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Forex Forex News by ForexMart

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

  1. Andrea ForexMart

    Andrea ForexMart Member

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    ECN Technology


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    Maximize your opportunities with ForexMart's ECN technology and enjoy the benefits t
     
  2. Andrea ForexMart

    Andrea ForexMart Member

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    Switzerland is the ‘Most Competitive Economy’ in World


    On Wednesday, the World Economic Forum announced that Switzerland hailed the most competitive economy in the world for nine consecutive years. In 2008, the country suffered from a minor shock which enabled the United States to push the Swiss economy in the second spot, nevertheless, the Swiss Confederation was able to maintain the first place due to its adeptness as shown in the annual ranking of WEF.


    Switzerland is on top for nearly a decade but the country is currently at risk due to populism and complacency.


    Aside from Switzerland, the list kept unchanged since last year, except a little bit of shuffling. The United States was able to outpace Singapore for the second place, while Hong Kong is in the sixth rank as it successfully passed three places, going beyond Japan in the ninth place.


    Moreover, the Great Britain lowered down to eighth and the WEF said, this fall has nothing to do with the Brexit process and the slide is already expected. The Chinese economy ranked 27th which is ahead of Russia on 38th and India on the 40th. In addition to it, Yemen is in the 37th position and the poor country got the wooden spoon amid their devastated status due to civil war, economic downturn, and widespread scarcity.



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  3. Andrea ForexMart

    Andrea ForexMart Member

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    Turkish PM Yildirim Agreed to Deal Oil Exports with Iraq


    Iraq disclosed that it will only deal with the Turkey government when it comes to crude oil exports, according to the Iraqi Prime Minister Haider al-Abadi on Thursday. The support of Turkey with Iraq was discussed between the Prime ministers of both countries. Turkish Prime Minister Binali Yildirim phone call conversation entails the affirmation of supporting Iraq to “all decision” which he mentioned, in particular, the “restriction” of oil exports. Although, this was not deliberated in detailed.


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  4. Andrea ForexMart

    Andrea ForexMart Member

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    BOJ Member Kataoka Suggests Monetary Policy Expansion


    Japanese policymakers plan to expand the country’s monetary policies in the recent review in September that sums up the opinions of the Bank of Japan’s board members meeting on Friday. This implies that the divisions are improving directed by the policies.


    Majority of the board members agrees to sustain the current stimulus program even if it would take time to reach the inflation target rate of 2 percent. Although, it was not clear who gave comments in particular and which direction it would go.


    One member, Goushi Kataoka has expressed contradiction on keeping the rates and be hawkish instead, implying that the current policy is not enough to boost the inflation and reach the 2 percent target. He specifically mentions the need for an expansion of monetary easing since the sales tax are expected to be increased in October 2019 moving towards the goal.


    Some members raised concerns regarding the serious problem of North Korea and how it would affect the country. A member commented that if the geopolitical tension further escalated, the BOJ has to be ready in handling the situation by making necessary policy adjustments to avert the deflationary idea.


    The monetary policy meeting of the BOJ has kept its short-term interest rate target at -0.1 percent and a potential to set the 10-year government bond yields close to zero percent. The central bank already expects that the price target of the central bank would take some time and requires patience to keep the current policy.


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  5. Andrea ForexMart

    Andrea ForexMart Member

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    This week’s most popular deal:

    populardeal.PNG


    Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
     
  6. Andrea ForexMart

    Andrea ForexMart Member

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    British Economy Soften in Third Quarter, says CBI


    The growth in the UK private sector had reduced marginally during the third quarter, as mentioned in the industry poll issued on Sunday, amid the optimistic outlook of various firms in the following months.


    The monthly indicator of the Confederation of British Industry for the output for manufacturers, retailers and services companies is down to +11, compared with the +14 for the three months to August. Even though there are mixed expectations, the overall data for the next quarter is anticipated to perked up to +18 which is two points from August.


    The survey of the CBI signaled that it is impossible to persuade the rate setters of the BoE who stated that interest rates would increase sooner or later, in consideration of the continuous economic development and price growth.


    The Office for National Statistics (ONS) mentioned last week that the British economy had an uptick on its slowest annual pace in 2013 subsequent to the EU exit in 2016. As indicated in the Reuters poll last week, many economists predicted that rate hikes will be in November while the other respondents believed that it is inappropriate to imply such action.


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  7. Andrea ForexMart

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    Australia’s Consumer Confidence Slightly Declined


    The consumer confidence in Australia declined last week due to the current and future finances sentiment and risks on longer-term outlook remains.


    The ANZ-Roy Morgan Consumer Confidence Index slipped by 0.6 percent to 113.4 during the week until October 1st, showing a positive sentiment to the economic situation offset by the decline in the prospect of households based on personal finances.


    Moreover, consumers are confident regarding the current and future conditions of the economy and came in at 2.5 percent last and 2.0 percent accordingly. However, the household’s outlook is down to 1.6 percent.


    Felicity Emmett, ANZ Senior Economist, stated that the financial condition remains above average in the longer-term even though its stability became shaky. The index for buying household goods lowered down by 3.3 percent, as the increased last week eased off and keep below the long-term average. This coincided with the forecast on retail sales for the month of August which has the tendency to decline due to the recovery period.


    Furthermore, expectations for inflation revised upward from 0.1 percent to 4.5 percent based on the four-week moving average.


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  8. Andrea ForexMart

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    Economic Calendar (October 3, 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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  9. Andrea ForexMart

    Andrea ForexMart Member

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    Australia’s Consumer Confidence Slightly Declined


    The consumer confidence in Australia declined last week due to the current and future finances sentiment and risks on longer-term outlook remains.


    The ANZ-Roy Morgan Consumer Confidence Index slipped by 0.6 percent to 113.4 during the week until October 1st, showing a positive sentiment to the economic situation offset by the decline in the prospect of households based on personal finances.


    Moreover, consumers are confident regarding the current and future conditions of the economy and came in at 2.5 percent last and 2.0 percent accordingly. However, the household’s outlook is down to 1.6 percent.


    Felicity Emmett, ANZ Senior Economist, stated that the financial condition remains above average in the longer-term even though its stability became shaky. The index for buying household goods lowered down by 3.3 percent, as the increased last week eased off and keep below the long-term average. This coincided with the forecast on retail sales for the month of August which has the tendency to decline due to the recovery period.


    Furthermore, expectations for inflation revised upward from 0.1 percent to 4.5 percent based on the four-week moving average.


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  10. Andrea ForexMart

    Andrea ForexMart Member

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    UK Inflation Ranked First Among The G7: OECD


    According to the statistics issued by the Organisation for Economic Co-operation and Development (OECD), the cost of living in Britain increased faster compared to other countries, including the so-called ‘G7 leading global economies’. Based on the revealed figures, the British economy has the highest inflation rate among top economies of the world, as the Brexit weighed on the sterling pound and continue to put pressure on household finances.


    Inflation in the United Kingdom rose to 2.9% last month due to a surge in prices of fuel and clothing which exacerbate the pressure towards cash-strapped households struggling with slow wage growth. The UK was able to overcome the 1.7% average, which is also greater than the recorded inflation of other G7 members (Canada, France, Germany, Italy, Japan and the United States). It also exceeded the OECD average percentage of 2.2%, this further indicates that Britain surmounted the European Union including other G20 nations, showing results at .5%, 1.7%, and 2.3%.


    However, the Britons are currently facing poor wage growth and high expenditure on the back of a weaker pound. This is because of the Brexit referendum that heightened prices for energy, imported goods, and services. Furthermore, United Kingdom is only behind Estonia, Latvia, Mexico, and Turkey.


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  11. Andrea ForexMart

    Andrea ForexMart Member

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    The current Money Fall contest has already started on October 9, 2017 and will end on October 13, 2017.


    You can register for the next competition which will take place from October 16, 2017 to October 20, 2017.


    Note:

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

    Andrea ForexMart Member

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    Miscalculation of ONS Affected BoE’s Possible Rate Hike


    The Office for National Statistics of UK further put pressure on the Bank of England over the issue of the rate hike next month after it lacks confidence to the pacing of the labor costs. On Monday, the official statistics agency admitted the mistakes made on its initial estimates for the growth of wage costs unit. The calculation is shown an annualized 2.4 percent in three months to June against the earlier published 1.6 percent on Friday.


    The upward revision indicates that growth wages in Britain could be a driving force closely examined by Threadneedle Street, while there is a possible rate increase for the first time in the past decade. Moreover, the growing labor costs imply the strengthening of the economy, confirming a raise in interest rates.


    The borrowing cost would likely boost from 0.25% to 0.5% and the committee for the monetary policy should decide whether the economy is capable to come up with the increase.


    Regardless of the optimistic signs of the economy, there are varying prospects for a weaker scenario. As reports from the construction sector revealed signs for a possible downturn. While the Organisation for Economic Co-operation and Development, on the other hand, predicted that UK economy will slow-up in 2018.


    Furthermore, analysts from Swiss bank UBS mentioned that the rate hike could worsen the potential reversal of the British economy due to Brexit procedures.


    The wages of British laborers were not able to surge over inflation rate since the 1970s in spite of low levels of unemployment. However, salary growth is improving but fail to keep its pace due to a high cost of living brought by imports value relative to the sluggish pound.


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  13. Andrea ForexMart

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    Rise in German Exports and Bigger Trade surplus in August


    Exports from Germany surpassed imports in August bringing the gap of the trade surplus wider and reflects the performance of the Europe’s biggest economy where it appears to be robust in the third quarter on Tuesday.

    The exports were seasonally adjusted and climbed by 3.1 percent for October while imports got higher by 1.2 percent according to the data from the Federal Statistics Office. This has been the highest growth of exports in twelve months.

    Overall, both exports and imports had operated better than anticipated. A poll from Reuters noted that the exports increased by 1.0 percent and imports ascended by 0.5 percent. On the other hand, the seasonally adjusted trade surplus gapped much bigger at 21.6 billion euros or $25.42 billion after adjustment on 19.3 billion euros in July. The reading from August was much elevated than the predicted figure of 20.0 billion euros from Reuters.

    The wider account surplus shows the exchange of goods, services, and investment as it dropped to 17.8 billion euros and revised upwards to 19.6 billion euros in July which is not modified.
     
  14. Andrea ForexMart

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    Expected Positive Recovery on World Economy, says IMF


    On Tuesday, the comprehensive global economic growth is expected to remain this year until 2018, according to the International Monetary Fund (IMF). While the gains of most countries around the globe were able to countervail weak data from India, United Kingdom, and the United States.


    The IMF revised higher its predictions for the current economic upswing by 0.1 percentage points, showing 3.6 percent increase and 3.7 percent for next year. The upgraded forecast was steered by the increase in consumer confidence, investment, and trades.


    Moreover, projections for China, Japan, and the euro area, including emerging markets, Europe and Russia, also skyrocketed.


    The economic development in the United States remained unchanged at 2.2 percent in 2017 and 2.3 percent next year based on Fund’s July statistics. The tax reduction imposed by Trump administration is still not accomplished, as expected.


    As indicated in the Fund’s report for April, the 2017 growth outlook for the United States was trimmed by 0.1 percentage points and 0.2 percentage points in 2018, and suddenly raise in July with the same points.


    The Republican party had laid out three tax proposals seeing that Trump governs since January and the administration's most recent action is stuck in a political dispute in Congress.


    The Fund affirmed that America’s economy would slow down due to changing demographics and weak productivity development in the longer term. It further mentioned that the potential growth of the state will only be at 1.8 percent, which is lower than the government’s target at 3.0 percent.


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  15. Andrea ForexMart

    Andrea ForexMart Member

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    Canada Ahead Against G7: IMF Economic Growth Estimate for 2017


    The Canadian economic growth increased the estimated value until next year of the International Monetary Fund. It was placed in a higher ranking amongst developed countries.

    The projected value of the country’s Gross Domestic Product for this year is 3.0 percent which is half a percent higher than the prediction in July. This makes Canada be on top of other advanced seven nations with the United States ranks at 2.2 percent growth since last year.

    The figures from the IMF were similar to the quotation issued in the previous month by the Organisation for Economic Co-operation and Development and assumed that the country would lead the G7 countries for 2017.

    It was said that the reason for an increase in growth was the drop in oil and gas prices and further supported by the government and the central bank policies. For next year, the Canada is anticipated to move at a slower rate with an estimated figure of 2.1 percent growth year-on-year in 2018. Yet, this is still higher than 0.2 percent than the IMF July update and second-highest among the G7 with the United States at 2.3 percent.


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  16. Andrea ForexMart

    Andrea ForexMart Member

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    Economic Calendar


    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.




    calendar.PNG
     
  17. Andrea ForexMart

    Andrea ForexMart Member

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    ForexMart Cements New Partnership with HKM Zvolen


    ForexMart has added a new industry giant in its growing list of partnerships with established sports companies: HKM Zvolen.


    Hokejový Klub mesta Zvolen or HKM Zvolen for short is one of the most celebrated hockey teams in Slovakia. The professional hockey club has established a long rich history that can be traced back as early as 1927. The club has two Slovak league championship under its belt and the 2005 IIHF Continental Cup.


    The partnership between ForexMart and HKM Zvolen has been an awaited collaboration with both companies enthusiastic for a prosperous relationship.


    Executives of ForexMart expressed their optimism with the new partnership.


    "Gaining a new partner in this business is a sign of enduring success for both parties. I am excited at the prospects of cooperation with HKM Zvolen because I see a future full of possibilities. We are ready to win not only in the hockey rink but also in business."- Savvas Patsalides, ForexMart CEO


    "I've always believed that winning can only be achieved through hard work and solid teamwork, qualities that are the essence of both ForexMart and HKM Zvolen. We are proud of this partnership because just like them, we are in the business not only to win, but also to grow as a team with our clients."- Ildar Sharipov, ForexMart President



    ForexMart and HKM Zvolen will launch collaborative projects that intend to promote both companies. ForexMart will also stand as sponsor of the hockey team with the HKM Zvolen players bearing the official ForexMart logo in their upcoming games.


    ForexMart and HKM Zvolen awaits a bright future with this collaboration.


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  18. Andrea ForexMart

    Andrea ForexMart Member

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    The current Money Fall contest has already started on October 16, 2017 and will end on October 20, 2017.


    You can register for the next competition which will take place from October 23, 2017 to October 27, 2017


    Note:

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



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  19. Andrea ForexMart

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    Japan’s LNG Infrastructure Offered to Asia


    The government of Japan will disclose a public-private initiative amounting to $10 billion, its goal is to draw on the rapid expansion of liquefied natural gas infrastructure due to high consumption of fuel all through Asia.


    The Nippon Export and Investment Insurance (NEXI) and Japan Bank for International Cooperation (JBIC) will serve as agents in engaging Japanese firms to investment plans aiming to establish LNG infrastructure as power plants and offloading terminals.


    The minister of economy, trade and industry, Hiroshige Sekō, is scheduled to unveil the project in Wednesday during the LNG Producer-Consumer Conference. Leading officials such as the prime minister and cabinet members would likely be in the event, promoting relevant projects to different regions. Moreover, the plan is formed to improve the partnership between the United States and Japan. As shale gas production was withdrawn in the U.S which further caused an issue for finding buyers for the natural gas.


    The arrangement between America and Asia to expand shale gas exports is anticipated to tackle at U.S.-Japan economic dialogue meeting on October 16 in Washington, hence the initiative is expected to achieve this goal.


    The factor that confines growth of the LNG market is the agreements stating about the restricted reselling of fuel. Meanwhile, India and Japan are expected to sign an LNG cooperation on Wednesday making LNG supply contracts flexible.


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  20. Andrea ForexMart

    Andrea ForexMart Member

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    Significant Impact of Reversing Brexit on the UK Economy is Possible


    According to the world’s leading economic think-tank, the reversing Brexit is expected to cause a positive and significant impact towards the British economy, issuing an extreme warning on the possible consequences of EU exit.


    Based on the report that highlighted the weak economic growth of UK since the referendum last year, the Organisation for Economic Co-operation and Development (OECD) warned of the possible risks in establishing an essential trade deal with the European Union.


    The UK economy has the tendency to hinder its progress by a disorganized Brexit, in case of a failure of Brussels negotiations. This could further push the sterling pound lower resulting in a failing credit rating in the UK. Also, it underlined the uncertainty of Britain to break up whenever Northern Ireland and Scotland consider again their fate in the EU due to Brexit.


    José Ángel Gurría, the OECD secretary general, advised that increasing inflation triggered by the sluggish pound would likely stall investments and expenditure. While the government should not create new barriers within EU and UK.


    On the other hand, Chancellor Philip Hammond persisted that actions from the government relative to the referendum provided necessary confidence for businesses.


    At the same time, British Liberal Democrat Jo Swinson addressed that the report caused vindication to the call of her party regarding a new referendum that offers an “exit from Brexit.”

    While according to Shadow Chancellor John McDonnell, the report depicted a “damning picture” about the economic management by the government coupled with the Brexit process.


    Moreover, the most recent United Kingdom OECD Economic survey forecasted growth in the economy by 1% next year, this projection could get worse without free trade agreements. The EU exit exacerbates the demand to renew employment productivity growth, considering the statement from the OECD that it remained steady and failed to manage any meaningful contribution to British output since 2007. Hence, this is the weakest data outside South East England and Greater London.


    The differences among regions and labourers could lead to a significant distinction between people with regards to profits and resources, work and income and skills and education.


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