Major central banks are setting the stage for global markets this week, as key economies such as Japan and Australia will announce changes to their benchmark interest rates. The markets will also closely observe the US and Canada Employment Change. Monitoring these key metrics worldwide can help traders make better trading decisions.

Here are key events to watch out for:

Consumer Price Index (CPI) | Switzerland (March 6)

In January 2023, the CPI in Switzerland rose by 0.6% from the previous month. The figure for February is projected to be 0.4%.

Reserve Bank of Australia (RBA) Rate Statement | Australia (March 7)

The RBA increased the cash rate by 25bps to 3.35% in February, the ninth increase since May 2022. 

Analysts expect the RBA to raise interest rates by another 25bps to 3.6%. 

ADP Non-Farm Employment Change | US (March 8)

US private businesses generated 106,000 jobs in January 2023, substantially lower than the 253,000 jobs created in December 2022. 

Analysts anticipate the US to add 168,000 jobs for February.

Bank of Canada (BOC) Rate Statement | Canada (March 8)

In its first meeting of 2023, the BOC increased its overnight rate by 25bps to 4.5% and suggested that it would conclude its aggressive tightening cycle if economic developments conformed to the central bank’s outlook. 

For this month, analysts project that the BOC will keep the rates unchanged.

Bank of Japan (BOJ) Rate Statement | Japan (March 10)

During its January meeting, the BOJ unanimously decided to retain its key short-term interest rate at -0.1%, and maintain the 10-year bond yields at approximately 0%. 

For this month, analysts predict that the BOJ will keep the rates unchanged.

Gross Domestic Product (MoM) | UK (March 10)

For the first time in three months, the British economy shrank 0.5% month-on-month in December 2022.

Analysts predict the UK GDP to be 0.0% in January 2023.

Employment Change | US and Canada (March 10)

In January 2023, the US economy added an unexpected 517,000 jobs, marking the most jobs created since July 2022, while the unemployment rate fell to 3.4%, the lowest since May 1969. During the same period, Canada added 150,000 jobs, the highest since February last year, and maintained an unemployment rate of 5%. 

For February 2023, analysts anticipate the US to add 200,000 jobs, resulting in an unemployment rate of 3.6%. In Canada, employment is expected to increase by 20,000, with an unemployment rate of 5.2%.

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:

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

Dear Client,

The new futures rollover dates are listed in the table below.

Please note:

• The rollover will be done automatically. All existing 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, you 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.

Please contact our customer service team at info@vtmarkets.com if you have any questions.

This week, the markets will be watching closely as two of the most influential economic indicators – US ISM Manufacturing and Services PMI figures – are released. With these reports being used to measure the overall health of the US economy, the results could have a dramatic effect on financial markets worldwide. This makes them an essential area for market participants to keep tabs on.

Here are key events to watch out for:

Gross Domestic Product | Canada (28 February)

The Canadian economy continued its upward trend in Q3 2022, growing by 0.7%, marking the fifth consecutive quarter of growth. 

Analysts predict that the economy will continue to grow and expand by 0.4% in Q4 2022.

CB Consumer Confidence (28 February)

The Consumer Confidence Index fell from 109 in December to 107.1 in January 2023, according to the Conference Board. 

However, analysts anticipate a possible recovery in the index, with a projected increase to 109 in February.

Consumer Price Index (CPI) | Australia (1 March)

The Consumer Price Index in Australia increased to a new high of 8.4% in December 2022, up from 7.3% in November. 

Analysts predict that the Australian CPI will continue to rise, with an 8.6% increase projected for January 2023.

ISM Manufacturing Purchasing Managers’ Index | US (1 March)

The US ISM Manufacturing PMI fell to 47.4 in January 2023, the lowest level since May 2020. 

Analysts predict a slight rebound in the PMI for February, with a reading of 47.9.

ISM Services Purchasing Managers’ Index | US (3 March)

The ISM Services PMI for the United States unexpectedly rose to 55.2 in January 2023, up from a 2-1/2-year low of 49.2 in December. 

Analysts predict that the PMI will fall slightly in February 2023 at 54.6.

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:

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

In the upcoming week, several significant events and economic data releases are scheduled to take place. Among them are the Federal Open Market Committee (FOMC) meeting minutes, the Reserve Bank of New Zealand (RBNZ) rate statement, and the Canada Consumer Price Index (CPI) report. 

These events are expected to garner considerable attention from investors, economists, and financial analysts as they provide insights into the current state of the global economy and the outlook for the future. Market participants will closely monitor these reports and releases to understand the current economic climate better and make informed investment decisions.

Let’s take a closer look at these events:

UK and US Flash Services PMI (21 February)

The UK’s January 2023 Flash Services PMI decreased from 49.9 in December 2022 to 48.7. The US Flash Services PMI increased from 44.7 in December to 46.8 in January.

For February 2023, analysts anticipate that the UK Flash Services PMI will increase to 49.3, while the US Flash Services PMI will rise to 47.4.

UK Flash Manufacturing PMI (21 February)

The UK Flash Manufacturing PMI increased to 47.0 in January 2023 from the 31-month low of 45.3 recorded in December 2022. 

Analysts predict a further increase in the UK Flash Manufacturing PMI to 47.5. This data is closely watched as it provides an early indication of the health of the UK manufacturing sector, which plays a crucial role in the country’s economy.

Canada Consumer Price Index (21 February)

Canada Consumer Price Index declined by 0.6% in December 2022 compared to the previous month. 

Analysts forecast a 0.2% increase in Canada’s CPI for January 2023. This forecasted increase is significant as it could indicate the beginning of a broader economic recovery.

Australia Wage Price Index (22 February)

The Australian Wage Price Index (WPI) experienced a year-on-year increase of 3.1% in Q3 2022, as per the seasonally adjusted data, marking an acceleration from the 2.6% growth seen in Q2. This result is the most substantial reading since Q1 2013.

For Q4 2022, analysts forecast that Australian WPI will increase by 3.6% year-on-year. This anticipated growth is a positive sign for the Australian economy, and investors will be keeping a close eye on the release of the WPI data for insights into the country’s economic health.

RBNZ Monetary Policy and Rate Statement (22 February)

The Reserve Bank of New Zealand increased its interest rate in November 2022 by 75bps to 4.25% from the previous rate of 3.5%.

Analysts expect the RBNZ to announce another increase in its interest rate of 50bps to 4.75% this month. The expected gain would signify the central bank’s continued efforts to keep inflation under control and maintain a stable economy.

FOMC Meeting Minutes (23 February)

In its February 2023 meeting, the US Federal Reserve increased the fed funds rate target range by 25bps to 4.5%-4.75%. In a statement, Fed Chair Jerome Powell indicated that the Fed had the necessary tools to control inflation, and disinflation had begun.

Powell’s comments suggested that there would be no significant changes to the Fed’s future rate increase strategy, despite a strong January jobs report. 

Core PCE Price Index (23 February)

In December 2022, the US Core PCE price index, excluding food and energy, increased by 0.3% on a month-on-month basis, compared to the 0.2% growth seen in the previous month.

Analysts predict that the US Core PCE Price Index will increase by 0.2% this month.

Dear Client,

To provide you with more diverse trading options, VT Markets will launch 5 new products on 20th February 2023.

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.

For more information, please contact info@vtmarkets.com

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 :
2023/02/18 02:00 – 05:00 (Server time)

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 info@vtmarkets.com

VT Markets, a next-generation multi-asset broker, has announced the integration of Acuity’s Signal Centre into its platform. This new collaboration will enable VT Markets clients to benefit from the advanced artificial intelligence (AI) technology, superior design, and multilingual capabilities that Signal Centre offers.

Acquired by Acuity in 2021, Signal Centre’s Analysis IQ provides users with an experienced trading professionals’ technical view of the markets based on the intraday timeframe. Ideas are delivered by combining traditional and alternative data sets. The platform’s AI-powered approach ensures a holistic analysis of current market conditions to assist with decision-making. This combination of human-led insights with AI technology enables traders to make better-informed decisions more efficiently.

The addition of Acuity’s Signal Centre represents a significant milestone for VT Markets as it continues its mission to provide its clients with the best-in-class services and solutions available in the industry today. With this advanced technology now integrated into the VT Markets platform, clients can leverage unprecedented insights into their financial portfolios and make smarter decisions when it comes to trading any asset class they choose. 

Speaking about this partnership, a representative of VT Markets said, “We are thrilled to be able to bring this advanced technology solution to our clients to help them achieve their investment goals. Acuity’s Signal Centre is an incredibly powerful tool that will enable our clients to access sophisticated trade ideas from experienced professionals that can help them maximise their returns on investments through better decision-making.”

Andrew Lane, CEO Acuity Trading;

“We’re delighted that VT Markets has chosen to partner with Acuity Trading’s FCA authorised and regulated company Signal Centre. By integrating our AnalysisIQ platform into VT Markets’ global multi-asset brokerage, traders will be able to access high quality trading analysis, data and market expertise through powerful and intuitive visualisation tools.”

With this new partnership with Signal Centre, VT Markets has cemented itself as a major player in the trading industry. The fast-growing broker is committed to its mission to make trading easy and more accessible for everyone. 

About VT Markets

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. The broker has won many international accolades including Best Customer Service and Fastest Growing Broker. Its mission is to make trading an easy, accessible, and seamless experience for everyone.

For more information, please visit www.vtmarkets.com or email to media@vtmarkets.com 

About Acuity Trading

Acuity Trading revolutionised the online trading experience for millions of investors with the introduction of visual news and sentiment tools in 2013. Today, Acuity continues to lead the fintech market with alpha generating alternative data and highly engaging trading tools using the latest in AI research and technology. Acuity’s team of academics, scientists, news and market professionals are dedicated to delivering highly effective data products that bring value to investors of all levels and experience. Flexible delivery options include APIs, MT4/5, plug and play widgets and third party automation services. 

For further information or to request a demo, please visit www.acuitytrading.com or contact:

Meredyth Grant

Email:meredyth.grant@acuitytrading.com 

Tel: +44 (0) 7496 725286

Follow Acuity Trading on social: 

Twitter: @acuitytrading

LinkedIn: https://www.linkedin.com/company/acuity-trading

Facebook: https://www.facebook.com/acuitytradingltd/

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