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Post by andreaforexmart on Sept 25, 2017 23:21:09 GMT -5
Oil Steady Gains Amid Pressure In Market Rebalancing
The oil market is under pressure because of a surge in U.S. dollar but kept their profits from the former session. This was mainly due to the major meeting from producers in Vienna which aims to rebalance their asset allocation. Since the beginning of 2017, members of the Organization of the Petroleum Exporting Countries including other oil producing countries such as Russia reduced the output by 1.8 million barrels per day. This action is helpful in easing of global crude inventories towards OPEC’s target of the five-year average. The London Brent crude for November delivery declined by 4 cents at $56.82 a barrel by 0614 GMT which is close to the highest rate since the third month of the year. On the other hand, the U.S. crude market for November delivery dropped by 10 cents at $50.56 but not too far from the latest four-month highs. The WTI crude decreased to the same month of Brent futures reached $6.28 which has been extensive since August 2015 and further pressured damages incurred by the U.S. refineries following the hurricane disaster. The dollar index rose by 1 percent against other currencies. The euro declined following the rally in Germany after the election which demonstrates support for the far-right party and prompted Chancellor Angela Merkel to be in opposition. The energy minister from Russia publicized that there is no agreement yet on the extension of output reduction after March. Yet, this is anticipated before January and this decision is anticipated before the year ends.
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Post by andreaforexmart on Sept 27, 2017 0:10:19 GMT -5
Chinese State-owned Firms Higher Gains Until August 2017
State-own companies in China had an increase in profit gains by 21.7 for last month compared to the same period for the year of 2016, as stated by the Ministry of Finance on Tuesday. The collated profits were 1.9 trillion yuan or $287.27 billion for the eight months of the year since January. As for the revenue, it climbed 15.5 percent to 33.08 trillion yuan. Yet, the debts of state firms soared 11 percent to 96.49 trillion yuan set side by side to the previous year at the end of August.
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Post by andreaforexmart on Sept 27, 2017 2:29:34 GMT -5
ECN Technology
ECN Technology using your favorite trading platform.
What is ECN?
ECN, which means "Electronic Communication Network" is a process which grants direct access between market participants particularly the small traders (banks, investment funds, and individuals) and the top liquidity providers. By creating this direct link, clients are able to have an efficient and effective trading process which mitigates risk and maximizes profit opportunities. And because ECN technology eliminates the intermediary and dealers, clients have faster and cheaper trades.
Why should you choose ECN broker?
The ECN broker field is relatively new with fewer competition. It’s only now enjoying the popularity that it has due to the rising numbers of clients that are trading and realizing its benefits. And there are quite a lot of advantages that ECN offers. The following are just some :
Tight Spreads
Clients enjoy trade executions with tight spreads. This means that there are no limit or stop levels and traders can freely trade within the spread.
Instant Executions
ECN technology was developed to accommodate and process trades instantly. Using our system, clients are able to live stream, match orders, and receive immediate confirmation.
No Re-qoutes
ECN Brokers eliminate the need for intermediary desks and thus optimizing the trading process for a faster execution and quicker confirmation without re-quotes.
Direct Access
Clients are granted direct access to the top liquidity providers such as world-class banks and prestigious financial executions. This means they are able to trade on global liquidity.
Trading Strategy
With the ECN technology, traders can use any trading strategy they want, even scalping. There are no restrictions on this end.
Automated Trades
Trades using ECN technology are automated as the system searches and matches orders automatically. This optimizes the broker's work time.
What is ForexMart’s ECN Technology?
ForexMart’s ECN Technology allows for the clients to enjoy tight spreads, low commissions, and efficient executions. We developed a system that instantly searches and matches orders in real time. It automatically executes orders that fit your conditions. This ensures a quick and optimum trading experience.
Maximize your opportunities with ForexMart's ECN technology and enjoy the benefits t
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Post by andreaforexmart on Sept 28, 2017 3:40:02 GMT -5
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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Post by andreaforexmart on Sept 29, 2017 0:22:26 GMT -5
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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Post by andreaforexmart on Sept 29, 2017 3:24:47 GMT -5
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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Post by andreaforexmart on Oct 2, 2017 2:18:25 GMT -5
This week’s most popular deal:
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.
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Post by andreaforexmart on Oct 3, 2017 3:14:55 GMT -5
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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Post by andreaforexmart on Oct 3, 2017 4:37:59 GMT -5
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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Post by andreaforexmart on Oct 3, 2017 22:37:48 GMT -5
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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Post by andreaforexmart on Oct 5, 2017 3:59:21 GMT -5
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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Post by andreaforexmart on Oct 9, 2017 22:43:29 GMT -5
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.
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Post by andreaforexmart on Oct 10, 2017 2:23:50 GMT -5
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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Post by andreaforexmart on Oct 11, 2017 3:28:39 GMT -5
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.
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Post by andreaforexmart on Oct 12, 2017 0:37:34 GMT -5
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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