Andrea ForexMart Posted December 6, 2016 Author Share Posted December 6, 2016 PM Renzi's Plan for Italy's Reformation Has Failed on Sunday The Prime Minister of Italy, Matteo Renzi had his decision to resign last night after he lose in a constitutional referendum held Sunday, 4th of December 2016. The Italian politician admitted his defeat prior to the issuance of the official results and as expected the exit poll exhibited that Renzi is facing a humiliating defeat. The referendum rise due to the plan of the 41-year-old PM to establish a major economic reform package in order to reconstruct the political system of the country. As he proposed to reform the power of the senate as well to reduce its number present in the lower house of parliament. Furthermore, he wanted to amend the political authority of every state and region in Italy. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 6, 2016 Author Share Posted December 6, 2016 Euro Drops, Bonds Surge as Italy Says No to Constitutional Reforms The EUR plummeted along with Asian stocks while bond prices surged after the Italian government voted “No” on the referendum for constitutional reforms, which sparked concerns that this recent development in the country will induce instability in the Italian economy and boost nationalist organizations. The euro hit its lowest point in almost two years after Italian PM Renzi announced his resignation. UK-based stocks and Asian shares index futures also dropped, while government debt recoiled in Treasuries during Friday’s session. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 6, 2016 Author Share Posted December 6, 2016 The current Money Fall contest has already started on December 5, 2016 and will end on December 9, 2016. You can register for the next competition which will take place from December 12, 2016 to December 16, 2016. Note: Registration for the next competition finishes 1 hour before the contest starts. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 8, 2016 Author Share Posted December 8, 2016 Money Fall Contest Winners for the week of November 14 - 18, 2016 Rank 1 Nickname: bahus17 City: Ровно Rank 2 Nickname: gamerbd14 City: DHAKA Rank 3 Nickname: beta012 City: Maros Rank 4 Nickname: serov12 City: Екатеринбург Rank 5 Nickname: JUP-888 City: Klongsan Rank 6 Nickname: ForexForce254 City: Nairobi Rank 7 Nickname: hubert55u City: Borne Sulinowo Rank 8 Nickname: kencul City: Masai Rank 9 Nickname: Cross Road City: Klaten Rank 10 Nickname: kuzmich1072 City: Barnaul Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 8, 2016 Author Share Posted December 8, 2016 UK’s PMI Edged Higher in November The primary businesses in the service sector of U.K had an upsurge last month and its highest rate was recorded January, while the economy continued to have its current momentum despite of the fear of some companies regarding the future markets as indicated in yesterday’s survey. As the Markit/CIPS PMI handles the data relative to the economic sector as it gained 55.2 points for the month of November versus the 54.5 October data, the recent results had presented better-than-expected outcome of Reuters poll surveyed by economists. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 8, 2016 Author Share Posted December 8, 2016 China Needs to Address Rising Leverage Concerns China has to implement market-oriented reforms at a faster pace to counterbalance the climb in corporate leverage including the unnecessary disturbances in the state sector according to a U.S. Treasury official. The reform is said to include the removal of ‘state guarantees’ and financial sector that disproportionate State-owned Enterprises charged to private sector firms. The country has an estimated total of $18 trillion debt that represents partly of the GDP. They see the relevance of removal of barriers that limits the participation of local and foreign companies in the service sector in line with the shift in focus from a manufacturing-centered country. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 9, 2016 Author Share Posted December 9, 2016 GBP Hits Highest Level in Two Months as Market Hopes UK Government Loses Brexit Case The sterling pound hit a two-month high after the UK Supreme Court recently concluded its second day of arguments with regards to discussing the right to commence the Brexit referendum, or the UK’s imminent separation from the EU. The GBP recorded its sixth day of increase against the USD, its second consecutive monthly gain since November. The UK government has already lost a Supreme Court case, which was about whether the Parliament should be first given the right to do a vote before the actual implementation of Theresa May’s Brexit strategies. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 9, 2016 Author Share Posted December 9, 2016 RBA Interest Rate Decision Remained at 1.5% The central bank of Australia or also known as RBA has announced their final decision during the board meeting held every month. The Reserve Bank of Australia made a resolution to keep their rates unchanged with a record low reaching 1.50 percent. According to a site whose purpose is to compare mortgage rates, finder.com.au have made a survey among 75 experts in the industry and most them expected that rates will still be consistent. Furthermore, they support the RBA’s decision as there is no reason to demand the bank to employ such changes. Many professionals from the industry anticipate that the next move of the Australian financial system will be on the upcoming February 2017. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 19, 2016 Author Share Posted December 19, 2016 The current Money Fall contest has already started on December 19, 2016 and will end on December 23, 2016. You can register for the next competition which will take place from December 26, 2016 to December 30, 2016 (Terminal time). . Note: Registration for the next competition finishes 1 hour before the contest starts. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 21, 2016 Author Share Posted December 21, 2016 Italian Government Solicits €20bn to Support Their Struggling Banks The Italian government waiting for parliamentary approval to borrow as much as 20 billion Euro equivalent to 17 billion pound to backed up weak banking sector especially Monte dei Paschi. This puts pressure to the newly elected Italian Prime Minister Paolo Gentiloni afraid to suffer losses regards to bailout rules of European Union. He indicated that this serves as a preventive measure to protect savings. Also, Pier Carlo Padoan the Italian economy minister said that this would be used to induce liquidity in the banking industry to support troubled banks. They are looking for ways to pay losses incurred by retail investors. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 29, 2016 Author Share Posted December 29, 2016 China’s Economy Remains Stable Until 2017 The Bureau of Statistics released the GDP of China showing 6.7% growth during the previous three quarters of 2016. The world’s second-largest economy established a stable growth which is a sign for the possible completion of the country’s target for the year. The issued data further presented an economic stability under the industrial sector, consumption and investing sector from October to November. While the service industry rose because of an upbeat in agriculture. Chinese officials from the National Development and Reform Commission (NDRC) are confident that the positive trends will continue until 2017. Stephen Roach, an economist told the China Daily that the attainment of the government’s target GDP growth will account for 1.2 percentage points. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 29, 2016 Author Share Posted December 29, 2016 Vietnam Fast Economic Growth Gained More Than 6% in GDP Vietnam’s economy rose by 6.21% this year being the fastest country to grow in the manufacturing sector. Its trade exports remain strong as it grew by 8.6% for this year despite sluggish global that is affecting other countries such as Singapore and China. The Gross Domestic Product climbed 6.68% in the fourth quarter last year while an improvement of 6.56% was seen since September as stated by the General Statistics Office of Hanoi. The forecasted economic growth of the country by the Asian Development Bank is 63 percent for 2017 giving a positive outlook in the next several years and standout from the rest of Asian countries. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted December 29, 2016 Author Share Posted December 29, 2016 US Stocks Trade Near Record High as Oil Prices Surge, Bonds Drop US stocks traded within its record highs in the midst of low market liquidity after oil prices clocked in its longest gain streak within a four-month period. Meanwhile, US treasuries dropped following a weakening in the demand in a two-year notes auction. The rise in oil prices for the seventh straight day is a response to anticipation from majority of market players that the recent production cuts from both non-OPEC and OPEC member nations will be vital in the reduction of a supply surplus. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 5, 2017 Author Share Posted January 5, 2017 The current Money Fall contest has already started on January 2, 2017 and will end on January 6, 2017. You can register for the next competition which will take place from January 9, 2017 to January 13, 2017 Note: Registration for the next competition finishes 1 hour before the contest starts. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 6, 2017 Author Share Posted January 6, 2017 Countermeasures of China to Curb Yuan in 2017 Yuan rallied this year especially the offshore trading and China is creating its contingency plan to curb the capital outflows for 2017. The offshore yuan climbed 0.9 percent to 6.8958 against U.S. dollar which is the highest increment since January 2016. This plan was thought to counter recovering U.S. dollar while country’s capital outflow increases. Moreover, the ongoing threat from changes in U.S. policies regarding exports under Trump’s presidency. China might also sell U.S. Treasuries this year if necessary to secure the currency. This is predicted to expand the supply for foreign exchange within the onshore market and in return would support yuan in the short term. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 12, 2017 Author Share Posted January 12, 2017 The current Money Fall contest has already started on January 9, 2017 and will end on January 13, 2017. You can register for the next competition which will take place from January 16, 2017 to January 20, 2017 Note: Registration for the next competition finishes 1 hour before the contest starts. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 12, 2017 Author Share Posted January 12, 2017 World Economy Could Receive Boost from Tax Cuts, Says World Bank The World Bank has stated that Trump’s proposed tax cuts and other spending policies could possibly help in boosting the global economy in spite of the concerns surrounding his proposed trading policies. The international development lender further added that the incoming administration could possibly endanger the recent gains caused by various economic stimuli once it implements the setting up of certain trading boundaries which could trigger counter-policies from neighboring countries such as Canada and the UK. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 13, 2017 Author Share Posted January 13, 2017 China Exports Dropped in December According to the official data released on Friday, the exports of world’s second biggest economy worsen trader’s expectation in December since the global trade kept its weak stance unchanged, while the imports growth were reduced. Moreover, the exports for the month declined by 6.1 percent on-year in terms of dollar-denominated circumstances. Compared with the previous month of 0.1 percent hike as per report from Reuters on Friday cited in the official stats as well. Last year, imports rose by 3.1 percent versus 6.7 percent increase in November. Whereas, the trade balance on December reached $40.82 billion against $44.61 billion for the past month. However, economist polled by Reuters assessed the exports will lose 3.5 percent, imports will rise 2.4 percent and the monthly trade balance will arrive at $46.50 billion. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 13, 2017 Author Share Posted January 13, 2017 Oil Records Highest 6-Week Gains as KSA Cuts Back on Oil Production Oil prices increased in value and has recorded its largest two-day gains within the six-week mark as Saudi Arabia prepares to cutback on its oil production way more than what was initially required as stated in the OPEC meeting a few weeks ago. Saudi’s Energy Minister has already stated that the country has already minimized its oil output to only less than 10 million barrels per day which is more than what was previously agreed on between OPEC and non-OPEC oil producers as part of efforts to curb down oil production across the globe. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 16, 2017 Author Share Posted January 16, 2017 The current Money Fall contest has already started on January 16, 2017 and will end on January 20, 2017. You can register for the next competition which will take place from January 23, 2017 to January 27, 2017 Note: Registration for the next competition finishes 1 hour before the contest starts. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 17, 2017 Author Share Posted January 17, 2017 Oil Prices Amp Up as the Dollar Weakens Oil prices edged higher as the dollar weaken and the expectations about Organization of the Petroleum Exporting Countries (OPEC) en masse with other producers will reduce its output since it's part of the deal in curbing the worldwide overproduction. According to traders the prices appears to be buoyant due to the sluggish stance of greens which made fuel cost cheaper for countries that utilize foreign currencies The oil further accumulated support from the issued reduction for crude production which includes major producers in Russia. OPEC also mentioned that they would cut down the quantity they produced with 1.2 million barrels each day to 32.5 million bpd starting 1st of January. However, there are assumptions that the Austria-based company will not totally execute the declared cutback whereas the agreement of 50 to 80 percent are adequate to support petroleum purchase. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 17, 2017 Author Share Posted January 17, 2017 Economic Assessment Shows A Moderate Growth of Japan’s Economy The Bank of Japan economic assessment shows a positive outlook in its quarterly report on Monday. Three out of nine regions saying giving a moderate economic recovery while other regions stay the same because of higher private consumption and increase in demand from Emerging Asian countries. On the other hand, retails sales increased in November with the tightening of the labor market as wages rises as well. This the first time after seven quarters passed with BOJ raising its assessment for different regions implying that the country is in its way to recovery at a moderate pace. It is anticipated by the analysts that the central bank will delay its planned stimulus in the next months as the economy moves having an optimistic future for the country. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 18, 2017 Author Share Posted January 18, 2017 Chinese Government’s Countermeasure for Decline in Home Prices Residential property in Guangzhou climbed by 0.7 percent in December according to the report from Bureau of Statistics’ data. It is the only city who opposed the deflation program of residential properties in China. Twenty local and provincial officials have seeked out counter measures to control loans and restrict second-home buyers to lessen the risk of elevated prices that may lead into dire repercussions. When this countermeasure has been implemented home prices from first and second tier cities steadied implying a positive change for the economy. As for the city of Beijing, he pledged that the prices of new homes will be kept unchanged for this year. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 19, 2017 Author Share Posted January 19, 2017 India’s Demonetization Impacts the Economy India presented consecutive growth for less than 7 percent in the past three-quarters during December 2012 and June 2013 based on the statement from an India economist at Soc Generale, Kunal Kumar Kundu. SocGen also mentioned the fiscal growth rate of the country for 2017 is 6.6 percent versus the previous result of 7.3 percent. The bank further expects for a 7.2 percent, lesser than the earlier prediction of 7.7 percent, for the fiscal year 2018 which will end on March 2019. India laid out its demonetization program since November with more than 50 days from now, causing an 86% impact on the currency circulation within the country. The 500 ($7.35) and 1,000 ($14.70) rupees were replaced with 500 and 2,000 rupee notes. The Jakarta-based investment firm reviewed the research from All India Manufacturers' Organization (AIMO), which showed that there are 35% job losses within the small scale and micro industries and suffered 50% decline in the revenue, 34 days after the demonetization program is set forth. However, in March 2017, the figures will likely drop into 60% in employment while 55% reduction in revenue as stated by AIMO, it’s because these sectors are highly dependent on cash transactions. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 19, 2017 Author Share Posted January 19, 2017 Pound Surges, USD Plummets After Trump, May Comments The sterling pound finally increased in value after a long slump after UK PM Theresa May outlined her plans for the hard Brexit process, therefore clearing up some of the Brexit-related confusions and placating investors. Meanwhile, US president-elect Donald Trump has recently commented on the strength of the dollar, saying that the USD’s current value might be “too strong” for the US economy to handle. This has then prompted USD investors to vacate the dollar and move to riskier assets such as stock markets and has caused the dollar to drop in value. Quote Link to comment Share on other sites More sharing options...
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