Monthly Archives: July 2022
Inflation climbed 9.1% in June, highest since 1981
Written on July 14, 2022 at 12:27 am, by anakin
US stock continued its slide on Wednesday amid the hot US inflation report, which weighed on financial markets and boosted speculation that the US Federal Reserve will tighten its monetary policy more aggressively. The US Consumer Price Index soared by 9.1% YoY in June, which was much worse than the 8.8% expected and also muchContinue Reading
Fed Rate hikes may pull the economy into a recession, ECB’s plans to boost interest rates dragged the Euro lower
Written on July 13, 2022 at 1:05 am, by anakin
US stock declined on Tuesday amid fears that aggressive rate hikes will drag the economy into a recession ahead of Wednesday’s critical inflation report. Slowing economic growth and soaring inflation continued to weigh on investors’ mood across financial markets, as economists said that inflation kept heating up in June and might force the Federal ReserveContinue Reading
VT Markets The Notification of Trading Hours Adjustment on Weekends
Written on July 12, 2022 at 1:54 am, by anakin
Dear Client, To provide clients with a better trading experience, VT Markets will adjust the trading session from 02:00 to 24:00 (GMT+3) every Saturday since July 16, 2022. Please note the specific adjustment as follows: Note: The above data is for reference only, the actual execution date may be changed, please refer to the MT4/MT5Continue Reading
Stocks fell as traders braced for a strong inflation report
Written on July 12, 2022 at 1:01 am, by anakin
Stocks slumped on Monday, with trades positioning for a high inflation reading and the start of a key earnings season that could provide clues as to whether the economy is heading for a recession. On the trade of the day, the dollar climbed, and a sell-off in mega-caps like Tesla Inc. and Apple Inc. weighedContinue Reading
Strong US job report eased recession fears
Written on July 11, 2022 at 12:16 am, by anakin
US stock closed flat on Friday after struggling for direction throughout the session as the strong US job report eased recession fears but further supported the case for a 75 bps rate hike by the Fed to fight inflation. Earlier in the North American session, the Nonfarm Payrolls report added 372K jobs to the economyContinue Reading
VT Markets July Futures Rollover Announcement
Written on July 8, 2022 at 2:56 am, by anakin
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. •ToContinue Reading
Wall Street hopes Fed can stick a soft economic landing, boosting US stocks Thursday
Written on July 8, 2022 at 2:49 am, by anakin
US stock rebounded through trade on Thursday, as Wall Street jumped on hopes Fed can stick the soft economic landing. Two of the Federal Reserve’s most hawkish policymakers pushed back against fears of a recession as monetary settings tighten. Governor Christopher Waller and St. Louis Fed President James Bullard supported the need for restrictive policyContinue Reading
VT Markets The Adjustment Of Weekly Dividend Notification
Written on July 7, 2022 at 10:27 am, by anakin
Dear Client, Warmly reminds you that the component stocks in the stock index spot generate dividends. When dividends are distributed, VT Markets will make dividends and deductions for the clients who hold the trading products after the close of the day before the ex-dividend date. Indices dividends will not be paid/charged as an inclusion alongContinue Reading
S&P500, Nasdaq 100, and the US Dollar gained as the Fed signalled more rate hikes, indicating the market still fears a worldwide recession
Written on July 7, 2022 at 1:16 am, by anakin
US stocks rose for three days in a row, as investors parsed economic data that hinted at slower growth, which also prompted some to brush off the hawkish stance reiterated by Fed in June meeting minutes. All eyes need to be on the Fed, officials ‘’agreed” last month that interest rates may need to keepContinue Reading
EUR/USD hit a 20-year low, EU economy slipped to a 16-month low
Written on July 6, 2022 at 1:16 am, by anakin
US stock rebounded slightly after falling as much as 2.2% on Tuesday as fears of a globalized recession take their toll on financial markets. The talks of easing tariffs on China imposed by the former administration failed to appease recession fears as concerns about a potential US recession and stubborn inflation remained, despite the reducingContinue Reading
