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Post by luisforexmart on Sept 15, 2016 6:10:20 GMT -5
ForexMart Becomes Official Partner of RPJ Racing Thu Sep 15 06:30:25 GMT 2016 | Racing driver and rock musician Rick Parfitt Jnr’s company has officially become the newest member of ForexMart’s growing list of partners. The agreement comes during a time of great prosperity for both companies with RPJ slated to race in the upcoming GT Championship while ForexMart has recently received awards including the New Best Broker Europe 2016 awarded by International Finance Magazine. This partnership strengthens the shared mission and vision of both companies to strive only for excellence. ForexMart and RPJ Racing will be collaborating in delivering quality service to their clients. The partners plan to launch joint marketing and advertising campaigns in the near future. The RPJ Racing Company is participating in the upcoming British GT Championship. Former champion Rick Parfitt Jnr will be joining Team Parker Racing aboard a Bentley Continental GT3 and ForexMart gives its full support to its new partner in their venture. ForexMart and RPJ Racing look forward to a fruitful partnership. Visit - www.forexmart.com/news/article/136
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Post by luisforexmart on Sept 15, 2016 6:14:15 GMT -5
ForexMart announced an official partnership with Spain's La Liga Football Club "UD Las Palmas" Juan Valeron - Legendary Las Palmas player ForexMart Company became an Official Partner of Union Deportiva Las Palmas. Joining top Forex division we are pleased to congratulate our existing and new clients with new opportunities. Here is how the cooperation with such a great team was commented by ForexMart CEO Savvas Patsalides: "With great enthusiasm, we are launching this exciting cooperation as official partners of UD Las Palmas. This year signalizes a new page for Las Palmas history and a milestone event for ForexMart!" UD Las Palmas reaches “The League of the Stars” with the long term intention of remaining there for the seasons to come, with the belief to stand out, to grow, continue its long history, becoming legends and make “La Liga, the best place to dream”. Ildar Sharipov, president of ForexMart, also has shared his welcoming words to a new partnership: "We believe Las Palmas will be a solid player in the top division of Spanish football - La Liga - the strongest and most popular football league in the Europe. This is something we were looking for a long time: the best is meeting the best." UD Las Palmas Executive Director - Patricio Vi-ayo, points up that the CLUB is proud to attract foreign sponsors with future prospects: “ Our sponsorship policies aims to link our image to well positioned companies and to work together following the planned marketing strategies for a successful relationship. ForexMart has this profile and we are fully convinced of this partnership.” Union Deportiva Las Palmas, founded in 1949 with 31 seasons playing in Spain's football first division (La Liga), comes back to the highest league in the country after 13 years break. The representative football club of the eighth largest city of Spain, Las Palmas on the island of Gran Canaria, aims to consolidate its ambitious project inviting our company to join them. We believe this contract will have a positive impact on the development of both sides. New partnership also gives ForexMart clients a chance to get unforgettable VIP impressions of visit games at Gran Canaria Stadium which has the capacity of 31,250 spectators. Follow-up company news to get more details. Visit - www.forexmart.com/las-palmas
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Post by luisforexmart on Sept 28, 2016 3:47:07 GMT -5
Bank of Japan to Work with PM Shinzo Abe in Order to Beat Deflation and Improve Economic Growth Japanese Prime Minister Shinzo Abe has told economic analysts on Wednesday that the government of Japan will be closely working with the country's central bank and will utilize all possible policy tools in order to combat rising deflation rates and bolster Japan’s economic growth. The Bank of Japan’s most recent shift was with the central bank’s policy framework, whose goal was to hit the 2% ceiling inflation target, according to Abe’s statement to Japan's upper parliament house.
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Post by luisforexmart on Sept 28, 2016 4:01:36 GMT -5
Canadian Prime Minister Justin Trudeau approved the construction of the coast for the liquefied natural gas (LNG). After three years of regulatory approval, the LNG project were officially agreed. This is also the first major energy project of Trudeau ever since he was appointed less than a year ago. According to the Environment Minister of Canada, Catherine McKenna, the plan were granted after thorough reviews and series of conditions and that is to help lessen the greenhouse effect. It is one of the biggest project that the country will uphold which will have an estimated cost CA$11.4bn ($8.6bn/£6.6bn). The terminal will be constructed in the northern coast of British Columbia. One of the leading oil company, Petronas will manage the energy project. This is also expected to subsidize CA$2.9 billion per year to Canada's GDP.
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Post by luisforexmart on Sept 28, 2016 4:14:14 GMT -5
Mexican Peso, Asian Stocks Surge as Clinton Comes Out Debate Winner for Investors The Mexican peso as well as Asia-based shares experienced an upsurge last Tuesday after investors seem to pick out Democratic Party nominee Hillary Clinton as the winner of the first US Presidential Debate against Republican pick Donald Trump. South Korea’s .KS11 and Shanghai’s .SSEC increased its value, while MSCI’S index of Asia-Pacific shares (.MIAPJ0000US) went up by 0.2%. The USD decreased in relation to the JPY, going down from 100.74 to 100.08 JPY=. The Mexican peso also strengthened against the USD, with the USD weakening by 1.9% against the MXN after consecutive price lows on top of concerns that a possible Trump administration could become a threat to Mexican exports to the US. Analysts are stating that this sudden increase in the Mexican peso as well as in Asian stocks are indicators that market players and investors are closely monitoring the financial market, especially now that the United States will soon be electing its new head of state.
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Post by luisforexmart on Sept 28, 2016 4:25:05 GMT -5
Industrial Sector Drives Growth in China The Industrial sector in China booms at the fastest pace in three years. Profits in the said sector leaped from 19.5% compared to last year’s data. A total of 534.5 billion Yuan equivalent to $80 billion which is the highest increase since August 2013. The Steel and oil refining and auto sector also contributed in profit gains. This indicates growth and stabilization of the economy that is relevant since China is in economic crisis. Economists say that this is just a short-term growth factoring the growth drivers that are not viable in the long run. Although, Industrial sector is giving a positive outlook but other sectors are still in a difficult situation. China is set for a campaign to reduce capacity in the coal and steel sectors which has always been their focal point in business for the past 20 years that makes this not just a simple plan.
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Post by luisforexmart on Sept 28, 2016 4:30:32 GMT -5
UK commercial property remain unshaken despite the British Exit. The industrial property of Britain continued to establish a firm condition despite of the Brexit decision happened last June 23. Although, there is a tendency that the economy might become weaker considering that prices were forecasted to perform successive declines. The EU exit created a negative medium-term impact in the market as it was stated in a report on Monday. Regardless of the uncertain factors caused by the political risk, the commercial sector of Europe remains powerful, said by Kattan.
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Post by luisforexmart on Sept 29, 2016 19:32:06 GMT -5
Lagarde Favors Less Strict Trade Policies The stricter protectionist trade measures slows down the current frail economy not only in United States but including other countries as said by the head of the International Monetary Fund, Christine Lagarde. She described it as an “economic malpractice”. Restricting trades would worsen the status of workers and families. It has pros and cons for members of trades but considering present weak economy and bigoted politics, an open trading is more advantageous to all. However, if the trade policies are neglected, the opportunity for progress is lessened since global economy still needs it to drive growth.
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Post by luisforexmart on Sept 29, 2016 21:13:05 GMT -5
Japanese Yen Declines, Commodity Currencies Hold Fast after OPEC Cuts Oil Outputs Commodity currencies such as the AUD and the CAD held fast to their positions while the JPY experienced a significant decline in its value after the OPEC decided to cut back on its oil outputs, the oil organization’s first time to make such a move since 2008, causing oil prices to rise. OPEC has decided to reduce its oil output to a range of 32.5-33.0 million barrels per day from its previous output of 33.24 million barrels per day. Currencies such as the CAD, AUD, and NOK went up significantly, with the Norwegian Crown (NOK) hitting its highest level in five months at 8.0222 against the USD. Meanwhile, the Japanese yen weakened further as investors are growing more skeptical with regards to the BoJ’s capability to cheapen the yen’s value and ease its monetary policies, especially since most of Japan’s economic stimuli are about to reach their limit.
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Post by luisforexmart on Sept 29, 2016 22:24:04 GMT -5
ECB should not be blamed for the problems of the Deutsche Bank, says Draghi ECB President, Mario Draghi emphasized that the European Central Bank holds no responsibility regarding the negative monetary rate policy that the Deutsche Bank is currently facing. On Wednesday, the chief of Association of German Banks, Michael Kemmer stated that the central bank were partially liable on the current point of issue. But Draghi did not agree on Kemmer's comment because the Italian economist believes that the bank is not able to imply a systematic risk against the euro area in view of that the financial institution already suffered from a low rates of interest.
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Post by luisforexmart on Oct 3, 2016 5:39:30 GMT -5
Blackberry Phone will live for Indonesian customers
Blackberry Limited won't let their classical mobile devices to end gradually. According to their CEO, John Chen the company opt to stop in creating Android phone but they won't allow their products to die out. In as much as there are places that still patronizes their gadgets. For instance, an Indonesian mobile company is planning to launch their very own cellular phone design intended for those who dislike phones that does not have qwerty keyboard. PT Tiphone Mobile Indonesia Tbk decided to deal with BlackBerry and created a business arrangement in making portable phones in the Indonesian Republic.
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Post by luisforexmart on Oct 3, 2016 5:50:02 GMT -5
Agricultural Production of Soybean Boosts U.S. Economic Growth US Agricultural exports performed well for the past two months. This lessened deficits and boost the prospects for short-term economic growth. Predominantly, this was due to Soybean production which was driven by a high demand in China and insufficient production in South America. An estimated of 1% will add to GDP growth solely on Soybean production. Annually it is forecasted to contribute 4% in GDP. This may be just for a short-term demand and will most likely reversed on the next month but its effect will boost economic activity and would have a minimal impact to Federal Reserve’s price hike. Regardless of Economic growth, Fed will still proceed to price hike if the economy sustains progress.
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Post by luisforexmart on Oct 3, 2016 5:54:08 GMT -5
Deutsche Bank Exerts Extra Effort to Reach US Settlement before US Elections Next Month
Deutsche Bank (DBKGn.DE) is now putting in more efforts as the banking firm is attempting to reach a settlement a month before the US Presidential Elections take place, especially after US authorities demanded fines worth $14 billion after the bank erratically sold mortgage-backed securities. This has caused Deutsche Bank’s shares to decrease significantly, and a cutback in the settlement is needed in order for the German-based lending firm to gain back its footing and reverse its current downward trend in the financial market.
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Post by luisforexmart on Oct 6, 2016 2:03:36 GMT -5
British Pound Plummets to its Lowest Levels since 1985 after Post-Brexit Angst The British pound plummeted to its lowest levels since 1985 after rising concerns that the UK is most likely headed toward a “hard Brexit”, which would lead to a restricted access of the European market in general. The sterling pound had already went beyond its current lows in relation to the USD after the Brexit vote and was in its lowest levels in 3 ½ years in relation to the EUR. The GBP even went lower after UK Prime Minister Theresa May allegedly took the view that the EU exit talks would not put in any special treatment for its financial services. This has caused the pound to drop against all other major currencies after Theresa May’s announcement that she will be pushing through with the formal process for Brexit in March next year.
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Post by luisforexmart on Oct 6, 2016 2:56:22 GMT -5
UK Prime Minister May have an announcement regarding Brexit
Theresa May defended that the economy of UK still have a wealthier economy after the EU exit which brought unfavorable impact to the pound.
At present, pound experienced a 31-year low decline versus the greens. Moreover, the IMF lowered down its expected GDP result. May will have her speech on Wednesday at the Conservative conference about the tension in the setting of the referendum. According to PM May she would impose certain conditions under the order of EU Freedom of movement which cause the sterling to shift downwards.
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