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Post by andreaforexmart on May 31, 2017 0:31:00 GMT -5
Hello forum members!
Good day!
I am Andrea, an official representative of ForexMart. We would like to extend our services to you right here on this forum. Please follow this thread to get updated about our services, contests or any company-related matters. Suggestions, comments or opinions are all welcome. We will also be glad to attend to your inquiries.
We hope to hear from you soon!
Thank you!
Best regards,
ForexMart
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Post by andreaforexmart on May 31, 2017 5:50:53 GMT -5
US Budget Concerns Casts Doubt on Fed Plans
The US Federal Reserve is more than ready to raise its interest rates this coming June, but the possibility of the Congress rattling up the markets by slowing down progress on increasing the debt ceiling of the US economy has cast a shadow of doubt on the Fed’s next scheduled rate hike on September. Prior to this development, the Fed has been saying that they are currently planning to implement two more rate hikes before the year ends, but has now reverted to saying that the third rate hike for year might be in for some delays if the market gets shaken by possible disagreements on fiscal policies.
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Post by andreaforexmart on Jun 9, 2017 5:54:35 GMT -5
ECB not yet to Withdraw Stimulus Program
The European Central Bank decided to loosen its monetary policy on Thursday but indicated that it further needs some support from the central bank amid increasing growth.
Mario Draghi, ECB president, is very cautious in his announcement regarding the withdrawal stimulus.
During the meeting held on Thursday which is accompanied by 25 members of the council, the bank kept its interest rates and bond-purchase stimulus program steady.
The governing council settled small adjustments towards the 19 emerging countries that utilizes the European currency by stating that interest rates could probably move lower. While Draghi issued another significant change as he described that risk to growth is currently “broadly balanced”, the tweak was announced during the April wherein risk are said to "tilted to the downside."
Carsten Brzeski, analyst at ING-DiBa, allegorize the bank’s statement to a baby’s first step intended to taper the stimulus effort. The financial institution preserved its bond-buying program at 60 billion euros ($67 billion) each month which will last this year or longer.
Moreover, ECB officials were in a stew for the market’s response to the untimely notice that the stimulus will end as the rates will climb higher, undermining the effects.
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Post by andreaforexmart on Jun 12, 2017 1:12:46 GMT -5
The current Money Fall contest has already started on June 12, 2017 and will end on June 16, 2017.
You can register for the next competition which will take place from June 19, 2017 to June 23, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
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Post by andreaforexmart on Jun 12, 2017 3:03:32 GMT -5
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Post by andreaforexmart on Jun 13, 2017 5:32:56 GMT -5
Italy and Qatar to Continue Economic Ties
Countries, Italy and Qatar decided to maintain their deal regarding close integration on economy and finances. Even the decision of some Arab Countries along with Saudi Arabia and the United Arab Emirates is to break diplomatic, travel and trade agreement with Qatar.
The consensus was succeeded by a meeting between Italian Economy Minister Pier Carlo Padoan and Qatari Finance Minister Ali Sherif Al-Emadi held in Rome on Monday.
The two countries said in a joint statement that they discussed the ties in a very friendly atmosphere in accordance with its outstanding relationships on economics and politics
The visit of Al-Emadi in Italy is part of the leader’s European tours, hence he will also go to Berlin, London, Paris, and Washington.
The sovereign states of Arab which include Saudi and UAE ended its agreement with Qatar in the past week, they believe that Doha supports the finances of Iran together with other Islamist groups, but Doha refuted this accusation. While al-Elmadia stated earlier on Monday that his country is able to protect its economy against these charges.
In an interview with CNBC, he further mentioned that those countries that inflicted such sanction have the tendency to lose money due to the damage it wrought in the business sector of the region.
"A lot of people think we're the only ones to lose in this ... If we're going to lose a dollar, they will lose a dollar also," the leader added.
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Post by andreaforexmart on Jun 16, 2017 2:41:23 GMT -5
Job Creation in Australia Reached 42,000, Unemployment Rate Slowdown by 5.5% in May
Australia created additional jobs with a total of 42,000 which exceeded the expectations of 10,000 as indicated in the roughly calculated poll led by Reuters, disclosed by the Australian Bureau of Statistics on Thursday. However, the number of unemployed for this month accounts to 5.5 percent which came in lesser than predicted 5.7 percent.
The Aussie dollar further gained strength after releasing the current employment data of the Australian economy at exactly 9:30 HK/SIN while the exchange rate against its American counterpart is greater by 0.5 percent.
The employment figures appeared to be volatile but the rate in the past few months showed some development within the labor sector, said by Steven Milch, the chief economist of Suncorp. Mr. Milch also mentioned that the number remained stable for the third consecutive month and much stronger than their anticipated figures.
In case that the trend will continue, it will also increase the wages which could reinforce the reflection of the RBA towards the economy as a “half empty glass”. This shows that the Reserve Bank of Australia is not probable to revise its policy anytime.
The central bank announced that earlier this June the labour market indicators will remain mixed, keeping its benchmark cash rate on hold at a record low of 1.5 percent. The financial institution also noted that the slackening of real income will curtail the growth in household spending.
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Post by andreaforexmart on Jun 23, 2017 0:12:54 GMT -5
US Stocks Plunge after Brent Crash
The majority of US stock prices crashed on the back of an ever-worsening bout of slump on both industrial and oil shares, eclipsing recent price rallies caused by growth in biotech and aviation technology companies. Brent crude prices dropped to just under $45 per barrel and is now at par with WTI in terms of living with a highly bearish market as US stockpiles continue to be above average and Libya resumes its production. The US dollar also subsequently dropped in value while US Treasury yields did not exhibit any major changes after it was able to regain its losses.
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Post by andreaforexmart on Jun 27, 2017 5:52:50 GMT -5
Sluggish Growth Prediction for Developed Countries
A U.S. central banker forewarned that advanced economies and financial institutions in the United States will face a slower economic growth for long-term unless fiscal officials do something to counter this. Although, this comes surprisingly since the Federal Reserve just increased its interest rates earlier this month and intend to do more rate hikes gradually to prevent overheating of the economy. This also indicates positive growth of the economic outlook. Federal Reserve president John Williams said that this optimism will only last for short-term and will change over time. With the sluggish growth, this gives a hard time for monetary policymakers to curb inflation and sustain full employment. This leaves the central bank with no choice but to rate hike since low growth trims the demand for investment and further push down the interest rates.
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Post by andreaforexmart on Jul 7, 2017 2:03:15 GMT -5
Oil Recovered As Bonds Progressed
Oil improved after a sharp decline and both of the European stocks and bonds were in the red on Thursday as the market awaits for the ECB minutes. This would determine the next actions of the central bank. Although, the Fed Reserve showed mixed signals on Wednesday. Bond yields climbed higher again as the benchmark of U.S. Treasuries rose more than 2.34 percent which increased the global borrowing rates. The market was caught in between the ambiguous results from FOMC minutes and the U.S. employment statistics on Friday. The beginning of G20 summit has been the center of attention after the long-range missile test this week launched by the North Korea.
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Post by andreaforexmart on Jul 20, 2017 5:05:32 GMT -5
Japan’s Economic Assessment in Moderate Recovery
The Japanese government maintains its basic evaluation on domestic economy indicated in the monthly report for July, which will be released on Wednesday. According to the Cabinet office, the economy of Japan is in a moderate recovery. In the previous month, the government increased its entire outlook for the first time after six months, underlining the advancement in business investment and private spending. Nobuteru Ishihara, Economic and Fiscal Policy Minister, submitted the latest report to the economy’s ministerial meeting. As indicated in the July report, the administration revised its content on producer prices assessment for the first time in 22 weeks, stating that the growth has recently slowed down. As the producer prices are said to be “rising moderately.” Changes slightly caused a delay on the price increase in petroleum products because of the halt in price hike of crude oil, said by an official from the Cabinet Office. Moreover, the government keep on hold its valuation on other sectors. While the household expenditure also rose moderately together with exports and capital investments. The report further mentioned that the economy is projected to recover with an improved income growth and employment in the short-term.
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Post by andreaforexmart on Jul 24, 2017 0:43:18 GMT -5
The current Money Fall contest has already started on July 24, 2017 and will end on July 28, 2017.
You can register for the next competition which will take place from July 31, 2017 to August 4, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
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Post by andreaforexmart on Jul 26, 2017 0:29:05 GMT -5
IMF Cut Growth Forecast for US Economy
The International Monetary Fund downgraded its growth outlook for the United States due to concerns regarding Trump’s capacity to carry out his promises to the economy to stir the American economy. Although the Washington-based organization provided a positive forecast in April, they had trim it down to 2.1 percent for this year and based on earlier projections for 2018, the US economy will gain 2.3 and 2.5 percent growth. While the global growth was held at 3.5 percent in 2017 and 3.6 percent for the next year according to the prediction of IMF managing director Christine Lagarde and described it as "quite well anchored". However, based on the World Economic Update, the IMF mentioned about the uncertainty towards the policies of President Donald Trump since it is a major factor in the leery growth projections for the US. Pres. Donald Trump got the presidential position six months ago, citing his plans about tax reductions, looser regulation and major infrastructure spending which triggered a rally on Wall Street. But the policies were stalled in the US Congress as the government continues to battle over other issues, like health care reform.
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Post by andreaforexmart on Jul 26, 2017 3:01:43 GMT -5
Positive German Business Confidence as Economy Strengthen
German firms are preparing for a bountiful period on the back of a slackening summer season. Business climate of the Germany boosted for the sixth month in July, claimed by the Ifo Institute. According to the poll, which includes 7,000 companies under the construction, manufacturing and trade sector around Europe’s biggest economy, the index increased to 116.0 which is adjusted from 115.2 last month. This was the highest level recorded for almost 26 years, compared with the Bloomberg’s median estimate showing a decline to 114.9. The euro moved higher following the issued data and continued to trade at $1.1660 at 10:24 a.m. Frankfurt time. Ebullient sentiment shows that the economy of Germany had performed strongly earlier this year and bound to run over until the second half. The continuous decline in unemployment had supported the domestic demand as the Bundesbank projected that the “lively” demand for exports will lead the manufacturing as a major growth driver. Clemens Fuest, Ifo President, said that “Sentiment among German businesses is euphoric”, citing that the German economy will stimulate ahead. Moreover, the country moved at a fast pace in a year during the Q1 while the International Monetary Fund is confident enough towards the nation’s growth outlook after upgrading its forecast for 2018 in the past months. The organization further mentioned that the development for 2017 is 1.8 percent and 1.6 percent in 2018, bolstered by the strong domestic demand and stabilized international trade. The Ifo gauges the present economic situation will gain 125.4 from the adjusted 124.2 and the measures of confidence will expand to 107.3 from 106.8. The GDP figures for the month of April to June is going to release on August 15.
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Post by andreaforexmart on Jul 28, 2017 2:03:55 GMT -5
Japan Household Spending Grew 2.3% in June
Japan’s household expenditure in the previous month accelerated most in 2015 since the available jobs heightened to its fresh 43-year highs. This shows that as the labour market tightens, it helps push wages and consumer spending up in a gradual pace. Last week, the BOJ retained its monetary policy, however, pushed back again to reach its price goal, underlining the gap between the weak inflation and steady growth. And further emphasized that it may take some time to scale down its massive stimulus. The Japanese economy grew at an annualized 1.0 percent earlier this year, indicating a consecutive growth for the fifth time on strong exports and expansion in personal consumption. According to analysts, the domestic demand is the main driver for a sustained growth in net exports but would probably reduce growth in GDP for the second quarter. The positive signs for household consumption consist of 60 percent of the economy and gained 2.3 percent in the year until June, that jumped for the first time after 16 months and acquired the largest annual gain in August 2015. While the median estimate of the economists is 0.6 percent which is further based on the polled data of Reuters by the Ministry of Internal Affairs and Communications issued on Friday. Moreover, the retail sales gained 2.1 percent in the year to June as shown in another set of data.
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