1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice

Forex ForexMart's Forex News

Discussion in 'Forex Forum' started by Andrea ForexMart, Jan 18, 2018.

  1. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Paris lost the title of Europe's largest stock market to London

    Political turmoil in France has led to London once again becoming Europe's largest stock market, overtaking Paris.

    President Emmanuel Macron's surprise announcement of early elections sparked a wave of unrest, leading to the loss of about $258 billion in market capitalization of French companies last week.

    The largest French banks such as Societe Generale, BNP Paribas and Credit Agricole, which are significant holders of government debt, have lost more than 10% of their value. As a result, the total share price of French companies now stands at about $3.13 trillion, slightly behind the British with $3.18 trillion.

    The CAC 40 index, which reached record highs a month ago, has now returned to the levels of the beginning of the year. At the same time, the FTSE 100 index in the UK reached record highs due to the growth of shares of export-oriented companies such as Shell and Unilever. Over the past three months, Paris has lagged significantly behind the Euro Stoxx 50 index, while shares of companies such as Rolls-Royce Holdings have contributed to London's growth.

    Globally, the UK is now the sixth largest stock market.
    More news on our website: https://bit.ly/4a81506
     
  2. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The Bank of England left the rate at 5.25% per annum

    The Bank of England kept the base interest rate at 5.25% per annum at the end of the June meeting, according to the British Central Bank.

    The decision coincided with the forecasts of the market and analysts. Seven of the nine members of the Monetary Policy Committee (MPC) voted to keep the rate, while Matchmakers Dingra and Dave Ramsden proposed lowering it by 25 basis points.

    Most experts predicted that the regulator would make just such a decision, despite the fact that inflation in May fell to the 2% target for the first time since 2021.

    The Monetary Policy Committee of the Bank of England has left the rate unchanged for seven consecutive meetings, maintaining it at its highest level in the last 16 years. The market expects that the regulator will start lowering the rate no earlier than November.
    More news on our website: https://bit.ly/4a81506
     
    Last edited: Jun 21, 2024
  3. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The EU bans its companies from using the Russian payment system

    As part of the 14th package of anti-Russian sanctions, the European Union banned its companies operating outside the Russian Federation from using the Bank of Russia's Financial Messaging System (SPFS).

    SPFS, the Russian equivalent of SWIFT, provides the transmission of financial messages both inside and outside Russia. The use of SWIFT within the Russian Federation was banned by the Central Bank of the Russian Federation in October 2023.

    In a statement, the EU Council said: «Today's package significantly strengthens our financial sanctions by banning EU banks operating outside Russia from using the SPFS.» This also allows the EU to compile a list of non-Russian banks of third countries connected to the SPFS – these banks will be prohibited from doing business with EU operators.

    In addition, the EU has imposed a ban on transactions with banks and suppliers of crypto assets in Russia and third countries that facilitate transactions supporting the Russian military-industrial base.

    Recall that the SPFS was created in response to the first wave of anti-Russian sanctions in 2014. By the end of 2023, 556 organizations had become users of the SPFS, of which more than a quarter (159) non-residents from 20 countries made up the list. The Central Bank previously published a list of SPFS participants on its website, but hid it in April 2022 after a new wave of sanctions affected the largest Russian banks.
    More news on our website: https://bit.ly/4a81506
     
  4. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The Central Bank of Sweden has kept the rate at 3.75% and expects 2-3 reductions in the second half of the year

    The Central Bank of Sweden (Riksbank) kept its key interest rate at 3.75% per annum at its meeting on Thursday. This decision coincided with analysts' expectations.

    It is noteworthy that in May, the regulator lowered the rate for the first time in eight years.

    Riksbank noted that inflation is approaching the target 2%, and long-term inflation expectations are stabilizing. There is also a moderate increase in salaries.

    The regulator’s management plans, while maintaining the current trajectory of inflation, to reduce the rate two or three times in the second half of the year.
    More news on our website: https://bit.ly/4a81506
     
  5. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Bitcoin rises on the news of the assassination attempt on Trump

    The bitcoin exchange rate is rising on Monday – market participants continue to evaluate the news about the assassination attempt on Donald Trump that occurred on Saturday.

    According to CoinDesk, the current quote of the crypto asset is $62,603.50. Last Friday, the BTC/USD pair was trading near the level of $57 thousand. Overall, despite the 6.4% loss over the last month, bitcoin has grown by about 50% since the beginning of the year.

    Donald Trump was injured at a campaign rally in Pennsylvania, but later said he felt fine. Analysts believe that the assassination attempt could increase Trump's chances of winning the election.

    «Trump is considered a supporter of cryptocurrency, and there is an opinion that his position in the election race has strengthened. Traders are looking for assets that will benefit if Trump returns to power,» said Dan Coatsworth, an investment analyst at AJ Bell brokerage.
    More news on our website: https://bit.ly/4a81506
     
  6. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The growth of public debt in the world's largest economies worries financial markets

    The victory of the left-wing coalition in the French elections forced investors to pay attention to the country's financial problems. The budget deficit remains high at 5.5% of GDP, and the EU forecasts debt growth to 139% of GDP by 2034.

    In the United States, the national debt is expected to grow from 97% to 122% by 2034. Donald Trump's popularity on the eve of the election is also worrying investors. They fear that his victory, especially under a Republican Congress, could lead to an increase in budget deficits and inflation.

    Italy is facing EU disciplinary measures due to a budget deficit of 7.4%, which is the highest in the EU.

    In the UK, the 2022 tax cuts caused the pound sterling and government bond prices to fall, forcing the central bank to intervene. The new Labour government, promising economic growth under tight control, is facing the problem of public debt, which is close to 100% of GDP.

    Japan's national debt is more than twice the size of its economy – 261% of GDP. However, the bulk of the debt belongs to domestic investors, which reduces the risk of massive capital outflows.
    More news on our website: https://bit.ly/4a81506
     
  7. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The price of gold has approached $2,450

    Gold prices rose in Asian trading on Monday, playing back some of the decline seen during most of July.

    The price increase is due to expectations of a reduction in interest rates from the Federal Reserve System at the upcoming meeting. US inflation data released on Friday showed a slight slowdown, which strengthens the Fed's confidence in the possibility of lowering rates. The weakness of the dollar caused by these data also contributed to the rise in gold prices, making it more attractive to investors using other currencies.

    Spot gold rose 0.4% to $2.395.31 per ounce, while futures for gold with a December maturity rose 0.5% to $2.449.2 per ounce. Traders are almost completely confident of a 25 basis point rate cut in September, which favours gold, as it reduces the opportunity costs of investing in it.

    Other precious metals rose along with gold: platinum futures rose 0.8% to $953.35 per ounce, and silver futures rose 0.8% to $28,242 per ounce.

    Copper also showed gains on Monday after heavy losses over the past month. The growth was triggered by expectations of new signals from China, the main importer of copper.
    More news on our website: https://bit.ly/4a81506
     

  8. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Brent fell to $78.40 per barrel

    On Tuesday morning, oil prices continued to decline moderately after a sharp drop the day before. The current price of Brent oil is $78.36 per barrel, North American WTI oil is trading near $75.08. In yesterday's session, both brands ended in the red for the third week in a row.

    Analysts note that oil prices have declined due to concerns about demand in China, the world's largest oil importer. Markets were shaken by a series of negative economic news from China: manufacturing activity in the country probably declined for the third month in a row in July.

    The market's attention is also focused on the upcoming meeting of the Chinese Politburo, where decisions can be made on further support for economic policy. However, expectations from this event are low, as the Third Plenum, a key political meeting in mid-July, mostly confirmed current economic goals and failed to improve market sentiment.

    In addition, oil fell by 2% after Israel announced that its response to Hezbollah's missile strike on the occupied Golan Heights would be thought out in such a way as to avoid dragging the Middle East into a full-scale conflict.

    It also became known that weekly oil supplies from Russia fell to the lowest level since the invasion of Ukraine in 2022.

    Tomorrow, you should pay attention to the publication of the report of the US Department of Energy. It is expected that it will show a reduction in oil reserves in the country by 3.9 million barrels. And if the reduction is greater than expected, it may support oil prices. On Monday, the US Department of Energy announced the purchase of 4.56 million barrels of oil for the strategic reserve.
    More news on our website: https://bit.ly/4a81506
     
  9. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    World demand for gold decreased by 6%

    In the second quarter of 2024, global demand for gold (excluding OTC transactions) decreased by 6% compared to the same period last year, reaching 929 tons, according to the World Gold Council (WGC).

    The drop in demand for jewelry was the main reason for the decline: demand fell by 19% to 391 tons, and demand from the jewelry industry decreased by 17% to 411 tons.

    However, the decline in the jewelry market was partially offset by an increase in demand in other sectors. In particular, the technology sector showed an impressive 11% increase in gold consumption, to 81 tons, due to the use of gold in electronics, especially in chips for the rapidly developing field of artificial intelligence.

    Central banks, seeking to protect and diversify their reserves, increased gold purchases by 6%, to 183 tons.

    The supply of gold on the market increased by 4%, to 1,258 tons. Production turned out to be a record for the second quarter — 929 tons.

    The oversupply of 329 tons was absorbed by the OTC market, which played a significant role in maintaining gold prices. Together with the demand from central banks, the OTC market has become a key driver of gold price growth.
    More news on our website: https://bit.ly/4a81506
     
  10. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Oil prices are rising on concerns about the conflict between Israel and Hamas

    Oil prices rose during Asian trading on Thursday, continuing the sharp rise of the previous session. The escalation of tensions in the Middle East following the assassination of the Hamas leader in Iran has increased fears of a possible large-scale war in the region.

    The oil market is reacting to an increase in risk premiums related to fears of revenge by Hamas for the assassination of the organization's leader Ismail Haniyeh in Tehran on Wednesday. Although Israel has not claimed responsibility for the attack, many believe Jerusalem is behind the attack. The rising tensions have raised fears that a full-scale war in the Middle East could disrupt oil supplies from the region, which in turn could affect global markets.

    Traders' attention is also focused on today's OPEC+ meeting, where information about oil production plans may be disclosed. According to media reports, no changes in the cartel's production volumes are expected, despite the recent decline in oil prices to almost two-month lows. Nevertheless, leading producers such as Saudi Arabia and Russia are likely to remain cautious about further production cuts.

    The current price of Brent oil is $81.60 per barrel. North American WTI oil is trading near $78.60. Oil quotes also received support after the publication of data on a significant decrease in oil reserves in the United States for the fifth week in a row, due to high demand for fuel during the summer period of active travel.
    More news on our website: https://bit.ly/4a81506
     
  11. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Bitcoin and Ether collapsed amid global economic concerns

    On Monday, there was a sharp drop in the value of bitcoin amid a large-scale sale of high-risk assets.

    According to CoinDesk, by noon Moscow time, the Bitcoin exchange rate had decreased by 10.8%, reaching $52,827. Over the past week, the cryptocurrency has lost more than a fifth of its value, although it has still shown an increase of almost 26% since the beginning of the year.

    Ethereum is also experiencing a significant drop, dropping 15.3% to $2,330, which is the biggest decline since 2021.

    The Japanese stock market posted a record 12.4% drop, the highest since 1987. Futures for the US Nasdaq Composite index are also down 4.2%.

    The reason for the massive sell-off of risky assets was growing concerns about a possible recession in the United States after the publication of disappointing economic data last week. Goldman Sachs analysts have increased the probability of an economic downturn in the United States in the coming year from 15% to 25%. Markets also expect that the Federal Reserve may hold an unscheduled meeting this week and cut the key rate by 0.25 percentage points with a 60% probability.
    More news on our website: https://bit.ly/4a81506
     
  12. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Gold is moving away from highs amid the growth of the stock market

    The price of gold fell from near record levels during Asian trading on Tuesday. The recovery of stock markets led to a decrease in demand for reliable assets, although instability in the markets still supported relatively high prices for the precious metal.

    Yesterday, gold soared to a historic high due to the collapse of stock markets caused by fears of a recession in the United States and expectations of lower interest rates.

    December gold futures fell 0.3% to $2402.57 per ounce. At the beginning of the week, the spot price reached $2,460 per ounce.

    On Tuesday, gold weakened slightly amid the strengthening of the dollar and the growth of the stock market. Nevertheless, gold has maintained much of its recent growth as the prospect of lower interest rates continues to support interest in it.

    The rise in gold prices has led to an increase in prices for other precious metals, but in recent sessions they have suffered significant losses, since their attractiveness as a "safe" asset is inferior to gold.

    Silver futures fell 0.7% to $27.020 per ounce, and platinum futures fell to $918.85 per ounce. Copper prices fell 0.6% to $8,806.50 per tonne, and one-month futures fell almost 1% to $3,9660 per pound.
    More news on our website: https://bit.ly/4a81506
     
  13. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Brent rose above $77 per barrel

    Oil prices continued to rise on Wednesday, following a slight increase in the previous session.

    On the London ICE Futures exchange, October futures for Brent crude oil rose in price to the level of $77.25 per barrel. September WTI crude futures rose to $73.71 per barrel.

    Traders continue to monitor the situation in the Middle East, anticipating a possible Iranian attack on Israel after the recent assassination of Hamas leader Ismail Haniyeh in Tehran.

    «If the situation in the Middle East worsens and this affects oil supplies from the region, prices will quickly go up,» said Commerzbank analyst Carsten Fritsch.

    Traders are also concerned about the prospects for oil demand due to signals of slowing economic growth in China and the United States. Statistics released on Wednesday showed a slowdown in Chinese growth in July amid a larger-than-expected increase in imports.

    Also today, the U.S. Department of Energy will present a weekly report on energy reserves. According to the American Petroleum Institute, published yesterday, oil reserves in the United States increased by 180 thousand barrels.
    More news on our website: https://bit.ly/4a81506
     
  14. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    European stocks are losing ground amid uncertainty

    European stocks resumed their decline after two days of gains, under pressure from mixed earnings reports and uncertainty about the economic development of the United States.

    The iShares STOXX Europe 600 index fell 0.9%, rolling back from last Wednesday, which was the best day for the index since November. Real estate and technology stocks were under the most pressure, while telecommunications stocks rose slightly.

    Siemens AG lost ground after forecasting revenue and profit growth below expectations, Zurich Insurance Group AG declined due to increased losses in the property insurance division. Among the leaders of the day were Enter PLC, which raised its forecast for the full year, and Allianz SE, which posted higher profit figures.

    The beginning of August was unstable for European stocks due to concerns about the recession in the United States. Despite this, the overall picture of profit reporting looks relatively optimistic: earnings per share growth for the MSCI Europe index is 2.4%, higher than the forecast of 0.4%.

    Despite the fact that experts do not expect sharp drops in the market, they advise investors to be careful due to geopolitical instability. Technical analysis indicates the possibility of short-term growth in European stocks, but trading will remain volatile until economic data signals a "soft landing" of the US economy.
    More news on our website: https://bit.ly/4a81506
     

  15. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The American labour market: optimism and anxiety

    The number of Americans applying for unemployment benefits unexpectedly fell last week, suggesting that concerns about a worsening labour market situation were exaggerated. According to the Ministry of Labour, the number of initial applications for benefits decreased by 17 thousand to 233 thousand, which was the largest drop in the last 11 months. Experts had expected a more modest decline.

    Despite the positive dynamics, the indicator remains above the average level of the current year. The average number of applications over the past four weeks has increased to 240.75 thousand, reaching an almost one-year high. The increase in the number of applications, which began in June, is partly due to temporary shutdowns of automobile plants and the effects of Hurricane Beryl in Texas.

    Overall, the number of layoffs remains low, confirming data on a record low level of layoffs in June. However, the pace of growth in the labour market is slowing due to less aggressive hiring caused by the Fed's interest rate hike.
    More news on our website: https://bit.ly/4a81506
     
    Last edited: Aug 12, 2024
  16. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    Brent rose above $80 per barrel

    Oil prices have been rising for the fifth consecutive auction due to concerns about possible supply disruptions amid the escalation of the conflict in the Middle East.

    Barbara Lambrecht, commodity analyst at Commerzbank, noted that geopolitical tensions could intensify at any moment, which would put additional pressure on price growth. Geopolitical risks are likely to remain a key factor influencing oil price trends.

    The data published last week in the United States turned out to be better than forecasts, which reduced concerns about a possible recession in the country's economy. These data reinforced traders' confidence that the Federal Reserve could cut interest rates as early as next month, which in turn could boost fuel demand.

    The current price of Brent crude oil is $80.30 per barrel. North American WTI oil is trading near the level of $77.70. Over the past week, Brent has risen by 3.7%, and WTI — by 4.5%, ending the first of five weeks in the «plus».
    More news on our website: https://bit.ly/4a81506
     
  17. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    German companies continue to invest in China

    German companies continue to invest heavily in China, despite government calls to diversify risks. According to the Bundesbank, Germany's direct investments in China in the first half of 2023 reached 7.3 billion euros, which is almost one and a half times more than in the whole of 2022.

    Experts note that a significant part of investments is directed to reinvest profits earned in China. Last year, German businesses reinvested more than half of the 19 billion euros of profits earned in China.

    Localization of production in China is becoming an increasingly popular strategy for German companies seeking to reduce risks in their supply chains. However, this strategy could have a negative impact on the German economy by reducing exports and creating dependence on the Chinese labor market.

    The German government recommends that companies diversify their investments and sales markets, but does not call for a complete cessation of cooperation with China.

    Despite this, major automakers such as Volkswagen and BMW continue to invest heavily in China. In the last five years, Germany has been the leader in terms of EU investments in China, which indicates the continued attractiveness of the Chinese market for German businesses.
    More news on our website: https://bit.ly/4a81506
     
  18. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    JPMorgan: EM shares will benefit from the slowdown in the US economy

    JPMorgan forecasts favorable prospects for emerging market (EM) stocks amid an expected slowdown in U.S. economic growth and lower interest rates in the second half of 2024. Analysts believe that these factors will have a positive impact on the comparative performance of EM shares due to differences in growth rates and interest rates.

    Experts believe that adjusting expectations regarding rates and growth in the United States will lead to a higher valuation of EM shares in global investment strategies. However, they warn of risks, including economic downturns, market instability and the impact of the upcoming U.S. elections on international trade and investment risks.

    The growth gap between EM countries and developed markets (DM) is expected to widen to 2.7% in 2024, compared with 2.5% in 2023. The Fed's rate cut may create opportunities for monetary policy easing in the EM.

    Other factors boosting the attractiveness of EM stocks include limited investments in the sector, attractive prices, diversification strategies from U.S. stocks, and a weakening U.S. dollar.

    The historically slowing but resilient U.S. economy is favorable for EM stocks. During periods of Fed rate cuts, EM stocks usually perform better: the average decline is 11% for EM, 15% for DM and 13% for the US.
    More news on our website: https://bit.ly/4a81506
     
  19. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    The yuan is rising amid a weakening dollar

    On Monday, the yuan showed the most significant growth in two weeks, reaching 7.1363 per dollar, which is 0.4% higher than the previous day. This increase, the largest since the beginning of August, is due to the weakening of the dollar and expectations of lower interest rates in the United States.

    However, the yuan lost ground against the resurgent yen, falling 1% to 20.38 yen, which was the strongest drop since August 5. As a result, the yuan fell to 98.07 against a basket of trading partner currencies, the lowest level since January 15.

    Traders are waiting for the announcement of the base rate on loans in China on Tuesday. The collapse of bank lending, falling housing prices and gloomy economic sentiment, according to analysts, will not allow the currency to grow significantly further.

    The yield on 10-year Chinese government bonds fell by 1.8 basis points to 2.17%, while the yield on similar benchmark U.S. government debt was 3.9%.

    The 7-day repo rate for the yuan in the domestic market was 1.74%, and in the futures market, the 3-month yuan was quoted at 7.0695, 722 points higher than the spot rate. Three-month forward contracts on CNH were trading at 7.0682 per dollar. The People's Bank of China has set the average rate around which the yuan can trade in the 2% range at 7.1415 per dollar.
    More news on our website: https://bit.ly/4a81506
     
  20. KostiaForexMart

    KostiaForexMart Well-Known Member

    Joined:
    Mar 22, 2019
    Likes:
    55
    Location:
    Germany
    S&P 500: the forecast for 5600 points remains

    Analysts maintained an optimistic outlook for the S&P 500 index, expecting it to rise to 5600 points by the end of the year. The strong result of the second quarter, when the profits of S&P 500 companies increased by 10.5% year-on-year, exceeding the forecast of 8.1%, became the basis for such a positive attitude.

    Seven major technology companies contributed significantly to this growth, increasing earnings per share by 38%. It is important to note that the remaining 493 S&P 500 companies also showed positive profit growth, which is the first time in the last six quarters.

    Despite the good performance, profit growth forecasts for the second half of the year were slightly adjusted down to 10% y/y. Analysts note the risks to the market, in particular, rising unemployment and the likelihood of a recession.

    Nevertheless, they believe that reducing the dependence of the index's income on cyclical sectors may provide some stability. The consensus forecast for earnings per share (EPS) for 2024 coincides with analysts' estimate of $250, which supports the target for the S&P 500 at the end of the year.

    Analysts have expressed doubts about the ambitious forecast for profit growth of 15% in 2025, offering a more cautious forecast in the area of high single-digit percentage growth rates. Despite these considerations, analysts remain positive about the market and confirm their year-end S&P 500 target at 5,600.
    More news on our website: https://bit.ly/4a81506
     

Share This Page