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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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    The current Money Fall contest has already started on December 4, 2017 and will end on December 8, 2017.


    You can register for the next competition which will take place from December 11, 2017 to December 15, 2017.


    Note:

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


    Congratulations to all the winners!



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  2. Andrea ForexMart

    Andrea ForexMart Member

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    Germany’s Optimistic Outlook due to Higher Industrial Orders


    The industrial orders in Germany surged surprisingly in October because of domestic and foreign demand from non-euro zone according to the reports on Wednesday. This implies that the country will have a good momentum in the next few months.


    Orders of products that are locally made increased for three consecutive months and supported by the data up by 0.5 percent in October compared last month, according to the Economy Ministry. Despite the fact that bulk orders are lower than average for the month of November.


    It is anticipated for the data to decline by 0.3 percent following an upward revision of 1.2 percent in bookings for the month of September based on the survey from Reuters.


    An economist described the situation to be in a good condition, given that the economy has been robust the past few months while there is a “moderate growth” in October as a good result. Although, he said that growth would not move higher amid higher books of orders and more capacity to utilize.


    The German economy has gained momentum by the third quarter and has been expanding since 2010 but there are still concerns since Germany doesn’t have a new government over two months following a national election.


    Conservatives representative, Chancellor Angela Merkel, lost against the far-right in the September poll. It is presumed that Social Democrats (SPD) will hopefully approve to run again the current ‘grand coalition’ after a failed attempt of alliance with the environmentalist Greens and pro-business Free Democrats.


    Nevertheless, the Economy Ministry said that there is high demand for it along with record-high business confidence and positive growth in the manufacturing sector.


    The orders data increased by 0.5 percent while there is 1.6 surge in contracts beyond the eurozone as it counterbalances the 1.2 drop in the bloc. Domestic contracts rallied by 0.4 percent.


    Interest for both capital and consumer goods surged in October despite the demand for intermediate goods declined a bit. Comparably, there is less volatility in the past two months where it declined by 3.4 percent which is much higher than the level two months ago.


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  3. Andrea ForexMart

    Andrea ForexMart Member

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    U.S. Treasury Needs to Adjust their Cash Management


    The U.S. Treasury Secretary Steven Mnuchin publicized that there will be cash management measures to prevent a U.S. bad debt on Monday.


    A letter to House of Representatives Speaker Paul Ryan says that two retirement funds would not be funded by the Treasury anymore. This includes the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund as mentioned in the letter. Mnuchin said that all funds would fully be compensated when the debt ceiling has been adjusted.


    The U.S. Treasury is trying to assess the limit of money that it can borrow to manage the budget loss which leads to the higher spending of Taxes more than the collection from Washington and Congress has the only power to increase the limit.


    There was a short-term solution of suspending the debt limit until December 8. Nevertheless, the Treasury has the capacity of paying the bills up to January as a precautionary measure according to the department.


    Selected countries require the legislature to consent the periodic increases in the legal limit on the maximum amount of money that allows the federal government to borrow.


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  4. Andrea ForexMart

    Andrea ForexMart Member

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    Try the New Copy Trade System!


    ForexMart continuously aims to improve its work and provide clients with the wide range of services for online trading on the Forex currency market.


    We are pleased to offer you to use the new copy trade system. This service allows you to trade, copying positions and trading strategies of the most successful traders in real time. Account monitoring gives the opportunity to monitor the daily update of trading indicators, that allows you to control the process yourself.


    Our company offers to consider the accounts of three ForexMart top-traders. Choose the most appropriate trading style and subscribe to copy the deals in just one click!


    The new service is ideal for beginners, as well as for traders who do not have a lot of time. This type of trading does not require in-depth knowledge in Forex trading and allows you to save significant time. You just need to subscribe to one of the three offered strategies and the orders will be automatically copied and displayed on your account. The service is provided free of charge.


    Stay tuned and watch the news. ForexMart always tries to make your trade even easier and more profitable!


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  5. Andrea ForexMart

    Andrea ForexMart Member

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    BoE will Keep the Normal Rates After Brexit


    The Bank of England allows the financial institutions in the country to proceed with their selling transactions in the United Kingdom without the need for expensive subsidiaries after Brexit, despite the divorce deal between London and Brussels becomes unsuccessful as reported by the BBC.


    The decision of the central bank will be publicized at 1300 GMT on Wednesday. These would ease problems to be faced by the European banks as they offer wholesale services in London that follows New York as the world’s financial capital.


    Concerns regarding their requests for business hours, the BoE haven’t responded out of it. There are unidentified reports saying that the government and sound sources that the decision is supported.


    The proposal of BoE would affirm for goodwill from Britain in Brexit talks that seek to maintain London as the financial center and manage more banks.


    There are more than 100 branches of lenders that operate in London which is headquartered in London. In the present, banks in Britain functions under EU “passporting” rules, which will end in March 2019 when Britain leaves the bloc.


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  6. Andrea ForexMart

    Andrea ForexMart Member

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    Deposit Insurance


    We want nothing but the best for all our clients – and that includes prioritizing your funds and interests.


    ForexMart is a member of the Investor Compensation Fund, a fund conceived by the Section 17 of the Investment Services and Activities and Regulated Markets Law of 2007, which states every Cypriot investment firm must be part of the Fund. Its main objective is to secure claims of the covered clients in the event the company in question fails to perform its obligations, specifically:


    • Return the funds owed or belong to the covered client.
    • Turn over the financial instruments to the customer entrusted to the member firm.

    The fund will pay the compensation for the affected client, subject to the existing legal and contractual terms. However, individuals with ongoing criminal proceedings are prohibited from making claims, as per Prevention and Suspension of the Legislation of Proceeds from Criminal Activities Law of 2007.


    Compensation payable to the covered client will depend on the prevailing rules and company's books. It is computed by adding all the total established claims of the client against the firm, stemming from all the services rendered by the entity. As of present, the amount paid to the covered clients is €20,000.
     
  7. Andrea ForexMart

    Andrea ForexMart Member

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    Changes of Working Regime Over the New Year Holidays


    Dear traders,


    We draw your attention to the changes in the schedule of ForexMart’s working regime during Christmas and New Year holidays*:


    • 25 of December – markets will be closed

    • 26 of December – trading will be resumed after 6:00 a.m.

    • 27-29 of December – Forex trading will be conducted in a regular mode

    • 1 of January – markets will be closed

    • 2 of January – trading will be resumed after 6:00 a.m.

    • 3 of January – Forex trading will be conducted in accordance with the standard schedule.

    We wish you happy holidays and lucky trading with ForexMart!


    * Importantly, this information is just preliminary and the schedule could be updated later.


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  8. Andrea ForexMart

    Andrea ForexMart Member

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    Chinese Economy to Surpass the US in 2032


    It is expected that China will outperform the American economy in the year 2032 based on a new report. Moreover, a report from the Centre for Economics and Business Research in London noted by Bloomberg News further shows that next year India is predicted to get ahead to the United Kingdom and France and gain the fifth rank as the largest economy in dollar terms. In this regard, India is projected to be in the third place as the biggest economy in the world by 2027.


    According to report, the four biggest economy by 2032 consists of China, India, Japan and the United States. In addition to it, Indonesia and South Korea will take the tenth place.

    While President Donald Trump often brags about the American economy, as the president tweeted last week regarding the achievements of his administration over the previous year which includes the "Record Economy/Stock Market." Trump further mentioned that earlier in December, the tax reduction in the GOP tax bill signed last week will boost investment in the US economy and its laborers.


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  9. Andrea ForexMart

    Andrea ForexMart Member

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    Bank of Spain Seen Growth in Spanish Economy


    According to the central bank of Spain, robust export could possibly help increase the country’s economy by 0.8 percent quarterly rate over the past three months of 2017 amid the unfavorable consequences brought by the Catalan political crisis.


    The Spanish economy is expected to grow by 3.1 percent this year, however, the government has to revise the outlook for 2018 by 2.3 percent versus the initial estimate of 2.6 percent due to risks generated from the already separated regional government of Catalan that urge of its

    independence last October.


    On Wednesday, the central bank further mentioned that buoyant exports generally created for the economic fallout in wealthy Catalonia. The projections and official data are scheduled to be released next month by the National Statistics Institute.


    Currently, Spain is one of the fastest-growing economies of the European Union after emerging from the collapse in late 2013.


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  10. Andrea ForexMart

    Andrea ForexMart Member

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    The current Money Fall contest has already started on January 1, 2018 and will end on January 5, 2018.


    You can register for the next competition which will take place from January 8, 2018 to January 12, 2018


    Note:

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


    Congratulations to all the winners!




    winners.PNG
     
  11. Andrea ForexMart

    Andrea ForexMart Member

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    Strong German Economy in 2018


    According to a report from the Commerzbank, the German economy is predicted to increase by 2.5 percent this 2018 upon gaining strong growth of 2.3 percent in 2018. The main economic driver is the private consumption due to the expansion of employment and suitable wage increase. Moreover, the improving machinery and equipment investments are projected to support the success of Germany.


    The international economy rose in favor of financial conditions and growing capacity bottlenecks which indicates that there are more companies who invested again. The momentum is driven by construction investments and sustained by high demand for real estate.


    The economy of Germany further grew in the past decade compared with other European countries. However, the optimism might end in the longer-term due to the instability of the country’s strong price competitiveness which is one of their pillars towards prosperity.


    On the other hand, the biggest economy in the EU slid to 16th rank out of 28 countries as the most attractive business location around the world. This is because of the recent reform implemented by eastern European nations.


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  12. Andrea ForexMart

    Andrea ForexMart Member

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    ForexMart - Callback Service


    We are more than ecstatic to attend to all your inquiries and needs. Upholding our firm commitment to be your reliable trading partner, ForexMart wants to help you in every step of your trading journey.


    If you are having any trouble calling our customer service, you may get in touch with us using our callback service. The feature is primarily designed to address all client queries as fast as possible. With this service, you can request to get in touch with one of our managers at your most convenient time. Ask and we shall call you back.


    All you need to do is to provide your contact details and indicate your preferred callback time by filling up the form. Our Sales Department will respond to all your concerns within 24 hours. For other questions, please do not hesitate to contact us.


    The service is free of charge and can be used by all our clients. Here's to wishing you a successful trading!
     
  13. Andrea ForexMart

    Andrea ForexMart Member

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    Macron Signed Trade Deals with China


    French President Emmanuel Macron had an official visit to China for the first, securing multi-million worth of euro business agreement and Chinese President Xi Jinping acknowledged future relations between France and China.


    France was the first western country to seal diplomatic relations with the People’s Republic of China in 1964 and the visit made by Macron indicates high regard between the relationship of China and France. The French leader walked through the Forbidden City along with his wife Brigitte and some students from the French international school.


    The talks of the two leaders were all about the “Belt and Road” initiative aimed to improve trade links with China towards central Asia, Europe, and southeast Asia. They also tackled about environmental issues during the visit and Macron stated in Chinese language to “Make our planet great again” in Chinese, as regards to the decision of Donald Trump to pull out the United States from the Paris agreement on climate change. Aside from advancing trade links, Macron tries to reduce the trade deficit of France with China worth €30 billion (35.8 billion USD) and to have a better access towards the Chinese market.


    During the signing ceremony, both Presidents signed 50 trade deals which include the strategically key sectors of nuclear energy and aerospace. On the other hand, the aeroplane business Airbus is scheduled to seal a multibillion-euro contract with China and Chinese e-commerce company JD.com disclosed their plans of selling French products to Chinese consumers amounted to €2 billion for the next couple of years.


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  14. Andrea ForexMart

    Andrea ForexMart Member

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    British Economy Expanded in Q4, says Thinktank


    Based on the Thinktank's forecast, the longest period of increasing factory output in Britain over 23 years has led the British economy to reach its fastest pace of growth rate recorded in late 2016. The National Institute of Economic and Social Research (NIESR) outlines the GDP expansion for 0.6 percent in the fourth quarter of 2017, showing higher figures compared with the 0.4 percent in the previous quarter and further exceeded the latest City projections.


    Amit Kara, Head of UK macroeconomics research at NIESR, stated that the activity showed an improvement during the second half of 2017, after a sluggish start in 2018 in which the GDP grew by 0.3 percent in Q1 and Q2.


    The Thinktank expects that the strong economic performance of the country accompanied by high inflation rate will prompt the Bank of England to implement interest rate hike by 0.25 points to 0.75% in May. Followed by further growth every six months until 2021, as official borrowing costs gained 2 percent.


    The Office for National Statistics (ONS) issued a data that indicates the rise in output of UK factories for eighth straight months in November, this achievement was reported in May 1994, driven by the broad upswing of manufacturers in the world economy. The manufacturing output came in 1.4 percent higher in three months until the end of November versus the recent quarter.


    As the factory output increased, the overall industrial production also picked up by 0.4 percent which includes products from energy plants, mines, quarries and oil and gas sector. The sudden spell of cold weather in November supported energy production on the back of the warmer climate in October.


    The manufacturers of machinery and equipment fabrication contributed major growth, as projects under renewable energy recovered coupled with other costly works. The optimistic prospects for the industrial production provided 14 percent of the GDP result, which helped negate the stumbling growth in consumer expenditure due to rising cost of imported goods since the Brexit referendum and further depreciated the British pound.


    On the other hand, the construction industry remains to have a difficult time for more than five years, showing a 2 percent reduction in three months to November and marked the sixth consecutive period of contraction. However, there was still a slight improvement in November by 0.4 percent amid the decline in the past quarter.


    The robust global economy supports the United Kingdom in exporting additional products and services towards different parts of the world. The ONS reported that the UK still have higher imports than exports since in the past but the deficit was reduced by £2.1bn ($2.8bn) in the three months to November. Moreover, economists suggest that growth in Q4 last year would be lower than the predictions of NIESR because of complication in Forties oil pipeline in December.




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  15. Andrea ForexMart

    Andrea ForexMart Member

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    Australian Confidence Index Surged Again


    Based on the ANZ-Roy Morgan survey, the consumer confidence of Australia increased more than four-year high during the first week of the year. While the majority of Australians are enjoying the holidays, the question arises whether or not the surge was actually influenced by the positive confidence levels or the advancement was only temporary.


    As a matter of fact, upon the publication of the initial report for 2015, the ANZ mentioned last week that confidence levels suddenly rose after the Christmas-New Year period. This could also probably driven by the fact that Australians are certain about their respective finances as well as to the current condition of the economy. According to the poll held last week, the confidence levels had a strong boost again.


    David Plank, ANZ Bank Head of Australian Economics, mentioned that the positive development in the previous week showed a better sentiment in connection with the present financial and economic status, along with the projections for household expenditures.


    This helped negate small declines in the sentiment of finances during the year ahead, while the economy in the next five years is predicted to fall by 0.2% and 0.5% respectively, with partial reversal of strong profits according to report last week.


    As the current finances subindex picked up, the final component in the survey also showed some optimism on its forecast for consumption with an increase of 3.4 percent.


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  16. 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 www.forexmart.com or you can contact our customer service at [email protected]
     

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