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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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    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
     
  2. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    Las Palmas VIP Ticket Raffle 2016/17

    ForexMart clients can now have a unique opportunity to get VIP tickets and watch games in Las Palmas for free!

    ForexMart is pleased to announce that we will be giving away free VIP ticket passes to watch Union Deportiva Las Palmas play against the best European football teams to all of our active clients.

    This raffle is open to all active ForexMart traders, and each client will immediately get ONE (1) entry to the ticket raffle. Winners of this particular raffle will be able to get a confirmation via their emails.

    For more details with regards to this raffle giveaway, kindly visit ForexMart’s official raffle page.

    If you do not have a trading account with us yet and want to join ForexMart’s VIP ticket raffle, you can sign up <here> now and have your account validated instantly! Sign up and get a chance to join and win awesome prizes from ForexMart!
     
  3. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    ForexMart Signs Contract with HKM Zvolen

    ForexMart officially announces a new partnership with HKM Zvolen.

    The Forex broker is a rising name in the Forex industry having been in the spotlight recently for winning the “Best Newcomer Brokerage 2016” in the latest Global Business Outlook awards ceremony. Meanwhile, HKM Zvolen is a recognized hockey club in Slovakia famous for its rich history and for winning the Slovak league championship twice and the 2005 IIHF Continental Cup.

    The said partnership implies to include joint campaigns, collaborative projects, and a sponsorship. The move of ForexMart to partner with a prominent sports team such as HKM Zvolen is believed to be a move to boost the company as a Forex brokerage and the hockey club as a team that excel in their respective industries. This new contract will integrate the activities and goals of ForexMart and HKM Zvolen to elevate each other’s brand.


    The new partners are currently busy in their own fields with HKM Zvolen getting ready for a new hockey season while ForexMart is developing more promotions and introducing new features in its business.

    ForexMart have expressed their plans to expand business by partnering with groups beyond the financial field. The Forex broker has already partnered with prominent names in sports including racing legend Rick Parfitt Jnr’s RPJ Racing and Union Deportiva Las Palmas team.
     
  4. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 2, 2016

    US Stocks, Tech Shares Drop as Banks Extend Rallies

    US stocks plummeted from its recent all-time price increase while equities surged and clocked in its first upbeat data after a four-month slump, while technology shares dropped in spite of extended gains in energy and bank shares. The S&P 500 index dropped by 0.4% at 2,191.08 points during the North American session while the benchmark index reached a 3.4% increase, its highest rally in almost eight months. This sudden surge came along with speculations that president-elect Donald Trump will be implementing certain fiscal and monetary policies which could possibly help in strengthening the US economy.
     
  5. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 5, 2016

    Euro Drops, Bonds Surge as Italy Says No to Constitutional Reforms

    The EUR plummeted along with Asian stocks while bond prices surged after the Italian government voted “No” on the referendum for constitutional reforms, which sparked concerns that this recent development in the country will induce instability in the Italian economy and boost nationalist organizations. The euro hit its lowest point in almost two years after Italian PM Renzi announced his resignation. UK-based stocks and Asian shares index futures also dropped, while government debt recoiled in Treasuries during Friday’s session.
     
  6. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 6, 2016

    China Needs to Address Rising Leverage Concerns

    China has to implement market-oriented reforms at a faster pace to counterbalance the climb in corporate leverage including the unnecessary disturbances in the state sector according to a U.S. Treasury official.

    The reform is said to include the removal of ‘state guarantees’ and financial sector that disproportionate State-owned Enterprises charged to private sector firms. The country has an estimated total of $18 trillion debt that represents partly of the GDP. They see the relevance of removal of barriers that limits the participation of local and foreign companies in the service sector in line with the shift in focus from a manufacturing-centered country.
     
  7. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 7, 2016

    GBP Hits Highest Level in Two Months as Market Hopes UK Government Loses Brexit Case

    The sterling pound hit a two-month high after the UK Supreme Court recently concluded its second day of arguments with regards to discussing the right to commence the Brexit referendum, or the UK’s imminent separation from the EU. The GBP recorded its sixth day of increase against the USD, its second consecutive monthly gain since November. The UK government has already lost a Supreme Court case, which was about whether the Parliament should be first given the right to do a vote before the actual implementation of Theresa May’s Brexit strategies.
     
  8. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    RBA interest rate decision remained at 1.5%

    The central bank of Australia or also known as RBA has announced their final decision during the board meeting held every month. The Reserve Bank of Australia made a resolution to keep their rates unchanged with a record low reaching 1.50 percent.

    According to a site whose purpose is to compare mortgage rates, finder.com.au have made a survey among 75 experts in the industry and most them expected that rates will still be consistent. Furthermore, they support the RBA’s decision as there is no reason to demand the bank to employ such changes. Many professionals from the industry anticipate that the next move of the Australian financial system will be on the upcoming February 2017.
     
  9. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    Australia's Economy Weakened by 0.5% in Third Quarter 2016

    The Australia’s economy declined more than the anticipated 0.5% in the month of September which is set to be the first recorded three months of low growth in the span of five years. The annual economic growth rate also declined from 3.3% to 1.8%


    Global growth is also stagnant for this year and the labor market also weaker compared in 2015. An economist has stated that the economic growth was also dampen by the election campaign in the months of June and July that pulled the numbers to record highs brought by economic and political uncertainty. This has influenced the consumer and business activities although it has been forecasted that the the economy will regain in the last month of the year.
     
  10. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    ForexMart at ShowFx World in Kiev

    This coming December 17-18, 2016, ForexMart will be joining other exhibitors in the upcoming ShowFx World Exhibition to be held at the Hyatt Regency in Kiev, Ukraine. This particular event is dedicated to bridging the gaps between traders and brokers and will feature major brokerage firms and other prominent figures in the financial industry.

    The ShowFx World Expo will give attendees the chance to attend various workshops and seminars spearheaded by some of the world’s top experts in the trading industry, learn the most effective personal finance managing tips from leading financial gurus, and win prizes from raffle draws and get giveaways from the organizers and participating firms.

    Attendees to the said conference can also get the chance to get advice from participating brokers and learn more about the participants by getting introduced to their products and services, as well as their respective achievements. Admission to the ShowFx World Exhibition Kiev is absolutely for free.
     
  11. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    Japan’s Economic Growth Rate is Weaker for the Third-quarter

    The Japanese economy presented a lower-than-expected data during the third quarter of this year. According to the country’s Cabinet Office, Japan obtained 1.3% growth for the past three months until September versus to the results of the previous year. However, the initial estimate is 2.2% which is comparably weaker to the final result. Included in the recently presented data is the investments from various companies which is also lower than the earlier evaluation. The CapEx dropped by 0.4% as of this quarter due to the lesser investments from the steel and real estate industries. Furthermore, another data have revealed that the services sector is developing along with the increase in consumer spending.
     
  12. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 12, 2016

    Demonetisation of 100-Bolivar Notes

    The Republic of Venezuela made its announcement regarding the official replacement of the country’s banknotes, it will be fill in with coins within 3 days. The government decided to remove the 100-bolivar notes in order to minimize the smuggling of various items including foods. According to Nicolas Maduro, Venezuelan President, the syndicates run their operations within the border of the country cannot execute the repatriation of the notes. The most recent amount of the former “highest denomination” bill - 100 bolivar note is 2 US cents (£0.015). Moreover, the so-called “terrestrial paradise” are now dealing with a severe crisis both in political and economic sector since the region are included in the list of the world’s highest rates of inflation.
     
  13. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    Cut in Oil Production Lead to Oil Price Hike

    Oil prices surged to new highs since 2015 after OPEC and other oil producers come up with an agreement to lessen output production to counterbalance the oversupply in the economy.


    The agreement entails 1.0 million barrels per day reduction, lesser to the planned cut of 1.6 million barrels per day with the accrued 1.76 million barrels per day(bpd) from 24 countries. The former 52.6 million bpd equivalent to 54 percent of global oil supply. If the planned cut was followed, there will be higher risks involved.


    OPEC aims to cut output by 1.2 million bpd on January 1st from the top exporter Saudi Arabia with a bid of 486,000 bpd to stop overproduction.
     
  14. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 13, 2016

    Oil Prices Surge to Highest Levels in Almost Two Years Following Production Cuts Pledges from Non-OPEC Countries

    Crude oil prices rose to its highest levels in over 17 months following Saudi Arabia’s pledge to cut back on its oil production more than the previous agreement, as well as a pledge from non-OPEC countries to implement production cuts next year. Saudi Arabia’s Energy Minister has already stated that the country will be cutting back well below the predetermined target, and non-OPEC nations followed suit, with the said countries agreeing on cutting back by up to 558,000 bpd next year. This particular agreement is the first of its kind between OPEC members and non-OPEC members during a 15-year period.
     
  15. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 14, 2016

    USD Stabilizes as Fed’s Two-Day Meeting Commences

    The USD had a somewhat muted trading session since traders are now closely monitoring Federal Reserve as the FOMC’s two-day meeting has already begun. The market is currently expecting the USD to have a somewhat inactive reaction to the Fed’s speculated 25-point interest rate hike, but could exhibited an increased volatility with regards to its price once Fed Chair Janet Yellen speaks on the press conference following the FOMC meeting. The market liquidity expected for this month has already been augmented by the results of the Fed meeting, especially since traders are now more concerned with the central bank’s future plans than with the Fed rate hike this month.
     
  16. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 15, 2016

    USD Surges to Highest Levels in Two Weeks as Federal Reserve Hikes Interest Rates

    The USD surged to its highest levels in almost two weeks after the FOMC finally decided to increase its interest rates, with the funds target rate increasing by up to 25 bps. The central bank also opened its doors for a possibility of a total of three interest rate hikes this coming 2017, and while this is currently seen as a hawkish move on the part of the central bank, foreign exchange transactions exhibited less activity than what was initially expected during the trading hours following the said decision by the Federal Open Market Committee or the FOMC.
     
  17. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 20, 2016

    Italian Government Solicits €20bn to Support Their Struggling Banks

    The Italian government waiting for parliamentary approval to borrow as much as 20 billion Euro equivalent to 17 billion pound to backed up weak banking sector especially Monte dei Paschi. This puts pressure to the newly elected Italian Prime Minister Paolo Gentiloni afraid to suffer losses regards to bailout rules of European Union.

    He indicated that this serves as a preventive measure to protect savings. Also, Pier Carlo Padoan the Italian economy minister said that this would be used to induce liquidity in the banking industry to support troubled banks. They are looking for ways to pay losses incurred by retail investors.
     
  18. Apple ForexMart

    Apple ForexMart Well-Known Member Trader

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    December 20, 2016

    Oil Ends Up Near $52 BPD as Investors Monitor Return of Libyan Crude

    Oil prices ended up at nearly $52 barrels per day after investors shifted their focus to the possibility of Libyan crude oil supply returning as well as output cut returns in January following the recent agreement between OPEC and non-OPEC oil producers to cut back on oil production. The market is now expecting major cutbacks from major oil suppliers starting next year, with Saudi Arabia said to be planning to cutback smaller crude oil volumes being sold to Asia as compared to other regions.
     
  19. Apple ForexMart

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    December 20, 2016

    German Business Climate Hit A Higher Level in December

    The highly-regarded business climate index of the Germany published its data which showed an upbeat for the month of December, considering the economic indicator to attain its highest rate since February 2014. According to the quantification of Munich Institute for Economic Research (Ifo), the index amp up to 110.4 points last month and earned 111 points for December by which presented a better-than-expected result of the market and economists, the anticipated outcome is only 110.7 points.

    The Business Expectations Index is designed to gauge various sentiments regarding the probable profits from businesses for the following six months have increased up to 105.6 for the last month of this year and exceeded the 105.5 expectations.

    Clemens Fuest, President of the Ifo, said that the economic status of Germany had established a more stabilize position until the last month of 2016. The 48-year-old economist also mentioned that there is an increase in the indices of wholesale and industrial sales. In addition to it, various companies under the manufacturing sector also plan to expand its production for the following months.
     
  20. Apple ForexMart

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    December 21, 2016

    U.S College Graduates to Enter the 'Strongest Job Market’ in a Decade, says Fed Chair

    On Monday, the Federal Reserve Chair Janet Yellen spoke to the graduates of the University of Baltimore and leave the words “Get a college degree”, Yellen affirmed these to the young Americans because the U.S job market are becoming the strongest among other countries since the unemployment rate is as low as 4.6% since 2007. Moreover, policymakers also acknowledged the development in the economy for the previous week which made them decide a second-time rate hike after a decade.

    The Fed Chair also stated that the future of the job seekers seems positive, particularly for a college degree holder by which the unemployed college graduates is approximately 2.3%.

    She also mentioned the two important forces, improving technologies and globalization, to complete the formal learning of the higher education.

    Moreover, she did not discuss anything about her work regarding monetary policy.
     

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