Company News by ForexMart

Andrea ForexMart

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Jan 27, 2016
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This week’s most popular deal:

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Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
 

Andrea ForexMart

Master Trader
Jan 27, 2016
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77
36
Britain Retail Sales Slow Growth in July


The retail sales growth of Britain has slowed down in July which is already anticipated following a strong second quarter. Most shoppers lessen their purchases that are majority to be goods other than food which worsens the decline in consumer demand because of higher inflation.


The statistics show a dropped of 1.3 percent year-on-year of the retail sales growth in volume terms which is lower the 1.4 percent increase in the forecast by economists according to a poll from Reuters. The annuals sales growth has been the slowest since November 2013 with a recorded figure of 1.8 percent.


On the other hand, wages in the second quarter were 0.5 percent lesser in real terms compared to 2016 which has been one of the largest decline since 2014. It is predicted that the consumer price inflation will rise by 3 percent in October compared to the current value of 2.6. An economist described the inflationary effect following the decline of sterling to diminish next year which could speed up the sales volume growth.


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Andrea ForexMart

Master Trader
Jan 27, 2016
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The current Money Fall contest has already started on August 21, 2017 and will end on August 25, 2017.

You can register for the next competition which will take place from August 28, 2017 to September 1, 2017

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



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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
More Jobs in South Korea; In-depth Plan to Counter Rise in Household Debt


South Korea will implement an extensive plan in September that targets the rising household debt as stated by the country’s finance minister on Thursday. He also stated that concern regarding the household debt could not be fixed in a short-period of time. His rhetorics came out the day after the household debt data has been released as the mortgages also continue to increase in the second quarter but a slower pace contrast to the first quarter.


The most recent report from the central bank states that the household debt persists to rise worth 1,400 trillion won in the second quarter. This data was published following the implementation of financial restrictions in the last month to curb the overheated housing market. Some of the cities including Seoul was labeled as "overheated speculative districts" to limit money borrowers. However, homeowners shell out higher capital gain taxes needed in selling their houses.


On the other hand, the government intends to boost employment by allocating 12 percent focused on job creation in the budget for 2018. At the same time, the minimum wage will also be increased to make sure the people are given proper income as part of its attempt to raise the income of regular people. Primarily, the goal is to secure household gains through higher earned income.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
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77
36
The current Money Fall contest has already started on August 28, 2017 and will end on September 1, 2017.

You can register for the next competition which will take place from September 4, 2017 to September 8, 2017

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



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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
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77
36
Brazilian Economy Increased nearly in Q2


The economic growth of Brazil slightly slowed down in the second quarter, as polled by Reuters’ economist on Tuesday. Despite the increase in consumer expenditure that indicates recovery from the depression 100 years ago. While the GDP of the country would likely pick up to 0.1 percent in the quarter from the first three months of 2017 in the rear of seasonal adjustments, as shown in the median forecast made by 34 analysts.

According to projections, the quarterly drop ranges from 0.3 percent to 0.7 percent growth, linked with the prediction of Banco Santander which is a highly accurate GDP forecaster, but growth is not expected at all. The survey underlined both the possible blow and feasible support for policymakers and investors upon the publication of data on Thursday 9 AM (1200 GMT)

Moreover, the GDP of the largest economy in Latin America declined by 8 percent amid Q4 in 2014. The end of the fiscal year 2016 is the greatest recession for the country since the last recorded in 1901. Inflation was initially seen to escalate but slumped to its lowest level in eight years with a faster pace than anticipated. This influenced policy makers to trim their target for annual inflation. The central bank of Brazil also cut their interest rates by 500 basis points since October by which eventually held some impact as stated by economists.



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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
The current Money Fall contest has already started on September 4, 2017 and will end on September 8, 2017.

You can register for the next competition which will take place from September 11, 2017 to September 15, 2017

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



winners.PNG
 

Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
Positive Corporate Australian Rates; Rise in Wages for Q2


This has been the largest rise in salaries and wages in two years for the past quarter with an optimistic outlook to consumer expenditure yet the decline in inventories has influenced the general economic growth.


The gross profit of companies has dropped by 4.5 percent within the months of April to June after a growth of 6 percent in the beginning when profits soared to historic levels from Australian Bureau of Statistics on Monday. Mining has been affected by the decline of greater than 15 percent at pre-tax level.


On the other hand, salaries and wages climbed to 1.2 percent or A$1.6 billion in the second quarter implying that employees also benefit from businesses. The Gross Domestic Product scheduled on Wednesday was predicted to imply advancement of 0.8 percent worth A$1.7 trillion in the Australian economy as it recovered from a slow rise of 0.3 percent for the period of January to March. Overall, the yearly growth is noted to be subdued with 1.9 percent.


The growth rate of the Reserve Bank of Australia for 3 percent in the succeeding years with the low mining ventures that has been dwindling down for a protracted period while costly prices of commodities traded internationally affect the economy.


The RBA will have its policy meeting for September on Tuesday which is presumed to maintain the current borrowing rates at 1.5 percent since August in the previous year.


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Andrea ForexMart

Master Trader
Jan 27, 2016
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Private Sector Positive Growth Pushes Inflation Higher


The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.


The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.


The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.


On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.


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Andrea ForexMart

Master Trader
Jan 27, 2016
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77
36
Britain is Certain for a Post-Brexit Immigration Policy


The Britain intends to push through a balanced policy on immigration when the Brexit was finalized and left the European Union. They intend to look for highly-skilled workers while attempting to push the general statistics to move lower according to the Defense Secretary Michael Fallon on Wednesday.


A certain publication disseminated a government document on Tuesday that is supposed to be private where the scheme to lower the number of skilled workers E.U. in Britain after Brexit in 2019.


The defense secretary also noted that final plans later will be published later this year. They wanted highly-skilled people to come over their country and will open doors. At the same time, British companies are anticipated to be able to train their fellow British workers as the public also agrees with the concept of controlling the immigration instead of totally closing doors. Needless to say, they voted for Brexit referendum.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36

This week’s most popular deal:

populardeal.PNG


Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
 

Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
Drop of Oil Prices Due to the Hurricane Damages


Oil prices declined on Tuesday as an aftereffect of the Hurricane Irma as it weakened the demand as it counterbalances the restart of the refineries since the Hurricane Harvey. Despite the recovery of the refineries, the repercussion of cyclone Irma was less favorable of favorable for the oil market.


The global benchmark of Brent crude LCOc1 dropped by 35 cents to $53.49 per barrel at 08.47 GMT. On the other hand, the U.S. West Texas Intermediate (WTI) crude CLc1 declined by 30 cents at $47.77 a barrel.


The Goldman Sachs forewarned that there is a possibility for the demand to drop by 900,000 barrels per day for the month of September and 300,000 bpd in the succeeding month because of tropical cyclones.


Investors are also monitoring how the weather conditions could affect the inventories. The report from the American Petroleum Institute (API) is anticipated on Tuesday while the U.S. Department of Energy’s Energy Information Administration (EIA) will publicize the results on Wednesday.


Projections from experts show that the inventory reports of crude stocks will increase by 2.3 million barrels for the week of September 8. Furthermore, the prediction for the refined commodities supply will most likely decline. Despite the present problem in oversupply in oil reserves, oil producing nations particularly the Saudi Arabia and Venezuela and Kazakh counterparts with the probability of extending its lengthen of production output over the March 2018.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
CBA Issued $3 Bonds Despite Money-laundering Allegations


Bonds worth $3 billion was successfully issued by the Commonwealth Bank of Australia (CBA) in the United States amid the money-laundering allegations against the biggest lender in the country.


The bank had it in three-parts and sold more cheaply than anticipated that increased the funds and garnered $5.9 billion orders as reported by the Reuters on Thursday morning. It is separated into three partitions, 10-year bonds worth $700 million, 5-year bonds worth $1.15 billion and 3-year bonds worth $1.15 billion stated by the IFR magazine. Following the sudden increase in the U.S. bond market, the demand surged up with scarcity in high credit rating as it is highly applied for.


During the CBA meeting with the investors last week, they were able to discuss if the money-laundering issue would affect raising of debt. The Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency of the country, filed a lawsuit against the CBA and faces anti-money and counter terrorism financing laws. At the same time, they are also confronted with a separate examination from two regulatory companies and a possible legal action. The Australian banks lost 9 percent A$14.3 billion or $11.5 billion following the AUSTRAC case.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36

The current Money Fall contest has already started on September 18, 2017 and will end on September 22, 2017.

You can register for the next competition which will take place from September 25, 2017 to September 29, 2017

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



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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
Japanese Firms Expect Positive Economic Growth for US and China


Large number of companies in Japan have optimistic views for the American economy based on Reuters poll. This restored market confidence as they worry about the possible slow down of US growth.


The majority also had issued a positive forecast for the Chinese economy amid the negative outlook of few companies that prospects seem greater than for the US economy.


The poll made by Reuters Corporate showed that 64 percent of Japanese firms believe that the United States will continue to grow within its current momentum, while there are 19 percent who presumed that the country will further expand. The other 17 percent anticipates for a slackening growth. However, many respondents, including the manager, questioned the competence of the Trump administration in managing the main policy issues. The survey is done on August 30 until September 12, this concurred with the upward revision to U.S. GDP for Q2 which appeared to be higher than the strong consumer expenditure and business investment. Moreover, the poll started upon the arrival of Hurricane Harvey on Texas and the survey was finished when Hurricane Irma get into the shores of Florida. Even before the poll was published, experts downgraded forecasts for GDP but economic indicators showed stronger stance which led to further increase.


According to the survey conducted by the Reuters Corporate, there are 59 percent firms in Japan, with direct or indirect transactions with the US, stated that their business plans appeared to be running smoothly. But 33 percent claimed that there is quite delays and sluggishness while the remaining 8 percent are yet to review their plans.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
US Federal Reserve Kept Interest Rates On Hold


The biggest crisis within the financial sector was recorded nearly a decade ago, while the Federal Reserve lead the turning point and decided to begin unwinding the stimulus in order to avoid another depression.


Moreover, the US Fed will begin the $4.5 trillion worth of balance sheet reduction in October and initially will start by $10bn each month. According to Fed chair Janet Yellen, the normalization process is expected to be gradual and seems foreseeable.


While US policymakers kept the dollar rates unchanged at 1.25% to 1.5%. The FOMC is projected to increase borrowing costs for the second time in 2017, followed by the anticipated three-time hike in 2018.


During the press conference, J. Yellen confirmed that the central bank has no clue regarding the failure of inflation to return to its target. In addition to, she already anticipated for the short-term damages caused by Hurricanes Irma, Harvey and Maria to the American economy. Yellen still doesn't have any plans for the future as she hasn’t met US President Donald Trump and did not even discussed whether she would pursue to have a second term after her first stint which will end on February 2018.


It appears that investors see the Fed’s decisions as positive, considering the shares moved slightly higher in New York. The American dollar rose amid the weakening of the US government debt. Investors are prepared with the impact of the Fed’s policies against the markets.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
NZ Business Confidence Index Plunged After General Election


After the general election in New Zealand, the business confidence in the country has declined to its two-year low which is caused by the fears of manufacturers for a downturn.


Before the voting on September 23, the confidence index fell to zero against 18.3 last month as mentioned by ANZ Bank New Zealand on Tuesday.


More than three months passed after the survey of manufacturing companies issued a pessimistic forecast for business conditions within next year, higher by 2 percent in the earlier poll.


Moreover, the sector has the tendency to cut down hiring while respondents are expecting for a lower salary.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
Qatar’s Imports Surged in August Despite of Sanctions


Imports of Qatar rose in value as it bounced off abruptly during the month of August compared to the earlier month as stated in the government data on Wednesday. This could mean that the economic impact of sanctions enforced by neighboring Arab nations is ebbing.


Previously imports dropped over a third in value after several countries including the United Arab Emirates, Saudi Arabia, Bahrain and Egypt which severed their diplomatic ties with Doha on June 5. However, this affected the shipping routes to Qatar as it closed the border of its country with Saudi Arabia where food and construction materials are being imported.


However, figures showed a sudden increase of 39.1 percent to 8.68 billion riyals or $2.38 billion last month as reported by the planning and statistics ministry. Although in contrast to the statistics from a year earlier, the imports were 7.8 percent lower exhibiting a big recovery compared to the levels for the month of June and July when it plunged greater than 35 percent last year.


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Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36

The current Money Fall contest has already started on October 2, 2017 and will end on October 6, 2017.


You can register for the next competition which will take place from October 9, 2017 to October 13, 2017.


Note:

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


winners.PNG
 

Andrea ForexMart

Master Trader
Jan 27, 2016
1,069
0
77
36
Asian Factories Improved Activity Before Shopping Season Begins


Large factories in Asia has been more active in September along with the rise in global growth with signs if a strong demand for manufactured goods which end the shopping season very well. Yet, some regional economies who are experiencing economic struggles keep the direction slightly bent as they need to implement softer monetary policy despite western countries have pushed back their stimulus.


The central bank of China has reduced the number of cash reserves for the first time since February 2016 which aims to make it more appealing for smaller lending companies and boost the stagnant private sector. The slowdown of their economy did not meet expectations even if they started the first half strongly. Although, they have plans of easing as they prepare ahead of the shopping season. This was supported by the official Purchasing Managers’ Index from China’s vast manufacturing sector whereby data shows a high demand in the previous month which have been the fastest rate since 2012.


However, the higher cost of raw materials has affected the performance of smaller companies which was exemplified in the separate private survey of factories indicating slowed growth for the month of September.


In Japan, the factory performance also accelerated at a quicker rate in four months because of strong demand in exports that affects the economic momentum despite the unchanged inflation rate. Moreover, the Bank of Japan reported that large manufacturers have gained more confidence in business situation over a decade, driven by the low value of yen and a strong global demand. Nevertheless, the BOJ plans to maintain their rates low.


Also, the Manufacturing business in South Korea grew at the fastest rate in less than two years.


Indonesia also demonstrated a rise in factory growth although at a slower rate and the production also declined. The country eased their interest rate twice this year hoping to improve the weak domestic consumption.


Yet, India cut its rates in August to stimulate growth and inflation.


Overall, it seems that these easing of the Asian nations is not really a major move but rather mere adjustments in policies compared to the Western countries as described by Rob Carnell, Asia’s head of research of ING.


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