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:

Market Sentiment Analysis & Outlook Summary (Mar 13, 2024):

Gold Forecast:

• Retail traders show a net-short bias in gold, with more bearish than bullish positions.
• Bullish bets have decreased by 9.67% from yesterday and 12.80% from last week.
• Bearish positions slightly down by 0.31% from yesterday but up 13.15% from last week.
• Contrarian analysis suggests gold prices may rise in the near term.

Silver Forecast:

• A significant majority of traders (81.60%) are net-long on silver, indicating a bullish sentiment.
• Net-long traders have decreased by 7.08% from yesterday and 12.23% from last week.
• Net-short traders increased by 6.86% from yesterday and 21.81% from last week.
• Contrarian view hints at a potential downward price movement due to overwhelming bullish sentiment.

US Crude Oil Forecast:

• 69.87% of retail investors are net-long on US crude oil, with a bullish to bearish ratio of 2.32 to 1.
• Net-long positions have decreased by 8.58% from yesterday and 17.45% from last week.
• Net-short positions rose by 17.58% from yesterday but slightly down by 0.48% from last week.
• Contrarian perspective suggests a possible decline in oil prices soon.

S&P 500 Forecast:

• 33.09% of traders are net-short, indicating a bearish to bullish ratio of 2.02 to 1.
• Net-short positions have increased by 4.42% since yesterday but are marginally down by 0.03% from last week.
• Net-long positions are up by 2.89% from yesterday and 4.76% from last week.
• The current net-short sentiment among traders implies potential for continued upward movement in the S&P 500.

EUR/USD Forecast:

• 43.27% of traders are net-short on EUR/USD, with a bullish to bearish ratio of 1.31 to 1.
• Bullish positions decreased by 0.73% from the previous session and 19.44% from last week.
• Net-short positions are 2.10% lower than yesterday but slightly higher by 0.28% from last week.
• The prevailing net-short positioning suggests EUR/USD may face little resistance on the upside.

STOCK MARKET:

S&P 500 Achieves New Record:

Financial Indicators:

Treasury Yields:

• The 10-year yield rose by 5 basis points, reaching around 4.15%.

Gold Prices:

• Dropped more than 1%, trading near $2,162.

Economic Data Insights:

Inflation Data:

• February’s Consumer Price Index (CPI) showed a 0.4% monthly increase, aligning with expectations.
• Core CPI, excluding food and energy, rose by 0.4% monthly and 3.1% annually, surpassing estimates.

Federal Reserve and Market Sentiment:

• The CPI data is critical for the Fed’s rate decision-making, with a focus on inflation trends before considering rate cuts.
• Market participants had anticipated stock movements of 0.9% in either direction before the CPI announcement.

Cryptocurrency and Corporate News:

Bitcoin’s Rally:

• Bitcoin surged above $72,000, continuing its impressive growth with a nearly 70% increase this year.
• Predictions suggest bitcoin could reach up to $350,000 within the year.

Oracle’s Progress:

• Shares soared about 12%, buoyed by advancements in cloud computing and a partnership with Nvidia
• Closed up approximately 1.2%, setting a new record high.

Nasdaq Composite Gains:

• Increased by about 1.5%, recovering from two days of losses.
• Nvidia’s 7% gain significantly contributed to the Nasdaq’s performance.

Dow Jones Industrial Average Rises:

• Grew by roughly 0.6%.

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.

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,

To provide you with more diverse trading options, VT Markets will launch 1 new product on 18th Mar 2024.

You can now trade the world’s popular products on MetaTrader 4 and 5 with the following specifications:

The above data is for reference only, please refer to the MT4 and MT5 platforms for the updated data.

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

Sydney, Australia, March 12, 2024 – VT Markets proudly proclaims the successful conclusion of its esteemed trading festival, the King of the Hill Trading Contest, which ran from November 2023 to January 2024. Building upon the momentum of the previous edition, this latest illustrious contest not only captivated the global trading fraternity but also set new standards of excellence and international camaraderie.

The King of the Hill Trading Contest 2023-2024 marked another milestone for VT Markets, with over a thousand participants from various corners of the world showcasing their trading prowess. This diverse participation underscored the truly global reach of VT Markets, as traders from different regions converged in a spirited competition.

This edition of the contest saw several millions of dollars being traded across the 3 months, demonstrating the scale and significance of the event within the trading community. While the focus remained on the thrill of competition and the pursuit of excellence, the contest also served as a platform for traders to engage, learn, and grow their skills.

Reflecting on the success of the contest, a spokesperson from VT Markets expressed gratitude towards the vibrant community of traders who contributed to its success. “The King of the Hill Trading Contest continues to surpass expectations, thanks to the passion and dedication of our participants,” said the spokesperson. “We are thrilled to see traders from around the world come together to compete and showcase their abilities. This event truly embodies the spirit of innovation and excellence that makes VT Markets special.”

One winner from Spain, wanting to be known as Lopez said, “Participating in the King of the Hill Trading Contest has been a transformative journey. It’s not just about profits; it’s about the camaraderie, the learning, and the sheer exhilaration of pushing one’s personal growth targets. VT Markets has truly crafted a platform that inspires greatness.”

As the competition concludes and the VT Markets team presents prizes to the winners of the King of the Hill Trading Contest, look ahead with excitement to future opportunities and initiatives. Traders are encouraged to stay tuned for upcoming campaigns and events that promise to deliver excitement and rewards.

For all the latest news and updates from VT Markets, please visit our official website and stay connected with us on social media. Thank you to all participants, supporters, and partners who made the King of the Hill Trading Contest a remarkable success.

About VT Markets:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. To date, it has won numerous international accolades including Best Customer Service and Fastest Growing Broker.

In line with its mission to make trading accessible to all, VT Markets currently offers unfettered access to over 1,000 financial instruments and a seamless trading experience via its award-winning mobile app.

For more information, please visit the official VT Markets website or email us at info@vtmarkets.com. Alternatively, follow VT Markets on Facebook, Instagram, or LinkedIn.

 For media enquiries and sponsorship opportunities, please email media@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.

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:

US Inflation Preview: Impact on Gold, USD, and Stocks

Event Highlight: The U.S. Bureau of Labor Statistics to release February’s CPI data on March 12, 2024, crucial for investors and the Federal Reserve’s monetary policy.

Headline CPI Forecast: Expected increase of 0.4% for February, driven by higher energy costs, maintaining the annual rate at 3.1%.

Core CPI Forecast: Anticipated to rise by 0.3% month-over-month, with the year-over-year rate potentially decreasing to 3.7% from 3.9%.

Market Volatility: Deviations from market expectations could cause significant asset price movements.

Upside Surprise: Higher-than-expected CPI may indicate persistent inflation, potentially leading to upward adjustments in the Fed’s PCE forecast and fewer rate cuts. This could result in higher bond yields and USD, pressuring gold prices and stocks.

Downside Surprise: Lower-than-forecast CPI might confirm disinflation progress, supporting expectations for multiple rate cuts in 2024. This scenario could decrease yields and the USD, benefiting gold prices and risk assets.

STOCK MARKET:

Market Summary:

Key Data Point: February’s CPI report, crucial for the Federal Reserve’s next interest rate decision, will be closely watched by investors on Tuesday.

Headline Inflation Expectation: Forecasted to be 3.1%, aligning with January’s annual price increase, signaling potential interest rate cuts by the Fed later this year.

Monthly Increase: Consumer prices expected to rise by 0.4%, slightly up from January’s 0.3% increase, mainly driven by higher energy and gasoline prices.

Core Inflation Slowdown: February’s core inflation (excluding food and gas) anticipated to rise by 3.7% year-over-year, down from January’s 3.9%, with a monthly increase expected at 0.3%.

Shelter and Core Services Costs: Despite the expected deceleration in shelter costs, core inflation remains high due to persistent costs in shelter, insurance, and medical care.

OER Inflation: Bank of America predicts a narrowing gap between rent inflation and owners’ equivalent rent (OER) due to an expected slowdown in OER inflation, contrasting with last month’s acceleration.

Fed’s Rate Decision Outlook: Market anticipates the Fed to keep rates unchanged next week, with a significant expectation of rate cuts starting in June, influenced by core CPI outcomes.

Start your CFD Shares Trading journey with VT Markets now!