Important Information

You are visiting the international Vantage Markets website, distinct from the website operated by Vantage Global Prime LLP
( www.vantagemarkets.co.uk ) which is regulated by the Financial Conduct Authority ("FCA").

This website is managed by Vantage Markets' international entities, and it's important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

You will not be guaranteed Negative Balance Protection
You will not be protected by FCA’s leverage restrictions
You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
You will not be protected by Financial Services Compensation Scheme (FSCS)
Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

1.The website is owned by Vantage Markets' international entities and not by Vantage Global Prime LLP, which is regulated by the FCA.
2.Vantage Global Limited, or any of the Vantage Markets international entities, are neither based in the UK nor licensed by the FCA.
3.You are accessing the website at your own initiative and have not been solicited by Vantage Global Limited in any way.
4.Investing through this website does not grant you the protections provided by the FCA.
5.Should you choose to invest through this website or with any of the international Vantage Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Vantage wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Vantage entity.

I confirm my intention to proceed and enter this website Please direct me to the website operated by Vantage Global Prime LLP regulated by the FCA in the United Kingdom

Important Information

By providing your email and proceeding to create an account on this website, you acknowledge that you will be opening an account with Vantage Global Limited, regulated by the Vanuatu Financial Services Commission (VFSC), and not the UK Financial Conduct Authority (FCA).

Please enter a valid email address

Please tick all to proceed

I acknowledge that I am signing up for an account with Vantage Global Limited, regulated by the VFSC, and not with the FCA, at my own discretion.
Please tick the checkbox to proceed
I understand that I have the option to sign up for an account through vantagemarkets.co.uk, which is regulated by the FCA.
Please tick the checkbox to proceed

Proceed Please direct me to website operated by Vantage Global Prime LLP regulated by the FCA in the United Kingdom

Access Restricted

Your access to this website is restricted.

Our website and services are not available to, and are not intended for, individuals who are citizens or residents of the United States, or entities incorporated in or conducting business within the United States.

If this does not apply to you and you believe you have received this message in error, please contact us at support@vantagemarkets.com for further assistance.

If you fall into any of the above categories, please exit the site.

Important Information

Thank you for visiting the Vantage Markets website. Please note that this website is intended for individuals residing in jurisdictions where accessing it is permitted by Vantage and its affiliated entities do not operate in your home jurisdiction.

By clicking 'I CONFIRM MY INTENTION TO PROCEED AND ENTER THIS WEBSITE', you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website based on reverse solicitation principles, in accordance with the applicable laws of your home jurisdiction.

I CONFIRM MY INTENTION TO PROCEED AND ENTER THIS WEBSITE

Partnership

Language

English - Global

English - Global

All

Trading

Platforms

Academy

Analysis

Promotions

About
Search query too short. Please enter a full word or phrase.

Keywords

Customer Service Delivers 24 / 7 Support

Frequently Asked Questions
View all

Helpful US data helps risk and stocks rally

Headlines

* Global stocks rise with dollar, yields as data calms nerves

* Gold jumps, bitcoin soars back above $59,000

* US 10-year Treasury yield moves up to 4%, back above last Friday’s levels

* JP Morgan raises odds of US recession by year end to 35%

FX: USD was bid for a third consecutive day as it settled right on Mondays open. The weekly initial jobless claims printed lower than expected. A higher figure would have added to fears of rising unemployment and a Fed response. US Treasury yields rallied with the 10-year touching 4% again. CPI data is the focus next week.

EUR fell for a third straight day, something we haven’t seen since 11 June as it printed a wide legged doji. There were no major data points out of the eurozone.

GBP saw buyers again at the 100-day SMA at 1.2683. The halfway point of the April to July move sits at 1.2669.

USD/JPY initially dipped but risk taking resumed during the US session helping the currency major. Resistance is 148.68 and support at 144.58.

AUD outperformed with risk sentiment buoyant. Prices are heading towards the 100-day and 200-day SMAs around 0.66. Hawkish comments from RBA Governor Bullock helped set the tone, saying the bank will not hesitate to hike if needed. USD/CAD fell for a fourth day but can’t yet break the 50-day SMA at 1.3719. The rebound in the risk mood continues to help pro-cyclical currencies. Attention turns to the job numbers out later today.

US Stocks: US markets continued their rebound once more, closing the gaps from Monday’s wild price action. Positive US data boosted risk sentiment. The benchmark S&P 500 closed 2.3% higher at 5,319. The tech-laden Nasdaq 100 finished up by 3.1% at 18,414. The Dow Jones settled 1.8% higher at 39,447. The VIX, Wall Street’s fear gauge, closed lower at 23. All sectors were positive with tech and communication services leading the gains. Drugmaker Eli Lilly soared 9.5% as it beat on profit and revenue, together with stronger than expected guidance.

Asian stock futures are positive. Asian stocks were mixed after the weak day on Wall Street. The ASX 200 lagged on soft commodity-related stocks. The Nikkei 225 tanked early on, dropping 2.5% before recovering. The Hang Seng and Shanghai Composite both pared early losses with the former back towards the 17,000 psychological level.

Gold picked up even though the dollar and yields were bid. Gold, usually a safe haven during times of uncertainty, sold off sharply on Monday and the following two days, amid likely liquidations to cover margin calls on other assets.

Day ahead – China Inflation & PPI, Canada jobs

China CPI is seen ticking two-tenths higher to 0.4% y/y in July. PPI is forecast to remain negative so in deflation at -0.9% from the prior -0.8%. The release will be watched as a gauge of demand in the Chinese economy.

The BoC has been one of the most dovish major central banks, already cutting interest rates twice and signaling that more reductions may be on the way. Investors are convinced that a third consecutive 25bps cut will be delivered in September and a soft employment report may seal the deal. The headline print is forecast to come in at 28,700, better than the prior net loss of 1,400 jobs. The unemployment rate is seen one-tenth higher at 6.5%. The youth and temps categories are causing major challenges.

Chart of the Day – USD/CNH bounces from strong support

Worries about a slowdown in the US economy are intensifying – was NFP a one-off very weak report or will the soft landing become a hard one? Yesterday’s better jobless claims will not be part of the next NFP data. A mixed looking USD has also been missing out on the bid for safety to some extent. Regarding China, the central bank has been lowering its daily yuan guidance, but with a bias pointing to some allowance for depreciation.

USD/CNH peaked above 7.30 early in July. Prices then collapsed after last Friday’s all-round softer than expected monthly US jobs data. That sharp move broke down through the 200-day SMA, now at 7.2228. Manic Monday’s spike lower took the pair to levels last seen at the end of last year. That strong support zone around 7.10 saw prices bounce back up to the 38.2% retracement level at 7.1730. The next upside target is 7.1974.