1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Join our $5,000 Cash Giveaway!

    Win Cash by Posting and Inviting New Members!
  3. 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. PALM FXMart

    PALM FXMart Member

    Joined:
    Jul 10, 2018
    Likes:
    0
    Location:
    ukraine
    British Manufacturing Weaken as Export Orders Decline

    [​IMG]

    UK manufacturers had a lackluster month after a couple of years while exports had an unusual downfall in August, and these serve as a warning for the potential economic decline as the Brexit issues also affects British factories, according to a survey.

    The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) is down to its lowest level since July 2016 at 52.8 due to Brexit vote, while Reuters poll of economists showed a median estimate of 53.8.

    Moreover, the pound appears to be sluggish against its rivals dollar and euro after the published data, as experts also mentioned that the possible exit of the European Union in March 2019 without a finalized deal would likely reflect on the sentiment.

    Factory orders became unsteady in more than two years, which was greatly affected by the initial decrease in export orders since April 2016. The uncertainty in the British exit approximately in seven months supported the business confidence to reach a 22-month low.
     
  2. PALM FXMart

    PALM FXMart Member

    Joined:
    Jul 10, 2018
    Likes:
    0
    Location:
    ukraine
    Australian Economy Strengthen Due to High Consumer Spending

    [​IMG]

    The resilient economy of Australia showed robust growth during the Apr-Jun quarter this year, along with the growing exports, consumer expenditure, and government spending, based on the official data issued on Wednesday.

    The Australian economy grew by 0.9 percent for the second quarter, after the 0.7 percent expansion in the first quarter, to take the annual growth rate to 3.4 percent. However, the quarterly reading was way far than the market forecasts of 2.8 percent, following the yearly reading of 3.1 percent on Q1. The increase had pushed the Australian currency to reach nearly half a cent to 72.17 US cents.

    Moreover, household spending escalated to 0.7 percent which added 0.4 percentage points of growth, as net exports contributed 0.1 percentage points. On the other hand, the government expenditure was up by 1.0 percent to extend its highest growth throughout the year.
     
  3. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    08.11. Gold shows worst indicators in two years

    Gold prices continue to show the worst performance over the past two years, responding to positive news on the settlement of trade differences between the US and China. Today, gold futures for December delivery fell to $1,457.10 per troy ounce, plummeting from the $1,493 area. Such lows were the biggest loss since 2017.

    The pressure on the precious metal was exerted by news about the mutual abolition of US and Chinese duties. The elimination of duties is one of the main conditions for concluding the first stage of a trade deal. Success in negotiations supports the full range of risky assets, and gold, as a rule, moves in the opposite direction from risk.

    Additional pressure on gold was exerted by the news that the People's Bank of China, being a constant accumulator of gold bullion, was not able to replenish its reserves again in October.
    news.jpg
     
    Last edited: Nov 8, 2019
  4. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    11.11. Oman believes non-OPEC will extend the deal to reduce oil production

    Oman’s energy minister Mohammed bin Hamad al-Rumhy said today, that OPEC and non-OPEC producers will probably extend a deal to limit crude supply, but the oil production will be kept at the current level (1.2 million barrels per day).

    The minister also noted, that oil demand was improving lately as trade tensions soften and that Oman was satisfied with current oil prices.

    The Organization of Petroleum Exporting Countries (OPEC), Russia and other allies have agreed since January to reduce oil production by 1.2 million barrels per day to maintain the market. Nowadays the experts see signs of improvement in the situation with balance of demand and supply in the oil market, fear of recession is getting lower, and optimistic signals about a trade agreement between the US and China make unnecessary the further reducing measures.
    [​IMG]
     
  5. Stefan

    Stefan New Member

    Joined:
    Jun 20, 2019
    Likes:
    3
    Occupation:
    Engineer
    Location:
    US
    we have seen the biggest price of gold few months ago already
     
  6. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    12.11. The world’s largest trade deal could be signed in 2020

    After more than 6 years of negotiations, a group of 15 Asia-Pacific countries is going to sign the the world’s largest trade agreement in 2020. The deal is called Regional Comprehensive Economic Partnership (RCEP) and it will involve all 10 countries from the Association of Southeast Asian Nations (ASEAN) bloc and five of its major trading partners: Australia, China, Japan, New Zealand and South Korea. The United States are not to be the joiner to the RCEP.

    Initially India planned to join the mega-deal, but later decided to abstain from participation in trade pact over concerns that it would hurt domestic producers.

    In any case, the 15 member-countries make up close to one-third of the world population and global gross domestic product.

    So, the uniting within the RCEP would boost trade throughout the group by reducing tariffs, standardizing customs rules and procedures and expanding market access, especially among countries that have not concluded trade agreements.
    [​IMG]
     
  7. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    13.11. The results of D. Trump’s speech at the Economic Club of New York

    Yesterday in a speech to the Economic Club of New York US President Donald Trump announced the «imminent» prospects of completing the first phase of the trade deal with China, but did not provide any new details about the talks.

    The president’s speech disappointed investors, as they awaited any important political statements to be made. But Trump didn’t announce the place and date of signing a trade deal with Chinese President Xi Jinping, as it was expected before. Instead of this American president threaten to «very substantially» raise tariffs on Chinese goods if China does not make a deal with the United States.

    Along with this Trump noted, that the US would only accept the deal if it served the interests of his country, American employees and companies.

    The biggest part of president’s speech was devoted to success of White House administration. Trump said his staff had worked hard to bolster the economy despite of «too many interest rate hikes by the Federal Reserve».
    [​IMG]
     

  8. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    19.11. Global stocks hit two-year highs

    Today world stocks reached two-year highs, as investors still believe that the US and China will be able to close a deal and put an end to a destructive trade war. The two largest economies in the world are negotiating a deal, which must end the 18-month trade conflict that shook global markets, but at the same time Washington is intending to introduce additional duties on Chinese goods on December 15.

    Despite the lack of clarity on the progress of the talks, investors are encouraged by the growing hopes to reduce recession risks. Moreover, monetary easing by large central banks, such as China, has also helped to strengthen investors sentiment towards stocks.

    Thereby, the global MSCI index, which tracks stocks in 47 countries, added 0.1%, reaching the highest level since last January. European stocks also rose: Euro STOXX 600 added 0.4%, peaking since July 2015. Indices in Frankfurt (GDAXI) and London (FTSE) rose 0.4% and 0.5%, respectively. Futures on Wall Street (ESc1) also showed a positive start, adding 0.2%.
    [​IMG]
     
  9. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    20.11. Trump says China tariffs will go «even higher» without deal

    On Wednesday, American futures fell after US President Donald Trump again threatened to increase duties on Chinese goods if the parties did not sign a trade deal in the near future.

    «If we don’t make a deal with China on our terms, I will raise the tariffs even higher», – Trump told reporters at the meeting in the White House. Trump’s message frightened investors and made them turn to defensive assets.

    Moreover the most of US futures showed decline. In particular, the Nasdaq 100 index fell 41 points or 0.5%, Dow futures lost 103 points or 0.4%, and S&P 500 futures fell 10 points or 0.4%. Urban Outfitters Inc shares fell 16.1%, Pacific Gas lost 4.7% at the premarket, while Micron shares declined by 1.3%.
    [​IMG]
     
  10. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    21.11. Russia expects Nord Stream 2 to begin operations in mid-2020

    Deputy Prime Minister Dmitry Kozak said that Russia’s Nord Stream-2 gas pipeline is expected to begin operations in mid-2020, despite opposition from some European countries and the United States.

    The States affirm that the gas project will increase Europe’s dependence on Russian gas, which runs counter to the interests of the White House. As a result, the United States were putting pressure on European countries to slow down the Russian project.

    For example, Denmark issued a permit to build a gas pipeline in the country's exclusive economic zone only at the end of October. Earlier, the Russian president called on the Danish authorities not to succumb to pressure from the United States and to defend their sovereignty.

    Recall that Nord Stream-2 will run along the bottom of the Baltic Sea from the coast of Russia to the coast of Germany. The throughput of the pipe is 55 billion cubic meters of gas per year. The project cost is estimated at 10 billion euros.
    [​IMG]
     
  11. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    22.11. European markets lost growth after weak PMI

    On Friday, European stock markets slowed earlier growth. It was caused by the publication of the weak preliminary business activity index (PMI) in the Eurozone, which didn’t show the visible improvement in the economy of the region, still weighed down by the trade conflict between the US and China.

    According to IHS Markit, in October, the composite business activity index in the European Union fell from 50.6 to 50.3, fell short of the expectations for an improvement to 50.9. Data from France and Germany showed that manufacturing PMIs were stronger than expected, but service sector activity slowed sharply.

    Christina Lagarde, the new president of the European Central Bank noted, that she was not intended to sharply change the monetary policies of her predecessor, Mario Draghi. And judging by the shares, banks are confident that in the near future easing of monetary policy will not happen.
    [​IMG]
     
  12. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    25.11. Former New York City Mayor Mike Bloomberg officially announces he's running for president

    The billionaire former mayor of New York City Michael Bloomberg officially announced on Sunday that he was running for president in 2020 as a Democrat.

    Earlier Michael Bloomberg, whose fortune is estimated at $45 billion, abandoned the idea of running in the presidential race after former US Vice President Joe Biden (who was seen by everyone as an unconditional leader) went to the polls. But in the last two months, Biden’s position has been shaken and Senator Elizabeth Warren, of extremely left-wing views, began to take the lead.

    But this was not long and soon Warren began to lose to the incumbent US president. This fact made Democrat-centrist Michael Bloomberg take the decision to return to the presidential race.

    The billionaire said: «The US cannot afford four more years of President Trump's reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage».

    So, on Sunday there appeared the first pre-election video of Michael Bloomberg started on television – he spent $34 million on this advertisement, which will be broadcast on the air for another week. It is noted, that Bloomberg is going to finance the campaign completely from his own funds and not accept donations.
    [​IMG]
     
  13. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    26.11. Oil gains on optimism in US-China trade talks

    According to trading data, world oil prices began to rise today amid optimism around the prospects for trade relations between the US and China. Additional support for oil quotes is provided by expectations of the OPEC+ meeting in early December. The current Brent oil price is $63.18 per barrel.

    Washington-Beijing trade relations continue to affect the oil market. Top US and Chinese trade negotiators held a phone call on Tuesday: Deputy Prime Minister He, the US Minister of Finance S. Mnuchin and the sales representative R. Lighthizer reached an agreement on many issues, including the cancellation of part of the tariffs. The optimism that the trade conflict will at least ease somewhat is currently preventing prices from falling.

    Traders are also waiting for news on the prospects of the OPEC+ deal. The OPEC and OPEC+ meetings will be held December 5-6 in Vienna. Last week, Russian Energy Minister A. Novak said it was too early to talk about extending the OPEC+ deal. At the same time, Reuters reported, citing sources, that OPEC+ could extend an agreement to reduce oil production immediately until June at a meeting in December.
    [​IMG]
     
    Nathan Detroit likes this.
  14. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    27.11. US GDP growth revised up to 2.1%

    According to the press release from the US Department of Commerce, the US economy grew at a 2.1% annual pace in the III quarter, which exceeded forecasts. Analysts expected to maintain the indicator at the level of the first estimate of 1.9%.

    In the first quarter of 2019, the American GDP growth in annual terms amounted to 3.1%, in the second – 2%. In the 2018 the figures were the following: in the first quarter the growth was 2.5%, in the second quarter – 3.5%, in the third – 2.9%, in the fourth – 1.1%.

    Economists believe that economic growth was caused by a stronger pace of inventory accumulation and a less steep decline in business investment.
    [​IMG]
     

  15. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    28.11. Bitcoin grows after drawdown the previous days

    After a drawdown amid the news about the hacking of the Upbit exchange, the price of bitcoin showed a sharp increase. The current cryptocurrency quote is $7,622. The total market capitalization surpassed the $200 billion mark, the dominance index rose to 66.6%.

    Earlier, the Bitcoin exchange rate crashed to the level of $6,553 after the South Korean cryptocurrency exchange Upbit confirmed the fact of hacking. Hackers stole 342 thousand ETH ($48.2 million) from a hot wallet. All assets, were transferred to cold wallets. The exchange intends to indemnify in full.

    Some observers are sure that an insider worked among the exchange’s employees, since the attack was carried out at the time the exchange moved funds.
    [​IMG]
     
  16. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    29.11. Eurozone inflation rises quicker than expected in November

    According to preliminary estimates of European statistical agency Eurostat, annual inflation in 19 countries of the Eurozone in November jumped to 1% from 0.7% in October. Analysts predicted acceleration of inflation to 0.9%.

    A year earlier, in November 2018, annual inflation in the eurozone was 1.9%. According to preliminary estimates, core inflation in November amounted to 1.3% against the level of October at 1.1%.

    The acceleration of inflation in the region was caused by a rise in food and services prices. Core inflation excluding food and energy prices picked up to 1.5% from 1.2% a month earlier, beating expectations for 1.3%. The inflation excluding alcohol and tobacco prices, accelerated to 1.3% from 1.1%, ahead of forecasts for 1.2%.
    [​IMG]
     
  17. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    02.02. China imposed sanctions against a number of US organizations

    According to a statement by representatives of the Ministry of Foreign Affairs of the People's Republic of China, the Chinese authorities imposed sanctions on US non-governmental organizations for «supporting extremist activities» in Hong Kong.

    The sanctions affected Human Rights Watch (HRW), the National Democratic Institute for International Affairs, and Freedom House. The Chinese authorities also decided to suspend the review of requests by US military ships and aircraft to visit Hong Kong.

    The MFA explained that the reason for the sanctions was the US-approved law on the protection of human rights and democracy in Hong Kong. China took this as a serious violation of international law and interference in the internal affairs of China.

    Recall that the protests in Hong Kong began in late March due to dissatisfaction of residents with the draft law on extradition to China. After the revocation of the bill the demonstrations did not stop. US President Donald Trump signed two bills in support of protesters in Hong Kong on November 27, despite Beijing’s repeated objections.
    [​IMG]
     
  18. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    03.12. Trump: The deal with China will have to wait until the 2020 elections

    U.S. President Donald Trump noted that he could postpone the signing of a trade agreement with China for an indefinite period, until the US presidential election in November 2020. Such news alarmed the markets, depriving hopes for a quick resolution of a trade dispute, that slows down the global economy.

    At a meeting with reporters, Trump said that he was ready to wait until the election. At the same time, the American president continues to insist that the deal should fully comply with the interests of the United States, otherwise it simply may not take place.

    Following Trump's comments, stock prices in Europe and the Chinese yuan fell to local lows.
    [​IMG]
     
  19. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    04.12. U.S. private sector job growth slows down sharply in November

    According to the press release from the analytical company Automatic Data Processing (ADP), U.S. private-sector employment increased only 67,000 in November.

    The gain was well below forecasts from economists who expected a gain of 156,000. It turned out to be the smallest gain since May. Prior to the ADP data, analysts expected Friday’s government report will show 189,000 jobs created in November up from 128,000 in the prior month.

    In the small business sector the number of jobs increased by 11 thousand, medium-sized companies with 50-499 employees increased their staff by 29 thousand, and large companies created 27 thousand new jobs.
    [​IMG]
     
  20. KostiaForexMart

    KostiaForexMart Member

    Joined:
    Mar 22, 2019
    Likes:
    7
    Location:
    Germany
    05.12. The number of filing applications for unemployment benefits in the US fell by 10 thousand

    According to the report of the US Department of Labor, the number of Americans filing applications for unemployment benefits unexpectedly fell last week ending November 30, hitting their lowest level in seven months. The indicator decreased by 10 thousand compared to the previous week and amounted to 203 thousand.

    The indicator of the previous week amounted to 213 thousand.

    Analysts had expected the number of initial applications to grow by 2 thousand compared to the previous week and will amount to 215 thousand.
    [​IMG]
     

Share This Page