Monthly Archives: August 2024

Dear Client, To provide you with more diverse trading options, VT Markets will launch 6 new products on 31st August 2024. You can trade the world’s popular products on Meta Trader 4 and 5 with the following specifications: Note: The above data is for reference only, please refer to the MT4 and MT5 platforms forContinue Reading

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 moreContinue Reading

Gold prices (Symbol: XAUUSD) are showing resilience, poised to log their second consecutive monthly gain as market sentiment remains buoyant on the back of potential U.S. interest rate cuts. Spot gold was trading slightly lower at $2,517.91 per ounce, but it remained up by about 3% for the month of August 2024, signalling strong underlying support. -vtmarkets.com

Copper prices (Symbol: Copper-C) climbed to $4.21 per pound, marking a crucial recovery and positioning the orange metal for its first monthly gain since May 2024, with a modest 0.5% increase so far in August 2024. -vtmarkets.com

The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high of $0.6823, marking a 3.9% gain for the month. -vtmarkets.com

The U.S. dollar is on track to snap a five-week losing streak, trading near a one-week high against major peers on Friday. This rebound comes as robust U.S. economic data has led traders to pare back their bets on aggressive Federal Reserve interest rate cuts. -vtmarkets.com

Key Points: The British pound saw a pullback retreating from its recent gains against the U.S. dollar. Despite this decline, the pound remains close to its 2024 high of $1.3269. For enthusiasts, limiting the decline to a shallow slide could signal a growing bid for cable, especially given the underlying support from rate differentials. Picture:Continue Reading

Key Points: The Chinese yuan (Symbol: USDCNH) recovered from three consecutive sessions of decline as traders brace for significant economic data releases, including the U.S. inflation report and China’s manufacturing PMI. The movement of the Chinese yuan has largely been constrained within a narrow trading range, with market participants closely monitoring the U.S. dollar andContinue Reading

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 moreContinue Reading

Dear Client, Affected by international holidays, the trading hours of some VT Markets products will be adjusted. Please check the following link for the affected products: Notification of Trading Adjustment in Holiday（Update） Note: The dash sign (-) indicates normal trading hours. Friendly Reminder: The above data is for reference only, please refer to the MT4/MT5Continue Reading