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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.


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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!

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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.
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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.

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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.

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Canadian Prime Minister Justin Trudeau Approved the Construction of the Coast for the Liquefied Natural Gas (LNG)


 


After three years of regulatory approval, the LNG project were officially agreed. This is also the first major energy project of Trudeau ever since he was appointed less than a year ago. According to the Environment Minister of Canada, Catherine McKenna, the plan were granted after thorough reviews and series of conditions and that is to help lessen the greenhouse effect.


 


It is one of the biggest project that the country will uphold which will have an estimated cost CA$11.4bn ($8.6bn/£6.6bn). The terminal will be constructed in the northern coast of British Columbia. One of the leading oil company, Petronas will manage the energy project. This is also expected to subsidize CA$2.9 billion per year to Canada's GDP.


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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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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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Use the most powerful, easy-to-use platform when trading forex. MetaTrader 4 enables you to track few charts simultaneously, trade directly from the chart, place orders, and manage multiple orders. The software is free and easy to install.

 

* Supports several trade size allocation methods

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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.


 

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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.

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  • 2 weeks later...

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.

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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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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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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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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.

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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.

 

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