Company News by ForexMart

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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Sep 11, 2017 12:12 am

The current Money Fall contest has already started on September 11, 2017 and will end on September 15, 2017.

You can register for the next competition which will take place from September 18, 2017 to September 22, 2017

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



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Economic News

Postby Andrea ForexMart » Mon Sep 11, 2017 2:31 am

Australian Dollar Up Against the USD due to Hurricanes

The national currency of Australia is predicted to maintain its stance near the two-year highs, as the American dollar is expected to be under pressure due to economic downfall assessed by investors in line with the destructive hurricane that hit the shores of Florida.

On Friday, the Aussie dollar was able to reach its highest level since May 2015 while investors are preparing for further impact by Hurricane Irma as the forecast says, it will slam the Florida Keys along with some flooding in Florida’s Gulf Coast.

Lloyd’s of London fears for the possible insurance losses worth $US 200 billion ($248.22bn) as tropical cyclones brush off through the coasts of the United States and the Caribbean.

The reversal in the residential construction activity seems evident, as Westpac chief economist Bill Evans worries about the declining growth outlook based on the Reserve Bank’s report regarding monetary policy previously.

The bank further mentioned the increasing charges of stamp duty from foreign investors, as well as funding restrictions and Chinese government restraints that mainly influence future developments, particularly on international companies.

On Thursday, job statistics for this month will provide a break point for markets and the NAB’s economics team anticipates for a strong and steady month of the jobless rate at 5.6 percent. While tomorrow is scheduled for the publication of the bank’s Business Survey which would likely continue to show solid levels of business confidence. Moreover, the Westpac consumer confidence index will be issued on Wednesday and expected to remain weak. It should be watched carefully because of the impact cause towards the retail-exposed stocks, as the dollar seems trading actively.

The greenbacks were able to lose its gains on the back of touching its two-year high at US81.25c last Friday, however, it closed over the critical level of US80c.

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Economic News

Postby Andrea ForexMart » Wed Sep 13, 2017 4:03 am

C$ Rose as Canadian Bond Yields Increased

The Canadian currency strengthened yesterday against the American dollar, for it gained support from Canadian bond yields on the back of the sudden decision by the central bank last week regarding the rate hike that shocked investors.

This is because of the series of strong economic news that triggered the Bank of Canada to increase rates for the second time after three months, but this action bolstered the loonie to reach almost 2 percent higher.

Moreover, the two-year yield surged by 99 basis point in May and was able to achieve its highest level at 1.643 per cent recorded on June 2011. The yield is currently at 1.548 percent.

The loonie is trading at $1.2119 (82.52 U.S. cents) to the US dollar and is higher by 0.3 percent. The Canadian currency successfully outperformed its major counterparts and trades within the marks of $1.2098 to C$1.2170 and reached its strongest stance at C$1.2063 since May 2015. The prices of government bonds declined below the yield curve due to lowering demand for safe-haven government bonds.

While the 10-year yield slumped by 35 Canadian cents (2.025 percent) and obtained its highest intraday at 2.042 percent on July 31st.


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Economic News

Postby Andrea ForexMart » Wed Sep 13, 2017 4:41 am

German Economy Gained More Than Two Percent in 2017, says BDI

The economy of Germany is expected to increase by more than 2 percent this year, with further adjustments on calendar effect According to the BDI industry association, this could be the strongest rate in six years after increasing its growth outlook for the biggest economy of the European Union.

The forecast comes after a muted message by the Economy Ministry, stating that the country might have slower growth during the second half amid the breakthrough for the first half.

The German economy would likely have an upswing due to consumer-driven factors including the extremely low borrowing costs, high level of employment and increasing real wages.

Moreover, these factors may support Chancellor Angela Merkel to gain victory for her fourth term during the federal election on September 24.

The ministry is very careful before publishing any forecast as indicated in its monthly report, stating that the development will continue until December but it is possible that dynamics will weaken.

So far, the growth forecast for this year remains unadjusted at 1.5 percent by which will be revised to 1.8 percent due to calendar-adjusted basis. However, analysts hope that the government will further lift the rate in autumn.


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Re: Company News by ForexMart

Postby Andrea ForexMart » Thu Sep 14, 2017 4:49 am

Economic Calendar (September 13, 2017)

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.


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Re: Company News by ForexMart

Postby Andrea ForexMart » Fri Sep 15, 2017 1:18 am

ForexMart Launches Web Terminal for Traders

We have launched a trading web terminal which will be available to all ForexMart clients.

This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.

The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.

The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit <here> or you can contact our customer service at support@forexmart.com
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Economic News

Postby Andrea ForexMart » Fri Sep 15, 2017 3:37 am

Collaboration of Indian and Japanese Economy

The Prime Minister of Japan, Shinzo Abe will visit India to begin the bullet train project, as well as to improve the commercial ties between Japan and India, especially in the field of development and defense.

The scheduled arrival of the Japanese PM is on Wednesday and intended to stay for two days to discuss trade dealings along with the annual summit involving the two countries. PM Abe and PM Narendra Modi are working on the 508-km long rail bullet train project called as the Mumbai-Ahmedabad High-Speed Rail, and the two leaders will design the foundation stone on Thursday. This project is estimated to complete by 2023 with an entire capability to run by 350 km per hour.

The Japan Investment Cooperation Agency (JICA) financed this project by 80 percent as a soft loan with a very low-interest rate on a 50 year period. It could further lessen the time spent in traveling from Mumbai to Ahmedabad which is from seven hours down to two hours time travel. The remaining Rs 9,800 crore amount of funding will be carried by Indian Railways, which makes this project an expensive one.

Japan’s Shinkansen Technology will fly to India and made advancement under the scheme of Make in India, says Railway minister Piyush Goyal.


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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Sep 18, 2017 12:39 am

This week’s most popular deal:


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Economic News

Postby Andrea ForexMart » Mon Sep 18, 2017 2:43 am

Emerging Markets Shift To Domestic Bonds

The bond market became stronger amid all the external shocks and rise in general levels of debt in the emerging market as investors shifted to longer-dated bonds and domestically-issued bonds.
It has been forecasted by the Bank for International Settlement that the rise in debt levels would become a new problem which has been forewarned before. Although, the changes would still depend on the structure and assuage the problem at hand. Nevertheless, borrowing is mostly executed in local currencies at long-term maturities with a fixed rate. Foreign bonds declined from 32 percent since the end of 2001.

These would reinforce the viability of public finance and lessen rollover risks and imparity of currencies as stated by the BIS. Longer tenor bonds would result in higher bond yields internationally since advanced countries implemented loose credit policies and interest rates would push the price lower for long-dated bonds compared to short-term tenor.

According to the most recent report on Sunday, the government debt in emerging markets is aggregated to be at $11.1 trillion which has doubled in value since the latter part of 2007. On the other hand, the public debt partly contributing to the gross domestic product soared by 51 percent and 10 percentage points higher by the end of 2007. At the same time, statistics showed that bond maturities have firmly increased over the emerging markets with the average maturity of 7.7 years including 23 countries such as Mexico and South Africa. Notably, this is just a bit lower than the average figure in 8 years among industrialized nations.


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Re: Company News by ForexMart

Postby Andrea ForexMart » Tue Sep 19, 2017 9:31 pm

Economic Calendar (Wednesday / September 20,2017)

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.


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