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[Andrea ForexMart]

Nigeria and Norway Seek Opportunities to Non-oil Sector investments

 

Stakeholders from Nigeria and Norway looked for opportunities outside to increase direct foreign investments from the non-oil sector to uplift its economy and improve bilateral ties. The Nigerian Export Promotion Council (NEPC) assumed possible earnings as much as $18 billion by 2019 if properly executed.

 

The Nigerian-Norwegian Chamber of Commerce (NNCC) was established to promote trade and investment to lessen the barrier and limit transaction risks between countries.

 

Norway has an advanced industrial sector while Nigeria presents opportunities with high capital, agricultural sector, infrastructure, vast mineral resources and value added manufacturing. They complement each other moving towards the same goal of economic diversification from the conventional growth driver which is the energy sector.

[Andrea ForexMart]

POBA Acquires Brederode Worth W130b

 

Public Officials Benefit Association (POBA), a local authority that manages the retirement funds of functionaries, were considered to be the bidder for Belgium-based venture company, Brederode worth 130 billion won (US$117 million), as mentioned by some sources on Tuesday.

 

POBA is said to acquire 100 percent stake of the company from an unnamed real estate investment trust (REIT) for 74 billion won (US$66 million). While the other  56 billion won (US$50 million) will be used to finance a loan from a local financial organization.

 

The association expects to obtain a 5% annual return derived from the transaction after six years.

 

The office complex is made up of three 6-floor buildings comprises of  22,300 square meters. The establishment can be found at Brussel’s commercial centre city, near the Central Station and Belgian Royal Palace.

 

The building has been permeated by six corporation which involves the global law firm,

 

Linklaters LLP with more than 13 years of contract under Brederode.

 

According to an unknown official from the Seoul-based organization, the company takes its focus on the real estate market in the European mainland on the back of Brexit triggered in the previous year.

[Andrea ForexMart]

The current Money Fall contest has already started on April 3, 2017 and will end on April 7, 2017.

 

You can register for the next competition which will take place from April 10, 2017 to April 14, 2017.

 

Note:

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

[Andrea ForexMart]

Turkey Inflation Rates Reached Double Digit After 5 years

 

The price for the Annual consumer price increased as high as 11.29 percent in the month of March as the country faced with economic problems as Lira dropped down and the surge in oil market which is the worst condition since 2008. This caused the inflation rates to reach double digits for the first time in five years.

 

The policymakers are being pressured as they try to stabilize the weakened currency and at the same time sustain the growth by the start of the year. Currently, the central bank targets inflation rates from 3 to 7 percent but the March result was not as expected with the 10.7 percent reading.

 

Although, the Lira has been secured in the past few months because of tightening in its monetary policy. The economic growth also has shown signs of recovery in its recent fourth quarterly GDP as it rose by 3.5 percent after a drop of 1.8 percent in the past quarter which has been the worst decreased since the financial crisis.

[Andrea ForexMart]

Australian House Values Surged by 1.4 percent in March

 

The housing prices in the main cities in Australia accelerated in March with the fastest growth in annual basis nearly in seven years.

 

According to a CoreLogic, California-based property consultant, the house price index from the major towns rose to 1.4 percent in the previous month versus the gain of the other month.

 

Moreover, the annual growth rate of prices ascended to 12.9 percent from its previous figures of 11.7 percent. The result beat the past highest point in 2015 as well as the fastest pace recorded in May 2010.

 

This event triggered concerns of Reserve Bank of Australia (RBA) based on speculations that it was fueled by debt which could affect banks and consumers eventually.

 

The central bank implemented more constricted guidelines on investments and interest-only mortgages as a means to ease the market. The RBA further increased interest rates and blamed regulatory costs.

[Andrea ForexMart]

Student Debt Burden Weighs Down US Rates—Dudley

 

Fed New York President William Dudley stated that US interest rates are being weighed down by the increasing burden of student loans, and that policymakers should seriously consider implementing free tuition fee rates for college students. In addition, Dudley and several of his colleagues are saying that the US economy has already lost its potential to grow as fast as before the financial crisis in 2008 due to a number of factors, such as a steadily-aging population, diminished spending powers by households, and very dismal productivity growth.

[Andrea ForexMart]

Europe’s Banking Lobby Raises Concerns in Financial Stability Over Brexit

 

If Brexit negotiations did not end well could affect the wholesale banking and financial stability according to the banking lobby in Europe. The Association for Financial Markets in Europe (AFME) emphasized concerns faced in Brexit including access to the bloc but at the same time aiming to maintain being part of the single market.

 

On the other hand, the European Securities and Markets Authority (ESMA) is said to be important in resolving the issue of maintaining the “equivalence” operation between E.U. and

non-E.U. firms, according to the AFME.

 

In the part of E.U., they also need to manage policies in the financial markets, gain the trust of financial firms from London while mediating the negotiation with Britain and curbing undiversifiable risk inherent to the process. It makes the whole system complicated and harder to manage systematically.

[Andrea ForexMart]

German Advisers Argued ECB Cashless Society

 

The economic experts of Germany have given their advice regarding the zero-interest rate policy of European Central Bank (ECB) and the possible serious risks it might bring to the country’s financial sector.

 

Wolfgang Schaeuble, Finance Minister of Germany, have recommended about the limitation of cash transactions about 5,000 euros as a means to fight against illegally-gained money together with the terrorist financing. However, the plan was opposed over by the German nation.

 

According to reports, there are banks and insurance corporations that ran into financial difficulties, particularly in generating profits and filling in their expenses because of the extremely low-interest rates.

 

Mario Draghi, President of ECB, mentioned the substantiality of cash as the medium of paying out upon the introduction of the new €50 banknote. The 69-year old Italian economist further stated that the three-quarters of payments in the European region were done by cash, hence its essentiality remains in the economy.

[Andrea ForexMart]

Indian Economy to Accelerate by 7.4%, says ADB

 

The Indian economy is projected to increase by  7.4% amid the fiscal year 2017-2018 versus its previous growth of 7.1%. The boost occurred due to lift in public investment and demand in consumption goods based on the statement of Asian Development Bank (ADB) on Thursday.

 

According to the latest 2017 report of  Asian Development Outlook (ADO), 2016-17 GDP data failed to obtain the demonetization effects and the decline influenced the continuous slide of investments.

 

Moreover, ADO anticipates for the consumption to climb higher since there are additional bank notes set in the circulation following the shock withdrawal on highest-valued currencies happened on the 8th of November. The plan for an increase in salary and state employees pension were already implemented.

 

The ADB further expected the acceleration to 5.2% in the current year till 2018 while 5.4% in the coming 2018-19 considering the economic recovery along with the rebound of commodity prices.

[Andrea ForexMart]

The current Money Fall contest has already started on April 10, 2017 and will end on April 14, 2017.

 

You can register for the next competition which will take place from April 17, 2017 to April 21, 2017.

 

Note:

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

[Andrea ForexMart]

U.K. Consumer Spending Sluggish Rate Amid Brexit

 

The U.K. consumer spending rose but in a sluggish manner that is considered to be the slowest in more than three years in March 2017. With the Brexit preparations began its process, the economy has lost its impetus.

 

The data in March alone dropped to 0.7 percent lower than the prior month after reaching a flat status in February. Another data from Visa also indicates that the consumer spending tumbled after raising its levels in late 2016 as the household purchasing power becoming tight with rising prices. The consumer prices are predicted to ascend by 2.3 percent annual rate similar to February’s rate according to Reuters survey of economists.On the other hand, the National Statistics Office released their inflation data for the previous month on Tuesday.

[Andrea ForexMart]

Bank of Canada to Maintain 0.5 Percent Benchmark Rate

 

The Canadian central bank will release on Wednesday the economic outlook of the country, however, the decision to kept the interest rate unchanged at 0.5 percent remain indecisive.

 

According to a combined forecast of 22 experts surveyed by Bloomberg News, they expect the Bank of Canada (BoC) would maintain its 0.5 percentage rate.

 

The latest adjustment made by the BoC was during mid-2015 with a 0.25 percentage point spearheaded by the decline in commodity costs.

 

The focus turned to the up-to-date report of Monetary Policy which is published quarterly which provide a breakdown of the predicted economic performance of Canada. While figures suggest a stable condition for the region considering the favorable January Gross Domestic Product which is the most recent monthly GDP available. The stat showed that there is a possible four percent growth within this year.

 

The semi-annual assessment further projected that the country will rose by 2.1 percent amid 2017-18.

 

Economists had guesstimate whether the financial institution will reach that point. Alongside the strong GDP, the employment growth has seen to strive gathering some steam.

[Andrea ForexMart]

To Our Beloved Clients,

 

ForexMart now have IB official in Malaysia. He can help to make a transfer / deposit / local production for all customers from Malaysia. Please contact deposit-malaysia@forexmart.com for more information.

 

All the best,

 

ForexMart Team

[Andrea ForexMart]

Dear Client,

 

We are very glad to introduce to you a new account type in ForexMart.

 

Micro account is now available in ForexMart where you can trade with a minimum order volume of 0.01 cent lot. This allows you to trade with minimal trade volume possible. Despite low order volume, you can maximize your trading and avail our maximum leverage as high as 1:5000 similar to other trading accounts. You also have full access to all trading instruments with tight fixed spreads.

 

You can visit our website and register anytime. Should you have any questions, feel free to contact our customer support.

 

We wish you a successful trading!

 

ForexMart is an investment company regulated across the EU region. We offer the highest quality of service to our clients including a 30% trading bonus for every deposit. Register with us and get your bonus today.

 

All the best,

ForexMart Team

[Andrea ForexMart]

The current Money Fall contest has already started on April 17, 2017 and will end on April 21, 2017.

 

You can register for the next competition which will take place from April 24, 2017 to April 28, 2017

 

Note:

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

[Andrea ForexMart]

New Zealand Inflation Came in Strong in the First Quarter

 

The inflation rate of New Zealand soared unexpectedly as much as 2.2 percent in the first quarter which is the top-level over five years. Yet, the central is still committed keeping the interest rates low. Hence, the consumer price index (CPI) hovered in the middle range of the Reserve Bank of New Zealand's (RBNZ) within the 1 to 3 percent target range which they have attempted to lift higher for more than a year. The CPI ascended to 1 percent in the first quarter exceeding the expected 0.8 percent which also transposes the annual growth of 2 percent by analysts.

 

This hike in inflation was influenced by short-term gains because of high oil and food prices, a tax hike on alcohol and tobacco and the increasing costs of housing construction. The inflation is ascending although at a sluggish pace which keeps the RBNZ heedful according to the senior economist of the Australia and New Zealand (ANZ) bank.

[Andrea ForexMart]

March and June Fed Rate Hikes Possible, According to Economists

 

Several economists are speculating that the US Federal Reserve could possibly be in for two more rate hikes this coming March and June, with the central bank possibly increasing its short-term rates within the week and another rate increase during the Fed’s meeting this coming June. Fed officials have maintained their current rates after they increased their federal funds rate last December 2016. The central bank had already penciled in a total of three possible hikes for this year but refused to indicate the exact date of the implementation of these said rate hikes.

[Andrea ForexMart]

The current Money Fall contest has already started on April 24, 2017 and will end on April 28, 2017.

 

You can register for the next competition which will take place from May 1, 2017 to May 5, 2017

 

Note:

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

[Andrea ForexMart]

China’s Bullish GDP Growth Stabilizes Yuan

 

The first quarter data of China has come out after a solid positive gain causing a slowdown in capital outflows to stabilize the currency following a selloff last year. They are optimistic to attain the 6.5 percent GDP growth for this year as mentioned by the Finance minister Xiao Jie. This is a good signal indicating the strengthening of yuan and capital flows are gaining back by the country.

 

The interest rates are moving in an upward direction despite tighter policies to curb the fast growth of credit hampering the economic progress. Yet, economic growth advanced faster-than-expected 6.9 percent in the first quarter, weakening capital outflows and more stable cross-border flows have strengthened yuan substantially. This has then eased the pressure regards to Foreign exchange reserves as it retreated with the surge of the greenback.

 

However, further tightening cannot be ruled out as it may change again abruptly especially when the currency come again under pressure with the global appreciation of the U.S. dollar.

[Andrea ForexMart]

Asian Stocks Abated Due to High Risks

 

The appeal of Asian stocks to investors has subsided because of political and economic risks that overshadowed continuous returns over the past 26 years. Asian business has been good in the second half last year up to early this year and is the impetus is slowing down soon.

 

This put the Asian equities for a sell-off as investors have become cautious compared a few months ago. Moreover, political elections in Europe and profit taking in the U.S. bring in corrections that are not good. Another concern is the decline in cyclical upswings in China and the United States which has a big effect on global trading including equities of Emerging market.

 

Nevertheless, investors do not totally leave despite the high costs of stocks compare to other emerging markets but are still lesser cost than developed markets. The analysts forecasted earnings to rise by 17% this year.

[Andrea ForexMart]

March New Home Sales Surge by 5.8%

 

The new home sales data reading for March saw a drastic increase, clocking in at a 5.8% surge, an indication that the demand for new homes are now gaining momentum as the peak selling season commences. The March reading for new home sales data is the highest level since July 2016, wherein home sales data peaked its highest within a 9-year period. Economists are now anticipating that new home sales could possibly continue climbing up within the year as more buyers are now returning to the marketplace for starter homes.

[Andrea ForexMart]

NAFTA Dangers Sends MXN Plunging

 

The Mexican Peso (MXN) is now about to record its lowest drop within a five-month period following reports that the Trump administration is planning to pull itself out from the NAFTA agreement. There are now reports that the White House is currently drafting an EO which will enable the said withdrawal and could be released either within the week or next week. This caused the Mexican Peso to crash by 2% against the USD, the currency’s largest daily drop since its previous drop against the CAD last November. A weak MXN could spell bad news for the US economy, since this will mean that Mexican exports will be more affordable as compared to US exports.

[Andrea ForexMart]

The current contest has already started on May 1, 2017 and will end on May 5, 2017.

 

You can register for the next competition which will take place from May 8, 2017 to May 12, 2017.

 

Note:

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

[Andrea ForexMart]

Winners for the week of April 10 - April 14, 2017:

 

Rank 1:

Rurik14

Acct. No.:

1024331

City:

Naberezhnye Chelny

 

==========

 

Rank 2:

NM20

Acct. No.:

1024390

City:

Grimancelos

 

==========

 

Rank 3:

oleg001

Acct. No.:

1024181

City:

Kazan

 

==========

 

Rank 4:

Alex70109

Acct. No.:

1024288

City:

Borovaya Kharkovskoy oblasti

 

==========

 

Rank 5:

Sergey10766209

Acct. No.:

1024319

City:

Volosovo

[Andrea ForexMart]

Greetings!

 

ForexMart would like to invite you to take part in the ShowFx World Expo at the Congress and Exhibition Complex, “The Park” in Kiev, Ukraine on May 20-21, 2017.

 

Participants to the conference will get the chance to learn personal finance management from some of the world’s top financial experts, take part in workshops and seminars, which covers several aspects of trading from leading trading professionals. Guests will also be able to join raffles and win giveaways from event organizers.

 

In addition, ForexMart representatives will also be more than happy to inform attending clients to the ShowFx World Expo with regards to the latest developments within our company.

 

Admission to the ShowFx World Expo in Kiev is free.

 

See you at the Expo!

 

ForexMart is an investment company regulated across the EU region. We offer the highest quality of service to our clients including a 30% trading bonus for every deposit. Register with us and get your bonus today. 

 

Warmest regards,

 

ForexMart Team