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Andrea ForexMart
Official Representative
The current contest has already started on August 29, 2016 and will end on September 2, 2016.
You can register for the next competition which will take place from September 5, 2016 to September 9, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
Educating Traders
To make sensible, precise decisions, we have come up with various resources for all types of traders - all for free! ForexMart devote much time and effort to give up-to-date educational materials, and sensible market analysis to discover new opportunities and improve trading.
Andrea ForexMart
Official Representative
ForexMart is Changing Swap Rates Dear Clients,
We would like inform you that swaps on a number of Forex instruments will be amended starting from 10:00 (GMT+2) 24.08.2016.
The modifications will impact both new and existing positions.
For more details visit Financial Instruments or contact our Support Team by e-mail:
support@forexmart.com
Andrea ForexMart
Official Representative
The current contest has already started on September 5, 2016 and will end on September 9, 2016.
You can register for the next competition which will take place from September 12, 2016 to September 16, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
ForexMart Promotes 50% Bonus Starting July 1, 2016 ForexMart is very pleased to announce that starting July 1, 2016, all traders can earn even more profit with our new unique offer. Simply, open a live account and make any amount of deposit then you can apply for the 50% bonus. For instance, $100 deposit will became $150. We will automatically generate the 50% bonus of the money you deposited.
The bonus sum is not limited. The promotion is available for all ForexMart clients, including our existing ones all you need is to open new account and make a deposit. Each client can experience the 50% bonus every time he/she deposit funds to trading account.
Andrea ForexMart
Official Representative
ForexMart at ShowFX World Asia in Singapore On September 17, 2016, ForexMart will join ShowFX World Asia’s conference in Singapore. This conference is a Forex seminar dedicated to bridge the gap between traders and brokers connecting everyone in the community, including neophyte traders to renowned trading experts. Reputable experts in the field of Forex will be speaking on a wide range of topics, including best trading practices, recognizing trading traps, and other tips on foreign exchange trading.
The conference by ShowFX Asia will also consist of updates regarding the latest Forex features and 2016 predictions for the market’s behavior. Attendees can also meet ForexMart representatives and get various bonuses and gifts. They can also enjoy prizes from raffle draws in the conference.
The Singapore conference will be held at the Marina Bay Sands Expo and Convention Centre in Singapore. For more details please send an email to
support@forexmart.com .
Andrea ForexMart
Official Representative
The current contest has already started on September 12, 2016 and will end on September 16, 2016.
You can register for the next competition which will take place from September 19, 2016 to September 23, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
ForexMart Reminds you of ShowFx World Conference in Singapore Greetings!
We would like to remind you of ShowFx World Asia Annual Financial Conference this coming September 17, 2016 at the Marina Bay Sands Expo and Convention Centre in Singapore. Get to know the latest developments in the financial industry, meet and talk with ForexMart representatives, and get trading bonuses from ForexMart while enjoying sights at Singapore’s main attractions.
Admission to the Annual Financial Conference is free.
See you in Singapore!
Andrea ForexMart
Official Representative
The current Money Fall contest has already started on September 19, 2016 and will end on September 23, 2016.
You can register for the next competition which will take place from September 26, 2016 to September 30, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
Another Win for UD Las Palmas Good news for football enthusiasts! Union Deportiva Las Palmas won the recent game with 2-4 score against Valencia on August 23, 2016. UD Las Palmas is a part of La liga season which began on 19th of August 2016 and will end on 21st of May 2017. We, ForexMart team, cheer for our partners and wish a successful year in the top Spanish Division ahead!
ForexMart being an official team sponsor is giving full support to UD Las Palmas. This past year was very successful for both. ForexMart was recognized as one of the top brokers awarded as the Best Broker in Europe for 2 years from 2015 to present. The year of hard work and dedication produces remarkable results in providing the best for company’s clients. Las Palmas being part of the top Spanish division marks a good start as well.
Union Deportiva Las Palmas Club is a Spanish Football team who represents the community of Canary Islands. It was formed in 1949 by merging five teams. During this time the club has spent 31 season in the first division of the Spanish Football League (La Liga) and was able to win several silver and bronze medals and to become four times the Segundo champion.
The promising partnership of ForexMart and UD Las Palmas aims to achieve goals for a collaborative growth. This marks a new page for Las Palmas HIstory, as described by the CEO of ForexMart, Savvas Patsalides. After all, “the best is meeting the best”. Las Palmas being a strong competitor in the popular football league in Europe with the goal to grow and continue its long history is looking forward for a successful partnership with ForexMart in the coming years.
Andrea ForexMart
Official Representative
Forex live account
Start your forex trading experience with ForexMart. Enjoy competitive rates, glitch-free trading platforms, and instant trade executions.
Andrea ForexMart
Official Representative
The current Money Fall contest has already started on September 26, 2016 and will end on September 30, 2016.
You can register for the next competition which will take place from October 3, 2016 to October 7, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
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.
Andrea ForexMart
Official Representative
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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Andrea ForexMart
Official Representative
Wells Fargo Temporarily Banned from Municipal Bond-Issuer California The State of California will be suspending business relationships with banking firm Wells Fargo & Co. after the said firm went under fire for admitting that it had created millions of fake customer accounts in an attempt to hit the firm’s target sales. By banning the said firm, California will no longer be allowing Wells Fargo to handle its bank transactions and underwrite the state’s debt. The said suspension will be in effect for a total of 12 months and might possibly become permanent if the bank still refuses to change its banking practices. In addition, California will also be halting its investment deposits in Wells Fargo’s securities. State Treasurer John Chiang has already stated that California has replaced Wells Fargo with Loop Capital for two $527 million municipal agreements which is scheduled to be sold next week.
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Andrea ForexMart
Official Representative
The current Money Fall contest has already started on October 3, 2016 and will end on October 7, 2016.
You can register for the next competition which will take place from October 10, 2016 to October 14, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
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Andrea ForexMart
Official Representative
The current Money Fall contest has already started on October 10, 2016 and will end on October 14, 2016.
You can register for the next competition which will take place from October 17, 2016 to October 21, 2016 (Terminal time). .
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
Volkswagen Plans to Reduce Workforce Yearly Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.
Andrea ForexMart
Official Representative
Weak Trades in China Slows Down Economic Growth The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.
Andrea ForexMart
Official Representative
The current contest has already started on October 24, 2016 and will end on October 28, 2016.
You can register for the next competition which will take place from October 31, 2016 to November 4, 2016 (Terminal time)
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
EU Exporters Could End Up Paying Higher Tariffs to EU Than Vice Versa EU enterprise exporting goods would pay higher tariff to Uk compared to the other way around. Around £12.9 billion are to be paid by EU enterprises just on tariffs alone after UK leaving EU and should Britain come in terms with the World Trade Organization. In exchange, UK enterprise exporters has to pay around £5.2 billion for tariff in a year. This implies the significance for both parties to settle their post-Brexit trade deal. A study has been conducted showing 22 out of 27 EU members are found out to pay higher tariffs regarding exports to UK.
Additionally, the act of Belgium to not agree regarding the Comprehensive Economic and Trade Agreement (Ceta) between EU and Canada which has been an issue recently. Nevertheless, a representative of the campaign, Chris Grayling, said that this would not be a hindrance to settle an agreement with the British trade deal with EU.
Andrea ForexMart
Official Representative
China Reassures Investors to Impede a Six-year Low Chinese Yuan is depreciating nearing a record low in six years. The government is finding ways to hinder the process and recover from this impending threat. However, the deputy Governor of People’s Bank of China (PBOC) said that there is no grounds for a relentless decline and they stopped it from happening.
China is giving off signs that the currency is being carefully monitored and investors should be careful in their trading positions against the currency. Despite this information, this would have much of an impact considering past connotations to the problem since the driving force is the appreciation of dollar.
The PBOC is saying if volatility arises, investors should not be agitated as they would definitely do something to stabilize the situation. China has already eased the local bonds and abandoned the necessity for inbound investment program quotas.
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Andrea ForexMart
Official Representative
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.
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Andrea ForexMart
Official Representative
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.
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Andrea ForexMart
Official Representative
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.
Andrea ForexMart
Official Representative
The current Money Fall contest has already started on
November 7, 2016 and will end on
November 11, 2016 .
You can register for the next competition which will take place from
November 14, 2016 to
November 18, 2016 Note: Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
Rise in U.S. Employment Growth Impact on Fed’s Next Rate Hike The employment rate in US has a significant increase that would finalize the decision for the December rate hike from Federal Reserve. Nonfarm payrolls also added 175,000 jobs in the month of October higher than the 156,000 jobs in September. It is predicted that the unemployment rate will decline by one-tenth of a percentage point to 4.9%. The Labor Department will release its employment report this Friday morning.
Though the US central bank is expected to implement a rate hike this december, the results of the U.S. Presidential election will still have a weigh on the decision. On Wednesday, Fed announced that the interest rates will not be changed but there is higher probability for the next rate hike.
Andrea ForexMart
Official Representative
The current contest has already started on
November 14, 2016 and will end on
November 18, 2016 .
You can register for the next competition which will take place from November 21, 2016 to November 25, 2016.
Note: Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
U.S. Dollars Strengthens Unabatingly That May Lead to Inflation Greenback continues to surge with the unexpected win of Trump that signals inflation to take place sometime in the future. It climbed as high as 99.247 on Monday during Asian session from 97 handle prior to election. His principles advocated during his campaign such as protectionism, changes in immigration, infrastructures and debt spending set inflation back to the market at the same time, this would cause the U.S. Dollars to further appreciate in value. The U.S. 10-year Treasury yield rose more than 2 percent from 1.80 percent before election. This surge is expected to continue with short-term trend moves up, it is anticipated for U.S. Dollars to get stronger.
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Andrea ForexMart
Official Representative
Higher Volumes of Exports Boosted Japan's Economy The Japan's economy have seen greater improvement from the month of July until September due to a higher number of international trades. The country's GDP escalated to 2.2% within three months. Japan is greatly concern about the anti-free trade rhetoric supported by the newly-elect US President D. Trump since it is expected that this campaign would bother the Japanese region.
Subsequent to the results of the U.S elections, the yen curtailed versus the dollar. Hence, the country's good became cheaper in abroad, this brought positive talks for the foreign exporters. The world's third-largest economy accumulated a better-than- expected result of 0.5% while the forecast showed 0.2% only. However, some analysts who stated that the nation is relying much on exports and considered that these are windfalls only.
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Andrea ForexMart
Official Representative
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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Andrea ForexMart
Official Representative
Chinese Industrial Production Rose But Retail Sales Slowed Down The economic activity of China was presumed to stabilize last month, however, retail sales fall off due to worries about the outlook of the US-China trade frictions under the administration of President Donald Trump. Moreover, the industrial sector performed a better-than-expected 6.1% growth in the month of October while the retail industry dropped an estimated 10% sales.
China’s fixed-asset investment further acquire 8.3% increase for the past 10 months of the present year, this result exceeded the expectation from January to October seeing the government allocated infrastructure expenditures in order to reinforce growth as shown in the official data on Monday.
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Andrea ForexMart
Official Representative
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.
Andrea ForexMart
Official Representative
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.
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Andrea ForexMart
Official Representative
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.
Andrea ForexMart
Official Representative
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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Andrea ForexMart
Official Representative
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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Andrea ForexMart
Official Representative
Asian Stock Market Traded Mixed Due to Dollar Easing The Asian market were trading mixed yesterday morning as the U.S Dollar strengthen along with the bond yields that increased as well, consequent to the victory of Donald Trump that further stimulated fund flows from various developing markets.
Despite of the softening of the yen, the Japan's Nikkei 225 rose up to 0.51% on the back of the broad based strengthening of the greenbacks after the election. While the benchmark Kospi Index of South Korea were able to bounce back and gain 0.05% following the prosecutor’s affirmation that President Park Geun-hye is associated in the political scandal.
On the other hand, the Chinese shares is in an upbeat as its global benchmark, Shanghai composite expand to 0.65%. The Hang Seng Index of Hong Kong moved higher up to 0.46%.
While Major economic news were released on Monday morning as the trade data of Japan for the month of October had dipped, the exports declined and the imports dropped 16.5%. The South Korea’s exports for the first 20 days of November had decreased with 0.25, imports plunged to 3.1%
While the petroleum products and other commodities made an upward momentum, the crude add up 0.83% and the Brent grew by 0.9%.
Andrea ForexMart
Official Representative
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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Andrea ForexMart
Official Representative
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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Andrea ForexMart
Official Representative
Australia’s Mining Investments Fosters growth to Economy Mining improves the economy of Australia with recovery of investments and increase in commodity prices. Furthermore, the high demand for Aussie boosts the economy specifically in Queensland and Western Australia since the inflation rates are going back to normal levels.
The unemployment rate has decreased since the peak in 2015 which also slowed down the population growth where the past reports saying it has improved were overstated . Nevertheless, this slow growth is not as bad as it shown a less than expected results.
On the bright side, it is the progress of trades mainly the pricing between imports and exports that gives a promising outlook for the mining investment and the increasing demand for money gives buoyancy in the economy.
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Andrea ForexMart
Official Representative
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.
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Andrea ForexMart
Official Representative
Canadian Stocks Reaches Highest Levels in 17 Months Due to Massive Retail Sales Profits Canadian stocks continued its increasing trend for a total of four days and has already reached its highest levels in 17 months as a result of massive retail sales gains, with retail sales clocking in its biggest profits incurred since April 2016. Canada’s retail sales data showed gains worth 0.6% in September 2016, its biggest gains posted since April and an indicator of the spending of the Canadian government’s recently-minted child benefits. Meanwhile, the Canadian equity benchmarks scored more gains as the DJIA reached up to 19,000, while the MSCI index for both developing and developed markets increased by up to 3.6% for 2016 and could possibly hit its record highest yearly increase since 2013.
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Andrea ForexMart
Official Representative
Sluggish Trades Affect Germany’s Economic Growth The economic growth of Germany slowed down by 0.2 percent in the third quarter even though both the government and consumer spending has significantly increased. Mainly due to the feeble foreign trading that brought an impact to Europe’s largest economy.
The Government spending rose by 1.0% while the Household spending climbed by 0.4%, both adding 0.2% to GDP economic growth. However, the net foreign trade deducted 0.3 percentage point from GDP growth since exports fell by 0.4% while imports ascended by 0.2%. This implies that the companies are withholding investments in the brink of low monetary policies of the European Central Bank.
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Andrea ForexMart
Official Representative
U.S Dollar Gained Much Power Even Before Trump’s Victory The greens continuously rise after Donald Trump won the American presidential election. However, these upsurge angst companies that imports their products to other countries which caused few investors to place the full responsibility to Trump for they earning less than their average gains because the dollar is too strong.
Moreover, these complaints were on the deck before the new U.S President-elect take his position. The squawks from companies point out that the cause of low earnings is due to the issues regarding the stronger dollar. Some of the large companies that the currency brought headwinds into their firms include Apple, Alexion Pharmaceuticals, Kraft Heinz, Procter & Gamble and Whirlpool.
According to the research made by the Pavilion Global Markets that current stance of the dollar is the top reason why companies earned worse than their expectations, followed by issues concerning Brexit, election, the Fed, and wages.
Nevertheless, Jim Paulsen from Wells Capital Management said in an interview that he predicts that the greenbacks will experience a decline for 2017 because of the increasing inflationary expectations.
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Andrea ForexMart
Official Representative
Service Sector Affected by Low Optimism in the Economy Low consumer spending and rise in wages affected the Service sector of U.K. for this month of November. This would bring negativity this Christmas season since pound has also depreciated. Companies rendering professional services are expected to decline in sales while it is the opposite for consumer services which is predicted to rise in sales in the next three months.
Even though, the consumer confidence has weakened, the employment growth remained steadfast. Consumer companies may allocate funds to training which will increase spending but cut down expenses on location, vehicles and machineries.
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Andrea ForexMart
Official Representative
Base Metals Continued to Surge Due to Increase in Infrastructure Spending Metals had a persistent improvement amid on the supposition on Trump’s infrastructure expenditure and weakness in the overall inventories. Copper was able to arrive on its one-week high after the extensive downfall of the base metals. In trading copper within Asia has reached $269.90. However, investors speculate that Trump’s fiscal investment is almost $1trn which is expected to be the driving force for growth but will lessen the supplies considering the fact that China’s yuan hedging. In light of this, the bullish impetus gives rise for the demand of the trend-following fund as it was able to surge the buying pressure. Furthermore, the industrial metals sustained an upward lift amid the strengthening of the U.S dollar compared to other currencies.
Despite China’s procurement of copper as a hedge to overcome yuan devaluation, the data issued specified a positive growth in supply. There is also an expected rally in prices of other base metals in order to raise an opportunity to replenish short trading commodities.
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Andrea ForexMart
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Gold Recovers from Nine-Month Slump as USD Drops Gold stocks were able to recover from its recent nine-month slump as the USD’s strength which sent gold prices down and pushed silver into a bearish market finally fizzled out. As gold finally clocked in its first increases in four days, its weekly loss was cut back by up to 2%, while prices have all but decreased following the release of highly positive economic data and expected increase in national spending after Trump’s recent win increased market expectations of added interest rates. As a result, a lot of investors are now selling off gold-backed investments, the fastest selloff seen in three years.
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Oil Market Uncertainty Brought the Prices Down Market still awaits if OPEC will be able to reduce their production output on Wednesday bringing the oil price down on Tuesday. The next OPEC meeting will be held on Wednesday at Vienna to come up with a decision to cut production. This brought uncertainty in the market resulting in high volatility. Political considerations and set agreement for quota of countries hinders from coming up to an agreement. If there will be no agreement reached, oil prices are expected to rise averaging $45 per barrel until next summer.
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OECD Expects 3% Growth Slip for Australia Until 2018 The intergovernmental economic organization, OECD has released its recent assessment regarding the economic stance of Australia. According to the organization, the economic growth of the region has the tendency to decline by 3% by the end of the current year and expected to persist until 2018 by which the RBA already planned to had an increase of rates by the aforesaid period.
In the month of June, the country’s economy appears to be growing, however, economists studied that the Australian continent reached its soft spot where growth are limited after the issuance of national accounts for September were released on the 7th of December.
The OECD advised during this phenomenon of growth slippage, the government should lead the ways in order to recover as soon as possible through investing in infrastructure rather than implying a rate cut considering that the average housing prices and rates are relatively low.
Andrea ForexMart
Official Representative
As Energy Corporations Retreat, Canadian Stocks Drop to Lowest Levels in Two Weeks Canadian stocks dropped to its lowest levels in two weeks after oil companies were subject to significant losses in the light of talks among producers prior to the OPEC meeting scheduled in Vienna, Austria within the week. Energy corporations led the S&P/TSX Composite Index lower after it fell by up to 1.4% for three consecutive days, which is the longest losing streak for the index since November. Out of the 11 industries in this particular index, 7 companies experienced losses, and industrial stocks also retreated and were subject to significant decreases.
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New Monetary Policy of Japan: Massive Buying Government Bonds Continues The new policy framework of Japan to help the increase of policy rates to elevate the economy will be carried on to increase inflation rates. The BOJ decided to change their policies after the printing of money and huge asset buying to be unsuccessful to meet its 2 percent inflation target. In views of this, they are trying to create a more sustainable monetary policies. The massive buying of government bonds will be maintained with yield curve being inline with central bank's expectations. Although there are concerns that this move negatively affects the real-estate investment trust market of Japan.
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PM Renzi's Plan for Italy's Reformation Has Failed on Sunday The Prime Minister of Italy, Matteo Renzi had his decision to resign last night after he lose in a constitutional referendum held Sunday, 4th of December 2016. The Italian politician admitted his defeat prior to the issuance of the official results and as expected the exit poll exhibited that Renzi is facing a humiliating defeat.
The referendum rise due to the plan of the 41-year-old PM to establish a major economic reform package in order to reconstruct the political system of the country. As he proposed to reform the power of the senate as well to reduce its number present in the lower house of parliament. Furthermore, he wanted to amend the political authority of every state and region in Italy.
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Euro Drops, Bonds Surge as Italy Says No to Constitutional Reforms The EUR plummeted along with Asian stocks while bond prices surged after the Italian government voted “No” on the referendum for constitutional reforms, which sparked concerns that this recent development in the country will induce instability in the Italian economy and boost nationalist organizations. The euro hit its lowest point in almost two years after Italian PM Renzi announced his resignation. UK-based stocks and Asian shares index futures also dropped, while government debt recoiled in Treasuries during Friday’s session.
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The current Money Fall contest has already started on December 5, 2016 and will end on December 9, 2016.
You can register for the next competition which will take place from December 12, 2016 to December 16, 2016.
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
Money Fall Contest Winners for the week of November 14 - 18, 2016 Andrea ForexMart attached the following image(s):
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Official Representative
UK’s PMI Edged Higher in November The primary businesses in the service sector of U.K had an upsurge last month and its highest rate was recorded January, while the economy continued to have its current momentum despite of the fear of some companies regarding the future markets as indicated in yesterday’s survey.
As the Markit/CIPS PMI handles the data relative to the economic sector as it gained 55.2 points for the month of November versus the 54.5 October data, the recent results had presented better-than-expected outcome of Reuters poll surveyed by economists.
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China Needs to Address Rising Leverage Concerns China has to implement market-oriented reforms at a faster pace to counterbalance the climb in corporate leverage including the unnecessary disturbances in the state sector according to a U.S. Treasury official.
The reform is said to include the removal of ‘state guarantees’ and financial sector that disproportionate State-owned Enterprises charged to private sector firms. The country has an estimated total of $18 trillion debt that represents partly of the GDP. They see the relevance of removal of barriers that limits the participation of local and foreign companies in the service sector in line with the shift in focus from a manufacturing-centered country.
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