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Post by andreaforexmart on Nov 7, 2017 4:04:16 GMT -5
The current Money Fall contest has already started on November 6, 2017 and will end on November 10, 2017.
You can register for the next competition which will take place from November 13, 2017 to November 17, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
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Post by andreaforexmart on Nov 8, 2017 3:40:08 GMT -5
Shenzhen Topped as the Most Innovative City in China, says HSBC
Based on the new research led by the HSBC, companies that are located at Shenzhen in Southern China are considered the most innovative, even though a lot of traditional manufacturers shifted into the new economy along with the growing start-up sectors.
For ages, policymakers in the country are expecting for further innovation in order to heightened growth. This was reiterated by President Xi Jinping during his policy address during Chinese Communist Party’s 19th Congress in October, urging for greater modernization from Chinese firms and to acquire big data as well as to improve internet technologies and artificial intelligence.
The HSBC report assessed the “innovative power” of more or less 1,200 companies in China that were included in the list, the result shows that Shenzhen-based businesses obtained the highest average score. The main category for the assessment is gauged according to the range of its research and development investment statistics, total patent applications, as well as the inventive business model compared with other features.
The city was hailed as the most competitive urban in China, and ranked sixth most competitive all over the world, as shown in a separate data from the UN and the Chinese Academy of Social Sciences released last month.
Shenzhen is composed of more than one million private companies which includes business giants such as Tencent Holdings, BYD Auto Co., and Huawei and ZTE.
Other reports also presented that few of industrial provinces take after the ranking, particularly the plateau province of Shanxi, the northern Chinese province is known for its coal mining livelihood. Also, the northeastern Liaoning province is recognized for ferrous metals production and mining. The districts gained 34 percent and 29 percent in 2016, respectively, despite low levels of inflation.
Generally, the current “innovative power” from Beijing-based companies increased by 13 percent compared with the survey last year.
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Post by andreaforexmart on Nov 8, 2017 3:58:04 GMT -5
$1000 Draw
ForexMart clients can now get a chance to win $1,000 by joining ForexMart’s Chance Bonus offer. Simply deposit at least $300 or more in your trading account and you will automatically become qualified for the raffle.
Winners of the Chance Bonus offer will be chosen via random electronic draws. The $1000 is automatically credited every Monday to one of the eligible accounts which met the conditions of the raffle during the previous week. The Chance Bonus offer can also be mixed with other types of ForexMart bonuses. Clients can also opt to cancel their Chance Bonus eligibility by sending us a notification e-mail at support@forexmart.com.
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Post by andreaforexmart on Nov 9, 2017 1:11:23 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 Nov 16, 2017 1:37:18 GMT -5
PRC Besets with Bubble Risk Due to Excessive Reserves
The People's republic of China is confronted with bubble risk which was mainly due to higher money supply, as mentioned on Thursday by the deputy chairman of the economic and finance committee of the National People’s Congress. Huang being the appointed deputy chairman is also considered as the top financial expert where he noted the necessity to change the reserve system of the country’s foreign exchange. At the same time, the central bank needs to be independent in implementing the monetary policy.
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Post by andreaforexmart on Nov 21, 2017 1:22:28 GMT -5
VAT Returns of Small Firms Incorporates to UK GDP Calculation
The Office for National Statistics evaluates the British economy by overhauling its way which includes huge VAT amounts from smaller companies for the first time. In the previous survey, the gross domestic product of the country was mainly based on the turnover of 45,000 largest firms. Since December, the data from the third of Britain’s 1.8m VAT returns will also be included in the turnover for the calculation of official GDP results. With this, assessing UK economic growth will have dramatic changes for this could provide further insights from particular areas and industries. A higher proportion of VAT returns involves small businesses with a total of 98pc of UK companies. In the past estimates of GDP, pubs and restaurants sectors, particularly "food and beverage service activities" have high levels according to the 172 monthly poll and 28,000 tax returns. According to the ONS, a much more detailed data will provide a comprehensive output of pubs, restaurants and takeaways and restaurants among various regions. The first new estimate encompasses VAT returns coming from small and medium businesses including 100 or fewer headcounts. While survey for large companies will remain to be part of the data gathering and ONS’s report. As there is only 20 percent of smaller firms in the UK economy, which means that the data accumulated by the national statistical institute will be more accurate but the overall GDP result could possibly be not altered despite its inclusion because major firms have a greater impact. Based on the perspective of PwC’s Economist John Hawksworth, it would be better if the Statistics authority will release GDP forecast “ with and without (the) use of the new VAT data" respectively, in order for the public to understand the difference. On the other hand, ONS chief economist Nick Vaughan announced that including additional information will be a gradual process.
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Post by andreaforexmart on Nov 21, 2017 23:56:59 GMT -5
This week’s most popular deal:
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Post by andreaforexmart on Nov 23, 2017 0:39:29 GMT -5
Italian Economy Gradually Improves, says Dombrovskis
The economic situation in Italy is gradually improving, however, it is also important to cut down public debt, according to European Commission Vice-President Valdis Dombrovskis. Dombrovskis is expecting that the economy will grow in 2018, otherwise, it will remain below the EU average. He mentioned that debt "remains a source of vulnerability" that holdbacks the GDP of the country by 3.8% for debt servicing. The former Latvian prime minister stated that the Italian debt has a significant cost for the country as the current environment we are living has low-interest rates, however, changes in monetary policy upon an increase in inflation will heighten the costs which could further trigger instability. He also talks about the "structural problem" including stagnant growth and insufficient production which are the considerations with regards the reforms. Moreover, the vice president added that there are some developments among the banks in Italy while the level of impaired credits suddenly declined this year. Due to the interposition of Banca Monte dei Paschi di Siena (MPS) and Veneto banks, there are more or less 44 billion euros to 13.5% of the overall stock of NPLs is withdrawing from Italy’s banking system.
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Post by andreaforexmart on Nov 23, 2017 23:25:35 GMT -5
Economic Calendar
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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.
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Post by andreaforexmart on Nov 28, 2017 0:17:34 GMT -5
Post-Brexit Economy Plan of UK to be Launch
The plan of the government in expanding the British industry prior the EU exit is scheduled to be launched later. According to official forecasts, the purpose of the industrial strategy is to revised growth which has the tendency to slow down because of UK’s low economic performance. As mentioned by Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, Brexit indicates that the strategy could be considered as "even more important". Moreover, an agreement with the MSD (Merck Sharp & Dohme) to start a UK research centre is included in the strategy. The investment cost more than £1bn with an expectation to generate 950 jobs. Based on the government’s announcement, there was a significant vote of confidence within the strategy in boosting the UK economic performance after the EU exit. The launch of the strategy followed some days after the Office for Budget Responsibility (OBR) reported about the productivity outlook and the aggressive reduction of growth in Britain. While political allies and corporate groups believe that the solution is to acquire improved productivity and higher compensation is regarded as greater investments.
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Post by andreaforexmart on Nov 30, 2017 22:57:22 GMT -5
Good US Economy to be Passed to Powell
Jerome Powell is officially getting closer to becoming the next Fed Reserve Chairman. The Fed Governor said that he is not worried about another financial crisis in the banking system. Powell was asked during the Senate hearing on Tuesday if banks remain too big to fail, and he answered “No”. He noted that regulators were able to conduct positive negotiations and there could be nobody to have an idea about the previous situation in case that a run on occurred on one of these giant financial institutions. The incoming Fed head described that regulators were left with “no practical choice” and decided to let these huge banks to fail since the entire financial system resulted in a breakdown. In 2008, the Fed together with Treasury Department organized programs that could bring liquidity to American banks during the crunch which includes Bank of America (BAC), Citigroup and JPMorgan (JPM). Moreover, some were unable to survive like Lehman Brothers while Bear Stearns was bought by JPM at an extremely discounted price. At the same time, the US economy is seated in a better position compared during the Great Recession. The next Fed chair stated that the country may expand nearly at 2.5% in 2018 as reported this year. The 2 percent growth is regarded below the average level according to the majority of forecasters. Goldman Sachs also has the same prediction of 2.5% growth in the economic growth of the United States, and for the world economic outlook is expected at 4% increase. When talking about the US labor market, J.Powell expressed that the decline in the labor force participation rate among prime-age men indicates a dull employment despite the 4.1% jobless rate, as the reduced wage growth shows slack labor market. Just like Yellen, Powell stated his fears regarding low inflation rates, stressing the importance of reaching the 2% annual target.
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Post by andreaforexmart on Dec 1, 2017 1:34:59 GMT -5
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Post by andreaforexmart on Dec 4, 2017 3:43:51 GMT -5
U.K. Economy Forecasted to have a Moderate growth, CBI says
The tepid growth of the U.K. economy will remain for some time. This could weaken in the next years to come, as stated by the Confederation of British Industry.
The CCI current forecast says the development by 1.5 percent next year and 1.3 percent in 2019. This would be the worst annual operation since 2009 when the economy declined.
Yet, there is a drawback which will probably occur when the projections are high since they anticipate Brexit to proceed without a problem. The U.K. will most likely get to an agreement with the European Union regarding their transition deal early next year. This would take place when the Brexit leaves in March 2019.
The CBI also mentioned that the domestic demand will maintain its dovish stance in a definite time while there is economy support from net trade. This was based on the poll on Friday indicating that the U.K. manufacturing growth is strongest over four years time.
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Post by andreaforexmart on Dec 4, 2017 23:30:50 GMT -5
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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Post by andreaforexmart on Dec 13, 2017 2:50:19 GMT -5
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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