Andrea ForexMart Posted January 20, 2017 Author Share Posted January 20, 2017 Positive Year for NZ’s Manufacturing Sector The assessment for the Business PMI of New Zealand remained unchanged in January which is 54.5. An index of more than 50 would denote a business expansion while a figure below 50 indicates a contracting economy. The PMI provided an advanced outlook pertaining to the economic activities of NZ manufacturing sector. The positive PMI of the country is caused by the increase in construction, specifically in Auckland which is the region’s major financial centre. The architectural volume is predicted to surge in the near-term since the increase in population coupled with high demand continuously support the sector’s actions. The total production cost of NZ’s gross domestic product (GDP) is close to 12%. This industry positively contributed to the economic growth of Q3 including business services, construction, household consumption and transport. The economy beef up by 1.1% from the month of July until September, based on the report of Wellington’s statistics bureau the previous month. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 23, 2017 Author Share Posted January 23, 2017 The current Money Fall contest has already started on January 23, 2017 and will end on January 27, 2017. You can register for the next competition which will take place from January 30, 2017 to February 3, 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 25, 2017 Author Share Posted January 25, 2017 Investors Cautious on Turkey’s Lira as Central Bank Meeting Nears Lira depreciated on Monday as investors became heedful as their currency weakens before the central bank meeting. The country has been greatly affected by the attempted coup and concerns of the Central Bank of Republic of Turkey credibility. Lira declined by 8 percent this year from double-digit decline since 2015. It closed at 3.7640 against U.S. dollar on Friday and got lower at 3.7682 on Monday despite the strengthening of Turkish currency. Most of the analysts have forecasted for the CBRT to retain its current interest rates or less rate hike even below expectation during the MPC meeting. For now, the central bank relies on liquidity as indicators to help lift the currency value. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 25, 2017 Author Share Posted January 25, 2017 Bundesbank Posts Two Percent Inflation Rate for Germany Based on the report of Deutsche Bundesbank, inflation is predicted to surge for this month. Earlier in December, the consumer price index rose together with the high energy cost which began 5 years ago. The German inflation marks two percent according to the report of Bundesbank published on Monday. The recent steep increase in the average prices of the oil products caused for the inflation to escalate to two percent for January. However, the European Central Bank targets with an inflation rate below 2% because it is the most suitable percentage in order for the euro economy to further develop. On the previous month, the price level of consumer expenditure grew by 1.7% after three and a half years which resulted for high-priced petroleum products. This also made oil companies including the OPEC to imply for production cuts in order to improve the price of the basic material for oil. On the other hand, analysts predicted for 1.8% inflation in 2021. The German economy continued to improved according to Bundesbank as the country’s industry remained “favorable”. The 2016 GDP expanded to 1.9% after five years and for this year, the bank expects for the same result. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 27, 2017 Author Share Posted January 27, 2017 Brazil’s Central Bank Modification of Reserve Requirements The Central Bank of Brazil plans to revise its reserve mandatory policies aiming to raise the volume of money flow in the economy. In due course, this could lessen the cost of credit for consumers and generate excess resources in the bank and improve the regulation of the monetary policy. Last month, the Mexican Central bank Governor Ilan Goldfajn publicized their goal to cut its medium-term to long-term credit costs for both companies and consumers to boost the economy facing recession. The banks intends to integrate the demand policies for savings and time deposits involving the differences between borrowing rates of banks in loans and funds. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 27, 2017 Author Share Posted January 27, 2017 Bank of Japan Done Adding Stimuli Under Kuroda—Economists Economists are stating that Bank of Japan is already done with adding economic stimulus to the Japanese economy under the term of BoJ Governor Haruhiko Kuroda. In addition, economists are also stating that there is a small chance of any adjustments made during the central bank’s policy meeting which is set to end this coming January 31. This is partly due to economic situations overseas becoming more complicated by the minute, especially with the newly-minted Trump administration as well as the hard Brexit process from the UK. The stirring of economic issues abroad has prompted the Bank of Japan to maintain its current policies and wait for these to unravel before finally making a move. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 27, 2017 Author Share Posted January 27, 2017 Slow Economic Growth for South Korea in Fourth Quarter The Bank of Korea confirmed on Wednesday the economic growth of the sovereign state fell back during the fourth quarter of the previous year. Further sharp decline took place in the construction spending and personal consumption expenditure as the political upheaval intensifies. The period got affected by the illegal involvement of President Park Geun-hye regarding the corruption scandal. Park got impeached by parliament of South Korea, pronouncing their judgment in a court proceeding. This political instability triggered fears for the probable “policy paralysis” and caused for the Consumer Confidence Index to slump for the third time up to this month. The growth is approximately 0.4 percent based on Seasonally Adjusted Annual Rate (SAAR), quite from the 0.6 percent result in September and 0.8 percent surge for the month of June.While the construction investment grew less with a seasonally adjusted 1.7 percent from October to December. On the other hand, the private consumption gained 0.2 percent only and remained lesser by 0.5 percent during the September quarter. Moreover, the annual GDP rate increased by 2.3 percent in the last quarter but comparatively lower from 2.6 percent hike in third quarter. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 27, 2017 Author Share Posted January 27, 2017 Singapore Manufacturing Data Rallied on Strong Exports Demand The industrial production of Singapore rose at the quickest rate over five years in December driven by strong demand for electronics export reported by the Electronic Development Board. The Manufacturing data rose 21.3 percent in December 2016 while the output climbed to 6.4%. Even though the country encountered an increase in jobless rate reaching a six-year high in the past quarter, the results exceeded the forecast for two consecutive months from November. Growth in the export-reliant city-state is starting to gain momentum when the country tried to prevent the recession last year since the economy recovered after the decline in the third quarter. The preliminary data of the Gross Domestic Product also rose at the fastest rate over three years in the fourth quarter. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 27, 2017 Author Share Posted January 27, 2017 Trump Signed Exec Order for Controversial Pipelines Environmentalists have predicted about the much-protected issue but only few of them presumed it would instantly take place. As US President Donald Trump signed an executive order giving a go-ahead signal for the completion of the controversial Keystone XL and Dakota Access pipeline. Based on reports, these infrastructure programs allow an easier shipping of fossil fuels towards North America. This re-authorization order is included in the promise of Trump during his campaign which is about the lessening of internal procedures in blocking the pipelines.Moreover, the 70-year old politician was lambasted by climate activists together with Native Americans after he approved the memorandum for the pipeline projects. The pipeline revival is the initial opposing move of current American leader against ex-President Obama’s environmental policies. As Obama’s presidency did not pursue this plan due to some environmental-related concerns. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 30, 2017 Author Share Posted January 30, 2017 The current contest has already started on January 30, 2017 and will end on February 3, 2017. You can register for the next competition which will take place from February 6, 2017 to February 10, 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 30, 2017 Author Share Posted January 30, 2017 Winners for the week of January 9 to January 13, 2017 Click here: https://www.forexmart.com/forex-contests/money-fall/winners Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 30, 2017 Author Share Posted January 30, 2017 USD Drops, Asia Stocks Slump after Trump’s Immigration Ban Causes Unrest The US dollar inched lower and asian stocks declined after the market suffered repercussions brought about by President Trump’s various implementing policies, including an immigration which has sparked outrage from a number of the world’s most influential leaders as well as some tech giants. Meanwhile, bonds rose in value along with gold prices. The US dollar traded within its lowest levels in over two months and has weakened significantly against all other major currencies. Oil prices also decreased in value for the second consecutive day this week. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted January 31, 2017 Author Share Posted January 31, 2017 Positive Outlook on Japan’s Economic Growth Forecast Caused BOJ to Maintain its Policy The Bank of Japan adjusted higher its economic forecast on Tuesday. However, the monetary policy remained the same which is already anticipated. The GDP forecast for the year increased by 14% from 1.0% in October for this fiscal year. Its economic forecast was raised by 1.5% from 1.3% for this year and 1.1 percent from 0.9% in the following fiscal year. Alongside, the inflation of 2% is anticipated to increase as well for the fiscal year in 2018 since the medium to long-term inflation expectations has a positive outlook and halts is recent decline. The Labor market is also doing well with rates tightening and the downtrend of the commodity prices is pushed higher by the increase in demand for International commodity prices. The currency yield-curve policy control approved on later September meeting of the central bank is expected to maintain its current stand despite the uncertainty brought by the new U.S. administration as one of their top trading trading partner. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 6, 2017 Author Share Posted February 6, 2017 The current Money Fall contest has already started on February 6, 2017 and will end on February 10, 2017. You can register for the next competition which will take place from February 13, 2017 to February 17, 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 February 7, 2017 Author Share Posted February 7, 2017 USD Falls for Sixth Consecutive Week as NFP Data Disappoints The US dollar fell for the sixth consecutive week and has recorded its lowest drop since July 2016 after the NFP report disappointed a lot of market players as the supposed effects of a highly positive hiring data was offset by the lack of wage-induced pressures. This was also further propelled by various uncertainties surrounding Trump’s policies regarding the USD, as well as his newly-imposed sanctions on Iran. The results of the NFP report were also not enough to compensate for the uncertainties brought about by the Fed’s refusal to give out hints on its next steps regarding the impending interest rate hike. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 7, 2017 Author Share Posted February 7, 2017 Worst-Performing Economy in the Eurozone - Italy According to an analysis conducted in the euro zone, the economy of Italy has the worst condition among European Union countries after 18 years while the leading country is Germany. The besieged Italian republic was witnessed to be the only nation within the region to have an economic decline equal to its population size during the year, 1998. The state’s Gross Domestic Product is down to 0.4 percent within that period which performed worse than Greece as stated in the EU data from Bloomberg. Moreover, the current GDP of Italy grew by 6.2 percent, however, the number of all individuals is greater by 6.6 percent. According to a Milan-based economist from UniCredit Bank AG, Loredana Federico, said in an interview that the country’s economy had a slow growth versus other nations. She also mentioned that it will tough for Italy to close the gap compared with other economic systems. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 8, 2017 Author Share Posted February 8, 2017 Asian Stocks Drop After JPY Haven Demand Surge Asian equities experienced a decline following a JPY rally after the demand for the safe haven currency increased following various concerns surrounding political events worldwide. The Japanese Topix index decreased after a three-day high as the JPY recorded its highest value since November 2016 last Monday. This recent rally in equities caused by Trump’s policies have started to weaken as most investors are now worried with how the Trump administration plans to balance out its proposed tax cuts and added spending with its protectionist stance on international trade. Adding to risk are some EU countries where anti-establishment organizations are now gaining fuel prior to their respective national elections. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 8, 2017 Author Share Posted February 8, 2017 Indonesia Economy Rose to 5.02% The Gross Domestic Product of Indonesia beefed up by 5.02 percent in 2016 versus 4.88 percent in 2015 based on the report of Central Statistics Agency (BPS) released on Monday. However, the Austronesian nation declined during the Q4 with a year-over-year decrease in GDP by 4.94 percent with the previous 5.02 percent in Q3. The chief of BPS, Suhariyanto mentioned the government expenditure also dropped to 4.05 percent during the fourth quarter of 2016 followed by a budget curtailment which causes for a slower annual percentage compared with the same quarter in 2015 with an increase of 7.12 percent. The adjusted public spending regarded as being caused by austerity measures led by the administration of Joko “Jokowi” Widodo with an estimated Rp 137 trillion (US$10.27 billion) trimmed budget. Furthermore, the figures for imports and exports grew slower with 1.74 percent only while 2.27 percent in 2016 accordingly. Investments mounted to 4.48 percent in the previous year. The household consumption of Indonesia is considered the largest factor for the country’s GDP reaching 56 percent within the total percentage, the increase is approximately 5.01 percent. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 8, 2017 Author Share Posted February 8, 2017 Positive Reports Indicating Italy's Economic Recovery Italy’s economy is performing well as it grew for the past three months signaling a stabilizing growth pace of the economy as statistics shown. Despite the uncertainty in the first half last year, the country was able to recover supported by the monthly report short-term economic forecasts by the national statistics agency ISTAT. Results were further supported by the improving manufacturing sector, household purchasing power and higher investment. However, the consumer confidence index declines due to the current weak economic condition. On a brighter side, the business confidence has significantly advanced. This was greatly influenced by the manufacturing sector increased by 0.7% In November. Other sectors such as the foreign trade and and Household Consumption climbed by 2.2% and 0.3% respectively in the third quarter last year. This remarkable results coincides with the expectations of the government and optimistic that this will lessen the fiscal adjustment needed from the European Union. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 17, 2017 Author Share Posted February 17, 2017 The current contest has already started on February 13, 2017 and will end on February 17, 2017. You can register for the next competition which will take place from February 20, 2017 to February 24, 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 February 17, 2017 Author Share Posted February 17, 2017 Finance Minister Counters the Accusation Against ECB The European Central has been accused of altering the Euro exchange rate and this is being negated by the French Finance Minister Michel Sapin. They are believed to have a goal in completing trading and attain the competitive policy goals by a significant U.S. authority saying that Germany gains an advantage over grossly undervalued Euro for personal gains. Europe should still work harder to achieve former status prior to global financial crisis according to Sapin. Germany has to be more committed to restore into a better condition regarding its investments. At the same time, they are hopeful that the new president of the United States will recognize the significance of the European Union relationship with the United States. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 17, 2017 Author Share Posted February 17, 2017 Inflation in China Open Possibilities for Tighter Policies Producer price inflation in China has reached figures higher than expected bringing the price close to six-year highs as price of steel and other raw materials surged while Consumer inflation climbed to a three-year high as fuel and food prices rallied on data released on Tuesday. Both prices producer and consumer are expected to reach 6.3 percent and 2.4 percent, respectively for this year. Some analysts see this price inflation as a short-term rally with rally in the possibility for food prices to be seasonal. Moreover, the increase in price pressure in China has induced speculations of tighter monetary policy this year to boost economic growth and mainly because of credit risks concerns including leverage in the market. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 20, 2017 Author Share Posted February 20, 2017 The current Money Fall contest has already started on February 20, 2017 and will end on February 24, 2017. You can register for the next competition which will take place from February 27, 2017 to March 3, 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 February 21, 2017 Author Share Posted February 21, 2017 Thai Economy Records Slowest Annual Growth as Consumption Wanes Thailand’s economy recorded its slowest growth rate in over a year during the previous quarter as the country’s private consumption waned. Thailand’s GDP data showed an expansion by 3% during the past quarter, its slowest annual recorded move. Thailand’s economy surged by 3.2% in 2016 as compared to 2.5% two years ago. This slow GDP growth was mainly attributed to the death of the Thai king followed by a major crackdown on illegitimate Chinese tourists, which also caused the country’s private consumption to drop. However, the Thai baht was among the best-performing currencies in Asia after it grew by over 2% against the USD. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 22, 2017 Author Share Posted February 22, 2017 Greece Fears Economic Collapse amid Debt Crisis Greek people have withdrawn money from their accounts which exceed to £2billion as they fear the news regarding economic crash which will take place within 45 days. The Hellenic republic was alarmed about the possible scarcity of money in a period of five months because the country is affronted with repayments with an estimate of more than £5.1bn (€6bn), thus the country is unable to pay the total amount without any aid or restructuring. Greece citizens were forbidden to take more than £1,540 (€1,800) every month from their accounts, however, the currency had continuously depleted at a very fast rate. There are speculations that the Government will fail to pay for the next settlement due in July. Individuals which involves tourists were strained to wait in line in order to obtain cash from their respective banking machines. Quote Link to comment Share on other sites More sharing options...
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