Andrea ForexMart Posted February 22, 2017 Author Share Posted February 22, 2017 UK Policymakers Clamor for more Transparency in Offshore Territories Policymakers in the UK are pressuring UK PM Theresa May to increase transparency with regards to the business guidelines for offshore territories, including the British Virgin Islands. A total of 80 Parliament members are clamoring for amendments to the Criminal Finances Bill which is slated to be returned to the House of Commons next week. According to these Parliament members, the lack of transparency with regards to the business dealings within offshore territories such as Cayman Islands and Bermuda might be used by criminals as an advantage to hide ill-gotten assets as well as curb tax policies. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 22, 2017 Author Share Posted February 22, 2017 Brazil Eased Inflation Rate Less than 5 percent in February Brazil lowered its inflation rate less than 5 percent halfway February for the first time since 2012. This was done to recuperate the economy after its two-year-long recession. The inflation target of Central bank comes in at 4.5 percent and they are open for further price easing. This would also be a big help for President Michel Temer who is seeking support in Congress. On one side, the consumer prices slowed down quicker than expected which could force the authorities to ease their target for 2019. The reports will be publicized on Wednesday morning (1200 GMT) and at the same time, the central bank is anticipated to curtail its rates by 75 basis points from a two-year low of 12.25 percent. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted February 28, 2017 Author Share Posted February 28, 2017 The current Money Fall contest has already started on February 27, 2017 and will end on March 3, 2017. You can register for the next competition which will take place from March 6, 2017 to March 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 February 28, 2017 Author Share Posted February 28, 2017 Expected Shift in Crude Futures as Much as $2B Will Put an End to Oil Glut In the upcoming week, the passive investment funds are expected to rise to $2 billion from long-term to short-term crude futures, while the energy market surges after OPEC output reduced its supply. This is expected to put an end to global oil glut accumulated over two years of price war. Excessive oil supply in international inventories drove the prices to multiple year lows. The Brent contract LCOK7 price established at $56.31 a barrel on May, while the LCOM7 price settled at $56.55 a barrel in June.On the other hand, the limit for the West Texas Intermediate crude remains the same. The gap between the first month and the subsequent month on Brent contracts LCOc1-LCOc2 has tightened from 79 cents down to 5 cents. However, both June and December contracts LCOM7-Z7 traded closely on Friday. Quote Link to comment Share on other sites More sharing options...
pcsbtc2015 Posted February 28, 2017 Share Posted February 28, 2017 is good rhanks Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 2, 2017 Author Share Posted March 2, 2017 Consumer Confidence of the Eurozone Plummeted The consumer confidence of UK for this month declined while the British currency weakened. The prices rose and wage growth dwindled which influenced the Britain’s economic powerhouse. The monthly household sentiment of GfK had a dipped and stayed below zero for the 10th month. The level for major purchases also decreased which implied that British citizens probably controlled their expenditures. Another assessment by YouGov coupled with the Centre for Economics and Business Research is the job security index which further decline reaching its lowest result three years ago. After the Brexit referendum, the private consumption as well as the services industry have compelled the economy, however, it set out some signs of economic strain. During the EU exit, the inflation increased as the energy cost climb higher together with the 16 percent cut in the sterling pound. Furthermore, the growth of credit had a steep decline in December whilst retail sales inched up at its slowest pace since January 2014. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 2, 2017 Author Share Posted March 2, 2017 Investors Shift Focus from Trump Statement to Fed Movements Investors are now shifting their focus from Donald Trump’s Congress address to the timing of the Federal Reserve’s interest rate hike in spite of Trump’s speech lacking significant details. This has been a cause of relief for Japanese investors, since a shift in the market focus would offer some sort of buffer for the Japanese yen, whose value seems to be consistently weakening during the past trading sessions. The JPY increased its losses for the third consecutive day, while Japanese equities posted rallies during the past session. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 3, 2017 Author Share Posted March 3, 2017 Indian Economy Expected to Climb Over 7.5%, Mukherjee says Indian President Pranab Mukherjee mentioned that the country’s economic growth plays between 0 to 1 percent 50 years before the nation gained its independence. Mukherjee announced today that India is expected beef up higher than 7.5 percent this current fiscal year. The 81-year old President said in his lecture that during the 1950s, growth reached 1-2 percent, 3-4 percent in 60’s while in nineties the economic reforms climb higher by 6 to 7 percent. He further asserted that the Indian economy will boost within 15 years which makes India as the world’s fastest-growing major economy. The indication shown during the third quarter this year assured the possibility of an upsurge. The leader also said that this performance can be obtained from the efforts of laborers and farmers. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 8, 2017 Author Share Posted March 8, 2017 The current Money Fall contest has already started on March 6, 2017 and will end on March 10, 2017. You can register for the next competition which will take place from March 13, 2017 to March 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 March 8, 2017 Author Share Posted March 8, 2017 Philip Hammond to Allocate $676 Million to Boost UK Tech UK Chancellor Philip Hammond has announced that he will be utilizing Wednesday’s budget to offer more than 550 million pounds or over $676 million sourced from the National Productivity Fund in order to improve the country’s technology and innovation sector. The said funds will be directed to developments in robotics, artificial intelligence, and even electric vehicles, according to a statement released by the Treasury. In addition, Hammond also plans to improve 5G mobile network coverages in UK by way of this particular funding. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 8, 2017 Author Share Posted March 8, 2017 $1000 Draw ForexMart clients can now get a chance to win $1,000 by joining ForexMart’s Chance Bonus offer. Simply deposit at least $300 or more in your trading account and you will automatically become qualified for the raffle. Winners of the Chance Bonus offer will be chosen via random electronic draws. The $1000 is automatically credited every Monday to one of the eligible accounts which met the conditions of the raffle during the previous week. The Chance Bonus offer can also be mixed with other types of ForexMart bonuses. Clients can also opt to cancel their Chance Bonus eligibility by sending us a notification e-mail at support@forexmart.com. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 8, 2017 Author Share Posted March 8, 2017 Australia's Interest Rate Remained on Hold Australia kept its interest rates steady on Tuesday, March 7, because the property prices of Sydney continued to increase its risk which exceeded a much-lowered inflation rate. The Governor of Reserve Bank of Australia Philip Lowe concluded together with his board to remain the cash rate at 1.5 percent after a positive growth and optimistic performance in trading for the last three months of 2016. According to the poll led by Bloomberg, the decision were already projected by all 29 economists. Moreover, the housing demand in Sydney remained stable since buyers settled a property in the city which further ratcheted up debt records. The central bank decided to maintain its policy despite an extremely high house prices which partially stirred by the increasing population size coupled with the absence of family dwellings constructions. Furthermore, the country’s economy rose by 1.1 percent in Q4 versus the past three months and the 2.4 percent gained from a year ago. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 9, 2017 Author Share Posted March 9, 2017 Launching of Czech Version of ForexMart ForexMart team have upgraded the website by adding a Czech version using the country’s native language. We are glad to introduce the newest Czech translation on (Date), which could help Czech and Slovakian citizens to easily interpret and find important information about the company’s special offers, partnerships and pool of trading instruments. Clients could simply select the Czech language (or any other required language) by clicking the Czech flag on the language selector found in the upper right of the site. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 9, 2017 Author Share Posted March 9, 2017 Canada’s Economy Lead Over other G7 Countries The Canadian economy is expected to gain 2.4% this year with equal expectations as of the United States and in the lead of other countries included in the Group of 7. The estimates were based from the Organisation for Economic Co-operation and Development (OECD) release. The international organization formerly mentioned about Canada’s possible economic improvement by 2.1 in 2017, which came in better and still appeared to be modest compared with the previous years of recoveries from economic decline. The Paris-based institution hike up its projections for the selected biggest economies in the world which further includes USA and China, however, its evaluation for the world economy kept steady at 3.3% versus 3% in 2016. Furthermore, the report mentioned that the US and Canada would likely outstrip other seven major economies which involve Germany as the next highest among the G7 with 1.8% growth in GDP. For 2018, it is expected that the U.S. economy will earn 2.8% and 2.2% growth for Canada. Moreover, the forecast for the global economic growth is said to be 3.6%. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 15, 2017 Author Share Posted March 15, 2017 The current Money Fall contest has already started on March 13, 2017 and will end on March 17, 2017. You can register for the next competition which will take place from March 20, 2017 to March 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 March 16, 2017 Author Share Posted March 16, 2017 Iceland's Jóhannesson Urges to Cut Interest Rates Benedikt Jóhannesson, minister of finance in Iceland, have affirmed that the nation’s central bank had to slash interest rates another time in order to ease the pressure weighed on Icelandic krona (ISK) together with the removal of capital controls. Jóhannesson also mentioned that he does not have any “influence” regarding this decision as the government have taken these actions to lessen the pressure against the economy, as well as to prevent overheating, to the extent of rising of budget surplus. On one side, the administration hopes that the steps to cool down pressure on krona will be sufficient to realize more foreign investments for the pension funds. The ISK increased by 17 percent versus the European currency on the previous year, it was able to climb higher due to burgeoning record of tourist inflow. On Monday, krona plummeted by 3 percent while bond yields rack up. The recovery of the currency was recorded on Tuesday in the capital city of Reykjavik with an increase of 0.6 percent. The financial and legislative precautions were implemented as no one can say when will the country would experience the crisis again. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 16, 2017 Author Share Posted March 16, 2017 Puerto Rico G.O. Bonds Dropped to its Lowest in 2 Months Puerto Rico’s General obligation (GO) bonds dropped after the financial recovery plan has been approved which is comprised less than a quarter of total unpaid debts. The revised proposal was granted by Governor Ricardo Rossello on Monday aiming to cut the chronic budget deficits. Securities due 18 years from now which is the most traded has declined by 5 percent with an average of 67.5 cents on Tuesday, its lowest price in two months while those bonds due after 22 years fell to 60.2 cents from 63.8 cents on Monday. This plan will mark as the benchmark as they talk through on minimizing its debts. Although the outcome is negative, the authorities are still sanguine with the end result. The governor commented that the as of now, the country has chances to deal with various bondholders at different levels and they are still in the process of evaluating the best most suited solutions in consideration of bondholders and the people of Puerto Rico. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 16, 2017 Author Share Posted March 16, 2017 Peruvian Economy Beef Up Reaching 4.81% Growth In January 2017, the economy of Peru rose up to 4.81% which indicates the progressive the country’s growth for 90 months. The surge was supported by the excellent performance from the primary sectors, particularly fisheries and mining based from the National Institute of Statistics and Informatics (INEI) report released on Wednesday. Head of INEI, Anibal Sanchez have said that the GDP of Peru gained 4% for the past 12 months from the months of February 2016 until January 2017. During the first month of the year, the hydrocarbons and mining industry grew by 14.75%, at the same time the fishing activity boosted by 42.17%. The economic development exceeded analysts estimates of 4.5% based on the Reuters poll. The upbeat figures were underpinned by the growth in foreign demand which proves 8.09% increased for total exports. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 17, 2017 Author Share Posted March 17, 2017 Canada’s Morneau to promote Canadian Economy in US Canadian Federal Finance Minister, Bill Morneau is preparing for disclosing the details regarding his second budget scheduled next Wednesday, March 22nd. The budget is tabled in the House of Commons by which senators and members of the parliaments from Canada are expected to attend the 3-day meeting in the US. The meeting will also be attended by more than 70 lawmakers from the United States with the purpose of boosting economic interest of Canada. According to Wayne Easter, a member of the Liberal party and head of Canada-United States Interparliamentary group said that the trip is intended for discussing the plan for the two economies and not primarily for the budget date. The 67-year old Easter also stated that they were able to make some progress, however, there are other relevant issues that deal with challenges. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 20, 2017 Author Share Posted March 20, 2017 Germany and Japan Promotes Free Trade Deal German Chancellor Angela Merkel and Japan’s Prime Minister Shinzo Abe discussed free trade between countries on Sunday’s major technology fair. Both representatives would like to aim for a faster pace regarding this matter and wanted to have an agreement in this year while G20 finance ministers and central banks commented an open trade during their two-day conference in Germany. The issue of Protectionism was avoided by both leaders in the beginning of the CeBIT technology fair, implying that people are currently more open with regards to free trade and open borders with giving importance to democratic values. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 21, 2017 Author Share Posted March 21, 2017 The current Money Fall contest has already started on March 20, 2017 and will end on March 24, 2017. You can register for the next competition which will take place from March 27, 2017 to March 31, 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 March 21, 2017 Author Share Posted March 21, 2017 Denmark Repayment of Debt After 183 Years The Scandinavian country, Denmark is scheduled to pay off its latest foreign currency loans with an amount of $1.5bn at the present moment. Freeing the nation from any debt obligations regarding FX which will happen for the first time in 183 years. Based on the records of the Danish central bank, the government almost paid the loan back in the year 1894, that was the time when the total of FX debt was lower than 1 percent of the GDP. Denmark had its first foreign debt during 1757 with a half a million worth of rigsdaler issued by Netherlands and Germany. Moreover, the external debt owed by the country expanded in order to finance 19th-century wars. Despite the repayment, the sovereign state is not fully clear from debt, except for all krone-denominated concerns. The debt-to-GDP ratio of the state as a whole is considered one of the least among the list of major economies in the European region, accumulated 38 percent and projected to drop about 36 percent for next year announced by the European Commission. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 24, 2017 Author Share Posted March 24, 2017 South Korea’s Economic Expansion Remained Slow Amid Recovery in the Global Market In spite of signs of improvement in the global economy, Yongmaan Park, Korea Chamber of Commerce & Industry (KCCI), affirmed that South Korea still lack momentum for the early recovery. The KCCI chairman announced this in a National Assembly with the four of the main South Korean political parties held in Seoul. It became evident that the country is continuously suffering from a growth failure with the Bank of Korea based on the forecast of economic development at 2.5 percent for the current year, including an increase in jobless rate, high household debts and the penalties imposed by China with regards to missile row. Moreover, Park also mentioned that they are currently sustaining a growth rate with a range of two percent. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 24, 2017 Author Share Posted March 24, 2017 Slew of Scandal Involvements Prompts Samsung to Apologize to its Investors Tech giant Samsung Electronics Co. issued an apology last Friday following the firm’s involvement in several national scandals that eventually led to the impeachment and eventual ouster of former South Korean president Park Geun-hye as well as the infamous recall of the company’s flagship smartphone, the Samsung Galaxy Note 7. In addition to the said apology, Samsung has also promised to improve its internal governance amid pressure from its investors. Samsung Vice Chairman Kwon Oh-hyun delivered the said apology during its annual shareholders’ meeting. Samsung heir Jay Lee was not present at the said meeting as he is currently facing several bribery and embezzlement charges. Quote Link to comment Share on other sites More sharing options...
Andrea ForexMart Posted March 24, 2017 Author Share Posted March 24, 2017 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! Quote Link to comment Share on other sites More sharing options...
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