In the week ahead, market participants will be closely monitoring several vital economic events, including interest rate decisions by major central banks and the release of US Producer Price Index (PPI) and Consumer Price Index (CPI) data.

Market watchers and financial experts are expected to pay close attention to these releases, eager to understand their potential impact on financial markets and the global economy as a whole.

US Consumer Price Index (13 June 2023)

US CPI rose 0.4% month-over-month in April 2023, higher than the 0.1% increase seen in March.

Analysts anticipate a 0.3% rise for May data, scheduled for release on 13 June 2023.

US Producer Price Index (14 June 2023)

Producer prices for final demand in the US increased 0.2% month-over-month in April 2023, following a downwardly revised 0.4% drop in March.

For May 2023 data, set to be released on 14 June 2023, analysts expect a 0.1% increase.

US FOMC Meeting Minutes (14 June 2023)

During its May meeting, the Fed increased the Fed funds rate by 25bps, reaching a range of 5%-5.25%. This marks the 10th hike, setting borrowing costs at their highest since September 2007.

For the upcoming meeting on 14 June 2023, analysts forecast that the Fed will hold the rate steady at 5.25%.

Australia Employment Change (15 June 2023)

In April 2023, Australia’s employment saw an unanticipated drop of 4,300, bringing the total to 13.88 million. The unemployment rate increased unexpectedly to 3.7%.

Data for May 2023 is scheduled for release on 15 June 2023, and analysts predict a 20,000 rise in employment with the unemployment rate staying at 3.7%.

European Central Bank Main Refinancing Rate (15 June 2023)

During its May meeting, the ECB raised its key interest rates by 25 bps to 3.75%, signalling a slower pace of policy tightening. In a press conference, President Lagarde mentioned that the ECB still had progress to make and did not intend to halt the cycle of rate increases soon.

Analysts anticipate that for June, the central will increase its interest rates by 25 bps to 4.0%.

US Retail Sales (15 June 2023)

Retail sales in the US increased 0.4% month-on-month in April 2023, rebounding from two consecutive months of declines.

For May 2023 data, which will be released on 15 June, analysts expect a 0.5% increase.

BOJ Rate Statement (16 June 2023)

In April, the Bank of Japan unanimously voted to maintain its key short-term interest rate at -0.1% and 10-year bond yields at around 0%. They also altered guidance on their policy rate by removing references to guarding against risks from the COVID pandemic and maintaining interest rates at “current or lower levels.”

Analysts predict that for June, the rate will remain unchanged.

Dear Client,

As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend.

Maintenance Hours :
10th of June 2023 (Saturday) 02:00 – 11:00 (GMT+3)

Please note that the following aspects might be affected during the maintenance:

1. The price quote feature on the Client Portal will be temporarily unavailable. You will not be able to open new positions or close existing positions.

2. There might be a gap between the original price and the price after maintenance. The gaps between Pending Orders, Stop Loss and Take Profit will be filled at the market price once the maintenance is completed.

3. Please refer to MT4/MT5 for the latest update on the completion and market opening time. Our services will be back online once the maintenance is completed.

Thank you for your patience and understanding about this important initiative.

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 following instruments’ trading hours will be affected by the upcoming holidays.

Note: The dash sign (-) indicates normal trading hours.

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.

In the week ahead, market participants will turn their attention to key economic events including the US ISM Services PMI, as well as rate statements from the Reserve Bank of Australia (RBA) and the Bank of Canada (BOC). As analysts make their predictions, all eyes will be on these releases to understand their potential impact on financial markets

Switzerland’s Consumer Price Index (5 June 2023)

Consumer prices in Switzerland stalled in April 2023, showing less growth than the 0.2% rise observed in March 2023.

For May 2023 data, which is set to be released on 5 June 2023, analysts expect a 0.1% increase.

US ISM Services PMI (5 June 2023)

The US ISM Services PMI increased to 51.9 in April 2023 from 51.2 in March 2023.

Data for May 2023 is scheduled for release on 5 June 2023, with analysts anticipating a higher figure of 52.1.

Reserve Bank of Australia Rate Statement (6 June 2023)

In a surprising move, the Reserve Bank of Australia raised its cash rate by 25bps to 3.85% in May 2023, after keeping it at 3.6% in April 2023. This marks the 11th time the bank has increased rates in the past year.

The next cash rate will be released on 6 June 2023, with analysts expecting the RBA to hold its interest rate at 3.85%.

Bank of Canada Rate Statement (7 June 2023)

In its April 2023 meeting, the Bank of Canada (BOC) kept the target for its overnight rate unchanged at 4.5% and stated that it would continue to monitor the latest economic data for future decisions on the policy rate.

The next rate statement will be released on 7 June 2023. Analysts anticipate that the BOC will keep its interest rate steady at 4.5%.

Canada Employment Change (9 June 2023)

Canada’s economy added 41,400 jobs in April 2023 due to increased part-time work, the first growth since October 2022. The unemployment rate stayed at 5% for the fifth month, near the record-low of 4.9%.

For May 2023 data, set to be released on 9 June 2023, analysts predict that job creation will dip to 40,000 and the unemployment rate will rise to 5.1%.

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 a favorable trading environment to our clients, VT Markets will modify the trading setting of TRY Crosses products on June 05, 2023; Please find the table below for more information about this modification:

1. The TRY Crosses product’s leverage will be modified from 5 : 1 to 20 : 1

2. These products will have fully tradable access starting from June 5, 2023

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

Friendly reminders:

1. The margin level of the positions may be affected by this adjustment; All specifications of the TRY Crosses products stay the same except for the mentioned adjustment.

2. You can continue to hold the positions during this adjustment period.

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

Sydney, Australia, 29 May 2023 – VT Markets, a leading online broker, today announced a record number of new trading accounts secured within the LATAM region. Following its formal entry into Latin America last year, the company has seen a rapid growth in regional clients, reflecting both the LATAM market’s burgeoning potential and the success of ongoing outreach efforts.

Of these efforts, a notable highlight has been VT Market’s recent participation at Money Expo Mexico 2023. Held from 24–25 May 2023, the much-anticipated event saw VT Markets gain thousands of new account sign-ups, consolidating its growing influence both in and around the country.

Responding to the promising trajectory evident thus far, a VT Markets representative stated: “We are delighted to be making such clear inroads into one of our key strategic markets. With the numerous developments taking place in the region, Latin America is uniquely poised for explosive growth, and we want to be at the forefront of the new financial landscape when it emerges.”

Moving forward, VT Markets looks set to continue its expansion throughout LATAM and beyond. With offices already established across Europe, Asia, and the Middle East, the company’s initiatives in the upcoming quarter are expected to amplify its international presence, further reinforcing its status as a truly global broker.

About the Company:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. Since its inception in 2015, the company has set out to make trading a simple and more accessible experience for everyone. As of today, VT Markets has emerged as one of the world’s top brokers, recently adding a haul of seven awards to its growing list of accolades.

For more information, please visit the official VT Markets website. Alternatively, follow VT Markets on Meta, Instagram, or LinkedIn.

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.

This week’s key economic indicators, including the US Jobs Report and Canada’s Gross Domestic Product, are in the spotlight for the financial sector. These fundamental reports are crucial for traders to navigate the markets and make informed decisions. Stay tuned for the latest updates.

Australia Consumer Price Index (31 May 2023)

The monthly Consumer Price Index in Australia increased 6.3% in the year to March 2023, slowing from a 6.8% rise in the year to February 2023.

The data for April 2023 will be released on 31 May, with analysts expecting a further slowdown, dropping to 6%.

Canada Gross Domestic Product (31 May 2023)

The Canadian economic activity in February edged up by 0.1%, following a 0.6% expansion in January.

For March 2023 data, set to be released on 31 May, analysts expect a 0.1% decline.

US JOLTS Job Openings (31 May 2023)

The number of job openings in the US dropped by 384,000 to 9.6 million in March 2023, the lowest level since April 2021.

Data for April 2023 will be released on 31 May, with analysts expecting another drop to 9.2 million.

US ADP Non-Farm Employment Change (1 June 2023)

Private businesses in the US created 296,000 jobs in April 2023, a significant increase compared to the downwardly revised figure of 142,000 in March 2023.

May 2023 data will be released on 1 June, with analysts anticipating a job creation figure of around 200,000.

US ISM Manufacturing PMI (1 June 2023)

The ISM Manufacturing PMI in the US rose to 47.1 in April 2023, up from a three-year low of 46.3 in the previous month.

Analysts predict that the index for May 2023, scheduled for release on 1 June, will be at 48.

US Jobs Report (2 June 2023)

The US Non-Farm Employment Change unexpectedly increased by 253,000 jobs in April 2023, outperforming the expected 180,000 and coming after a downwardly revised 165,000 in March. Concurrently, the unemployment rate in April 2023 dropped to 3.4%, matching a 50-year low previously seen in January.

For May 2023 data, scheduled for release on 2 June, analysts anticipate that Non-Farm Employment will see an addition of 180,000 jobs, with the unemployment rate projected at 3.5%.