Daily Company News from ForexMart

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Better Global Economic Standing Despite Rise in Unemployment Rate
Recent data showed a 3% growth but this was because of short-term fleeting factors. The unemployment rate stayed low while the underemployment and long-term unemployment has increased with weakened nominal wage and inflation. This is in contrast of unemployment rates released by IMF saying that it increased were majority part-time.
Australia's economic status is performing better than other countries and it would get stronger if there will be more investments and invigorate business confidence. However if the investments remained subtle, company earnings would be affected and be in tension. Also, the consumer consumption would stay low if the job earnings would not increase.
The RBA should keep interest rate slow and maximize infrastructure spending to increase in employment rates in current global economic environment.

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US Dollar Drops, Asian Stocks Bounce Back as Trump Victory Shock Fades
For the first time in nearly four days, Asian stocks increased in value while the USD dropped from its five-month high against the Japanese yen due to investors questioning the possible overreaction of the financial market to Donald Trump’s recent win during the US elections. The MSCI Asia Pacific Index increased due to energy shares after crude oil prices rose to its highest levels in seven months after the OPEC finally agreed on proposed output cutbacks. For the major currencies, the KRW had the most gains after rebounding from its near-record lows since June 2016. The Japanese 10-year bond yields were also able to maintain its zero value after staying within negative territory for a total of eight weeks.

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The highest-ranking Russian official accused for receiving $2m bribe

The Economy Minister of Russia, Ulyukayev were accused for accepting payments after he approved the takeover of 50% stake of Bashneft to a giant oil company, Rosneft. According to the investigators, the Russian minister collected $2m (£1.6m) worth of bribe, however, Ulyukayev pleaded not guilty on the allegation.

Alexei Ulyukayev is considered to be the highest-ranking Russian official to be dismissed and arrested since the failed coup in 1991.

The minister was arrested Tuesday morning and expected to face eight to 15 years of imprisonment but he continued to denied the blame and described it as “an act of provocation against a state official”. Moreover, the court allowed him to take a house arrest until January 15.

President Vladimir Putin take an immediate action and impeached Mr. Ulyukayev since the 60-year-old minister broke the trust of Putin. The acting economy minister recently appointed was Yevgeny Yelin.

[luisforexmart]

Morgan Stanley Bank Gained $10m After Stocks Rallied

Morgan Stanley acquired more than 10 million U.S. dollars equivalent to 8 million pounds of shares after Trump’s victory in U.S. presidential election. Stocks rallied in effect of post election and the bank, Morgan Stanley collected as much as a fifth of their collated earnings as their highest for more than a year.

After the election, this has been the best performance as stocks recovered from 2008 to 2009 financial crisis. The market sees Trump’s campaign to elevate inflation of infrastructures and Federal Reserve’s fiscal policies that further boost banks turnover.

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Dollar Falls, Bonds Increase, Asian Stocks Fluctuate Prior to Yellen Statement
The USD lost a significant amount of its value as compared to other major currency pairs while Treasury yields surged and Asian stocks experienced fluctuations prior to the release of the US inflation data, as well as a testimonial from Fed Chairwoman Janet Yellen which is expected to determine market expectations on the US interest rate. Meanwhile, the EUR edged higher after a nine-day slump as the dollar index reverted back from its highest level reached in nine months. New Zealand and Australian stocks extended its gains, while benchmark Treasuries also inched higher. Crude oil prices fell as American stockpiles incurred more gains in the market.

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The number of jobless claimants in UK grew by 9.8K

The office for National Statistics of UK presented mixed data of unemployment rate which fall to 4.8% from the previous 4.9%, it is considered the lowest since the third quarter of 2005.. The Claimant Count Change presented a negative outlook as the number climb up to 9.8k in the month of October, the result is greater than the expected which is 2K only.
Moreover, the data released last September got affected and modified as it rise to 5.6k with only 0.7K on the previous result. This occurrence showed some signals about the worsening conditions in the labor ministry. This complication further stirred the GBP/USD as it insignificantly slid downside.

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Penalty Seems to Hit RBS Shares
The Royal Bank Of Scotland (RBS) may be penalized amounting to $5 billion to $12 billion that may affect shares of the bank. This hinders the U.S. government to sell shares around 72% holdings with RBS as they are charged with mis-sold mortgages securities prior to the financial crisis in 2008. The amount of the fine strains the value of the bank as said by a representative of RBS. In effect, investors cannot estimate how much worth are the shares of RBS.

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ForexMart Launches Web Terminal for Traders

We have launched a trading web terminal which will be available to all ForexMart clients.

This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.

The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.



The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit <here> or you can contact our customer service at [e-mail]

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US consumer price indices increased in October

The CPI of the United States had recorded its largest gain for six months in October due to the rise of oil prices and house rents which further suggested for a bounce back in inflation and pave the way for the Fed Reserve plan for December rate hike.
According to the Labor Department, the CPI upsurge by 0.4 percent for the previous month, while additional 0.3 percent in September. For the past six months until October, the economic indicator rose 1.6 percent which is the biggest increase since 2014.
The non-food-manufacturing inflation established a moderate stance. The petroleum prices pop up to 7.0 percent after the 5.8 increase in September. On the other hand, prices for food remained for four consecutive months. The housing and shelter also advanced seeing the rates for rents expand to 0.4 percent. Moreover, the medical provision stayed the same, medical prescription grew by 0.2 percent. Other goods like vehicles and clothing also had an increase in prices.

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#ForexMartEconomicNews
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Thai Economy Slows Down as International Risks Increase, Investments Weaken
The economic growth of Thailand slowed down during the previous quarter due to a relative weakness in the performance of private investments which is now compelling the Thai government to increase spending in order to shield the economy from an increase in international risks as well as burgeoning political uncertainties in the region following the death of King Bhumibol. Thailand is now expected to deal with added volatility in the financial market due to the unexpected results of the US elections as well as the death of the Thai king. On the other hand, the military junta has already guaranteed assistance with regards to infrastructure as well as financial support for farmers.

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U.S. Treasury Yields Soar with Strong Dollar
The U.S. Dollar reached a six-month record high on Monday's Asian trading session because of Trump's planned fiscal policies and goals to drive growth. The uncertainty brought by the so called “Trumponomics” has made the financial market to buy dollars and sell U.S. Treasuries which is expected to persist for some time. Although there might be correction near Thanksgiving.
For five years, the U.S. Treasury yields have reached a highest two-week gains. This includes all types of maturities which is an after-effect of U.S. Presidential election. People waiting what will happen next after Trump's victory has further boosted the greenback to thirteen and half year highs compare to basket of currencies.

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Asian Stock Market Traded Mixed Due to Dollar Easing
The kiwi established a firmer stance last Friday on subsequent to the softening of the USD two days ago, along with some selling of securities on the seller’s side. On the other side, the reversal process is bounded since the NZD touched the pressured area in the time of the opposing conditions of the RBNZ policy targets between the Fed.
Sellers still rule the overall market on Friday. The New Zealand currency is trading on its multi-month lows and keep going with a negative trend. The pair found a predetermined level around the 0.7000 region and that declined the price upwards. The buyers slightly regain its losses upon the increment of the prices and reached the 0.7050 level in the post-European session. Moreover, the buyers fall short to obtain its recent level, the price entered the aforesaid area and had a steep decline. The kiwi stayed under the moving averages according to the 4-hour chart. The 50-EMA pass over the 100 and 200-EMAs and had an additional dip. The current resistance is projected at the 0.7050 level, support gained the 0.7000 region.
Technical indicators bounce back from the oversold condition, however, hovered around the bearish pattern. The MACD histogram grew lesser favoring strength for the sellers. RSI kept intact around the oversold levels.

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CBI’s Latest Industrial Trends Survey Showed an Increase on Manufacturing Orders But Remained to be Weak.
The manufacturing order books heightened although the export orders and economic growth eased within this month as indicated in the order results of the Industrial Trends Survey.
The survey includes 430 manufacturers and assessed that the total order books restored its previous level which prevails during the whole period of summer and seen on top of the long-term average. Moreover, the orders for exports dropped down slightly but managed to sustain an above average result.
The volume for output made a slow growth which is about three months later. There is hope that the production for the upcoming quarter appeared to be in good shape yet its highest level was recorded last February 2015. In light of the steep decline of the sterling pound, manufacturers await for the possible extension of the average selling prices for the succeeding months.

[luisforexmart]

CBI’s Latest Industrial Trends Survey Showed an Increase on Manufacturing Orders But Remained to be Weak.
The manufacturing order books heightened although the export orders and economic growth eased within this month as indicated in the order results of the Industrial Trends Survey.
The survey includes 430 manufacturers and assessed that the total order books restored its previous level which prevails during the whole period of summer and seen on top of the long-term average. Moreover, the orders for exports dropped down slightly but managed to sustain an above average result.
The volume for output made a slow growth which is about three months later. There is hope that the production for the upcoming quarter appeared to be in good shape yet its highest level was recorded last February 2015. In light of the steep decline of the sterling pound, manufacturers await for the possible extension of the average selling prices for the succeeding months.