Dear Client,

Please note that adjustment on following products due to Chinese National Day ,and Chung Yeung Festival.

If you have any questions, our team will be happy to answer your questions. Please mail to [email protected] or contact the service online.

Daily Market Analysis

Market Focus

There were both ups and downs in US stock market on Monday, as 10-year treasury bond yields rising sharply amid investors’ expectations about monetary tightening. Investors now pull the possible timeline of rate hike forward after Fed Chair Jerome Powell announced that the Fed could start bond tapering in November at the earliest. A decline in bonds sent the yields briefly above 1.55, which is the highest level in June, and caused some of the world’s biggest technology companies continued to sell off.

The benchmarks, the S&P 500 and the Nasdaq both declined on Monday. The S&P 500 was down 0.3% on a daily basis, ending in negative territory for the first time in recent three trading sessions. The real estate sectors continued its bearish momentum, dropping 1.71% on Monday. The energy and financials sectors are the best performing among all groups, climbed 3.43% and 1.31%, respectively. The Dow Jones, on the contrary, posting a 0.2% gain for the day.

The higher yields weighed especially on the overstretched growth stocks in the technology sector, which have low dividend yields. On top of that, Brent oil closed at the highest level since 2018, as supply-chain disruptions forced energy companies to pull large amounts of crude out of stockpiles and resulted in global energy crunch.

In Asia, stock market was mixed on Monday as risk sentiment improved on contained China’s Evergrande Group default risk. Additionally, news about the releasing of Meng Wanzhou, daughter of Huawei’s founder and the CFO of the company, has indirectly eased the tension between the US and China and favor the market sentiment.

Main Pairs Movement:

The broad U.S. equity market wavered on Monday, as the U.S. 10-year treasury bond yield rose to 1.494%, the highest intraday level since June. Major Asia benchmark indices were mixed on Monday. The Hang Send Index edged up 0.1%, while the Shanghai Composite Index lost 0.8%. Germany voted for a new chancellor over the weekend, but analysts are suggesting the leadership change would not affect Germany’s fiscal stance.

Risk on sentiment combined with increasingly hawkish global central banks have caused money to flow from safe haven assets to higher yielding asset classes. Despite the dollar index advancing on Monday, Cable and the Loonie both rose against the dollar. Gold made small gains against the dollar as the U.S. 10-year treasury yield rose to a 3 month high, but gains are limited for the precious metal as investors look for higher yielding assets

Technical Analysis:

GBPUSD (4 Hour Chart)

After losing more than 0.3% on Friday’s trading, Cable has found solid support at around the 1.3665 price level and has repaired most of its losses from Friday’s trading. The BoE’s hawkish decision on Thursday has helped bouy the Pound against a strong Dollar. However, a recent truck driver shortage, which has brought on a supply disruption of petrol in 90% of U.K. gas stations, poses as a near term threat to the U.K.’s economic recovery.

From the technical perspective, Cable has lost most of its gains since late September, but the pair has found support at the 1.3665 price level. As of writing, Cable is trading at 1.37111, with the nearest level of resistance at around the 1.3747 price level. RSI for the pair sits at 54, a neutral buying signal. Cable is currently trading below its 50, 100, and 200 day SMA.

Resistance: 1.3747, 1.381, 1.3851

Support: 1.3665, 1.36

USDCAD (4 Hour Chart)

USD/CAD continued its down trend since last Friday, and the pair is continuing to edge lower to test our previously estimated support level of 1.2635. The pair’s recent down trend is attributed to the renewed “risk on” sentiment leading to renewed Dollar weakness on Monday, and the rising cost of commodities— specifically oil as it is Canada’s largest exposrt item. WTI, on Monday, reached and broke its 3 month high of 75 dollar per barrel.

From the technical perspective, risk on sentiment combined with rising commodity costs has brought USD/CAD below our previously estimated support level, but this level remains relevant as the pair seems to have found support near this region, as of writing. RSI for pair sits at 39, suggesting mild under buying. USD/CAD is trading above its 50, 100, 200 day SMA.

Resistance: 1.2834, 1.2912

Support: 1.2635, 1.2586, 1.2509

XAUUSD (4 Hour Chart)

Gold continued its climb against the Dollar at the start of a new trading week; however, the upward momentum is hampered by the “risk on” sentiment of equity investors and the recovering Dollar. Rising U.S. bond yields could further strengthen the dollar and pose strong downward pressure on the safe haven asset. Despite hawkish signals from global central banks, China’s Evergrande Group still looms over global markets and has helped Gold from suffering further losses.

From the technical perspective, XAU/USD met resistance at around the 1759 price level and has reversed its upward course. RSI for the pair sits at 43, indicating a neutral market. XAU/USD is trading below its 50, 100, and 200 day SMA.

Resistance: 1759.27, 1779.04, 1808.42

Support: 1742.39, 1725.51

Economic Data

28 September 2021, DUBAI UNITED ARAB EMIRATES – VT Markets, one of the leading Forex and CFD brokers, today delight announce that they are pleased to attend to this year’s the Forex Expo held in DUBAI, UNITED ARAB EMIRATES during 29-30 September 2021 as a gold sponsor.

The largest global FOREX Exhibition organized by Huan Qiao Event Management LLC will take place at the Dubai World Trade Centre, offering industry pioneers from all over the world a chance to connect. Angelo Themistokli, the head of VT Markets Cyprus office will lead the team to attend to the event and speak during the expo.

“We were blown away by the feedback we received on our previous events, so we’re really looking forward to connecting once again with new and existing partners and customers.” Said Angelo Themistokli, head of Cyprus office at VT Markets.

“We are very proud to be represented at the expo by our Cyprus team and we are inviting all of our investors to come and meet us at our stand and speak to some of the leaders of the Forex industry. In addition, following the steps of VT Markets’ global expansion plan, we look forward to having a local office set up here to serve investors and partners from Middle East/North Africa (MENA) region.” said Chris Nelson-Smith, Managing Director at VT Markets.

Everyone is welcomed to visit our booth during the expo to learn everything about VT Markets and what VT Markets offer to MENA clients exclusively. To get a full insight into VT Markets services and to schedule your meeting with a representative, please visit booth No 39 as well as the official event page.

For official event information, visit https://www.theforexexpo.com/dubai2021/

About VT Markets

VT markets, based in Sydney, Australia, is a subsidiary of VT Markets LLC (VIG) and leverages more than 10 years of experience and expertise in global financial markets to offer easy and transparent market access and help our clients pursue their financial goals. Founded in 2016, VT markets has applied for advanced technical support in the retail FX market to provide clients with superior trading experience.

For more information, please visit www.vtmarkets.com or contact [email protected]

Dear Client,

Please note change of the following products after Daylight Savings Time in Australia begins in October 4th, 2021.

The details as shown in the table below.

If you’d like more information, please don’t hesitate to contact [email protected].

Daily Market Analysis

Market Focus

US stock advanced on Friday amid turmoil in global stock market earlier in the week. Despite the hawkish tone from Fed after the meeting this week and the contagion risks from China Evergrande Group’s debt crisis, US stock finished in the positive territory for a third day. Investors believed that the US economy recovered in a steady pace and has met the central bank’s conditions for starting to reduce its bond purchases soon, as some of the Fed bank presidents supported starting bond tapering in November and concluding them over the first half of next year.

The benchmarks, S&P 500 and Dow Jones both advanced on Friday. The S&P 500 was up 0.2% on a daily basis, showing a late day rebound after fluctuating throughout most of the session. The energy, communicate service and financials sectors are the best performing among all groups, climbed 0.84%, 0.69% and 0.55%, respectively. The Nasdaq, on the contrary, posting a 0.1% loss for the day.

Surprisingly, the S&P 500 and the Dow Jones ended the week with gains amid uncertainty surrounding the indebted real-estate giant Evergrande Group. But for investors, this can be a challenging weekend for holding weekend risk given the ongoing and still developing scenario around Evergrande.

In Asia, China said that crypto-related transactions will now be considered as illegal financial activity, therefore, bitcoin tumbled alongside with crypto-related shares. Investors now remain vigilant about the next step of China regulators.

Main Pairs Movement:

US dollar advanced on Friday, bouncing back from Thursday’s slide as it touched a daily high before the American session. But the greenback failed to preserve its bullish momentum after breaking the 93.4 level and closed at 93.277. The safe-haven dollar was benefited from the uncertainty over Chinese property developer Evergrande Group and bounced back from its biggest one-day percentage drop in about a month on Thursday. Investors worried about a default by China Evergrande Group as the company missed a Thursday deadline for paying $83.5 million. To sum up, US dollar strengthened on Friday amid hawkish Fed and the Evergrande risks, rising 0.19% on a daily basis.

EUR/USD and GBP/USD both declined on Friday amid stronger US dollar across the board, losing 0.15% and 0.33% for the day, respectively. EUR/USD dropped to a daily low during European trading hour but recovered modestly after declining to 1.1700 area. The risk-averse market environment weighed on the pair as the greenback to continue to outperform its rivals during the day.

Gold rose on Friday, rebounding slightly from Thursday’s slump. But the prospects for an earlier rate hike move by the Fed and the Bank of England kept a lid on any meaningful gains for gold. The precious metal posted a 0.45% gain on a daily basis. WTI Crude Oil, in the same way, climbing more than 1% on Friday.

Technical Analysis:

GBPUSD (Daily Chart)

Tradingview

GBPUSD acelerated its slump, trading under 1.3700. The tumble trimmed almost half of its post BOE gains as the market concerns about the shifting tone of the Fed from dovish to hawkish. From the technical perspective, the intraday bias remains downside as the currency pair continues trading below the descending trendline; at the same time, previous bounce- up seems to be temporary from the double top trading pattern. As a result, the pair loses its bullish strength today. Moreover, according to the RSI, it has not yet reached the oversold territory, which indicates that the bearish move continues to keep up its momentum. The fall will accelerate if the pair falls below 1.3605. On the contrary, GBPUSD needs to trade above 1.3835 to reverse from bearish to bullish.

Resistance: 1.3726, 1.3835, 1.3905

Support: 1.3604, 1.3441

Gold (Daily Chart)

Tradingview

Gold tumbled, failing to recover above $1,750 region, after the Fed and BoE turned hawkish this week. Resurgent US dollar demand exerted additional pressure on the precious metal, gold. From the technical aspect, any subsequent decline is likely to find its immedicate support at 1740.85; the decline might find it hard to extend losses below the support level as the RSI has reached the oversold territory, minimizing the selling pressure. If gold ends up falling below the support level and ascending trendline, then it will acelerate the downside toward its next support at $1,683.34. On the flip side, $1,786 looks to act as an immediate hurdle, above the level will give bulls an opportunity to challenge the 200- SMA.

Resistance: $1,786, $1,817.71

Support: $1,740.85, $1,683.34

USDJPY (4- Hour Chart)

Tradingview

USDJPY gained traction for the third consecutive day as the US dollar obtained strength from the Fed’s hawkish tone. As the time of writing, USDJPY has reached multi- week tops, trading around 110.73 region. From the technical aspect, the intraday bias looks to be bullish as the pair trades along the ascending trendline. At the moment, the pair is contesting its immediate resistance at 110.704; if the pair successfully breach the resistance, then it will acelerate the upside momentum toward the recent peak at 111.576. However, the pair is going to confront a firm obstacle as the RSI has over- reached the overbought condition, almost at the 80^th threshold. That being said, the bullish momentum has a high possibility to be held. The pair might consolidate in the price range of 110.698 and 110.155 until the RSI gets cool- down.

Resistance: 110.698, 111.576

Support: 110.155, 109.716

Economic Data

Daily Market Analysis

Market Focus

US stock advanced on Thursday amid risk-on market sentiment, as investors embraced the Federal Reserve’s bullish economic outlook. After the two-day FOMC meeting, Fed has turned more hawkish and is expected to reduce bond purchases in November at the earliest. Generally, a hawkish Fed should be bearish for equity market. But surprisingly, the hawkish tone from Fed is welcomed by investors as it was seen as a confirmation of substantial progress in economy recovery. Additionally, gold declined and oil rose.

The benchmarks, S&P 500, Dow Jones and Nasdaq both rose on Thursday as they rode the waves of positive risk sentiment. S&P 500 was up 1.2% on a daily basis, the index registered its biggest two-day gain since July. Nine out of eleven sectors posted a gain as the energy and financials sectors are the best performing among all groups, rose 3.41% and 2.50%, respectively. Real estate .and utilities were the only major groups to end lower on the day. The Dow Jones gained the most of 1.5%.

On top of that, the Bank of England moved closer to raising interest rates after officials said developments appear to have strengthened the case for modest tightening. Therefore, the British pound rallied on Thursday.

In Asia, Financial regulators in Beijing instructed China Evergrande Group to avoid a near-term dollar bond default. China also said to have told the company to focus on completing unfinished properties and repaying individual investors. For now, there is no indication that regulators offered financial support to Evergrande Group for the bond payment yet, and concerns of an Evergrande failure continues.

Main Pairs Movement:

The 2-day long Fed meeting concluded with signals from the FOMC that tapering should start relatively soon and a revised rate hike schedule, which could begin by, as early as, 2022. Besides the FOMC minutes, markets were also moved by a report that Chinese authorities signaled reluctance to bail out Evergrande, despite the Chinese Government’s continued effort to inject more cash into the financial system; furthermore, the Chinese regulators have instructed Evergrande to avoid near-term default on bonds. The combination of the two events boosted investor sentiment and a risk-on investing scene, as most U.S. indices continues to rise for the second day in a row.

Cable rose against the dollar, as the Greenback weakened due to investors redirecting funds into a “risk on” equity market environment. The Pound was also fueled by the increasingly hawkish stance of the BoE. The redirecting on funds and “risk on” sentiment hurt gold, as the precious metal tumbled throughout the trading day.

Technical Analysis:

GBPUSD (4-hour Chart)

Cable traded lower during the European trading session, but the pair would rebound, significantly, once the Asia and American trading session began. Broad Greenback weakness and risk-on sentiment in equity markets have propelled Cable to its 3 day high. The BoE’s increasingly hawkish tone also added to the Pound’s strength against the Dollar. As of writing, Cable has broken through our previously estimated resistance level of 1.3687 and the pair is trading at 1.3747.

From the technical aspect, Cable successfully defended the 1.36 support level and quickly broke through the 1.3687 resistance level. Near term resistance for Cable will sit at around the 1.378 price level. RSI for the pair sits at 61.5, indicating modest over buying in the market. As of writing, Cable is trading above the 50, 100, and 200 day SMA.

Resistance: 1.3687, 1.381, 1.3851

Support: 1.3627, 1.3603

USDCAD (4- Hour Chart)

USD/CAD reversed course for the day as the Dollar loses steam, and brought the pair below our previously estimated support level of 1.2752. During the earlier part of the trading session, USD/CAD was able to repair some losses from the previous trading day, but the pair quickly lost ground once the American trading session began. The Canadian July retail sales declined, although actual figures fared better than analyst estimates.

From the technical aspect, USD/CAD broke through the 1.2752 support level and is currently trending towards the nearest support level of 1.2635. RSI for the pair is at 35.47, indicating modest over selling. As of writing, the pair is trading at the lower bound of the bollinger bands, and the pair is trading below its 50, 100, and 200 day SMA.

Resistance: 1.2834, 1.2912

Support: 1.2752, 1.2635, 1.2586

XAUUSD (4- Hour Chart)

XAU/USD tumbled as equity markets heated up; furthermore, a weaker Dollar did not help the pair, as investors adopt the “risk-on” sentiment. Increasingly hawkish tone from the Fed and BoE did little to help gold as U.S. bond yields soared and flows redirected away from the non-yielding precious metal. Cash injection by the People’s Bank of China further eased equity investors’ concerns.

From the technical aspect, XAU/USD has found some support at the 1748 price level, but, if investors continue to move away from the safe haven asset, XAU/USD could trend down towards its next immediate support level of 1725. RSI for the pair sits at 36, as of writing, indicating modest over selling. The pair is trading below its 50, 100, and 200 day SMA.

Resistance: 1778.52, 1804.06, 1830.72

Support: 1748.82, 1725.47

Economic Data

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 along with the swap component. It will be executed separately through a balance statement directly to your trading account, the comment for which will be in the following format “Div & Product Name & Net Volume ” .

Please note the specific adjustments as follows:

Note: The above data is for reference only, the actual execution data may be changed, please refer to the MT4 software for details.

If you’d like more information, please don’t hesitate to contact [email protected].

Daily Market Analysis

Market Focus

US stocks advanced on Wednesday, even though Federal Reserve officials signaled that bond tapering would probably start in November at the earliest. During a press conference, Fed Chair Jerome Powell also said that mid-2022 could be the end of tapering, which means if Fed announces tapering in November, it will create an eight-month taper process. Stock markets ignored Fed’s tapering hints amid mixed details. On top of that, Gold and oil both rose, as the decline in crude oil inventories was more than expected.

The benchmarks, S&P 500, Dow Jones and Nasdaq both rose on Wednesday. S&P 500 was up 1% on a daily basis, the index rebounded from a two-month low and recorded the biggest climb since July. Wednesday was also the first time for S&P 500 to finish in positive territory in five trading sessions. Nine out of eleven sectors posted a gain as the energy and financials sectors are the best performing among all groups, rose 3.16% and 1.58%, respectively. The Nasdaq gained the most of 1.02%.

The Federal Reserve kept interest rate unchanged at 0.25%, same with market’s expectations. But the policymakers are divided over the rate hike, now expecting a start from either 2022 or 2023 versus the previous support for 2023. For investors now, the timeline of bond tapering and any shifts in expectations for rate hike are crucial information.

In Asia, stock markets declined on Wednesday amid concerns about Evergrande group’s debt crisis. But China avoided a major selloff after the country’s central bank boosted its injection of short-term cash into the financial system. In Japan, BOJ left its interest rate policy unchanged, Japanese yen dropped.

Main Pairs Movement:

Despite lingering effects from China’s Evergrande credit issue, markets advanced on Wednesday’s trading as investors turn their attention to the Fed’s bond tapering timetable and interest rate projections. As of writing, all major U.S. indices have gained from yesterday’s slump. The two-day meeting of the FOMC yielded a marginally more hawkish tone of the Fed and a potential start date for scaling back pandemic era monetary measurements. The minutes of the meeting also indicated a potential rate hike projected to start, as early as, 2022 as long as the Fed’s employment and inflation goals continue to be met.

The U.S. dollar index slipped at the release of the FOMC minutes, thus benefiting most currency pairs against the dollar; however, when Fed Chair Jerome Powell gave his speech, market sentiment changed quickly, and the dollar soared, hurting currencies against the dollar.

Technical Analysis:

GBPUSD (4-hour Chart)

Cable began trading lower at the start of the European session, but the pair will find support at around the 1.362 price level. Cable quickly rebounded from the session’s low once the American trading session began, and the pair saw a quick boost once the FOMC minutes were release. The dollar weakened against the backdrop of the Fed’s, newly found, hawkish tone, despite the Fed’s commitment to keep near term bond purchsing measures unchanged.

From the technical aspect, Cable traded below our estimated support level of 1.3641 for the first half of the trading day, but the American trading session brought the pair back to positive territory. The near term resistance level of 1.3687 remains unbroken;however, Fed Chair Jerome Powell’s speech, scheduled for later today, might compromise that resistance level if the Greenback continues to weaken against the pound. RSI for the pair indicated a neutral 42, as of writing. Cable is, currently, trading above the 50, 100, and 200 day SMA.

Resistance: 1.3687, 1.381, 1.3851

Support: 1.3627, 1.3603

USDCAD (4- Hour Chart)

An upbeat market sentiment has strengthened the loonie against the dollar. Ahead of the FOMC minutes release, USD/CAD was, once again, rejected from the resistance level of 1.2834; however, once the minutes were released, the dollar weakened and brought the pair below our previously estimated support level of 1.2752.

From the technical aspect, USD/CAD continues to see downward pressure near the 1.28 price level. The 1.2752 support level did not hold for the pair as the dollar continues to weaken on the back of the FOMC’s announcements. As of writing, RSI for the pair sits at 52, indicating neutral buying; furthermore, the pair is trading above the 50, 100, and 200 day SMA.

Resistance: 1.2834, 1.2912

Support: 1.2752, 1.2635, 1.2586

AUDUSD (Daily Chart)

AUD/USD continues to be range bound between 0.722 and 0.728. The FOMC minutes release brough a short spike to AUD/USD, but the spike was not sustainable and the pair is again traindg lower, as of writing. The Auddis dollar continues to be depressed due to poor employment figures and the strong economic ties between China and Australia. The increasingly hawkish tone of the Fed also provides a negative outlook for the pair.

From the technical aspect, AUD/USD successfully defended the 0.7222 support level in the early part of the trading session; however, this support level will be tested again as the dollar begins to gain strength after FED chair Jerome Powell’s speech. As of writing, RSI for AUD/USD sits at 42, and the pair is trading below the 50, 100, and 200 day SMA.

Resistance: 0.728, 0.7332, 0.7375

Support: 0.7222, 0.7117

Economic Data

Daily Market Analysis

Market Focus

US stocks declined near the end of trading on Tuesday, edging lower for the day. Investors are now evaluating the risks from China’s strict regulations on the real-estate sector and this week’s Federal Reserve meeting. Markets await Wednesday’s update from the Fed as well as details about how the China government will respond the Evergrande crisis.

The benchmarks, S&P 500 and Dow Jones both dropped on Tuesday. The S&P 500 was down 0.1% on a daily basis, continuing its bearish traction for a fourth day. The index was opened higher but had a high volatility the whole day. The industrial, communicate service and utilities sectors are the worst performing among all groups, dropped 0.7%, 0.33% and 0.24%, respectively. The Nasdaq, on the contrary, posting a 0.1% gain for the day.

Investors are watching from the sidelines for the two-day Fed meeting that stared Tuesday, the potential timeline for bond tapering and any shifts in expectations for raising interest rates will both be pivotal for global stock market.

In Asia, Evergrande tumbles further after S&P Global Ratings says default is likely. Despite concerns about broader contagion still remain, things are looking up as Wall Street believes that China has it under control. Investors expect China will save its biggest real-estate firm, either directly or indirectly, from being like a Lehman saga. Evergrande Chairman and the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath also sound optimistic in his latest speech and supported the brighter concerns.

Main Pairs Movement:

China’s Evergrande declined further on Tuesday’s trading, but the broad equity and currency markets bounced back on fresh dollar strength and investors are now turning their attention to Wednesday’s FOMC press conference and the Fed’s interest rate decisions. Despite spending returning to pre-pandemic level, the U.S. still posted fewer job gains, less than expected inflation in August, and some economic fatigue brought on by the resurgence of the Delta variant; thus, analysts are predicting that the September FOMC meeting would not result in a tapering commitment, rather analysts are expecting the Fed to remain dovish and the FOMC would keep quantitative easing measures intact for the near term.

Most USD based currencies declined for a second straight trading session as the Greenback gained fresh strength. Cable rebounded slightly at the beginning of today’s trading, but would decline once the North American trading session began. USD/CAD slipped during the European session, but recovered swiftly as the American trading session began. AUD/USD was also able to repair some of the losses from the previous trading day, but would lose ground as the American trading session began.

Technical Analysis:

GBPUSD (4-hour Chart)

Cable found support at around 1.3641 at the start of the trading day, and the pair continued to repair loss ground from yesterday’s trading. However, as the American trading session began and U.S. equity markets rallied, Cable once again traded lower as the dollar gained strength throughtout the American trading session.

From the technical aspect, Cable met resistance at the 1.3687 price level and was unsuccesful at breaking through it before the pair began trading lower. As of writing, Cable is trading at the lower bound of the bollinger bands, while RSI for the pair sits at 32.21, indicating some over selling in the market. Cable is trading below the 50, 100, and 200 day SMA.

Resistance: 1.3687, 1.381, 1.3851

Support: 1.3641, 1.3603

USDCAD (4- Hour Chart)

USD/CAD was unable to keep yesterday’s gain, instead, the pair slipped, as much as, 0.8% for the most part of Tuesday’s trading sessions, before finding support at around the 1.275 price level. Prime Minister Justin Trudeau successfully defended his, historical, third term, despite not winning a majority in the parliament and the popular vote. During his campaign, Prime Minister Trudeau has pledged to raise taxes on financial institutions and to impose stricter emission rules for the oil and gas sector.

From the technical aspect, USD/CAD continues to be rejected from the 1.2834 resistance level, but the pair has found higher levles of support at the 12752 price level. As of writing, USD/CAD is trading at the upper half of the bollinger bands and RSI for the pair indicates 60.11, suggesting mild over buying in the market. USD/CAD is trading above the 50, 100, and 200 day SMA.

Resistance: 1.2834, 1.2912

Support: 1.2752, 1.2635, 1.2586

AUDUSD (Daily Chart)

AUD/USD gained during the European session, the pair climbed to a session high of 0.7283 before the American trading session began. As the Greenback gained strenth, AUD/USD entered negative territory and is trading lower towards our estimated support level of 0.7222. The RBA Minutes, released today, failed to boost demand for the Aussie dollar. The Minutes showed the RBA’s continued dovish stance and no reversal in the RBA’s bond purhcasing program in light of weaker job postings in August.

From the technical aspect, AUD/USD has met new resistance at the 0.728 price level. As of writing, AUD/USD is trading at 0.7233, above our estimated support of 0.7222. The pair is trading at the lower bound of the bollinger bands, while RSI for the pair indicates 39.77, indicating mild under buying in the market. AUD/USD is trading below the 50, 100, and 200 day SMA.

Resistance: 0.728, 0.7332, 0.7375

Support: 0.7222, 0.7117

Economic Data

Dear Client,

To provide our clients with a wealth of trading options, VT Markets will launch new products on Sep 27, 2021.

With this launch, clients will have a total of 71 (51 + 20 new) US Shares CFDs to offer a more diversified portfolio in the hot US equity market.

The details as shown in the table below.

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

Please note that a commission of 6.00 USD (Basic Currency) per side is charged for trading US Shares CFD products with VT Markets.

Please check our official page to get more detail about US shares CFD:
https://www.vtmarkets.com/trading/markets/us-cfd-shares

If you’d like more information, please don’t hesitate to contact [email protected].