Daily Company News from ForexMart

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Team Parker Got the Podium in the British GT3 Championship

The GT championship has been anticipated by fans and race drivers alike. It has been part of the National motorsport championship in United Kingdom that showcases famous and stylish sports cars.


Recently, the British GT3 championship took place at Donington Park on September 10 to 11 this year. It’s been a long journey but we made it until the end. This is one of acclaimed contest awaited by all to witness a nerve-wracking event that highlights racing cars at high speed and the overall process behind pit stops showing changeover in less than a minute. The drivers raced a circuit length with a total of 2.487 miles.


RPJ racing represented by Rick Parfitt Jnr. had won several awards such as Mobil 1 Master of the year in 2014 and Blancpain driver of the Weekend in 2015 during his short racing career.


Under the name Team Parker, Seb Morris joined Parfitt in the race. He was a former single-seater who had competed in the GP3 series last season in different categories and was able to win second place in the BRDC Formula 4 race last 2013.


Parfitt and Morris as a pair raced together in a Bentley Continental GT3. As much as racing requires dedication and commitment, ForexMart see this to be the same with trading. This is a strong partnership that is envisioned for success and become one of the prominent companies in the industry.

[luisforexmart]

New website’s section

Dear Traders!

ForexMart launches “Meet us offline” website’s section. Devoted to all offline events it will tell about key results and show the details from live meetings of ForexMart representatives with clients.


Follow our photo reports from exhibitions and conferences stored in the new section. Keep abreast of our events and take part in the most exciting ones together with ForexMart team. See you offline, stay tuned!

[luisforexmart]

Apple Releases New Macbooks in an Attempt to Recover Market Losses

Apple Inc. has recently unveiled its new range of Macbooks as part of the tech firm’s attempt to revive a product which was predicted by Steve Jobs would be rendered obsolete soon by the iPad. Analysts are expecting that this newly-released product line would enable the firm to significantly update its long-term growth. The shares of the said firm has recently dropped by up to 1% and has traded at $114.48 towards the end of the New York trading session. Meanwhile, Apple stocks surged by up to 20% as a result of expected positive sales for the iPhone 7. However, the firm’s shares immediately gave up a portion of its value after the company released a rather careful sales forecast.

[luisforexmart]

UK economy made a 0.5% growth after the Brexit authorization
Three months after the Brexit happened, UK economy manifested a fast recovery with the help of the country's service sector.
As it was indicated by the Office for National Statistics, there is a 0.5% increase in the economic health during the third quarter of the year. The result is lower compared to the previous quarter with a 0.7% rate, however, the latest increase is much stronger against the analyst's assessment.
Due to the better-than-expected outcome, the preconception regarding BoE's interest cut rate for the following week had subsided. However, the supporters of the referendum believes that these figures are an indication that the entire negative speculations about the EU exit are merely about fear-mongering.

[luisforexmart]

Demand for Manufactured Capital Goods Weakened

The manufactured capital goods from America fell by 1.2% in September despite three consecutive months of gains. The demand for computers and other electronic products slowed down which is expected to affect business spending in the last quarter of the year.

Demand for new heavy machineries has been reduced because of the predominance of used construction equipments while the demand for transportation equipments declined by 0.8% that impelled durable goods lower by 0.1%. On the other hand, orders for electrical equipments and machineries including appliances has risen last month. However, this may shift course to a better predicament since the dollar appreciated as well as the oil and gas drilling activity has improved in the past months.

[luisforexmart]

US construction spending unexpectedly decline
The value of construction work in the United States suddenly chop down for the month of September because of the fact that the disbursement of money over private and nonresidential areas had suffered also from a severe nosedive for the past nine months. It includes hospitals, factories and roads which plunged at 1.0% couple of months ago. This event resulted to slightly negative changes for the estimated growth of the third quarter.
As stated by the officials of The Commerce Department on Tuesday, the spending towards construction made a dipped at 0.4% after the 0.5% drop in August. The estimated money allocated for construction projects also shrink down to 0.2% during the previous year. While the public infrastructure projects lowered down at 0.9%, whereas the expenditure for local government projects plummeted at 1.9%.

[luisforexmart]

Gold, CHF Surges, Stocks Drop amid Heightened US Election Anxiety


The stock market plummeted to its lowest levels since July, while the CHF surged along with gold prices due to an increase in market anxiety with only a week left before the US presidential election commences. As Trump edged past Clinton in the presidential polls, the prices of equities experienced a selloff with regards to high-risk assets, while the Mexican Peso (MXN) caused massive losses among the major currencies, especially since this particular currency is now seen as a gauge for the market’s sentiment with regards to the results of the elections. Safe haven currencies such as the CHF and JPY surged after traders sought to avoid high-risk investments. Treasuries held fast to its gains, while gold prices increased and reached its highest levels in over a month.

[luisforexmart]

Inflation Rate is expected to soar in 2017

The inflation rate is said to increase up to 4% in the second half if 2017. It is even higher than the forecast last August but the Bank of England is expected to further increase the rates. Although, there are obstacles in the economy that limits the growth.

The Consumer Price Index grew by 1% in September even higher than 0.6% increase in August, This has been the highest rate for almost two years caused by the higher costs of clothing, oil and hotel and is expected to increase the consumer prices in the next months to come that would only be transient. The last CPI inflation was back in 2011 that increased up to 4%. In effect, households will undergo changes in their standard of living which is worsen by the fall of pound. Moreover, this would suppress the consumer purchasing power.

[luisforexmart]

Federal Reserve Gives Subtle Confirmation for a December Rate Hike

In the light of the impending US Presidential Elections, the Federal Reserve chose not to get involved in the melee and instead highlighted their growing intent to increase interest rates during the central bank’s meeting on Wednesday. The FOMC has stated that the Fed will only be needing “some” more evidence which is indicative of favorable inflation rates and employment rates before they finally decide to go for an interest rate hike. The Fed had previously decided to maintain its current interest rates during its past meetings. However, the Federal Reserve is still awaiting the results of the November 8 elections, as this will also be a determinant of whether to push through with the said interest rate hike.

[luisforexmart]

Positive economic news leaves a better impact on Asian markets
The positive news yesterday regarding the Australian and Chinese economy boosts Asian markets. Despite of the skepticism about the expected result for the presidential election did not hinder traders to edged up in Asia. In addition to the favorable release on Thursday, a private gauge were used to assess the activities of China's service sector. According to results, the month of October is considered to be the fastest time period of expansion which indicate the strengthening of the China economy.
The purchasing managers index of Caixin China grew up to 52.4 in October, compared to 52.0 in September. While South Korea’s Kospi SEU gained 0.2% versus -0.17%, Hong Kong’s Hang Seng HSI were able to recover from -0.10% to 0.2% and S&P ASX 200 XJO of Australia made a 0.1% increase against the previous -0.08% .

[luisforexmart]

A 15-month Hike of Petrol and Diesel prices
Petrol and diesel prices soar sternly reaching the highest level since July 2015 due to the rising crude oil prices and the depreciation of pound since Brexit. The standard diesel is now priced at 118.7p per liter while the standard petrol is priced 116.7p per liter rising by 5.2p and 4.4p respectively. This has been the highest monthly increase in the span of three and half years.
The weak pound also has an effect to the wholesale market that has relatively put pressure to the wholesale prices. The RAC has forecasted that this will stabilise in the next months while OPEC agreed to reduce production. The next OPEC meeting will determined if the prices will steady before the end of the year.

[luisforexmart]

Critical issues regarding illicit diamond trades
The black market of trading diamonds was very prominent among the general public since diamonds are one of the most essential gems among other jewelry. However, the government and other well-known personalities combined their efforts in order to restrict these illicit activities in the world of gemstone supply.
Considering that a large number of diamonds from all over the world were mined in states where human rights are disregarded, at least 80% of these stones were illegally extracted and 20% are mined by artisanal miners of which there are around 1.5 million individual who executes diamond panning. The artisanal mining negatively affects the environment as well as the health and humanitarian rights.
This irregularity made The Kimberley Process, human rights advocates, to impose a mandate regarding the requirements of obtaining a diamond certification. Its purpose is to ensure that any activities are “conflict-free” as well as to avoid fake stones to infiltrate the territory of real diamonds.

[luisforexmart]

ForexMart Luis
Just now ·
Japanese Yen Drops, Asian Stocks and Mexican Peso Surge Following FBI Statement on Clinton E-mails

The Mexican peso (MXN) garnered substantial gains, as well as US stock index futures and Asian equities after the FBI released a statement regarding Clinton’s e-mails, stating that there were no incriminating information present in Hillary’s e-mails. On the other hand, the Japanese yen and Swiss franc slightly decreased along with gold stocks. The Mexican peso, which has been recently touted as a barometer for the Trump campaign, reached its highest levels in four weeks while the MSCI Asia Pacific Index reverted significantly merely a few hours away from the US presidential election on Tuesday.

[luisforexmart]

Japanese Yen Drops, Asian Stocks and Mexican Peso Surge Following FBI Statement on Clinton E-mails

The Mexican peso (MXN) garnered substantial gains, as well as US stock index futures and Asian equities after the FBI released a statement regarding Clinton’s e-mails, stating that there were no incriminating information present in Hillary’s e-mails. On the other hand, the Japanese yen and Swiss franc slightly decreased along with gold stocks. The Mexican peso, which has been recently touted as a barometer for the Trump campaign, reached its highest levels in four weeks while the MSCI Asia Pacific Index reverted significantly merely a few hours away from the US presidential election on Tuesday.

[luisforexmart]

UK Manufacturers Suspend Investment Plans in the Next Two Years

Political uncertainty causes the British manufacturers to be discouraged from spending. They are agitated that the economy will slow down next year that pushes back the investment plans of the companies. The survey of 600 companies showed an increase in polls from 54% in 2015 climbed to 60% this year while they intend to spend less or the same in the next two years.

Exports also boosted with the depreciation of pound as it become more contending in the market. Data has improved from March to August with high demand in Europe and United States however, the domestic outlook is not performing well. Experts see this as just the beginning and there will be more serious problems after Brexit negotiations have been settled.