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

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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.

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 Market Analysis: 29 Jan 2024

CURRENCIES:

Overview:

• The final week of January is known for its high activity, and this year is no exception.
• The economic calendar is packed with crucial events, including decisions from the Federal Reserve and Bank of England, US nonfarm payrolls, German and Euro Area Q4 growth data, Chinese manufacturing and services PMIs, and German and Euro Area inflation data.

Tech Company Earnings:

• Alongside economic events, significant US tech companies will release their Q4 results.
• On Tuesday, Alphabet (GOOG) and Microsoft (MSFT) present their financial reports, followed by Amazon (AMZN), Apple (APPL), and Meta Platform (META) on Thursday.
• To stay updated on earnings releases, check the DailyFX Earnings Calendar.

Market Trends:

• Despite record-breaking performances in US equity markets, the upcoming earnings reports from the Big 7 tech companies may impact indices due to their substantial weight.
• Last week, Tesla (TSLA) faced a market slump of around 12% post-earnings release.
• Investors continue to adopt a risk-on approach.

Euro and US Dollar Dynamics:

• Despite the ECB maintaining unchanged monetary policy settings, the Euro faced pressure as markets anticipate potential interest rate cuts in Germany and the Euro Area due to sluggish economic growth.
• The Euro Area and German GDP data scheduled for the upcoming week will be closely observed.
• The US dollar remained in focus, with a stable performance despite slightly better-than-expected US Core PCE report and a robust advanced Q4 GDP release last week.

STOCK MARKET:

• Economic data: Dallas Fed manufacturing activity, January (-9.3 prior)
• Earnings: Cleveland Cliffs (CLF) Phillips (PHG), SoFi Technologies (SOFI), Whirlpool (WHR)
• Earnings Highlights:
• Earnings reports from major tech giants, including Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META).
• 106 S&P 500 companies, including six Dow components, set to report this week.
• Federal Reserve Meeting (Wednesday):
• Expected announcement of latest policy decision.
• Anticipation of interest rates remaining unchanged (5.25% to 5.50%).
• Investors closely watching for insights during Fed Chair Jerome Powell’s conference, particularly regarding potential future rate cuts.
• January Jobs Report (Friday):
• Economists expect a modest decrease in job additions.
• Unemployment rate projected to stay flat at 3.7%.
• Additional Highlights:
• Updates on activity in the manufacturing and services sectors.
• Latest data on job openings.
• Key earnings reports from AMD, Starbucks, Pfizer, Chevron, Exxon Mobil, and Boeing.
• Market Trends:
• Stocks ending the week near record highs.
• The S&P 500 and Nasdaq Composite up over 2% in January.
• Dow Jones Industrial Average up more than 1%.
• Federal Reserve Outlook:
• Shift in market narrative since December; investors initially priced in a March cut.
• Inflation at its lowest in nearly three years.
• Expectations for a potential future rate cut.
• Market pricing in a 47% chance of a March cut and an 88% chance of lower rates by May.
• Earnings Impact on Market Narrative:
• Excluding Tesla, the top six earnings drivers for the S&P 500 are expected to be the “Magnificent Seven” tech stocks.
• Anticipation that these tech giants will contribute to a 53.7% year-over-year earnings growth, while the remaining 494 companies may report a 10.5% earnings decline.
• Critical market direction anticipated based on stock price reactions to tech companies’ reports.

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