LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven.

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place.

  1. LandOfCash Forex Forum
  2. Forex Talks
  3. Brokers, Trading Platforms, Forex Tools
  4. Company News by ForexMart
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Lebanon Reforms Its Economy as It Faces Large Debt

Lebanon starts to fix its frail economy following years of stagnant phase in decision-making. Yet, this also helps inhibits further growth of the debt before it becomes too big to control.

The new president, Michel Aoun who was elected last year, after years without a leader, approved just last week regarding the increase in sector pay increases and a tax hike to support the cost. This was in line on the government’s plan to adjust its prospects for Lebanon to strengthen from adverse conditions. The country's debt largely intensified since Syria’s civil war that started in 2011.

Although, the finance ministry commented that this will have a minimal impact to the fiscal balance or the debt concern. The country is ranked as the third highest debt-to-GDP ratio which has been the main rationale why Moody’s agency has pushed the credit rating very low.

Economists are hoping for other reforms to raise revenue and cease the debt from rising more that includes approval of the budget, improve the electricity sector which is copiously subsidized, increase fuel tax and tax collection and boost the investment environment.


File Attachment(s):
lebanonreforms.PNG (791kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
The current Money Fall contest has already started on September 4, 2017 and will end on September 8, 2017.

You can register for the next competition which will take place from September 11, 2017 to September 15, 2017

Note:
Registration for the next competition finishes 1 hour before the contest starts.



Andrea ForexMart attached the following image(s):
winners.PNG (140kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
ForexMart App is Now Available on Mobile

You can now use the ForexMart application on mobile.

We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.

More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.

ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.

Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
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.
File Attachment(s):
populardeal.PNG (712kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Positive Corporate Australian Rates; Rise in Wages for Q2

This has been the largest rise in salaries and wages in two years for the past quarter with an optimistic outlook to consumer expenditure yet the decline in inventories has influenced the general economic growth.

The gross profit of companies has dropped by 4.5 percent within the months of April to June after a growth of 6 percent in the beginning when profits soared to historic levels from Australian Bureau of Statistics on Monday. Mining has been affected by the decline of greater than 15 percent at pre-tax level.

On the other hand, salaries and wages climbed to 1.2 percent or A$1.6 billion in the second quarter implying that employees also benefit from businesses. The Gross Domestic Product scheduled on Wednesday was predicted to imply advancement of 0.8 percent worth A$1.7 trillion in the Australian economy as it recovered from a slow rise of 0.3 percent for the period of January to March. Overall, the yearly growth is noted to be subdued with 1.9 percent.

The growth rate of the Reserve Bank of Australia for 3 percent in the succeeding years with the low mining ventures that has been dwindling down for a protracted period while costly prices of commodities traded internationally affect the economy.

The RBA will have its policy meeting for September on Tuesday which is presumed to maintain the current borrowing rates at 1.5 percent since August in the previous year.


File Attachment(s):
positivecorporate.PNG (1,371kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Economic Upturn of Euro Benefited the British Manufacturers

Reports in the British factories shows huge volume of book orders which are triggered by the sluggish pound after the Brexit referendum plus the robust economy of the euro zone.

According to the survey on business expectations for Q3 in 2017, shows an increase of 34% in output among companies polled by business advisory firms, BDO and EEF which are the manufacturers' body. It presented an expansion from 26% in the past three months.

Based on the report, order books further reached record levels due to higher demand levels from overseas. As 47% of the companies deemed that EU exports grew during the third quarter compared in 2016. Meanwhile, the demand from Asia and the United States also helps negate the relative weaknesses in the UK brought by Brexit.

Moreover, the decline in the pound’s value led to a surge in various economic prices since the EU exit raised costs for imports. This also helped UK products to be more competitive in foreign lands.

It’s been awhile before the exporters gained the benefits. As shown in the report, the demand bolstered by the expansion of economic growth in Europe which weakened the economic performance of UK during the financial disaster until this year.


File Attachment(s):
economicupturn.PNG (936kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Private Sector Positive Growth Pushes Inflation Higher

The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.

The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.

The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.

On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.


File Attachment(s):
privatesector.PNG (538kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Greenbacks Weakened as Japanese Yen Strengthened

On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.

The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.

The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea

The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.

The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.

Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.


File Attachment(s):
greenbacksweakened.PNG (955kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Britain is Certain for a Post-Brexit Immigration Policy

The Britain intends to push through a balanced policy on immigration when the Brexit was finalized and left the European Union. They intend to look for highly-skilled workers while attempting to push the general statistics to move lower according to the Defense Secretary Michael Fallon on Wednesday.

A certain publication disseminated a government document on Tuesday that is supposed to be private where the scheme to lower the number of skilled workers E.U. in Britain after Brexit in 2019.

The defense secretary also noted that final plans later will be published later this year. They wanted highly-skilled people to come over their country and will open doors. At the same time, British companies are anticipated to be able to train their fellow British workers as the public also agrees with the concept of controlling the immigration instead of totally closing doors. Needless to say, they voted for Brexit referendum.


File Attachment(s):
britainiscertain.PNG (1,170kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
French President Supports EU Ties with Turkey

The president of France, Emmanuel Macron, commented on Thursday that the Turkey is essentially part of the European Union and sustain its diplomatic relationships despite its distressing problems as of lately. This comment from Macron supports the recent speech of German Chancellor Angela Merkel about the membership with E.U. particularly referring to Turkey which is deemed to be terminated.

Macron mentioned that Turkey has been distant with the European Union in the past months and has “overstepped” their actions which pertain to the customs union that cannot be disregarded. Despite this complication, he described the country to be a “vital partner” as he is against the disunity as they all confront problems concerning immigration policy and terrorist threats.


Andrea ForexMart attached the following image(s):
frenchpresident.PNG (228kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
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.
File Attachment(s):
populardeal.PNG (711kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Drop of Oil Prices Due to the Hurricane Damages

Oil prices declined on Tuesday as an aftereffect of the Hurricane Irma as it weakened the demand as it counterbalances the restart of the refineries since the Hurricane Harvey. Despite the recovery of the refineries, the repercussion of cyclone Irma was less favorable of favorable for the oil market.

The global benchmark of Brent crude LCOc1 dropped by 35 cents to $53.49 per barrel at 08.47 GMT. On the other hand, the U.S. West Texas Intermediate (WTI) crude CLc1 declined by 30 cents at $47.77 a barrel.

The Goldman Sachs forewarned that there is a possibility for the demand to drop by 900,000 barrels per day for the month of September and 300,000 bpd in the succeeding month because of tropical cyclones.

Investors are also monitoring how the weather conditions could affect the inventories. The report from the American Petroleum Institute (API) is anticipated on Tuesday while the U.S. Department of Energy’s Energy Information Administration (EIA) will publicize the results on Wednesday.

Projections from experts show that the inventory reports of crude stocks will increase by 2.3 million barrels for the week of September 8. Furthermore, the prediction for the refined commodities supply will most likely decline. Despite the present problem in oversupply in oil reserves, oil producing nations particularly the Saudi Arabia and Venezuela and Kazakh counterparts with the probability of extending its lengthen of production output over the March 2018.


File Attachment(s):
dropofoil.PNG (582kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
CBA Issued $3 Bonds Despite Money-laundering Allegations

Bonds worth $3 billion was successfully issued by the Commonwealth Bank of Australia (CBA) in the United States amid the money-laundering allegations against the biggest lender in the country.

The bank had it in three-parts and sold more cheaply than anticipated that increased the funds and garnered $5.9 billion orders as reported by the Reuters on Thursday morning. It is separated into three partitions, 10-year bonds worth $700 million, 5-year bonds worth $1.15 billion and 3-year bonds worth $1.15 billion stated by the IFR magazine. Following the sudden increase in the U.S. bond market, the demand surged up with scarcity in high credit rating as it is highly applied for.

During the CBA meeting with the investors last week, they were able to discuss if the money-laundering issue would affect raising of debt. The Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency of the country, filed a lawsuit against the CBA and faces anti-money and counter terrorism financing laws. At the same time, they are also confronted with a separate examination from two regulatory companies and a possible legal action. The Australian banks lost 9 percent A$14.3 billion or $11.5 billion following the AUSTRAC case.


File Attachment(s):
cba.PNG (824kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Disappointing Chinese Data Weighed on Asian Shares

On Thursday, Asian stocks were partly lower from its 10-year highs as Chinese data showed softer than the expected figures of the markets. On one side, the dollar remained unchanged prior the release of its inflation data later this day.

Fixed-asset investment in China, along with the retail sales and factory output came in lower, underlining some reports that the world’s biggest economy is slowly losing its strength due to rising borrowing costs.

The Aussie dollar is known to a liquid proxy for China-related tradings, but its gains also reduced, reaching 0.3 percent at $0.8006 followed by the robust data on employment.

The shares of MSCI’s broadest index of Asia-Pacific, excluding Japan, fell by 0.1 percent on the back of reaching its highest in 2007. After the sluggish data, Chinese stocks are currently in an unprofitable financial condition and gave up its earlier gains.

While Nikkei Japan slid by 0.2 percent and the broader TOPIX wiped off its two-year peak along with the weakening of the Japanese yen.

Additionally, KOSPI index of South Korea was up by 0.1 percent while the Australian shares had a 0.2 percent dipped.


File Attachment(s):
chinesedata.PNG (699kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
The current Money Fall contest has already started on September 18, 2017 and will end on September 22, 2017.

You can register for the next competition which will take place from September 25, 2017 to September 29, 2017

Note:
Registration for the next competition finishes 1 hour before the contest starts.



Andrea ForexMart attached the following image(s):
winners.PNG (153kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Optimistic Economic Outlook for the U.K

According to the Bank of England officials, the UK economy is getting quite more bullish. The Centre for Economics and Business Research revised its projection upwards for the British economy on Monday. The organization noted that the manufacturing sector rose, while the worst scenario on consumer-spending squeeze had already buttoned up.

Moreover, the macroeconomic consulting team predicted that the United Kingdom will grow by 1.6 percent for 2017, 1.4 percent for next year which shows an expansion of 1.3 percent versus the previous 1.2 percent.

The changes were applied after the BOE policy makers mentioned last week regarding their thoughts to increase interest rates for the first time after a decade. Despite the risks imposed by the Brexit, the economic statistics still showed some slightly stronger figures than expected.

Before the week ends, the British pound will reach 3 percent approximately as markets are pricing for a rate hike in February. Moreover, Deutsche Bank, Barclays, and Scotiabank are the banks that predicted about the increase in November.


File Attachment(s):
optimisticeconomic.PNG (618kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Japanese Firms Expect Positive Economic Growth for US and China

Large number of companies in Japan have optimistic views for the American economy based on Reuters poll. This restored market confidence as they worry about the possible slow down of US growth.

The majority also had issued a positive forecast for the Chinese economy amid the negative outlook of few companies that prospects seem greater than for the US economy.

The poll made by Reuters Corporate showed that 64 percent of Japanese firms believe that the United States will continue to grow within its current momentum, while there are 19 percent who presumed that the country will further expand. The other 17 percent anticipates for a slackening growth. However, many respondents, including the manager, questioned the competence of the Trump administration in managing the main policy issues. The survey is done on August 30 until September 12, this concurred with the upward revision to U.S. GDP for Q2 which appeared to be higher than the strong consumer expenditure and business investment. Moreover, the poll started upon the arrival of Hurricane Harvey on Texas and the survey was finished when Hurricane Irma get into the shores of Florida. Even before the poll was published, experts downgraded forecasts for GDP but economic indicators showed stronger stance which led to further increase.

According to the survey conducted by the Reuters Corporate, there are 59 percent firms in Japan, with direct or indirect transactions with the US, stated that their business plans appeared to be running smoothly. But 33 percent claimed that there is quite delays and sluggishness while the remaining 8 percent are yet to review their plans.



File Attachment(s):
japanesefirms.PNG (1,012kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Australian Economy Will Decline In 2018, Says Evans

According to some readings, Australia’s economic growth may decline in 2018, while the Reserve Bank of Australia (RBA) is planning for a rate hike and this will be the first time in late 2010.

The Westpac-MI Leading Index gauges the domestic and international indicators in speculating the possible outlook of Australian economy within 3-9 months. However, the composite index is down to -0.19% in the previous month and stayed in the negative zone for three consecutive months.

With the -0.19% result may indicate that Australian economy will decrease lower than 2.75%, this is generally known to be the current trend rate of the country. On March 2017, the rate came in at +1.13%.

According to Westpac chief economist, Bill Evans, the latest predictions would affect those who anticipated that the GDP growth for 2017 will reach 3%, the expectant, including the RBA may likely end up disappointed. In spite of the mixed data for this period which may further drag down the headline index, Evans remained unchanged with his views that economic growth of the county will still be lower next year.
File Attachment(s):
australianecon.PNG (679kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
US Federal Reserve Kept Interest Rates On Hold

The biggest crisis within the financial sector was recorded nearly a decade ago, while the Federal Reserve lead the turning point and decided to begin unwinding the stimulus in order to avoid another depression.

Moreover, the US Fed will begin the $4.5 trillion worth of balance sheet reduction in October and initially will start by $10bn each month. According to Fed chair Janet Yellen, the normalization process is expected to be gradual and seems foreseeable.

While US policymakers kept the dollar rates unchanged at 1.25% to 1.5%. The FOMC is projected to increase borrowing costs for the second time in 2017, followed by the anticipated three-time hike in 2018.

During the press conference, J. Yellen confirmed that the central bank has no clue regarding the failure of inflation to return to its target. In addition to, she already anticipated for the short-term damages caused by Hurricanes Irma, Harvey and Maria to the American economy. Yellen still doesn't have any plans for the future as she hasn’t met US President Donald Trump and did not even discussed whether she would pursue to have a second term after her first stint which will end on February 2018.

It appears that investors see the Fed’s decisions as positive, considering the shares moved slightly higher in New York. The American dollar rose amid the weakening of the US government debt. Investors are prepared with the impact of the Fed’s policies against the markets.


File Attachment(s):
usfederal.PNG (916kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
The current Money Fall contest has already started on September 25, 2017 and will end on September 29, 2017.

You can register for the next competition which will take place from October 2, 2017 to October 6, 2017.

Note:
Registration for the next competition finishes 1 hour before the contest starts.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Economic Calendar (September 26, 2017)

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

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.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.


Andrea ForexMart attached the following image(s):
calendar.PNG (57kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
NZ Business Confidence Index Plunged After General Election

After the general election in New Zealand, the business confidence in the country has declined to its two-year low which is caused by the fears of manufacturers for a downturn.

Before the voting on September 23, the confidence index fell to zero against 18.3 last month as mentioned by ANZ Bank New Zealand on Tuesday.

More than three months passed after the survey of manufacturing companies issued a pessimistic forecast for business conditions within next year, higher by 2 percent in the earlier poll.

Moreover, the sector has the tendency to cut down hiring while respondents are expecting for a lower salary.


File Attachment(s):
nzbusiness.PNG (686kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Qatar’s Imports Surged in August Despite of Sanctions

Imports of Qatar rose in value as it bounced off abruptly during the month of August compared to the earlier month as stated in the government data on Wednesday. This could mean that the economic impact of sanctions enforced by neighboring Arab nations is ebbing.

Previously imports dropped over a third in value after several countries including the United Arab Emirates, Saudi Arabia, Bahrain and Egypt which severed their diplomatic ties with Doha on June 5. However, this affected the shipping routes to Qatar as it closed the border of its country with Saudi Arabia where food and construction materials are being imported.

However, figures showed a sudden increase of 39.1 percent to 8.68 billion riyals or $2.38 billion last month as reported by the planning and statistics ministry. Although in contrast to the statistics from a year earlier, the imports were 7.8 percent lower exhibiting a big recovery compared to the levels for the month of June and July when it plunged greater than 35 percent last year.


File Attachment(s):
qatarsimports.PNG (478kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Economic Calendar (September 28, 2017)

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

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.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.


Andrea ForexMart attached the following image(s):
calendar.PNG (61kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Hurricanes to Slow Down US Economic Growth

The American economy improved slightly faster versus its earlier estimate during the Q2, this is the fastest growth recorded after two years. However, the progress could possibly slow down in Q3 brought by the blow of Hurricanes Harvey and Irma. The GDP rose at an annualized rate at 3.1 percent from the months of April to June, according to the Commerce Department on Thursday.

US economic status in the last quarter was considered the fastest since the Q1 of 2015, after the 1.2 percent progress from January to March. According to economists, the huge storms Harvey and Irma that hit Florida and Texas has the tendency to cutback six-tenths of GDP percentage point in the third quarter.

The home building, home sales, industrial production, and retail sales dropped in August which was mainly blamed to hurricane Harvey. Moreover, the sluggish data is already expected in September due to the so-called ‘monster storm’ Irma. However, recovery plans are predicted to lift growth for the GDP in Q4 and also in 2018 earlier. The indications that show further improvement on business inventory investments could possibly ease down its effect towards the economy.

Other reports on Thursday states that the Commerce Department says, wholesale inventories grew by 1.0 percent for the month of August and 0.6 percent in July subsequently. While retailer’s inventories perked up by 0.7 percent and remained steady in July. On one hand, the department added that goods trade deficit declined to 1.4 percent ($62.9 billion) last month, which led to an upside risk to growth forecast below 2.5 percent for the fourth quarter.

The aftermath of the previous storms Harvey and Irma continue to affect even the labor market which is projected to a weak growth on jobs for the current month. Based on the third readings of the Labor Department, the initial claims for unemployment insurance benefits rose to 12,000 according to a seasonally adjusted 272,000 for the week until 23rd of September. Furthermore, prices of long-dated U.S. Treasuries traded in a lower rung, and DXY weakened against another group of currencies.


File Attachment(s):
hurricanes.PNG (694kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
The current Money Fall contest has already started on October 2, 2017 and will end on October 6, 2017.

You can register for the next competition which will take place from October 9, 2017 to October 13, 2017.

Note:
Registration for the next competition finishes 1 hour before the contest starts.


Andrea ForexMart attached the following image(s):
winners.PNG (127kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Asian Factories Improved Activity Before Shopping Season Begins

Large factories in Asia has been more active in September along with the rise in global growth with signs if a strong demand for manufactured goods which end the shopping season very well. Yet, some regional economies who are experiencing economic struggles keep the direction slightly bent as they need to implement softer monetary policy despite western countries have pushed back their stimulus.

The central bank of China has reduced the number of cash reserves for the first time since February 2016 which aims to make it more appealing for smaller lending companies and boost the stagnant private sector. The slowdown of their economy did not meet expectations even if they started the first half strongly. Although, they have plans of easing as they prepare ahead of the shopping season. This was supported by the official Purchasing Managers’ Index from China’s vast manufacturing sector whereby data shows a high demand in the previous month which have been the fastest rate since 2012.

However, the higher cost of raw materials has affected the performance of smaller companies which was exemplified in the separate private survey of factories indicating slowed growth for the month of September.

In Japan, the factory performance also accelerated at a quicker rate in four months because of strong demand in exports that affects the economic momentum despite the unchanged inflation rate. Moreover, the Bank of Japan reported that large manufacturers have gained more confidence in business situation over a decade, driven by the low value of yen and a strong global demand. Nevertheless, the BOJ plans to maintain their rates low.

Also, the Manufacturing business in South Korea grew at the fastest rate in less than two years.

Indonesia also demonstrated a rise in factory growth although at a slower rate and the production also declined. The country eased their interest rate twice this year hoping to improve the weak domestic consumption.

Yet, India cut its rates in August to stimulate growth and inflation.

Overall, it seems that these easing of the Asian nations is not really a major move but rather mere adjustments in policies compared to the Western countries as described by Rob Carnell, Asia’s head of research of ING.


File Attachment(s):
asianfactories.PNG (820kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Australia’s Consumer Confidence Slightly Declined

The consumer confidence in Australia declined last week due to the current and future finances sentiment and risks on longer-term outlook remains.

The ANZ-Roy Morgan Consumer Confidence Index slipped by 0.6 percent to 113.4 during the week until October 1st, showing a positive sentiment to the economic situation offset by the decline in the prospect of households based on personal finances.

Moreover, consumers are confident regarding the current and future conditions of the economy and came in at 2.5 percent last and 2.0 percent accordingly. However, the household’s outlook is down to 1.6 percent.

Felicity Emmett, ANZ Senior Economist, stated that the financial condition remains above average in the longer-term even though its stability became shaky. The index for buying household goods lowered down by 3.3 percent, as the increased last week eased off and keep below the long-term average. This coincided with the forecast on retail sales for the month of August which has the tendency to decline due to the recovery period.

Furthermore, expectations for inflation revised upward from 0.1 percent to 4.5 percent based on the four-week moving average.


File Attachment(s):
australiasconsumer.PNG (994kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Try the New Copy Trade System!

Dear traders!

ForexMart continuously aims to improve its work and provide clients with the wide range of services for online trading on the Forex currency market.

We are pleased to offer you to use the new copy trade system. This service allows you to trade, copying positions and trading strategies of the most successful traders in real time. Account monitoring gives the opportunity to monitor the daily update of trading indicators, that allows you to control the process yourself.

Our company offers to consider the accounts of three ForexMart top-traders. Choose the most appropriate trading style and subscribe to copy the deals in just one click!

The new service is ideal for beginners, as well as for traders who do not have a lot of time. This type of trading does not require in-depth knowledge in Forex trading and allows you to save significant time. You just need to subscribe to one of the three offered strategies and the orders will be automatically copied and displayed on your account. The service is provided free of charge.

Stay tuned and watch the news. ForexMart always tries to make your trade even easier and more profitable!


File Attachment(s):
copytrade.PNG (531kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Russian Services Sector PMI Reached a Three-month High in Q3

The services sector in Russia rose at the fastest rate in three months to September amid higher demand in new orders and hiring according to the survey on Wednesday.

The Markit purchasing managers index (PMI) for the said sector increased to 55.2 in September from 54.2 in August. The figure stayed higher than the 50 mark which set apart increase from contraction since the second month of 2016. The survey showed a stronger output, new orders and high export demand boosted the manufacturing activity for the first time since August 2013.

Experts that derived the conclusion that both foreign and domestic clients pushed the high demand for new orders. At the same time, a good business environment contributed in improving the business confidence and adjust the anticipated output higher to an eight-month high.

The expansion of business since the end month of 2012 has been at the fastest rate that backed up the rise of employment growth. Moreover, the workforce has significantly increased at the swiftest rate since May 2013 as mentioned by an IHS Markit economist Sian Jones.


File Attachment(s):
russianservices.PNG (761kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
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.
File Attachment(s):
populardeal.PNG (713kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Politically Impelled Depreciation of New Zealand Dollar

A decline in the local dollar is anticipated as warned by the leader of the small nationalist party which will determine the next government of the country following the uncertain outcome of the general election. The New Zealand dollar dropped to its lowest value since the latter part of May on Monday after the final counting of votes at the weekend which exhibits the opposition of the Labour-Green bloc leading paired against the ruling National party. Although, the National party occupies a greater number of seats.

After the final counting of numbers, there is a market speculation that the New Zealand first leader , WInston Peters, has to receive support from both parties to reach sufficient supporters to oversee the proportional representation system of the country and would be easier to work together along with the center-left Labour-Green bloc, inducing investors to sell their assets in New Zealand.

Peters negotiated with both Labour and National parties on Tuesday. He has previously served the ruling party headed by both political bodies. Once the election has ended, he was anticipated to publicize with the party would he be associated with on October 12. Yet, reports from media say that he was not ready to announce his preferred coalition by Thursday and cannot decide if there will be an announcement on Friday.

The New Zealand currency plunged by 3.7 percent since the election on September 23rd. It reached a four-month low of $0.7052 on Monday then rose the following day traded at $0.7063.

Consequently, exporters will find this news a good event being an export-reliant nation as said by Winston Peters after its meeting with Labour when he was being interrogated about the depreciation of the currency.

The nationalist party supports the arbitration of the Reserve Bank of New Zealand in the foreign exchange market and the kiwi is ranked as 11th eleventh in the currency market in 2016. On the other hand, the Labour party supports some revisions in the mandate of the central bank related with inflation. The Labour party has more commonality with the protocols of NZ First and putting more pressure in the market regarding the changes in policies since the National has more control over 10 years. At the same time, both parties also favor the adjustments in immigration, foreign proprietorship, and renegotiation of some trade deals. Peters has not given any decisions but he mentioned that control in foreign ownership will be his focus on most of the talks.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
World Bank Cuts Growth Projections in India

The Gross Domestic Product (GDP) of India may decline to 7.0 percent for this year versus 8.6 percent in 2015 due to concerns in demonetization and the Goods and Services Tax (GST). As per the forecast from the World Bank, controlled private investment brought by internal bottlenecks could impose downside pressure towards India’s potential growth.

On Wednesday, The International Monetary Fund (IMF) had revised lower the country's growth outlook at 6.7 percent in the current, this shows 0.5 percentage point lower than the two previous forecast and weaker than the 6.8 percent by China.

As indicated in the biannual economic update from South Asia Economic Focus, the economic development of India was greatly affected by the issues regarding the withdrawn banknotes and risks involving the GST. Therefore, resulting to an expected slow growth.

The growth could increase by 7.3 percent next year through implementing fair policies in balancing public expenditure with private investment. It is projected that sustained growth could lead to further poverty alleviation and more attention is necessary to help the informal economy gain benefits, according to a report issued prior the annual meeting of the World Bank and the IMF.

Moreover, the reduction on India’s economic growth also weighed down to South Asia, which resulted to a tip over the second rank followed by the East Asia and the Pacific.

On the other hand, both public and private expenditure have faster pace after the approval of the Seventh Central Pay Commission (7th CPC). And also because of the recovery in the rural demand subsequent to the agricultural impetus and normal monsoon. Meanwhile, the aggregate demand decline as public investment begin to weaken.

The bank mentioned that GST is forecasted to stall economic progress earlier next year, however, there is a tendency that momentum may raise. There are indications that shows manufacturing, post-GST and services could possibly decrease sharply.

The economic activity could sustain within a quarter in stabilizing the GDP rate at 7.0 percent in 2018.


File Attachment(s):
worldbank.PNG (562kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Finance Minister Le Maire Confident for Optimistic French Economy

Finance Minister Bruno Le Maire is present in the conference with central bankers and Group of 20 finance ministers led by the International Monetary Fund. He met with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and U.S. Treasury Secretary Steven Mnuchin on Thursday. During the meeting held in Washington, Le Maire told officials his confidence towards the expected economic performance of France. Considering the determined behavior of Macron administration in implementing reforms. According to Le Maire, the main purpose of President Emmanuel Macron’s leadership is to give France a new and improved economy. There are different projections about French GDP but currently predicted to increase by 1.7 percent in 2017, which indicates the country’s strongest development after six years.

The French Ministry of the Economy and Finance reported the continuous expansion with the same pace in 2018, however, the Finance Minister stated that it could possibly jump beyond official outlook.

After Macron’s five months in the position, he successfully put into effect complex labor laws reform which enables companies to have more flexible environment working period and implementation of job cuts. Moreover, the French leader began to discuss with associations and corporate groups the intention to revamp employee training and unemployment-insurance system.

The government also prepared the national budget for 2018 that will reduce taxes and public expenditures, Le Maire said.


File Attachment(s):
financeminister.PNG (624kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
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.



File Attachment(s):
populardeal.PNG (711kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Trump Administration Pushes Fair Trade Relationship with Japan

The U.S. administration under Trump regime is aiming for a more levelheaded trade relationship with Japan as the prominent economic talks with the third largest Asian economy progressed this week in America, stated by U.S. Vice President Mike Pence.

During the second-round of meeting between U.S. and Japan, Pence left comments including discourse between the White House Cabinet members and highest rank Japanese government authorities. Pence has shown immense interest to free trade deals during talks but the Japanese government official did not give more details on this.

He also mentioned that the focus of this agreement is to guarantee the “free and fair trade” relationship particularly on trade and investment policies between the two countries. Both nations have initiated this talk in February and had their first course of talk in April. They have achieved initial progress in the second course of talks that includes the consensus to remove limitations on persimmons from Japan and potatoes from Idaho as mentioned to the statement given during Monday’s arbitration.

The automobile industry has also improved while Japan acquiesces to streamline noise and emission testing on car exports for the United States. Moreover, both nations will publish a statement related to energy concerns that include liquefied natural gas and coal while foreign exchange was not part of the discussion.

The U.S. President Donald Trump has been berating the mercantile trade deficit of their nation with Japan.although, this is just next in order to its gap with China amid the large volume of trade imports particularly on Japanese cars and electronics. The leader has clearly cited that he favors the bilateral trade deals and push it through to lessen trade disparity instead of multilateral agreements such as the Trans-Pacific Partnership which he ended as soon as he became the president of America.

Trump would meet the Japanese Prime Minister Shinzo Abe in his next trip to Asia next month and the interest on trade and economic ties will surely be of great concern. On part of the Japan, the Japanese delegates have pointed out the relevance of U.S. and Japanese diplomatic ties which significant in the background of threats posed by North Korea with the capital’s missile and nuclear programs.

A lot of businesses in U.S. aims to have a bilateral deal with Japan after their withdrawal from TPP that has greatly decreased the range of Japanese tariffs. This positions various U.S. companies at risk and they are on the downside compared to other countries who were still part of the agreement. On the other end, the Asian nation is open and hopeful to persuade the Western nation to be part once again of the TPP deal which was mediated over the years. This would be a stepping stone of the country to discuss topics on trade and investment rules as well as the Japanese investment on U.S. energy and infrastructure.


File Attachment(s):
trumpadministration.PNG (1,028kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
ECB Asset Purchases Refused by the Court of Germany

The appeal for an injunction to prevent the Bundesbank in participation to the asset purchase program of the European Central Bank has been turned down by the Constitutional court of Germany, according to the recent statement of the court. The program is worth 2.3 trillion euro or $2.7 trillion.

As observed previously, the German court was reticent when it comes to the asset purchases in the past. The ruling is now left in the hands of the European Court of Justice which has sided with the ECB when bond buying was put into question.


File Attachment(s):
ecbasset.PNG (706kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Fed Sees Modest to Moderate Growth in US Economy

The American economy had a modest to moderate pace of expansion in September until earlier in October. This occurred amid the hurricanes that hit the some U.S. regions, while the Fed stated that the latest readings of the US economy were issued yesterday, but still showed several hints of rising inflation.

Moreover, the Federal Reserve said that the surge of hurricanes Harvey and Irma happened during the polling period which might have an unfavorable effect towards the economic growth in third quarter. As the report shows three out 12 Fed’s districts, including Atlanta, Dallas, and Richmond, suffered from major disaster from the storms. The Fed Reserve of Dallas, particularly, Houston, was badly affected and did not anticipate for a critical disruption in the long-term.

Moreover, the report further underlined the Fed’s major issue which is the insufficient evidence for the increasing inflation amid the need of finding competent laborers.

Excess demands were very drastic in healthcare and service positions, construction, skilled manufacturing, and transportation. Hence, these shortages constrain the growth of the business, according to the Fed. Nevertheless, it failed to lift wages higher and further resulted in slight changes in the overall selling prices in some regions, indicating an increase in manufacturing input costs.

As for the Fed, there is nothing new about rumors on strong economic development and employment, however, there are widespread price pressures that followed which triggered probability that inflation will be fixed at the low level as the policymakers did not understand clearly the reasons behind.

The current target inflation of the Fed downgraded to 1.3 percent versus the initial objective at 2 percent. On the other hand, Fed Chair Janet Yellen is expecting inflation to bounce back while the central bank is in the process of raising interest rates again by the end of the year.


File Attachment(s):
fedseesmodest.PNG (667kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
World Economy’s Best Performance in Ten Years Boosted by China

The strong economic development of China boosted the global economy that has been perking up on its most excellent performance in 10 years. The world’s second-largest economy announced on Thursday the expansion of 6.8 percent during the third quarter, after central bank governor Zhou Xiaochuan contemplated about the 7 percent pace for the second half over the weekend. Moreover, due to hints about the prospect of a sharp decline in 2018 could fade away, the economists of Goldman Sachs upgraded their projection by 6.5 percent increase next year.
Indications of growth were clearly seen in Asia on Thursday, as the central bank of South Korea further raise its economic growth outlook for the current year, and exports from Japan attained double digits for three months straight in September, while the unemployment rate in Australia reduced surprisingly. The International Monetary Fund (IMF) has lifted its forecast for the United States, China, Europe, and Japan, stating that the global economy is performing at its fastest pace in a decade.

The Washington-based IMF predicted the world economy will expand by 3.6 percent in 2017 and 3.7 percent in 2018, showing growth of 0.1 percentage point against the earlier estimate, with the Asian region contributed 63.3 percent for the development.

The renewal of China’s import demand became the major support throughout Asia, coupled with the strong recovery in Asian exports to EU and US that made an upswing around the globe, according to chief Asia-Pacific economist Klaus Baader from Société Générale SA.

Also, Zhou mentioned that the impetus for China’s acceleration in the second half is derived from the household consumption which was indicated in the statistics issued yesterday. While the retail sales grew by 10.3 percent last month earlier this year. Aside from consumption, the Chinese data includes government expenditure that provided 64.5 percent growth from Q1 to Q3 of 2017 which shows 2.8 percentage points higher versus the same period in 2016.


File Attachment(s):
worldeconomy.PNG (646kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
This week’s most popular deal:



File Attachment(s):
populardeal.PNG (713kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Unemployment Rate in France Drop in September

The total unemployment figures of France reduce in September based on the records from the Labour Ministry issued on Tuesday. This encourages French President Emmanuel Macron to execute further efforts to improve the job market.
The number of unemployed individuals in the mainland France was lowered down by 64,800 last month, this is the largest decrease since 1996.
The 1.8 percent drop after a month and 0.5 percent within a year resulted in a total of 3,475,600 jobless people which is the lowest level from the month of April.
The improvement was achieved due to reform efforts by Macron’s leadership that created more jobs and increased growth.

President Macron is considering the reduction of unemployment in the country down to 10 percent for years, overhauling the rules of labor industry last month. This could be followed by some changes in unemployment benefits and professional training subsequently.
The business confidence of France also perked up since Macron’s victory in May elections. The French politician pro-business reform agenda tend to shift company’s activities upwards in order to manage robust demand, according to a survey published on Tuesday morning.
Moreover, the emergence of new businesses led companies to hire additional workers in October which could regulate rising backlogs, hence, this is the fastest pace recorded in a decade based on the monthly purchasing managers survey.

On the other hand, industrial firms reported that their efficiency is moving towards the highest levels prior the outset of 2008-2009 global financial crisis indicated in a quarterly survey by the INSEE statistics agency on Tuesday. The expanding number of companies seems struggling to keep up with the demand. There are 32 percent of managers who admitted facing some congestion in the production system. This could be a positive indicator for the job markets considering that companies are forced to take more laborers in order to cope the demands of the client, therefore, reducing the unemployment rate.


Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
US Economy Supported by Trade and Inventories

The American economy unanticipatedly sustained the rapid momentum in Q3, as the inventory investment increased and the smaller trade deficit eased off the impact from hurricanes towards the fall in consumer expenditure and curbed in construction.

The country’s GDP gained 3.0 percent at an annualized rate during the months of July until September, which further strengthened the robust business equipment spending as mentioned by the Commerce Department on Friday. While goods inventories for sale added nearly three-quarters of percentage point growth during the previous quarter and the improved GDP underlines the economic health. This excludes the inventory investment, the economy was able to advance by 2.3 percent rate against the slow down by 2.9 percent during the second quarter. The estimates for domestic demand also declined to 2.2 percent versus 3.3 percent obtained in Q2.

The United States acquired 3.1 percent growth during the second quarter, and this was the first time that the U.S growth reached higher than 3 percent for two consecutive quarters. Forecasts from economists show that GDP will increase by 2.5 percent in the third quarter. According to the US administration, it seems difficult to determine the effect of hurricanes Harvey and Irma towards the GDP in the third quarter. Initial evaluation indicates that the subsequent storms generated losses amounted to $US10.4 billion of government-owned fixed assets and $US121.0 billion ($A157.8 billion) worth of privately owned fixed assets.

Inventories cumulated from firms came in at $US35.8 billion in the Q3, which boosted inventory investment by 0.73 percentage point to GDP growth in the said quarter. The inventories contributed an output of more than tenth of percentage point in the previous period. While economists are expecting for a decent expansion from inventories in the last quarter. Despite the drop in the fourth quarter and surpassed the sharpest decline in imports for three years which led to a smaller trade deficit and provided four-tenths of percentage point to economic development. Trade supported the output for three quarters in a row.


File Attachment(s):
useconomy.PNG (785kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
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.
File Attachment(s):
populardeal.PNG (713kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
RBNZ Hold Official Rates Steady
Economists are expecting that the Reserve Bank of New Zealand will maintain its official cash rate at 1.75 percent upon the publication of its monetary policy statement scheduled on Thursday. However, the schedule of future hikes appears to be dull until the new policies of the Labour-led government were already established. Either way, the rate increase still does not have specified time in the future. Most likely, the hike will happen at the end of 2018 while forecasts from the central bank show that the raise will hit at the end of 2019.
An upward pressure is expected on local monetary policy, particularly on interest rates from foreign regions since the bank aims to ease off remaining artificially low rates since the Financial crisis of 2007–2008.

In the previous week, the BOE implemented a rate hike after 10 years, raising from 0.25 percent to 0.5 percent. The Fed Reserve is known to lift its rates twice in 2017 and maintained within the range of 1 to 1.25 percent, however, some comments opposing the market expectations affected the rates and tend to increase again this December. In October, the European Central Bank mentioned that it plans to reduce the level of bond purchases for each month along with the leading yields of US 10-year bond that recently acquired 2.4 percent. Cameron Bagrie, ANZ chief economist, spoke about the slightly higher international signals compared with local rates.

On the other hand, the financial markets are dealing with the future of new policy targets agreement (PTA) between the Reserve Bank and the Government. As indicated in the contract, the bank is obliged to maintain the next annual inflation within the average range of 1-3 percent in the medium term. Its focus is to manage future average inflation around the target midpoint of 2 percent. The employment intends to expand the deal in order to create an adequate level of labor rates as part of its objective while the political party NZ First discussed the policy revision.

The total inflation for the year came in at 1.9 percent issued in September but new guidelines of the administration regarding wages and regional fuel taxes might influence prices to push higher. The greater-than-anticipated jobs figures last week highlighted a tighter labor market coupled with upside risks to inflation and surprised the RBNZ. The Reserve Bank explained that it anticipated for interest rate trends from overseas, especially from the US 10-year bond yield that serves as the major influence towards domestic rates.

On Friday afternoon, the Kiwi dollar was down to US69.2c as the head of NZ First Winston Peters declared a coalition agreement last October 19.


File Attachment(s):
rbnz.PNG (1,079kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
German Investor Confidence Rose According to Sentix

The German investors sentiment had increased, reaching its highest level for this month. The country is the largest economy in the eurozone that managed a global economic expansion based on the statement of Sentix issued on Monday. The survey was released since the EU obtained a fast-pace economic recovery subsequent to a prolonged period of slow economic growth, the development period was supported by the dynamic money-printing programme of the ECB. Moreover, this raises concerns regarding bond bubbles and property within the cluster of rich countries.

The economic sentiment index of Germany by the research group Sentix showed an upsurge of 42.4 versus 37.7 in October based on 1,000 investors who responded to the survey. Broader euro indices and the world economy arrive at 10-year highs. European Sentix index gained 34 points in November compared with the 29.7 in October, overcoming analysts expectations and reaching its all-time high since July 2007 EUSTCS=ECI. Forecasts for other improvements of the European economy climb to 22.8 against 18.3 earlier.



File Attachment(s):
german.PNG (687kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Trump’s Approval Rating Declined: CNN poll

The American citizens have high approval rating to the US economy prior the Sept. 11, 2001 attacks, but the public’s confidence towards President Donald Trump has declined based on a new report. According to the result from CNN survey on Wednesday, there are 40 percent respondents who believe that Trump was able to fulfill his job and other election promises, indicating an 8 percent fall from April.

In addition to it, the 40 percent stated that Trump has the capacity to improve what the country needs as to the total of 49 percent after the voting. The declivity was brought by Republican and independents in general. Since November 2016, the Republicans who say that Trump is able to perform the much-needed change of the US was reduced by 10 percent. On the other hand, there is a 9 percent decrease for independents.

Nevertheless, there are 68% of respondents who consider the US economy healthy, the total was 11 percent higher before the inauguration of D.Trump. Contrarily, 59 percent expects for a better economic health in 2018. While 30 percent thinks Trump could further unify the country and not disunite it and 43 percent projected that he will strengthen the bond of the country in November 2016.

The United States presidential approval rating gained 36 percent since the beginning of the week, this is the lowest score since he was designated in office. The CNN polling conceived during November 2 to 5 with 1, 021 adults as a random sample. The margin of error (plus or minus) is 3.6 percentage points.


File Attachment(s):
trumpsapproval.PNG (761kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Economic Calendar

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

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.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.



Andrea ForexMart attached the following image(s):
calendar.PNG (70kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
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.


File Attachment(s):
vatreturns.PNG (485kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Record Low Drop of Aussie After RBA November Meeting

It is still unknown when will the Reserve Bank of Australia be able to return to sufficient wages which would lift weakened inflation. At the same time, commentaries from the board push the dollar to its lowest level in five months.

During the minutes of the Reserve Bank's Melbourne Cup day, it can be concluded that they are heedful that low unemployment rate could not be directly associated with the globalization and technology and put upward pressure on inflation.

The cash rate positioned at a historic low of 1.5 percent following the November meeting when board member expressed their uncertainty on wage growth. When the unemployment rate drops, the salaries are expected to have an incremental increase. This could have a cooldown effect on the diminishing surge of the mining sector. Although the board members expressed that uncertainty with the possibility of a wage pressure and the size of its effect on the inflationary pressure.

At the same time, tension coming from strong competition and a quicker rate in productivity pickup could hamper the push through of tighter labor market conditions to inflationary pressure.

Following the release of the meeting, the Aussie dollar dropped to 75.33 US cents from 75.58 US cents which have been the lowest level since June.

As mentioned, the board members see the competitive pressures effect on the outlook for inflation is predicted to decrease down to 2.25 percent but this is still within the target range of the central bank until the middle of 2019.

In effect, it seems that the food retailers and other enterprise adjusted their business models to able to cope with cost problems. It is anticipated that the pressure on retail margins and costs will remain for a while.

On the other hand, the board member also took notice that the wages growth weakened even though the supply in the labor market is declining. Hence, there is a chance that the current wage growth would not have a direct effect on the demand for labor and be less receptive to the changes in demands for labor.

The chief economist of Royal Bank of Canada Su-Lin Ong presumed that the wages growth will reach the lowest rate in 2017.

Considering the global trend, it cannot be clearly deduced whether the pace of wage growth could be maintained.

Ong mentioned that the RBA could hold the rates at a steady pace in 2018 and proceed with increasing their prices the year after and end with two percent cash rate. She noted other factors such as weak domestic demand and variability in housing that is still far from reaching its goals amid an excessive labor market would have a minimal effect to raise the cash rate from 1.5 percent in early 2019.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Flat Economic Yield Curve Impact to the Economy

The U.S. Treasury yield curve is intensifying concern as it has been moving flat at a quicker rate which could affect the outlook for the economy. Although, this is already expected since the slope of the curve has been a relevant tool because of its stability and positive track record. Oppositely, a narrow curve would mean a slowdown in growth.

The economic signal has been more robust when there is an outright curve inversion, which happens when short-term yields are greater than those on longer-dated Treasuries. It is not the current situation but generally, people aim for 63 basis points. The difference between two- and 10-year Treasury yields have been reduced from 128 basis points in January which is the least gap since 2007 just before the recession began.

There are investors who believe that the Treasury yield curve is enough to guarantee a change in the economic outlook but it is still far ahead. It is necessary to stabilize the changes in the yield curve of the financial market compared to the general economic yield curve.

The spread between the federal funds rate and the nominal gross domestic product is the yield curve of the economy. This association is significant as it determined the ability of businesses and their consumers to afford higher borrowing costs which would ultimately affect the growth of the economy.

Based on third-quarter data, the economy’s yield curve is near 300 basis points, which is can be achieved by taking the 4.1 percent annualized rate of growth in nominal GDP and deduct to the quarterly average of the federal funds rate of 1.15 percent. The spread widened by 65 basis points compared last year. However, despite the increase of 25 basis points by the Federal Reserve, the gap would increase the estimated by 4.5 percent to 5 percent growth in the nominal GDP which is already anticipated.

Nevertheless, changes in the yield curve of the economy will be supported by the higher spread between the federal funds rate and nominal GDP growth amid a not-so-strong and restricted growth of the financial market. This would prop up profits and equities of businesses. The future perspective of the fixed-income market may not be that positive since higher growth would induce Fed to normalize monetary policy through rate hikes.


File Attachment(s):
flatecon.PNG (990kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Japanese Government Additional Budget for FY2017

The Japanese government allocated an extra budget of 2.7 to 2.9 trillion yen equivalent to $24-26 billion for the current fiscal year until March 2018. There is an extra budget estimated worth of 1 trillion yen to boost expenditures, according to the official sources from the government

Moreover, the government will remove excess cash compared to last year’s fiscal budget and unutilized money from debt processes since the lending costs were lower-than-expected, according to reports.

There is no plan to make up with a deficit in bond issuance as long as there is ambiguity since there is still uncertainty in the future plans.

After a major election in October, the Prime Minister Shinzo Abe’s cabinet members aims to boost childcare support, enhance productivity involving small and medium-sized companies which would toughen competition among agricultural, fishery and forestry industries.


File Attachment(s):
japanesegov.PNG (502kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Canadian Trade Deficit Fell Off

The trade deficit in Canada slumped to a five-month low during the month of October sustained by the recent rebound in the declining exports. According to the report of Statistics Canada, the country’s trade deficit came in at $1.48-billion in the month. It further shrank from September’s $3.36-billion which is considered the least downturn since May that break the four-month trade downfall.

The reversal was interrupted by the rebound in exports, which seems gloomy in the past months after it accelerated on its record highs in spring. Exports increased by 2.7 percent month on month in terms of value and also gained support by strong prices which boost volumes by 1.2 percent. Moreover, the recovery of exports indicates optimism towards the Canadian economy for the last quarter in 2017.

The drop of exports has been regarded a major factor that dragged Canada in Q3, upon the sluggish GDP growth pace during the first half of the year. Moreover, exports could possibly buoy by the soft loonies, as it lowered down by 5 cents versus its American counterpart during early September and by the end of October.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
France GDP Expected to Grow, says BoF

The economy of France is projected to increase at a steady pace in October to December based on the poll led by the Bank of France. The gross domestic product of the country is predicted to rise by 0.5 percent in Q4, which remains steady from the second estimate published in November. The French economy grew by 0.5 percent in the third quarter.

The data from the survey today indicates that the industrial production resumed growing until November. The business leaders mentioned that output is planned to increase at a consistent pace this month. Moreover, the manufacturing confidence index also sustained its score at 106 last month, versus the forecasted increase of 107. On the other hand, the service sector activity heightened in the previous month. Business executives expect for a slight increase in activity for this month. The services confidence index further showed a steady stance at 102 in November, as the construction activity had a sharp rise in the same month. The sentiment index in construction gained slightly from 103 to 104, which was the highest recorded since December 2007. According to forecast, the activity may grow at a hardly slower momentum in December.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Try the New Copy Trade System!

ForexMart continuously aims to improve its work and provide clients with the wide range of services for online trading on the Forex currency market.

We are pleased to offer you to use the new copy trade system. This service allows you to trade, copying positions and trading strategies of the most successful traders in real time. Account monitoring gives the opportunity to monitor the daily update of trading indicators, that allows you to control the process yourself.

Our company offers to consider the accounts of three ForexMart top-traders. Choose the most appropriate trading style and subscribe to copy the deals in just one click!

The new service is ideal for beginners, as well as for traders who do not have a lot of time. This type of trading does not require in-depth knowledge in Forex trading and allows you to save significant time. You just need to subscribe to one of the three offered strategies and the orders will be automatically copied and displayed on your account. The service is provided free of charge.

Stay tuned and watch the news. ForexMart always tries to make your trade even easier and more profitable!


File Attachment(s):
copytrade.PNG (531kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
BoE will Keep the Normal Rates After Brexit

The Bank of England allows the financial institutions in the country to proceed with their selling transactions in the United Kingdom without the need for expensive subsidiaries after Brexit, despite the divorce deal between London and Brussels becomes unsuccessful as reported by the BBC.

The decision of the central bank will be publicized at 1300 GMT on Wednesday. These would ease problems to be faced by the European banks as they offer wholesale services in London that follows New York as the world’s financial capital.

Concerns regarding their requests for business hours, the BoE haven’t responded out of it. There are unidentified reports saying that the government and sound sources that the decision is supported.

The proposal of BoE would affirm for goodwill from Britain in Brexit talks that seek to maintain London as the financial center and manage more banks.

There are more than 100 branches of lenders that operate in London which is headquartered in London. In the present, banks in Britain functions under EU “passporting” rules, which will end in March 2019 when Britain leaves the bloc.


File Attachment(s):
boe.PNG (1,129kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Deposit Insurance

We want nothing but the best for all our clients – and that includes prioritizing your funds and interests.

ForexMart is a member of the Investor Compensation Fund, a fund conceived by the Section 17 of the Investment Services and Activities and Regulated Markets Law of 2007, which states every Cypriot investment firm must be part of the Fund. Its main objective is to secure claims of the covered clients in the event the company in question fails to perform its obligations, specifically:

Return the funds owed or belong to the covered client.
Turn over the financial instruments to the customer entrusted to the member firm.

The fund will pay the compensation for the affected client, subject to the existing legal and contractual terms. However, individuals with ongoing criminal proceedings are prohibited from making claims, as per Prevention and Suspension of the Legislation of Proceeds from Criminal Activities Law of 2007.

Compensation payable to the covered client will depend on the prevailing rules and company's books. It is computed by adding all the total established claims of the client against the firm, stemming from all the services rendered by the entity. As of present, the amount paid to the covered clients is €20,000.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Bank of Spain Seen Growth in Spanish Economy

According to the central bank of Spain, robust export could possibly help increase the country’s economy by 0.8 percent quarterly rate over the past three months of 2017 amid the unfavorable consequences brought by the Catalan political crisis.

The Spanish economy is expected to grow by 3.1 percent this year, however, the government has to revise the outlook for 2018 by 2.3 percent versus the initial estimate of 2.6 percent due to risks generated from the already separated regional government of Catalan that urge of its
independence last October.

On Wednesday, the central bank further mentioned that buoyant exports generally created for the economic fallout in wealthy Catalonia. The projections and official data are scheduled to be released next month by the National Statistics Institute.

Currently, Spain is one of the fastest-growing economies of the European Union after emerging from the collapse in late 2013.


File Attachment(s):
bankofspain.PNG (805kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
The current Money Fall contest has already started on January 1, 2018 and will end on January 5, 2018.

You can register for the next competition which will take place from January 8, 2018 to January 12, 2018

Note:
Registration for the next competition finishes 1 hour before the contest starts.

Congratulations to all the winners!
Andrea ForexMart attached the following image(s):
winners.PNG (141kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
ForexMart - Callback Service

We are more than ecstatic to attend to all your inquiries and needs. Upholding our firm commitment to be your reliable trading partner, ForexMart wants to help you in every step of your trading journey.

If you are having any trouble calling our customer service, you may get in touch with us using our callback service. The feature is primarily designed to address all client queries as fast as possible. With this service, you can request to get in touch with one of our managers at your most convenient time. Ask and we shall call you back.

All you need to do is to provide your contact details and indicate your preferred callback time by filling up the form. Our Sales Department will respond to all your concerns within 24 hours. For other questions, please do not hesitate to contact us.

The service is free of charge and can be used by all our clients. Here's to wishing you a successful trading!
Andrea ForexMart
Official Representative
UserPostedImage
Andrea ForexMart
  • Posts: 1042
  • Joined: 17/03/2016
Macron Signed Trade Deals with China

French President Emmanuel Macron had an official visit to China for the first, securing multi-million worth of euro business agreement and Chinese President Xi Jinping acknowledged future relations between France and China.

France was the first western country to seal diplomatic relations with the People’s Republic of China in 1964 and the visit made by Macron indicates high regard between the relationship of China and France. The French leader walked through the Forbidden City along with his wife Brigitte and some students from the French international school.

The talks of the two leaders were all about the “Belt and Road” initiative aimed to improve trade links with China towards central Asia, Europe, and southeast Asia. They also tackled about environmental issues during the visit and Macron stated in Chinese language to “Make our planet great again” in Chinese, as regards to the decision of Donald Trump to pull out the United States from the Paris agreement on climate change. Aside from advancing trade links, Macron tries to reduce the trade deficit of France with China worth €30 billion (35.8 billion USD) and to have a better access towards the Chinese market.

During the signing ceremony, both Presidents signed 50 trade deals which include the strategically key sectors of nuclear energy and aerospace. On the other hand, the aeroplane business Airbus is scheduled to seal a multibillion-euro contract with China and Chinese e-commerce company JD.com disclosed their plans of selling French products to Chinese consumers amounted to €2 billion for the next couple of years.


File Attachment(s):
mcronsigned.PNG (741kb) downloaded 0 time(s).

You cannot view/download attachments. Try to login or register.
Andrea ForexMart
Official Representative
UserPostedImage
 Atom Feed Rss Feed
Users browsing this topic
  • Guest (14)
  1. LandOfCash Forex Forum
  2. Forex Talks
  3. Brokers, Trading Platforms, Forex Tools
  4. Company News by ForexMart
Forum Jump  
  • You cannot post new topics in this forum.
  • You cannot reply to topics in this forum.
  • You cannot delete your posts in this forum.
  • You cannot edit your posts in this forum.
  • You cannot create polls in this forum.
  • You cannot vote in polls in this forum.