Company News by ForexMart

[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.

europesbankinglobby.PNG (157.28 KiB) Viewed 7192 times

[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 [email protected] 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.