024, will be closely scrutinised. With the fed funds rate holding steady at a 23-year peak of 5.25%-5.5%, the Federal Reserve’s projections for future rate cuts will be of significant interest. Similarly, the European Central Bank (ECB), which has kept interest rates at historically high levels, faces its own set of challenges balancing recession risks with inflation. Analysts foresee the ECB maintaining its current interest rate levels at 4.5% in its forthcoming meeting.

Upcoming economic data

Additionally, the release of the U.S. Producer Price Index (PPI) on 11 April will offer insights into wholesale price movements, having risen by 0.6% in February. Expectations for March are set at a more modest 0.3% increase. The UK’s GDP data, expected on 12 April, will also be pivotal. After a modest expansion of 0.2% in January, forecasts for February suggest a slight increase of 0.1%, indicating a cautious yet positive economic trajectory.

In summary, the coming week promises a wealth of information for economists, investors, and policymakers alike. With each announcement, the global economic picture for 2024 will become clearer, highlighting the delicate balance central banks are striking between fostering economic growth and managing inflationary pressures.

CURRENCIES:

EUR/USD and Oil Breakout Potential: Awaiting a breakout above Fibonacci resistance levels for bullish trend continuation.

Popular Strategy: Breakout trading aims to capitalize on significant price movements beyond established price boundaries.

Breakout Significance: Indicates strong buying or selling activity, hinting at a market sentiment shift and potential new or continuing trends.

Breakout Trading Essentials:

• Initiate trades post-breakout to leverage momentum.
• Place orders beyond support/resistance levels for confirmation.
• Employ stop-loss to minimize risks from false breakouts.
• Set profit targets based on technical analysis projections.

Key Breakout Observations:

• Typically accompanied by increased trading volume.
• Risk management is crucial due to the possibility of false breakouts.
• Can signify the beginning of a new trend or continuation of an ongoing one.

Current Focus: Monitoring EUR/USD and oil (WTI futures) for potential breakout opportunities.

STOCK MARKET:

March Jobs Report Overview:

• Expected to reveal a slowdown in hiring.

• Anticipated decrease in unemployment rate to 3.8%.

Publication Details:

• Reported by Josh Schafer on April 4, 2024, at 10:50 PM GMT+3.

Market Context:

• Follows two months of strong job gains, surprising Wall Street.

• Bureau of Labor Statistics to release the report at 8:30 a.m. ET, Friday.

Key Figures:

• Nonfarm payrolls anticipated at +213,000 (down from +275,000 previously).

• Unemployment rate projected to drop to 3.8% (from 3.9%).

• Monthly average hourly earnings increase expected at +0.3% (up from +0.1%).

• Annual average hourly earnings growth forecast at +4.1% (down from +4.3%).

• Average weekly hours worked predicted to remain steady at 34.3.

Economic Implications:

• The report is crucial for gauging labor market strength and potential Federal Reserve policy shifts.

• Jerome Powell highlighted the labor market’s robust yet rebalancing nature.

Recent Labor Market Data:

• Job Openings and Labor Turnover Survey (JOLTS) and ADP report indicate a resilient labor market.
• Slight increase in job openings and hires observed in February.

Wage Growth Focus:

• Economists are closely monitoring wage growth as an indicator of potential inflation trends.
• March’s expected slowdown in wage growth aligns with a cooling but stable labor market.
• Investor Sentiment and Federal Reserve Outlook:

Market anticipates continued Federal Reserve rate cuts, influenced by employment and wage growth data.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

CURRENCIES:

Euro Gains on US Data: Weaker US economic activities bolster the Euro’s position.

Inflation and ECB Rate Cut: Lower inflation in the eurozone signals a potential ECB rate cut in June.

EUR/USD Movement: Euro rises against the US dollar following dovish remarks from the Fed and weaker US data.

EUR/CHF Progress: Euro reaches a significant resistance level against the Swiss franc.

Looking Ahead:

Eurozone Inflation and Rate Cut Expectations: Decrease in March’s year-on-year inflation to 2.4% prompts anticipation of ECB’s rate cut in June.

ECB and Economic Data: Upcoming ECB meeting and economic data releases, including services PMI and March meeting minutes.

Fed’s Outlook: Observations from Fed speakers on market conditions may influence interest rate decisions.

EUR/USD Analysis:

Market Dynamics: Service sector PMI drop helps Euro, but US employment trends hint at potential Fed rate cut.

Trading Insights: EUR/USD recovers, trading above the 200-day SMA, but faces potential resistance near the 1.0950 mark.

Event Risk: Upcoming Non-Farm Payroll (NFP) data could impact currency movements.

STOCK MARKET:

Rate Cut Optimism: Markets react positively to Fed Chair Jerome Powell’s hints at possible rate cuts.

Stock and Bond Movements:

Stocks ascend, with the S&P 500 up by 0.11%.

Treasury yields decline from recent four-month peaks.

Market Drivers:

Powell’s reassurance on interest rate cuts boosts stocks and lowers Treasury yields.

European Stoxx 600 index gains 0.2%; Nasdaq 100 futures up by nearly 0.5%.

Interest Rate and Economic Outlook:

Powell’s stance on inflation influences Treasury yields and the dollar index.

Market anticipates Fed’s interest rate cuts, despite strong recent economic data.

Market Sentiment and Predictions:

Some caution remains with upcoming US payroll data.

Swap markets show uncertainty about the extent and timing of Fed rate cuts.

Global Perspective:

Euro-area bond yields drop, expecting ECB to start easing in June and further cuts by year-end.

Commodity Price Trends:

Brent oil and copper prices surge, indicating strong commodity market.

Gold price nears record highs, reflecting inflation concerns.

Sector-Specific News:

Semiconductor stocks like Micron Technology and AMD gain amid earthquake impact assessments in Taiwan.

TSMC reports no critical damage from the quake, signaling stability in semiconductor supply.

Start your CFD Shares Trading journey with VT Markets now!

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.