Dear Client,

New contracts will automatically be rolled over as follows:

Please note:

• The rollover will be automatic, and any existing open positions will remain open.

• Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new contracts.

• To avoid CFD rollovers, clients can choose to close any open CFD positions prior to the expiration date.

• Please ensure that all take-profit and stop-loss settings are adjusted before the rollover occurs.

• All internal transfers for accounts under the same name will be prohibited during the first and last 30 minutes of the trading hours on the rollover dates.

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

Daily Forex Analysis: 2 Jan 2024

CURRENCIES:

Key Points:

• U.S. nonfarm payrolls report is the focal point for Friday.
• Weak jobs report expected to be positive for gold prices; strong data could negatively affect gold.
• The article analyzes the short-term technical outlook for gold.
• Federal Reserve maintains policy settings but abandons tightening bias.
• Rate cut possibility in March remains uncertain, depending on incoming data.
• January U.S. employment report of high significance with expectations of 180,000 added workers.
• Lackluster nonfarm payrolls could bring back March rate cut talks, benefiting gold.
• Strong NFP figures could reduce dovish sentiments on Fed’s policy, leading to potential pressure on gold in February.

STOCK MARKET:

• Market Recovery: Stocks experienced a rebound on Thursday, recovering from the previous day’s significant losses, in anticipation of major tech companies’ earnings reports.
• S&P 500, Dow Jones, and Nasdaq Performance: The S&P 500 increased by 1.2%, the Dow Jones Industrial Average by nearly 1%, and the Nasdaq Composite led the gains with a 1.3% rise.
• Federal Reserve’s Influence: The Federal Reserve’s potential rate changes were a central focus, with Fed Chair Jerome Powell indicating a less likely rate cut in the March meeting, against earlier investor expectations.
• Tech Giants’ Earnings Spotlight: Post-market earnings announcements from Apple, Amazon, and Meta (part of the “Magnificent Seven”) significantly influenced market sentiments.
• Meta’s Surge: Meta’s shares surged over 12% after it exceeded earnings expectations, announced a $50 billion share buyback, and declared a $0.50 cash dividend.
• Amazon’s Positive Outcome: Amazon’s stock also saw gains, rising more than 4% after reporting better-than-expected fourth-quarter earnings and providing an optimistic future outlook.
• Apple’s Mixed Results: Apple’s revenue beat expectations, but concerns about slowing sales growth in China affected its stock performance ahead of the earnings call.
• Contrast with Earlier Tech Earnings: This positive shift contrasted with disappointing earnings from Microsoft and Alphabet earlier in the week, which had negatively impacted their stock prices.
• Upcoming Economic Data: Investors are also looking forward to January’s job market data, with the nonfarm payrolls report due on Friday.

Get expert analysis on gold and stock trends post-NFP report and tech earnings. Start trading 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,

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,

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.

Forex Daily Update: 31 Jan 2024

CURRENCIES:

• Key Points:
  • The consensus suggests no alteration in interest rates.
  • However, the Federal Open Market Committee (FOMC) may modify its guidance, particularly in response to developments in inflation.
  • Traders should brace for increased volatility in the foreign exchange (FX) markets, as any shift in the Fed’s stance could trigger substantial market swings.
  • For a detailed preview of this event, readers can refer to the provided link for comprehensive insights.
  • Major currency pairs, including EUR/USD, GBP/USD, USD/JPY, and USD/CAD, are scrutinized.
  • The emphasis is on identifying crucial price thresholds that might function as either support or resistance in the forthcoming trading sessions.
  • Traders are advised to pay close attention to these technical indicators to navigate potential market movements effectively.

STOCK MARKET:

• Key Points:
  • Market Movements:
    • Nasdaq Composite (^IXIC) experienced a decline of about 0.8%.
    • Dow Jones Industrial Average (^DJI) rose by 0.4%.
    • S&P 500 (^GSPC) traded flat.
    • The benchmark index failed to secure another record closing high.
  • Big Tech Earnings:
    • Microsoft (MSFT) reported after-the-bell earnings beating both top and bottom-line expectations.
    • Microsoft’s shares fluctuated in after-hours trading; guidance is expected during the earnings call.
    • Alphabet (GOOGL, GOOG) saw shares drop approximately 5%, with fourth-quarter ad revenue missing expectations.
    • AMD (AMD) reported fourth-quarter revenue in line with analyst expectations, with a 2% drop in after-hours trading.
    • Apple (AAPL), Amazon (AMZN), and Meta (META) among the “Magnificent Seven” tech mega-caps set to announce results on Thursday.
  • Other Market Developments:
    • General Motors (GM) surpassed expectations for sales and revenue in the fourth quarter.
    • GM shares closed up nearly 8%.
    • Investors await the Federal Reserve’s interest rate decision at the end of its two-day meeting, with debate on potential cuts in March or May.
• Market Indices:
  • MSFT: -0.28%
  • ^GSPC: -0.06%
  • ^DJI: +0.35%
  • ^IXIC: -0.76%

Stay ahead in the markets with VT Markets, start trading with our MT4 / MT5 platforms.

Forex Daily Analysis: 30 Jan 2024

CURRENCIES:

• Event Overview: Fed’s First Monetary Policy Decision of 2024
  • Announcement Date: Wednesday, Jan 31, 2024
• Potential Market Impact
  • Increased Volatility Expected for Gold Prices, U.S. Dollar, and Stocks
  • Traders Advised to Prepare for Heightened Volatility and Unpredictable Price Movements
• FOMC Expectations
  • FOMC Anticipated to Maintain Key Interest Rate in 5.25% to 5.50% Range
  • Possibility of Dropping Language Indicating Likelihood of Additional Policy Firming
  • Potential Shift Toward a More Dovish Stance
• Policy Considerations
  • Strong U.S. Economy Supports a Tightening Bias
  • Dovish Posture Might Emerge to Address Labor Market Concerns
  • Early Action Seen as Risk Mitigation to Avoid Extreme Accommodative Measures Later
• Potential Outcomes and Market Responses
  • Possibility of First-Rate Cut Teased for March Meeting
    • Result: Broad-Based Drop in U.S. Treasury Yields, Bullish for Stocks and Gold, Bearish for U.S. Dollar
  • Hawkish FOMC Stance, Pushing Back Against Rate Cut Expectations
    • Result: Sharp Rise in Nominal Yields and U.S. Dollar, Hostile for Equity Market and Precious Metals in Near Term
• Market Insights and Preparations
  • Expect Attractive Trading Opportunities, But Caution Advised Due to Potential Volatility
  • Monitoring FOMC’s Language Changes Crucial for Anticipating Market Reactions
  • Traders Encouraged to Stay Informed and Navigate Complex Market Conditions

Click here to learn more about VT Markets Forex Commodities.

STOCK MARKET:

• Big Tech Dominance
  • Recent data from FactSet emphasizes continued significance of Big Tech in market dynamics.
  • Market strategists anticipate Big Tech to drive Q4 earnings growth for the S&P 500, countering calls for market rally broadening.
• Earnings Expectations
  • Apple, Alphabet, Microsoft, Amazon, Meta, and Nvidia projected to contribute a combined 53.7% earnings growth in Q4.
  • In contrast, expectations for the remaining 494 S&P 500 companies suggest a 10.5% decline.
  • Companies such as Apple, Alphabet, Microsoft, Amazon, and Meta scheduled to report Q4 results this week.
• Overall Market Direction
  • Following Tesla’s Q4 disappointment, Evercore ISI’s Julian Emanuel deems stock price reactions to Big Tech earnings as “critical for overall market direction.”
• Massive Expectations for Some
  • Notable earnings projections include Nvidia’s expected 400% YoY growth and Meta’s anticipated 175% YoY growth in EPS.
• Continued Growth Anticipation
  • FactSet’s second chart predicts nearly 80% earnings growth in Q1 2024 for Amazon, Alphabet, Meta, and Nvidia.
  • The remaining 496 companies, including Apple, Microsoft, and Tesla, forecasted to grow earnings by a combined 0.3%.
• Market Valuation
  • Massive earnings expectations contribute to the S&P 500’s all-time highs, potentially justifying its valuation.
  • Increased technology weight in the index is seen as a factor supporting overall growth.
• Tech’s Role in Recent Market Rally
  • Analysis by Yahoo Finance’s Jared Blikre indicates that, excluding Tesla, tech companies drove nearly 90% of the market’s growth during the January rally.
• Beyond Quarterly Numbers: Key Market Narratives
  • Tech earnings updates extend beyond financial figures.
  • Focus on narratives during earnings calls, including:
    • Artificial intelligence advancements at Meta and Nvidia.
    • Scrutiny on Microsoft and Amazon’s cloud revenues.
    • Apple’s products business reflecting hardware demand and consumer spending.
• Market Significance of Tech Earnings
  • Tech earnings viewed as crucial indicators not only for performance expectations but also potential warnings of economic slowdowns if results fall short of estimates.

Dive into market dynamics with VT Markets. Read more about the Forex Leverage we offer for Forex Trading here.