Forex Forex News by ForexMart

The current contest has already started on February 13, 2017 and will end on February 17, 2017.

You can register for the next competition which will take place from February 20, 2017 to February 24, 2017.


Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

Finance Minister Counters the Accusation Against ECB


The European Central has been accused of altering the Euro exchange rate and this is being negated by the French Finance Minister Michel Sapin. They are believed to have a goal in completing trading and attain the competitive policy goals by a significant U.S. authority saying that Germany gains an advantage over grossly undervalued Euro for personal gains.


Europe should still work harder to achieve former status prior to global financial crisis according to Sapin. Germany has to be more committed to restore into a better condition regarding its investments. At the same time, they are hopeful that the new president of the United States will recognize the significance of the European Union relationship with the United States.

 

Inflation in China Open Possibilities for Tighter Policies


Producer price inflation in China has reached figures higher than expected bringing the price close to six-year highs as price of steel and other raw materials surged while Consumer inflation climbed to a three-year high as fuel and food prices rallied on data released on Tuesday. Both prices producer and consumer are expected to reach 6.3 percent and 2.4 percent, respectively for this year.


Some analysts see this price inflation as a short-term rally with rally in the possibility for food prices to be seasonal. Moreover, the increase in price pressure in China has induced speculations of tighter monetary policy this year to boost economic growth and mainly because of credit risks concerns including leverage in the market.

 

The current Money Fall contest has already started on February 20, 2017 and will end on February 24, 2017.

You can register for the next competition which will take place from February 27, 2017 to March 3, 2017.


Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

Thai Economy Records Slowest Annual Growth as Consumption Wanes


Thailand’s economy recorded its slowest growth rate in over a year during the previous quarter as the country’s private consumption waned. Thailand’s GDP data showed an expansion by 3% during the past quarter, its slowest annual recorded move. Thailand’s economy surged by 3.2% in 2016 as compared to 2.5% two years ago. This slow GDP growth was mainly attributed to the death of the Thai king followed by a major crackdown on illegitimate Chinese tourists, which also caused the country’s private consumption to drop. However, the Thai baht was among the best-performing currencies in Asia after it grew by over 2% against the USD.

 

Greece Fears Economic Collapse Amid Debt Crisis


Greek people have withdrawn money from their accounts which exceed to £2billion as they fear the news regarding economic crash which will take place within 45 days. The Hellenic republic was alarmed about the possible scarcity of money in a period of five months because the country is affronted with repayments with an estimate of more than £5.1bn (€6bn), thus the country is unable to pay the total amount without any aid or restructuring.


Greece citizens were forbidden to take more than £1,540 (€1,800) every month from their accounts, however, the currency had continuously depleted at a very fast rate. There are speculations that the Government will fail to pay for the next settlement due in July.


Individuals which involves tourists were strained to wait in line in order to obtain cash from their respective banking machines.

 

UK Policymakers Clamor for more Transparency in Offshore Territories


Policymakers in the UK are pressuring UK PM Theresa May to increase transparency with regards to the business guidelines for offshore territories, including the British Virgin Islands. A total of 80 Parliament members are clamoring for amendments to the Criminal Finances Bill which is slated to be returned to the House of Commons next week. According to these Parliament members, the lack of transparency with regards to the business dealings within offshore territories such as Cayman Islands and Bermuda might be used by criminals as an advantage to hide ill-gotten assets as well as curb tax policies.

 

Brazil Eased Inflation Rate Less than 5 percent in February


Brazil lowered its inflation rate less than 5 percent halfway February for the first time since 2012. This was done to recuperate the economy after its two-year-long recession. The inflation target of Central bank comes in at 4.5 percent and they are open for further price easing. This would also be a big help for President Michel Temer who is seeking support in Congress.


On one side, the consumer prices slowed down quicker than expected which could force the authorities to ease their target for 2019. The reports will be publicized on Wednesday morning (1200 GMT) and at the same time, the central bank is anticipated to curtail its rates by 75 basis points from a two-year low of 12.25 percent.

 

The current Money Fall contest has already started on February 27, 2017 and will end on March 3, 2017.


You can register for the next competition which will take place from March 6, 2017 to March 10, 2017


Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

Expected Shift in Crude Futures as Much as $2B Will Put an End to Oil Glut


In the upcoming week, the passive investment funds are expected to rise to $2 billion from long-term to short-term crude futures, while the energy market surges after OPEC output reduced its supply. This is expected to put an end to global oil glut accumulated over two years of price war. Excessive oil supply in international inventories drove the prices to multiple year lows.


The Brent contract LCOK7 price established at $56.31 a barrel on May, while the LCOM7 price settled at $56.55 a barrel in June.On the other hand, the limit for the West Texas Intermediate crude remains the same. The gap between the first month and the subsequent month on Brent contracts LCOc1-LCOc2 has tightened from 79 cents down to 5 cents. However, both June and December contracts LCOM7-Z7 traded closely on Friday.

 

Consumer Confidence of the Eurozone Plummeted


The consumer confidence of UK for this month declined while the British currency weakened. The prices rose and wage growth dwindled which influenced the Britain’s economic powerhouse.


The monthly household sentiment of GfK had a dipped and stayed below zero for the 10th month. The level for major purchases also decreased which implied that British citizens probably controlled their expenditures.


Another assessment by YouGov coupled with the Centre for Economics and Business Research is the job security index which further decline reaching its lowest result three years ago.


After the Brexit referendum, the private consumption as well as the services industry have compelled the economy, however, it set out some signs of economic strain. During the EU exit, the inflation increased as the energy cost climb higher together with the 16 percent cut in the sterling pound.


Furthermore, the growth of credit had a steep decline in December whilst retail sales inched up at its slowest pace since January 2014.

 

Investors Shift Focus from Trump Statement to Fed Movements


Investors are now shifting their focus from Donald Trump’s Congress address to the timing of the Federal Reserve’s interest rate hike in spite of Trump’s speech lacking significant details. This has been a cause of relief for Japanese investors, since a shift in the market focus would offer some sort of buffer for the Japanese yen, whose value seems to be consistently weakening during the past trading sessions. The JPY increased its losses for the third consecutive day, while Japanese equities posted rallies during the past session.

 

The current Money Fall contest has already started on March 6, 2017 and will end on March 10, 2017.


You can register for the next competition which will take place from March 13, 2017 to March 17, 2017


Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

Philip Hammond to Allocate $676 Million to Boost UK Tech


UK Chancellor Philip Hammond has announced that he will be utilizing Wednesday’s budget to offer more than 550 million pounds or over $676 million sourced from the National Productivity Fund in order to improve the country’s technology and innovation sector. The said funds will be directed to developments in robotics, artificial intelligence, and even electric vehicles, according to a statement released by the Treasury. In addition, Hammond also plans to improve 5G mobile network coverages in UK by way of this particular funding.

 

$1000 Draw


ForexMart clients can now get a chance to win $1,000 by joining ForexMart’s Chance Bonus offer. Simply deposit at least $300 or more in your trading account and you will automatically become qualified for the raffle.


Winners of the Chance Bonus offer will be chosen via random electronic draws. The $1000 is automatically credited every Monday to one of the eligible accounts which met the conditions of the raffle during the previous week. The Chance Bonus offer can also be mixed with other types of ForexMart bonuses. Clients can also opt to cancel their Chance Bonus eligibility by sending us a notification e-mail at [email protected].

 

Australia's Interest Rate Remained on Hold


Australia kept its interest rates steady on Tuesday, March 7, because the property prices of Sydney continued to increase its risk which exceeded a much-lowered inflation rate.


The Governor of Reserve Bank of Australia Philip Lowe concluded together with his board to remain the cash rate at 1.5 percent after a positive growth and optimistic performance in trading for the last three months of 2016. According to the poll led by Bloomberg, the decision were already projected by all 29 economists.


Moreover, the housing demand in Sydney remained stable since buyers settled a property in the city which further ratcheted up debt records.


The central bank decided to maintain its policy despite an extremely high house prices which partially stirred by the increasing population size coupled with the absence of family dwellings constructions.


Furthermore, the country’s economy rose by 1.1 percent in Q4 versus the past three months and the 2.4 percent gained from a year ago.

 

Launching of Czech Version of ForexMart


ForexMart team have upgraded the website by adding a Czech version using the country’s native language. We are glad to introduce the newest Czech translation on (Date), which could help Czech and Slovakian citizens to easily interpret and find important information about the company’s special offers, partnerships and pool of trading instruments.


Clients could simply select the Czech language (or any other required language) by clicking the Czech flag on the language selector found in the upper right of the site.

 

Canada’s Economy Lead Over other G7 Countries


The Canadian economy is expected to gain 2.4% this year with equal expectations as of the United States and in the lead of other countries included in the Group of 7. The estimates were based from the Organisation for Economic Co-operation and Development

(OECD) release.


The international organization formerly mentioned about Canada’s possible economic improvement by 2.1 in 2017, which came in better and still appeared to be modest compared with the previous years of recoveries from economic decline.


The Paris-based institution hike up its projections for the selected biggest economies in the world which further includes USA and China, however, its evaluation for the world economy kept steady at 3.3% versus 3% in 2016.


Furthermore, the report mentioned that the US and Canada would likely outstrip other seven major economies which involve Germany as the next highest among the G7 with 1.8% growth in GDP.


For 2018, it is expected that the U.S. economy will earn 2.8% and 2.2% growth for Canada. Moreover, the forecast for the global economic growth is said to be 3.6%.

 

The current Money Fall contest has already started on March 13, 2017 and will end on March 17, 2017.


You can register for the next competition which will take place from March 20, 2017 to March 24, 2017.


Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

Iceland's Jóhannesson Urges to Cut Interest Rates


Benedikt Jóhannesson, minister of finance in Iceland, have affirmed that the nation’s central bank had to slash interest rates another time in order to ease the pressure weighed on Icelandic krona (ISK) together with the removal of capital controls.


Jóhannesson also mentioned that he does not have any “influence” regarding this decision as the government have taken these actions to lessen the pressure against the economy, as well as to prevent overheating, to the extent of rising of budget surplus.


On one side, the administration hopes that the steps to cool down pressure on krona will be sufficient to realize more foreign investments for the pension funds. The ISK increased by 17 percent versus the European currency on the previous year, it was able to climb higher due to burgeoning record of tourist inflow. On Monday, krona plummeted by 3 percent while bond yields rack up. The recovery of the currency was recorded on Tuesday in the capital city of Reykjavik with an increase of 0.6 percent.


The financial and legislative precautions were implemented as no one can say when will the country would experience the crisis again.