Monthly Archives: May 2024
US inflation report: Impact on the dollar
Written on May 14, 2024 at 9:39 am, by anakin
Key Points: The upcoming US inflation report is expected to play a key role in shaping the value of the USD and guiding perceptions of next moves by the Federal Reserve. Over the past months, the dollar has enjoyed a rally, driven primarily by a shift in expectations towards a less accommodative monetary policy byContinue Reading
MARKETS TODAY: Gold rally slowing down, Cable sees upswing
Written on May 14, 2024 at 9:26 am, by anakin
Key points On Monday, gold prices failed to sustain an upward movement beyond the $2,375 mark, resulting in a decline below $2,350. This movement suggests a possible test of lower support levels, primarily around $2,280, which aligns with the 50-day simple moving average and recent lows. Should this support level fail, the next target forContinue Reading
Copper prices surge to a 2-year high on mixed global demand
Written on May 14, 2024 at 8:57 am, by anakin
Key points Copper prices reached their highest point since April 2022 on Tuesday, propelled by significant fund inflows into the base metals sector, despite diminished demand from China. Picture: Copper prices poised for further gains. Download the VT Markets app. Copper hits near 2022 peak on London Metal Exchange On the London Metal Exchange (LME),Continue Reading
Modifications on All Shares – May 14, 2024
Written on May 14, 2024 at 8:27 am, by anakin
Dear Client, To provide a favorable trading environment to our clients, VT Markets will modify the trading setting of all Shares on May 20th, 2024: 1. All Shares products leverage will be adjusted to 33:1. 2. 20 Pre-market US Shares on MT5: Leverage will be 5:1 during 14:00-16:30 and 22:45-23:00; and remain 33:1 during theContinue Reading
Why scalping may be a viable trading strategy for you this year
Written on May 14, 2024 at 7:27 am, by anakin
Imagine this: You’re seated before a bank of screens, each flickering with real-time market data. Your hands poised above the keyboard, ready to make your move. This is the world of scalping in trading—a fast-paced, high-stress arena where fortunes can be made in the blink of an eye. Scalping isn’t just a trading strategy; it’sContinue Reading
Dollar drifts as traders await US inflation data; yen weakens
Written on May 14, 2024 at 5:49 am, by anakin
Key points: The dollar held its ground on Tuesday, as the market’s attention turns to an inflation report that could dictate the course of U.S. interest rates. Meanwhile, the yen stayed close to a two-week low, igniting fears of potential governmental intervention. Federal Reserve response to labour data in May 2024 This calm in theContinue Reading
Calm in currency markets before US inflation test
Written on May 13, 2024 at 10:03 am, by anakin
Key points: The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to be released this week. The data is expected to play a significant role in the Federal Reserve’s decision-making about potential rate cuts in 2024. Recent employment figures, which came in below expectations, along withContinue Reading
Hong Kong stocks surge pending corporate performance and policy support
Written on May 13, 2024 at 9:46 am, by anakin
Key Points: Hong Kong stocks enjoyed their third consecutive session of gains on Monday, buoyed by investor optimism for forthcoming corporate earnings and potential governmental policy support. This optimism comes in the wake of new data revealing sluggish demand across China. Hang Seng sees strong upward market movement The Hang Seng Index increased by 151.38Continue Reading
Asian markets await US inflation and China data
Written on May 13, 2024 at 8:45 am, by anakin
Key points: The US consumer price index (CPI) will be closely monitored this week, as it could influence the Federal Reserve’s decision on a potential rate cut in September. Market participants are particularly sensitive to changes in core CPI, which is expected to rise by 0.3% for the month of April. A figure lower thanContinue Reading
Dividend Adjustment Notice – May 13, 2024
Written on May 13, 2024 at 8:25 am, by anakin
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 moreContinue Reading