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Forex Forex News by ForexMart

Discussion in 'Forex Forum' started by Andrea ForexMart, Oct 7, 2016.

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  1. Andrea ForexMart

    Andrea ForexMart Member

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    Private Sector Positive Growth Pushes Inflation Higher


    The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.


    The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.


    The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.


    On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.


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  2. Andrea ForexMart

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    Greenbacks Weakened as Japanese Yen Strengthened


    On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.


    The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.

    Almost of the U.S. markets were not in operation last Monday due to Labor Day.


    The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea


    The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.


    The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.


    Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.


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  3. Andrea ForexMart

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    German Economy Slacken Due to Increasing Radicalism


    After more than two decades of reunification, the former Communist east moved slowly behind the west German states, according to the government. It also showed some warnings regarding social gap and the risk of being radicalized.


    The high employment record, improved job security, and increasing wages bolstered the consumer-driven growth of the German economy. This helped Chancellor Angela Merkel to gain the victory for her fourth term in office during the federal election on September 24.


    As shown in the annual report of the government, the current status of German unity indicate rising level of life satisfaction in the east for the past decade, however, the division between the economic strength of the east and west is tightening very slowly.


    The GDP per head in the eastern states slacken against the west by 27 percent, while jobless rate came in at 8.5 percent in 2016, this surpasses the national average at 5.7 percent as laborers receive lower salary.


    The East Germany strongly supports the anti-immigrant Alternative for Germany (AfD) party because of its role during public angst as many refugees dominated the country, transferring jobs and resources from Germans.


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  4. Andrea ForexMart

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    Economic Calendar (Friday, September 8, 2017)


    Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.


    ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.


    A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.


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  5. Andrea ForexMart

    Andrea ForexMart Member

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    The current Money Fall contest has already started on September 11, 2017 and will end on September 15, 2017.


    You can register for the next competition which will take place from September 18, 2017 to September 22, 2017


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


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  6. Andrea ForexMart

    Andrea ForexMart Member

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    Australian Dollar Up Against the USD due to Hurricanes


    The national currency of Australia is predicted to maintain its stance near the two-year highs, as the American dollar is expected to be under pressure due to economic downfall assessed by investors in line with the destructive hurricane that hit the shores of Florida.


    On Friday, the Aussie dollar was able to reach its highest level since May 2015 while investors are preparing for further impact by Hurricane Irma as the forecast says, it will slam the Florida Keys along with some flooding in Florida’s Gulf Coast.


    Lloyd’s of London fears for the possible insurance losses worth $US 200 billion ($248.22bn) as tropical cyclones brush off through the coasts of the United States and the Caribbean.


    The reversal in the residential construction activity seems evident, as Westpac chief economist Bill Evans worries about the declining growth outlook based on the Reserve Bank’s report regarding monetary policy previously.


    The bank further mentioned the increasing charges of stamp duty from foreign investors, as well as funding restrictions and Chinese government restraints that mainly influence future developments, particularly on international companies.


    On Thursday, job statistics for this month will provide a break point for markets and the NAB’s economics team anticipates for a strong and steady month of the jobless rate at 5.6 percent. While tomorrow is scheduled for the publication of the bank’s Business Survey which would likely continue to show solid levels of business confidence. Moreover, the Westpac consumer confidence index will be issued on Wednesday and expected to remain weak. It should be watched carefully because of the impact cause towards the retail-exposed stocks, as the dollar seems trading actively.


    The greenbacks were able to lose its gains on the back of touching its two-year high at US81.25c last Friday, however, it closed over the critical level of US80c.


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  7. Andrea ForexMart

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    C$ Rose as Canadian Bond Yields Increased


    The Canadian currency strengthened yesterday against the American dollar, for it gained support from Canadian bond yields on the back of the sudden decision by the central bank last week regarding the rate hike that shocked investors.


    This is because of the series of strong economic news that triggered the Bank of Canada to increase rates for the second time after three months, but this action bolstered the loonie to reach almost 2 percent higher.


    Moreover, the two-year yield surged by 99 basis point in May and was able to achieve its highest level at 1.643 per cent recorded on June 2011. The yield is currently at 1.548 percent.


    The loonie is trading at $1.2119 (82.52 U.S. cents) to the US dollar and is higher by 0.3 percent. The Canadian currency successfully outperformed its major counterparts and trades within the marks of $1.2098 to C$1.2170 and reached its strongest stance at C$1.2063 since May 2015. The prices of government bonds declined below the yield curve due to lowering demand for safe-haven government bonds.


    While the 10-year yield slumped by 35 Canadian cents (2.025 percent) and obtained its highest intraday at 2.042 percent on July 31st.


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  8. Andrea ForexMart

    Andrea ForexMart Member

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    German Economy Gained More Than Two Percent in 2017, says BDI


    The economy of Germany is expected to increase by more than 2 percent this year, with further adjustments on calendar effect According to the BDI industry association, this could be the strongest rate in six years after increasing its growth outlook for the biggest economy of the European Union.


    The forecast comes after a muted message by the Economy Ministry, stating that the country might have slower growth during the second half amid the breakthrough for the first half.


    The German economy would likely have an upswing due to consumer-driven factors including the extremely low borrowing costs, high level of employment and increasing real wages.


    Moreover, these factors may support Chancellor Angela Merkel to gain victory for her fourth term during the federal election on September 24.


    The ministry is very careful before publishing any forecast as indicated in its monthly report, stating that the development will continue until December but it is possible that dynamics will weaken.


    So far, the growth forecast for this year remains unadjusted at 1.5 percent by which will be revised to 1.8 percent due to calendar-adjusted basis. However, analysts hope that the government will further lift the rate in autumn.


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  9. Andrea ForexMart

    Andrea ForexMart Member

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    ForexMart Launches Web Terminal for Traders


    We have launched a trading web terminal which will be available to all ForexMart clients.


    This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.


    The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.


    The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit <here> or you can contact our customer service at [email protected]
     
  10. Andrea ForexMart

    Andrea ForexMart Member

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    Collaboration of Indian and Japanese Economy


    The Prime Minister of Japan, Shinzo Abe will visit India to begin the bullet train project, as well as to improve the commercial ties between Japan and India, especially in the field of development and defense.


    The scheduled arrival of the Japanese PM is on Wednesday and intended to stay for two days to discuss trade dealings along with the annual summit involving the two countries. PM Abe and PM Narendra Modi are working on the 508-km long rail bullet train project called as the Mumbai-Ahmedabad High-Speed Rail, and the two leaders will design the foundation stone on Thursday. This project is estimated to complete by 2023 with an entire capability to run by 350 km per hour.


    The Japan Investment Cooperation Agency (JICA) financed this project by 80 percent as a soft loan with a very low-interest rate on a 50 year period. It could further lessen the time spent in traveling from Mumbai to Ahmedabad which is from seven hours down to two hours time travel. The remaining Rs 9,800 crore amount of funding will be carried by Indian Railways, which makes this project an expensive one.


    Japan’s Shinkansen Technology will fly to India and made advancement under the scheme of Make in India, says Railway minister Piyush Goyal.


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  11. Andrea ForexMart

    Andrea ForexMart Member

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    This week’s most popular deal:


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  12. Andrea ForexMart

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    Emerging Markets Shift To Domestic Bonds


    The bond market became stronger amid all the external shocks and rise in general levels of debt in the emerging market as investors shifted to longer-dated bonds and domestically-issued bonds.

    It has been forecasted by the Bank for International Settlement that the rise in debt levels would become a new problem which has been forewarned before. Although, the changes would still depend on the structure and assuage the problem at hand. Nevertheless, borrowing is mostly executed in local currencies at long-term maturities with a fixed rate. Foreign bonds declined from 32 percent since the end of 2001.


    These would reinforce the viability of public finance and lessen rollover risks and imparity of currencies as stated by the BIS. Longer tenor bonds would result in higher bond yields internationally since advanced countries implemented loose credit policies and interest rates would push the price lower for long-dated bonds compared to short-term tenor.


    According to the most recent report on Sunday, the government debt in emerging markets is aggregated to be at $11.1 trillion which has doubled in value since the latter part of 2007. On the other hand, the public debt partly contributing to the gross domestic product soared by 51 percent and 10 percentage points higher by the end of 2007. At the same time, statistics showed that bond maturities have firmly increased over the emerging markets with the average maturity of 7.7 years including 23 countries such as Mexico and South Africa. Notably, this is just a bit lower than the average figure in 8 years among industrialized nations.


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  13. Andrea ForexMart

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    Economic Calendar (Wednesday / September 20,2017)


    Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.


    ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.


    A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.



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  14. Andrea ForexMart

    Andrea ForexMart Member

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    France’s Budget Easing Amid Steady Economic Growth


    The path to recovery of France is strong that the government could reduce spending without affecting the rise of the deficit and the budget as reported by the finance minister on Monday. Twenty billion euros is the target amount of the government but this figure could still be trimmed if there will be a stronger growth and less tightening in the budget next year. On the other hand, the estimated value of cuts for next year will be 16 billion.

    In the past, former governments were criticized on their excessively high growth forecasts which are reflected on budget and deficit-reduction. According to the Budget minister Gerald Darmanin, the basis of the initial budget for the President Macron’s administration is the forecast of 1.7 percent. Although he said that this could still improve but this what the current economists anticipate. The assumed 1.7 percent is slightly higher from the previous government forecast of 1.6 percent which is deemed to be the strongest economic performance since 2011.

    In the current condition, the government has minimal options but to be stricter in order to achieve the promise of reducing the public deficit and also to lessen tax burden of the nation.


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  15. Andrea ForexMart

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    NZ Economy Expansion, Rise In GDP Q2


    The seasonally adjusted Gross Domestic Product of the New Zealand increased by 0.8 percent in the second quarter as reported to the data on Thursday. It was updated from 0.6 percent in the previous quarter. On the other hand, the annual GDP remained unchanged at 2.5 percent.


    This increase was mainly due to the high demand in tourism as more travellers visit the country primarily to take part in the British and Irish Lions rugby tour and the World Master’s games. At the same time, both the retail spending and hotel bookings went up by 2.8 percent.


    A senior economist predicted that the next quarter will reach the peak of growth with the sudden flock of people in tourism as an initial boost and “rebound” in transport and agriculture sector. Although, the 0.8 percent quarterly increase is not a striking figure as he mentioned.


    The course of growth is in line with the predictions from analysts but it is a bit lower than the forecast 0.9 percent of the central bank. There is a low chance for data on Thursday to affect the decision of the Reserve Bank of New Zealand and will still go with the course of keeping the borrowing rates at record low of 1.75 percent. Currently, the economy of New Zealand implies that there is growth following along the forecast in August Monetary policy meeting forecast.


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  16. Andrea ForexMart

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    ForexMart App is Now Available on Mobile


    You can now use the ForexMart application on mobile.


    We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.


    More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.


    ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.


    Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!
     
  17. Andrea ForexMart

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  18. Andrea ForexMart

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    Japan’s Manufacturing PMI for September Perk up


    The manufacturing activity of Japan increased in September at its fastest pace within four months, along with the expansion of exports and domestic orders, indicated in a preliminary private survey on Monday, and further showed some signs of strengthening demand.


    The Markit/Nikkei Japan Manufacturing Purchasing Managers’ Index (PMI) was able to grow to a seasonally adjusted 52.6 for this month versus the previously 52.2 in the month of August. The PMI remained on top of the threshold 50 that detaches expansion contraction from the 13th consecutive month and drove towards its highest level in May.


    Annabel Fiddes, a principal economist at IHS Markit, conducted the survey and said that “Firms signaled stronger expansions in both output and new orders amid reports of firmer demand both at home and abroad.” Fiddes also mentioned that the third quarter ended strong which provided positive signs for production for the following months, as business confidence picked up marginally since last month.


    New export orders index expand from 51.3 to 53.1 initially. The flash index for new orders climbed to 52.5 versus 51.9 results in August. PMI index output component further grew since August.


    The PMI survey adheres with government figures issued last week, as Japanese exports in August perked up at its fastest in almost four years caused by the strong international demand. There is more evidence offered that shows Japan’s economy will continue growing.


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  19. Andrea ForexMart

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    Oil Steady Gains Amid Pressure In Market Rebalancing


    The oil market is under pressure because of a surge in U.S. dollar but kept their profits from the former session. This was mainly due to the major meeting from producers in Vienna which aims to rebalance their asset allocation.


    Since the beginning of 2017, members of the Organization of the Petroleum Exporting Countries including other oil producing countries such as Russia reduced the output by 1.8 million barrels per day. This action is helpful in easing of global crude inventories towards OPEC’s target of the five-year average.


    The London Brent crude for November delivery declined by 4 cents at $56.82 a barrel by 0614 GMT which is close to the highest rate since the third month of the year. On the other hand, the U.S. crude market for November delivery dropped by 10 cents at $50.56 but not too far from the latest four-month highs.


    The WTI crude decreased to the same month of Brent futures reached $6.28 which has been extensive since August 2015 and further pressured damages incurred by the U.S. refineries following the hurricane disaster.


    The dollar index rose by 1 percent against other currencies. The euro declined following the rally in Germany after the election which demonstrates support for the far-right party and prompted Chancellor Angela Merkel to be in opposition.


    The energy minister from Russia publicized that there is no agreement yet on the extension of output reduction after March. Yet, this is anticipated before January and this decision is anticipated before the year ends.


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  20. Andrea ForexMart

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    Chinese State-owned Firms Higher Gains Until August 2017


    State-own companies in China had an increase in profit gains by 21.7 for last month compared to the same period for the year of 2016, as stated by the Ministry of Finance on Tuesday. The collated profits were 1.9 trillion yuan or $287.27 billion for the eight months of the year since January. As for the revenue, it climbed 15.5 percent to 33.08 trillion yuan. Yet, the debts of state firms soared 11 percent to 96.49 trillion yuan set side by side to the previous year at the end of August.



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