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Daily Economic and company news by ForexMart

Discussion in 'Forex Brokers' started by Apple ForexMart, Oct 5, 2016.

  1. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 5, 2016

    British Pound Plummets to its Lowest Levels since 1985 after Post-Brexit Angst

    The British pound plummeted to its lowest levels since 1985 after rising concerns that the UK is most likely headed toward a “hard Brexit”, which would lead to a restricted access of the European market in general. The sterling pound had already went beyond its current lows in relation to the USD after the Brexit vote and was in its lowest levels in 3 ½ years in relation to the EUR. The GBP even went lower after UK Prime Minister Theresa May allegedly took the view that the EU exit talks would not put in any special treatment for its financial services. This has caused the pound to drop against all other major currencies after Theresa May’s announcement that she will be pushing through with the formal process for Brexit in March next year.

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  2. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 5, 2016

    UK Prime Minister May have an announcement regarding Brexit

    Theresa May defended that the economy of UK still have a wealthier economy after the EU exit which brought unfavorable impact to the pound.

    At present, pound experienced a 31-year low decline versus the greens. Moreover, the IMF lowered down its expected GDP result. May will have her speech on Wednesday at the Conservative conference about the tension in the setting of the referendum. According to PM May she would impose certain conditions under the order of EU Freedom of movement which cause the sterling to shift downwards.
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  3. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 6, 2016

    Japanese Shares Surge for Fourth Consecutive Day as JPY Drops Continuously

    Japanese shares closed down the last session with its benchmark equity measure its highest levels in four months after the JPY continued to decrease in value, logging in its longest dropping period since March after an increased possibility of an interest rate hike by the Federal Reserve following the release of positive US economic data. Japanese equity strategists are even speculating that the interest rate hike might be moved to November if the release of US jobs data on Friday would turn out to be stronger than the previous data release.

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  4. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    On 17th of September 2016, the annual conference of ShowFx Asia was held at Marina Bay Sands Expo & Convention Centre Singapore. This event gave an opportunity for traders to gather at one place, once in the year of their busy life to meet members of Forex community.

    Outstanding speakers were invited to give advice, share their experiences and insights to large number of guests. They are internationally acclaimed speakers who are experts with years of trading or passion for excellence in their career.

    This one-day event was focused on the latest developments in trading with market forecast of the year 2016. Speaker Zen Alldredge who is a Lead Forex instructor and trader at the Trading Empire focused on Market makers whether it is a fact or fiction. He imparted to the audience how to identify and counteract trading mind traps. He is trusted for his forecast on weekly market trends that is 90% almost accurate for the last 5 years up to present.

    One of the former World`s Youngest Forex educators, Choo Koon Lip, shared strategies and showed how to get money and become the Best Manager in Forex. He is one of the top educators in the industry where most of his students were successful in trading.


    Another speaker, Semyon Tochilin, talked about Conservative Forex Trading or how to choose the optimal trade strategy for a beginner. This includes price behavior including price delivery inefficiencies or interbank that can be applied into trading.

    Speaker, Karen Foo, who is named as one of the top 25 Traders in Asia, enlightened audience on how to get started in the craft of trading in 4 powerful steps as a Trade Executor. She has always been a financial expert among other top investment gurus.

    Today’s Forex Market was also tackled by Ezekiel Chew by giving advices on how to convert mishaps into profits. He is known for helping people to get back on track after experiencing some adversities in trading.

    ForexMart who has been active in Forex community joined the event as an exhibitor. All the attendees not only learned from distinguished speakers but had a fun-filled day with all the other activities such as raffle draws and a presentation from Pruton Futures. To meet other Forex traders including brokers, trading experts and fellow traders who have similar interests is what made this day more memorable. The active participation of novice or seasoned traders alike and sponsors made this event a success.
     
  5. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 7, 2016

    International Monetary Fund Warns of Possible Disruption in Asian Capital Flows due to Fed Interest Rate Hike

    The International Monetary Fund released a statement on Thursday that warned investors that varying reactions on the impending interest rate hike by the Federal Reserve could disturb Asian capital flows and could also increase the volatility of asset prices in Asia. The IMF also stated that the prospective growth of much more advanced nations can have negative effects on the Asian economy especially since the region’s weak export rates could have an impact on their overall growth and inflation rates.
     
  6. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 7, 2016

    Impact of Hurricane Matthew in the oil prices is unpredictable

    The cyclone brought an immediate impact to the oil companies, seeing the gasoline prices to initiate a push and pull actions as the storm goes around a circular movement around the area, this also affected the demand and supply in Southeast.

    Price of gasoline moderately increase in Florida and drivers are urging to search gas stations since most of the filling stations there were rush out. Almost 1.5 million individuals are moving to South Atlantic coastal zone due to the heavy storm by which the authorities said that this catastrophe would leave a large damage to Florida.
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  7. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    High NFP Report Impacts Fed Rate Hike

    Federal Reserve is pressured for rate hike because of continuous advances of employment growth in US. The needed job by economy is less than 100,000 to match the population growth. However, the Non-Farm Payrolls (NFP) soared to 175,000 in August. It is expected for a the hourly wages to increase by 2.6% in September which is the same as last year. Another rate hike is presumed not to happen since the election is just a month away and this will be the last employment report before November policy meeting of Fed.
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  8. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 10, 2016

    Samsung Temporarily Discontinues Note 7 Production Due to More Reports of Exploding Batteries

    Tech firm Samsung Electronics Co. has allegedly decided to temporarily halt its production of its infamous Galaxy Note 7 smartphone after more reports of exploding batteries, this time with the replacement phones previously provided by the firm to Note 7 owners. This has caused an additional negative impact to the company’s overall status and has hindered the firm’s struggle to recover from the initial reports of exploding smartphones. This move has caused Samsung shares to drop by 4.6%, its second drop following the firm’s defective smartphone issue.
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  9. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 10, 2016

    Financial Market Sides with Clinton After Debate

    The U.S Stock Market sees Democrat Hilary Clinton to have an upper hand against her opponent Republican Donald Trump. The U.S. stocks ascended shortly after the first 90-minute presidential debate. On the other hand, Trump focusing on U.S. trade deal between Mexico and Canada and vowed to create a border influenced the Mexican peso to increased by 2% this weekend up to 1.3% gainst USD. In S&P 500 increased by 6 points just three hours before the debate and gained 5.25 points or 0.24% after.
    The debate was concluded as a draw while Financial advisors ponder Clinton to win considered as an investment premise for 2017.

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  10. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 10, 2016

    Rules of the World Trade Organization would cause higher amounts of shop prices, according to the BRC.

    The BRC gives notice to the trade secretary upon employing the principle of the WTO because this would cause an additional 12% for the Bangladesh clothes while 27% increased over meat products and Chilean wine also had an upsurge of 14%. Included also on the goods that would possibly make an additional cost is the NZ lamb. But it is expected that the general value of the commodities would rise and shoppers would likely to strive upon the upswing of those merchandise.

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  11. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 11, 2016
    Due to Sudden Sales Drop, Ford Temporarily Shuts Down Mustang Factory in Michigan

    Ford Motor Co. will be temporarily shutting down its Michigan-based Mustang factory after the automotive firm suffered a 32% decrease in its sales. The firm was also outsold by the Chevrolet Camaro after two years which was also a factor in the said shut down. According to a company spokesperson, the firm’s plant in Michigan will resume its production in October 17 while the firm realigns the current demand with its production capacity. The plant has a total of 3,702 employees and is a manufacturer of both Lincoln Continentals and Mustangs.
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  12. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    Clerics left Wells Fargo behind due to the eruption of a scandal

    Religious investors including a group of nuns decided to leave the Wells Fargo & Co. and they are appealing for a shareholder resolution to bank reporting the fraud accounts of the company. These accounts are worth $190 million.
    The ministerial people who are involved in the company also complain the overall management and security because it is revealed that employees have the power to open private accounts even without the permission of the holder, just for the sake of reaching their quotas. St. Francis of Philadelphia filed a case against the bank considering that the financial institution promised for a better risk control for the banks based in San Francisco by which the investment firm did not comply with.
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  13. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 11, 2016

    Next in line: TPP Deal After the Approval of Extra Budget in Japan
    An extra budget of $32 billion yen has been approved by the parliament of Japan for this fiscal year. This supports the stimulus package of the Shizo Abe, the current Prime Minister of Japan. This is allocated for railroad improvement, recondition ports, to bolster natural disaster prone areas and augment wages for daycare workers. With this budget allocation settle, their next concern is the Trans-Pacific Partnership (TPP) pact that is targeted to be approved in the current session of the parliament scheduled to end on the 30th of November.

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  14. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 12, 2016

    Volkswagen Plans to Reduce Workforce Yearly

    Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.
     
  15. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    The pursuant of Hard-Brexit would cause the Britain to lose up to £66bn, the Treasury warns

    After the major news regarding the British exit that brought extreme damages in the overall economy of UK, the concept of hard-brexit rose by which experts discussed it as the withdrawal in the single market along with dropping its membership to EU customs union and it is believe that this is a harm-generating occurrence.

    As it was stated by the HM treasury, the region is expected to lose as much as £66bn, in case that type of Brexit option will be executed. In accordance to the statement from the elected officials, there would be a 9.5% decline to the country's GDP.
     
  16. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 21, 2016

    Route to Recovery of UK’s Manufacturing Sector Through Low-Skilled Jobs Expansion

    The manufacturing sector of Britain depends on the proliferation of low-skilled jobs after years of decline since 2011. However, even if there is 5% increase in jobs data, the output has not risen enough. It is not totally unproductive but is in a state of jeopardy.

    The productivity rate was the same with the pre-crisis level despite the increase in low-skilled jobs. Different manufacturing companies recondition their factories to boost productivity, dismissing thousands of employees and increasing output. The government now aims to strategize towards the stabilization of the economy focusing on manufacturing exports.
     
  17. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 21, 2016

    The production for world wine predicted to hit a four-year low.

    The unpleasant weather in France and South America had brought negative condition on the output of world wine as it was presented in the industry forecasts.

    According to reports, one of the intergovernmental organization for vine-based products, International Organisation of Vine and Wine (OIV) said that their valuation for their production will only achieve 259.5 mhl. This manufactured by-product demonstrated a decline of 5%. Nevertheless, the company affirmed that prices will not be affected upon this issue.

    This year many countries experienced some worse situations such as the Italy that recently dropped 2%. France production had a downturn of 12% caused by frost and hailstorms. This climatic event also disturb Argentina's manufacturing by 35%, Chile at 21% and Brazil loss 50%.
     
  18. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    October 24, 2016

    UK PM Theresa May Resumes Meeting with UK Governments amid Brexit Breakup Concerns

    UK Prime Minister Theresa May is set to resume having regular meetings with UK governments after Scotland government officials expressed their concerns regarding May’s ability to actually strike a substantial deal in discussions on how to handle UK’s separation from the EU. Nicola Sturgeon, Scotland’s First Minister, is reportedly preparing for possibly another referendum if ever May clinches a Brexit agreement which would exclude the country from the EU singular marketplace for services and goods.
     
  19. Apple ForexMart

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    October 24, 2016

    Belgium given a deadline until Monday to resolve CETA trade deal with Canada

    The sovereign state of Belgium were given an ordain from the politico-economic union to work through the odds regarding the CETA deal before the coming Monday otherwise, the settlement will be canceled.

    The principal representative of the European council, Donald Tusk is scheduled to meet with the Belgian Prime Minister, Charles Michel. The huddle between the two leaders will determine whether or not PM Justin Trudeau will take its flight to Brussels for the signing of agreement.

    Once there was no affirmation for the free trade agreement, the EU-Canada reconciliation will be deferred. It would take a long time again before another signing arrangement will be set according to sources.
     
  20. Apple ForexMart

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    October 24, 2016 -

    EU Exporters Could End Up Paying Higher Tariffs to EU Than Vice Versa

    EU enterprise exporting goods would pay higher tariff to Uk compared to the other way around. Around £12.9 billion are to be paid by EU enterprises just on tariffs alone after UK leaving EU and should Britain come in terms with the World Trade Organization. In exchange, UK enterprise exporters has to pay around £5.2 billion for tariff in a year. This implies the significance for both parties to settle their post-Brexit trade deal. A study has been conducted showing 22 out of 27 EU members are found out to pay higher tariffs regarding exports to UK.
    Additionally, the act of Belgium to be against the Comprehensive Economic and Trade Agreement (Ceta) between EU and Canada which has been an issue recently. Nevertheless, a representative of the campaign, Chris Grayling, said that this would not be a hindrance to settle an agreement with the British trade deal with EU.
     

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