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 [email protected].

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 [email protected].

CURRENCIES

Euro (EUR/USD) analysis:

• Focus shifts to Europe, particularly France, ahead of elections.
• Uncertainty surrounds whether the ECB will act to calm widening bond spreads given France’s debt load.
• EUR/USD fails to capitalize on Monday’s reprieve; downside risks remain.
• Analysis uses chart patterns and key support and resistance levels. For more details, visit our comprehensive education library.

Will the ECB act to calm widening bond spreads?

• With major US data and the FOMC decisions behind us, attention returns to Europe and France.
• France is in the spotlight as the campaign for the parliamentary elections on June 30th intensifies.
• Marine Le Pen’s National Rally party’s rising popularity has unsettled markets, seeking stability and certainty.
• French-German bond spreads highlight the risk premium for nations like Italy and France, with investors favoring safer German bonds.
• ECB’s Chief Economist, Philip Lane, described the recent bond market move as a ‘repricing’ rather than ‘disorderly market dynamics.’
• The ECB has a tool to counter unwarranted bond market fragmentation, but France’s debt-to-GDP ratio of over 110% may complicate qualification for assistance.

EUR/USD attempts to hold 1.0700, but downside risks persist:

• On Monday, EUR/USD tried to lift off the 1.0700 level, but downside risks remain.
• Price action trades below the 200 simple moving average, indicating a potential retest of 1.0700.
• Major support levels are at 1.0600 and possibly 1.0450, the low of the major 2023 decline.
• EU inflation data showed a slight uptick in May, but overall decline continues.
• ZEW economic sentiment disappointed with a reading of 47.5, below expectations of 50 but slightly improved from last month’s 47.1.
• Inflation expectations increased following the slightly hotter May print.

STOCK MARKET

Market projections:

• Evercore’s bull scenario sees the S&P 500 reaching 7,000 by the end of next year.
• The bear scenario could see the index fall to 4,750.
• Emanuel emphasizes the necessity for investors to have an AI strategy.

AI as a market driver:

• AI has been the most significant catalyst pushing markets higher over the past year.
• Despite delayed Federal Reserve rate cuts and slow inflation return, the US economy outperformed expectations.
• Emanuel expects increased volatility as AI continues to drive the bull market.

Strategic recommendations:

• Emanuel recommends a “strangle” options position on the Nasdaq, buying calls and puts at prices higher and lower than current prices, respectively.
• The essential takeaway is the need for an AI trade strategy.
• Possible portfolio tilts include “AI Revolutionaries” and “Small Cap Standouts.”

Importance of an AI strategy:

• Portfolio managers must integrate AI into their process and cannot afford to dismiss the AI discussion.
• In 2023, investors expected a recession and stock market downturn but were surprised by a strong AI-driven rally.
• By June 2024, excuses for missing the AI rally have worn thin.

Click here to open account and start trading.

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 [email protected].

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 [email protected].

Dear Client,

Shares product WKHS is about to conduct a reverse share split after the market closes on June 14, 2024. Starting from the market opening on June 17, 2024, WKHS expects to provide investor trading in divided contracts.

After the share split, please be aware of the following:

1. The trading volume of WKHS open positions will become 1/20 of the original lot size.

2. The “opening price” and “take-profit/stop-loss setting price” of WKHS’s positions will become 20 times the original price.

3. WKHS’s price at the opening of the market on June 17 is expected to be approximately 20 times the closing price on June 14.

4. After the market closes on June 14, all WKHS pending orders in real accounts will be cancelled.

5. After the market closes on June 14, all WKHS orders in the demo account will be cancelled, including open positions and pending orders.

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 [email protected].

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 [email protected].

Dear Client,

Shares product SPCE is about to conduct a reverse share split after the market closes on June 14, 2024. Starting from the market opening on June 17, 2024, SPCE expects to provide investor trading in divided contracts.

After the share split, please be aware of the following:

1. The trading volume of SPCE open positions will become 1/20 of the original lot size.

2. The “opening price” and “take-profit/stop-loss setting price” of SPCE’s positions will become 20 times the original price.

3. SPCE’s price at the opening of the market on June 17 is expected to be approximately 20 times the closing price on June 14.

4. After the market closes on June 14, all SPCE pending orders in real accounts will be cancelled.

5. After the market closes on June 14, all SPCE orders in the demo account will be cancelled, including open positions and pending orders.

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 [email protected].

CURRENCIES

USD and US Equities Post-FOMC Analysis

• Fed trims rate cut expectations due to higher inflation forecasts.
• USD regains some strength on hawkish projections.
• US equities rally on lower yields and USD despite inflation concerns.

Fed’s Decision on Rate Cuts

• Rate Cut Adjustments:
  • After May’s inflation data, the Fed revised its interest rate outlook, reducing expected rate cuts for 2024 from three to one 25 basis point cut.
  • This change was driven by persistent inflation, leading the Fed to adopt a more conservative approach, maintaining current restrictive interest rates.
• Economic Projections:
  • Growth and unemployment forecasts for this year remained unchanged.
  • Labour market expected to ease slightly by the end of 2025.
  • Headline and core PCE data projected to rise this year and next, with a firmer Fed funds rate anticipated over the same period.

USD Performance on Hawkish Forecasts

• USD Recovery:
  • Hawkish forecasts helped the dollar recover some losses from earlier softer CPI data.
  • Dollar continues its bullish momentum, but upcoming PPI data could influence its trajectory.
• Market Reactions:
  • Markets considered a second rate cut after the CPI print, but Fed projections cast doubt on this.
  • Dollar strength is supported by a weaker euro, affected by political developments in France.

STOCK MARKET

Market Overview

• US inflation cooled in May, as per the Bureau of Labor Statistics.
• Consumer Price Index (CPI) remained flat month-over-month and rose 3.3% annually, both measures below expectations and lower than April’s increases.

Details of the CPI Report

• Headline Inflation:
  • Monthly CPI increase: 0.0%, lowest since July 2022.
  • Annual CPI increase: 3.3%, down from April’s 3.4%.
  • Decline driven by falling energy prices, especially gas.
• Core Inflation:
  • Monthly core CPI increase (excluding food and gas): 0.2%, lowest since June 2023.
  • Annual core CPI increase: 3.4%, lower than April’s 3.6%.
  • Shelter costs remained a significant factor in core inflation, rising 0.4% month-over-month.

Market Reactions

• Treasury Yields and Equities:
  • 10-year Treasury yield dropped by 12 basis points to around 4.29%.
  • Stock markets rose: NASDAQ (+1.53%), S&P 500 (+0.85%), Dow Jones (-0.09%).
• Fed’s Perspective:
  • The CPI data provided a positive outlook for the Federal Reserve ahead of its policy decision.
  • Despite the easing inflation, the Fed maintained a “bumpy” path to its 2% target.

Economic Indicators and Projections

• Labor Market:
  • Added 272,000 nonfarm payroll jobs in May, surpassing the 180,000 expectation.
  • Wages rose 4.1%, with the unemployment rate slightly increasing to 4%.
• Preferred Inflation Gauge:
  • Core PCE price index remained steady at 2.8% year-over-year for April.
• Rate Cut Expectations:
  • Investors anticipate one to two 25-basis-point cuts in 2024, down from six cuts earlier projected.
  • CME FedWatch Tool indicates a 69% chance of rate cuts starting in September, up from 53% the day before.

Specific Index Movements

• Shelter and Rent:
  • Shelter index rose 5.4% annually, 0.4% monthly.
  • Rent and owners’ equivalent rent each increased by 0.4% monthly.
  • Lodging away from home decreased slightly.
• Energy:
  • Energy prices fell 2% monthly, up 3.7% annually.
  • Gas prices dropped 3.6% from April to May.
• Food:
  • Food index rose 2.1% annually, 0.1% monthly.
  • Food at home was flat, food away from home rose 0.4%.
• Other Indexes:
  • Increases: Medical care, used cars and trucks, education.
  • Decreases: Airline fares, new vehicles, communication, recreation, apparel.

Click here to open account and start trading.

Dear Client,

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

MT4/MT5 Trading Hours:
June 15th 2024 (Saturday) postponed to open at 11:00

VT Markets APP Maintenance:
June 15th 2024 at 04.00 am (Saturday) – June 16th 2024 at 13.00 pm (Sunday)
The above time is system time GMT+3.

Please note that the following aspects might be affected during the maintenance:
1. During the maintenance period, VT Markets App will not be able to log in. If you need to apply for deposits and withdrawals or other account-related applications, it is recommended that you operate through the client portal.
2. Before the trading hours, the price quote and trading management will be temporarily disabled. You will not be able to open new positions, close open positions, or make any adjustments to the trades.
3. There might be a price gap after the trading hours opening. The Pending Orders, Stop Loss and Take Profit will be filled at the market price after trading hours opening.

Please refer to the MT4 / MT5 / VT APP software for the specific maintenance completion and marketing opening time.

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

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