Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

this page

Fears of upcoming rate hikes causes stocks to fall on Friday


Significant events to watch:

-New Zealand (NZD): Interest rate decision

-CANADA (CAD): Interest rate decision


New Zealand (NZD): Interest rate decision – The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.  New Zealand’s interest rate was set at 5.50%.

The report is due Wednesday, 12 July 02:00 GMT

CANADA (CAD): Interest rate decision – Bank of Canada (BOC) governing council members come to a consensus on where to set the rate.Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.  Canada’s interest rate is set at 4.75%.

The report is due Wednesday, 12 July 14:00 GMT

UK (GBP): GDP (MOM) – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.  The UK’s month on month GDP rose to 0.2%.

The report is due Thursday, 13 July 06:00 GMT

Risers and Fallers

-Dow Jones  (-0.55%)

-Meta Inc. (-0.50%)

-Alibaba Group (+8.00%)

-XAUUSD (+0.74%)

Dow Jones – The Dow Jones declined 0.55% on Friday, and 1.56% in the last five days. Stocks took a dive on Friday as traders fear further rate hikes. The DJI is trading at 33,734.89.

Meta Inc. (NASDAQ: META) – Meta Inc. stocks declined 0.50% on Friday, reaching a daily high and low of $296.20 and $288.66, respectively. Meta launched its new app Threads last Wednesday with over 70 million users joining the platform. Meta stock is trading at $290.53 per share.

Alibaba Group Holdings (NYSE: BABA)  – Alibaba stocks increased 8.00% on Friday. This rise in shares follows Chinese regulators fining Ant Group over $1 billion. BABA owns a third of the tech company. The news of the penalty caused BABA’s shares to soar. Alibaba is trading at $90.55.

XAUUSD – The price of gold increased 0.74% on Friday. It made a high of 1934.82 and a low of 1909.69. Gold is currently trading at 1924.48.

Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus


Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]