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].

Keuntungan S&P 500 selama empat suku berturut-turut telah mengekalkan penguasaan pihak bull, namun data inflasi minggu ini mungkin menjadi ujian penting sama ada momentum itu masih mampu bertahan.

Dengan hampir semua syarikat dalam S&P 500 telah melaporkan keputusan suku ketiga mereka, keuntungan keseluruhan meningkat sekitar 13.1% tahun ke tahun, jauh mengatasi unjuran awal sebanyak 7.9%. Kira-kira 82% syarikat melebihi jangkaan pendapatan sesaham, menandakan suku keempat berturut-turut dengan pertumbuhan keuntungan dua angka.

Sektor teknologi dan kewangan menjadi penyumbang utama, masing-masing mencatat pertumbuhan keuntungan lebih 20%, disokong oleh peningkatan pelaburan dalam AI, pendapatan yuran yang kukuh, serta kawalan kos yang berhati-hati. Syarikat industri dan utiliti turut menunjukkan peningkatan dua angka yang kukuh, manakala sektor penjagaan kesihatan dan barangan pengguna mencatat pertumbuhan satu angka yang lebih sederhana.

Namun, unjuran untuk suku terakhir tahun ini menunjukkan tanda-tanda ianya akan menjadi perlahan. Pertumbuhan keuntungan dijangka mereda kepada sekitar 7–8%, manakala pertumbuhan hasil pula sederhana kepada 7.1%. Penganalisis menjangkakan pertumbuhan EPS tahunan sekitar 11.6% bagi tahun 2025, tetapi kadar pertumbuhan yang semakin perlahan menjelang hujung tahun mencerminkan panduan hadapan yang lebih berhati-hati.

Kira-kira 58% syarikat yang memberikan panduan suku keempat telah menurunkan jangkaan mereka, satu corak yang sejajar dengan trend tahun-tahun sebelumnya.

Penilaian Tinggi Ketika Risiko Meningkat

Nisbah harga kepada pendapatan (P/E) hadapan S&P 500 kini berada sekitar 22.7, lebih tinggi daripada purata lima tahun sebanyak 20. Penilaian tinggi ini mencerminkan keyakinan berterusan bahawa margin keuntungan yang kukuh akan kekal, namun dengan margin kini menghampiri paras tertinggi pasca pandemik sekitar 13%, ruang untuk pengembangan lanjut agak terhad.

Sekiranya angka inflasi yang akan datang kekal melebihi paras tahunan 3%, pedagang mungkin mula menilai semula jangka masa pemotongan kadar faedah oleh Federal Reserve, yang boleh memberi tekanan kepada penilaian yang sudah tinggi. Sebaliknya, bacaan CPI yang lebih lembut mungkin menghidupkan semula selera risiko dan mengekalkan momentum dalam sektor teknologi serta saham berkitaran.

Pergerakan Pasaran Minggu Ini

S&P 500 (SPX)

– Indeks meneruskan kenaikan selepas musim laporan kewangan yang kukuh, menguji rintangan jangka pendek sekitar 6810.

– Kekuatan berterusan di atas paras ini boleh membuka ruang ke arah 6900, manakala sokongan awal berada berhampiran 6640.

– Pedagang disaran memerhatikan keputusan CPI bagi mengesahkan arah sentimen.

Emas (XAUUSD)

– Emas kekal dalam julat berhampiran $4,000, berlegar selepas lonjakan minggu lalu.

– Tindakan harga bearish mungkin muncul berhampiran $4,070 atau $4,120.

– Bacaan CPI yang lemah boleh mengangkat harga emas apabila dolar melemah.

GBPUSD

– Pound diniagakan di atas 1.3120, dengan potensi pengukuhan sekitar 1.3100.

– Data KDNK UK dan CPI minggu depan boleh menentukan hala tuju jangka pendek pound.

– Momentum bullish kekal jika harga bertahan di atas 1.3225.

Bitcoin (BTCUSD)

– Bitcoin melonjak semula daripada 100,770, menyasarkan rintangan 104,552.

– Penembusan bersih di atas paras itu boleh membawa kepada pembetulan sebelum kenaikan selanjutnya.

– Pantau isyarat “risk-on” selepas data CPI bagi potensi lonjakan volatiliti.

Acara Penting Minggu Ini

13 November

1. KDNK UK m/m, Ramalan: 0.00%, Sebelumnya: 0.10%

Pasaran menunggu petunjuk kelembapan ekonomi UK selepas kelembutan pada suku ketiga. Sebarang pengecutan boleh memberi tekanan kepada GBP.

2. CPI AS y/y, Ramalan: Tiada, Sebelumnya: 3.00%

Inflasi kekal menjadi tumpuan bagi jangkaan dasar Fed. Bacaan yang lebih lembut boleh mengukuhkan jangkaan pemotongan kadar.

14 November

1. PPI AS m/m

Data sementara; pedagang memerhatikan trend kos pengeluar yang boleh mempengaruhi inflasi pengguna.

19 November

1. CPI UK y/y

Inflasi kekal menjadi kunci dasar Bank of England; bacaan yang tinggi boleh mengurangkan jangkaan pemotongan kadar.

Untuk senarai penuh acara ekonomi akan datang, semak Kalendar Ekonomi VT Markets.

Tinjauan Pasaran

Kenaikan S&P 500 dipacu oleh musim laporan kewangan yang kukuh, tetapi dengan penilaian yang sudah tinggi dan data inflasi penting yang akan datang, pedagang kini bersedia menghadapi potensi volatiliti. Laporan CPI dan PPI yang akan datang boleh menentukan sama ada keyakinan terhadap keuntungan korporat mencukupi untuk mengimbangi kebimbangan terhadap kadar faedah, atau jika penilaian tinggi mula mengekang semangat pasaran.

Jika inflasi kekal reda, sentimen risiko mungkin terus positif hingga hujung tahun, mengekalkan minat terhadap saham teknologi dan kewangan. Namun, bacaan inflasi yang lebih tinggi boleh mengubah nada pasaran, mengukuhkan dolar AS dan mendorong pelabur menilai semula pendedahan ekuiti mereka menjelang mesyuarat dasar penting Disember ini.

Buka akaun perdagangan live VT Markets anda hari ini dan mula berdagang.

JAKARTA, INDONESIA, 10 November 2025 — VT Markets has reaffirmed its dedication to driving meaningful growth across Asia by completing a CSR donation to MI Al Ikhlash Jatipadang, a primary school in Indonesia. This initiative follows the CSR commitment announced during the company’s event in July and reflects the brand’s focus on delivering long-term, positive impact within the region.

As part of this overall initiative, VT Markets donated footballs to the various schools in Asia, with the intention of creating more opportunities for youths to enjoy physical activity, develop teamwork, and experience the joy of football.

When the footballs arrived at MI Al Ikhlash Jatipadang, teachers shared that the students’ excitement was instant. The schoolyard was quickly filled with energy and laughter, showing how a simple act can inspire motivation and joy.

This programme supports VT Markets’ broader commitment to education and youth development across Asia. Every CSR initiative is guided by intention – to create lasting value and provide environments where students are encouraged to learn, grow, and imagine their future.

As VT Markets continues to expand its footprint globally, driving impact to local communities remains central to its identity. Additional CSR initiatives are already underway across the region and beyond, reflecting the company’s ongoing dedication to ensuring that progress is shared and meaningful.

About VT Markets

VT Markets is a regulated multi-asset broker with a presence in over 160 countries as of today. It has earned numerous international accolades including Best Online Trading and Fastest Growing Broker. In line with its mission to make trading accessible to all, VT Markets offers comprehensive access to over 1,000 financial instruments and clients benefit from a seamless trading experience via its award-winning mobile application.

For more information, please visit the official VT Markets website or email us at [email protected]. Alternatively, follow VT Markets on Facebook, Instagram, or LinkedIn.

For media enquiries and sponsorship opportunities, please email [email protected], or contact:

Dandelyn Koh

Head of Global Marketing

[email protected]

Brenda Wong

Assistant Manager, Global PR & Communications

[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].

Sydney, Australia, 11 November 2025 – VT Academy, the educational platform from VT Markets, has officially relaunched its learning portal, marking the next chapter in its mission to close the global financial literacy gap and empower traders to thrive in an increasingly complex market environment.

Financial literacy remains a global challenge, with the OECD/INFE 2023 survey showing only 34% of adults in 39 countries meeting the minimum proficiency score of 70/100, which highlights that many are ill-equipped to navigate today’s complex financial environment. At the same time, the World Economic Forum reports 2.3 billion people remain underserved by traditional financial services, driving a surge in the adoption of alternative products such as cryptocurrencies. This shift underscores the urgent need for accessible, practical education to help individuals make informed decisions across both traditional and emerging financial markets.

These statistics emphasize the critical need for accessible, regionally relevant financial education. VT Academy is committed to addressing this gap by providing free tailored content that helps traders build skills, manage risks, and make informed decisions in today’s complex financial landscape.

This relaunch builds on the momentum of VT Markets’ The Trading Vault webinar series hosted by Ross Maxwell, Global Strategy Operations Lead at VT Markets, which has been widely praised for delivering clear, actionable insights to global traders. The series’ strong reception reaffirmed the demand for high-quality, accessible trader education and set the stage for VT Academy’s expanded curriculum.

“In today’s fast-moving financial landscape, knowledge is a trader’s most valuable edge,” said Ross Maxwell, Global Strategy Operations Lead at VT Markets. “The relaunch of VT Academy brings our commitment to the life by delivering tailored, practical education that empowers traders. From navigating market volatility to seizing opportunities in the digital asset space, we’re giving them the skills, strategies, and confidence to succeed,” he adds.

With a curriculum designed to cater to traders of all levels, VT Academy offers courses that range from beginner to advanced, providing localized, engaging, and practical content. As the global trading environment continues to evolve, VT Academy’s courses are continuously updated to reflect these changes.

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].

Harga emas mengukuh pada hari Jumaat, menghampiri semula paras utama AS$4,000 apabila dolar AS yang lebih lemah dan tanda-tanda kelemahan dalam pasaran buruh menghidupkan semula jangkaan Federal Reserve akan melaksanakan satu lagi pemotongan kadar faedah sebelum akhir tahun ini.

Penutupan kerajaan AS yang berpanjangan telah menjejaskan aliran data ekonomi rasmi, menyebabkan pedagang bergantung kepada tinjauan sektor swasta yang menunjukkan pasaran pekerjaan sedang perlahan.

Emas spot naik 0.5% kepada AS$3,996.72, manakala niaga hadapan meningkat 0.3% kepada AS$4,004.40. Pedagang kini semakin yakin dengan dasar monetari yang lebih longgar, dengan pasaran menetapkan kira-kira 69% kebarangkalian pemotongan kadar faedah pada mesyuarat Fed 10 Disember ini.

Emas, yang tidak memberikan hasil faedah, cenderung untuk mencatat prestasi lebih baik apabila kos pinjaman rendah. Gabungan data ekonomi yang lemah dan kebuntuan politik di Washington telah mendorong pelabur mengambil pendekatan lebih berhati-hati.

Kelemahan Pasaran Buruh Meningkatkan Permintaan Aset Selamat

Data terkini menunjukkan ekonomi AS kehilangan pekerjaan pada bulan Oktober, terutamanya dalam sektor kerajaan dan peruncitan, sejajar dengan peningkatan pemberhentian kerja yang berkaitan dengan automasi dan langkah penjimatan kos. Data daripada Challenger menunjukkan peningkatan ketara dalam jumlah pemberhentian kerja yang diumumkan, mengukuhkan lagi naratif bahawa pasaran buruh sedang perlahan.

Hasil Treasury AS 10 tahun, yang mencapai paras tertinggi dalam sebulan pada Khamis, kemudiannya menurun apabila pelabur kembali ke pasaran bon dan emas. Dengan pasaran saham berada di bawah tekanan, emas kembali bangkit sebagai lindung nilai terhadap ketidaktentuan dasar dan turun naik ekuiti.

Analisis Teknikal

Emas (XAU/USD) berlegar berhampiran paras AS$4,000, pulih daripada penurunan awal apabila minat membeli mula kembali. Pada carta 15 minit, logam berharga ini kelihatan sedang mengukuh selepas mencapai paras tertinggi harian sekitar AS$4,019, dengan moving average jangka pendek (5, 10, 30) mula bertemu, satu isyarat potensi kestabilan harga.

Penunjuk MACD telah menembusi zon positif, menunjukkan momentum kenaikan mungkin sedang kembali selepas pembetulan sementara.

Kenaikan terbaru ini menonjolkan semula aliran masuk ke aset selamat, didorong oleh data pekerjaan AS yang lemah dan jangkaan dovish menjelang mesyuarat Fed Disember. Pasaran kini menetapkan kira-kira 60% kemungkinan pemotongan kadar, manakala ketegangan geopolitik yang berterusan di Timur Tengah turut menyokong harga emas.

Namun begitu, kekuatan dolar AS dan ketahanan Treasury AS masih menjadi cabaran jangka pendek, menghalang emas daripada menembusi paras rintangan AS$4,020–AS$4,030 dengan jelas.

Sekiranya emas kekal di atas paras AS$3,990, pembeli mungkin cuba menguji semula paras tertinggi baru-baru ini dan berpotensi menyasarkan AS$4,050. Kegagalan untuk mengekalkan paras ini pula boleh membawa kepada penurunan ke arah AS$3,950, di mana pengambilan untung yang lebih mendalam mungkin berlaku.

Buat masa ini, sentimen kekal berhati-hati tetapi positif. Trend jangka panjang emas masih utuh, namun pergerakan besar seterusnya akan bergantung pada bagaimana Fed menetapkan arah dasar monetarinya dalam beberapa minggu akan datang.

Prospek

Sekiranya data pekerjaan terus menunjukkan kelemahan dan Fed memberi isyarat lebih fleksibel terhadap kadar faedah, emas berpotensi melanjutkan kenaikan ke julat AS$4,050–AS$4,080. Penembusan kukuh di atas AS$4,020 akan mengukuhkan momentum kenaikan dan membuka peluang untuk menguji semula paras AS$4,100.

Sebaliknya, jika pembuat dasar mengambil pendirian lebih berhati-hati atau hasil bon meningkat semula, emas mungkin akan mendatar antara AS$3,950–AS$4,000 dalam jangka pendek. Selagi harga kekal di atas AS$3,940, trend keseluruhan masih menunjukkan hala tuju menaik sederhana.

Buka akaun live VT Markets anda hari ini dan mula berdagang.

Dear Client,

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

Maintenance Details:

Please note that the following aspects might be affected during the maintenance:
1. The price quote and trading management will be temporarily disabled during the maintenance. You will not be able to open new positions, close open positions, or make any adjustments to the trades.
2. There might be a gap between the original price and the price after maintenance. The gaps between Pending Orders, Stop Loss, and Take Profit will be filled at the market price once the maintenance is completed. It is suggested that you manage the account properly.
3. During the maintenance period, VT Markets APP will not be available. It is recommended that you avoid using it during the maintenance.
4. During the maintenance hours, the Client portal will be unavailable, including managing trades, Deposit/Withdrawal and all the other functions will be limited.

The above data is for reference only. Please refer to the MT4/MT5 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]

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].