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Canadian Prime Minister Justin Trudeau Approved the Construction of the Coast for the Liquefied Natural Gas (LNG).

After three years of regulatory approval, the LNG project were officially agreed. This is also the first major energy project of Trudeau ever since he was appointed less than a year ago. According to the Environment Minister of Canada, Catherine McKenna, the plan were granted after thorough reviews and series of conditions and that is to help lessen the greenhouse effect.

It is one of the biggest project that the country will uphold which will have an estimated cost CA$11.4bn ($8.6bn/£6.6bn). The terminal will be constructed in the northern coast of British Columbia. One of the leading oil company, Petronas will manage the energy project. This is also expected to subsidize CA$2.9 billion per year to Canada's GDP.

Andrea ForexMart, Official Representative

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Lagarde Favors Less Strict Trade Policies

 

The stricter protectionist trade measures slows down the current frail economy not only in United States but including other countries as said by the head of the International Monetary Fund, Christine Lagarde. She described it as an “economic malpractice”. Restricting trades would worsen the status of workers and families.

 

It has pros and cons for members of trades but considering present weak economy and bigoted politics, an open trading is more advantageous to all. However, if the trade policies are neglected, the opportunity for progress is lessened since global economy still needs it to drive growth.

 

 

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Andrea ForexMart, Official Representative

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Wells Fargo Temporarily Banned from Municipal Bond-Issuer California

 

The State of California will be suspending business relationships with banking firm Wells Fargo & Co. after the said firm went under fire for admitting that it had created millions of fake customer accounts in an attempt to hit the firm’s target sales. By banning the said firm, California will no longer be allowing Wells Fargo to handle its bank transactions and underwrite the state’s debt. The said suspension will be in effect for a total of 12 months and might possibly become permanent if the bank still refuses to change its banking practices. In addition, California will also be halting its investment deposits in Wells Fargo’s securities. State Treasurer John Chiang has already stated that California has replaced Wells Fargo with Loop Capital for two $527 million municipal agreements which is scheduled to be sold next week.

 

 

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Andrea ForexMart, Official Representative

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The current Money Fall contest has already started on October 3, 2016 and will end on October 7, 2016.

You can register for the next competition which will take place from October 10, 2016 to October 14, 2016 (Terminal time). .

Note:

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

Andrea ForexMart, Official Representative

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Use the most powerful, easy-to-use platform when trading forex. MetaTrader 4 enables you to track few charts simultaneously, trade directly from the chart, place orders, and manage multiple orders. The software is free and easy to install.

* Supports several trade size allocation methods
* MetaTrader 4
* Over 40 technical indicators
* Customizable interface

 

 

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Andrea ForexMart, Official Representative

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The current Money Fall contest has already started on October 10, 2016 and will end on October 14, 2016.

You can register for the next competition which will take place from October 17, 2016 to October 21, 2016 (Terminal time). .

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

Andrea ForexMart, Official Representative

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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.



 

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Weak Trades in China Slows Down Economic Growth

 

The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.

 

Andrea ForexMart, Official Representative

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Well, may I know about your trading spread facility! Actually, now I am using ECN broker TradingBanks and here I get narrowest trading spread service on all of trading instrument! I think low trading spread is one of the most important facility for retail Forex traders! This is way, I am interested on only where this facility is available!

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The current contest has already started on October 24, 2016 and will end on October 28, 2016.

 

You can register for the next competition which will take place from October 31, 2016 to November 4, 2016 (Terminal time)

 

Note:

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

Andrea ForexMart, Official Representative

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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 not agree regarding 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.

 

Andrea ForexMart, Official Representative

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China Reassures Investors to Impede a Six-year Low

 

Chinese Yuan is depreciating nearing a record low in six years. The government is finding ways to hinder the process and recover from this impending threat. However, the deputy Governor of People’s Bank of China (PBOC) said that there is no grounds for a relentless decline and they stopped it from happening.

 

China is giving off signs that the currency is being carefully monitored and investors should be careful in their trading positions against the currency. Despite this information, this would have much of an impact considering past connotations to the problem since the driving force is the appreciation of dollar.

 

The PBOC is saying if volatility arises, investors should not be agitated as they would definitely do something to stabilize the situation. China has already eased the local bonds and abandoned the necessity for inbound investment program quotas.

 

Andrea ForexMart, Official Representative

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Demand for Manufactured Capital Goods Weakened

 

The manufactured capital goods from America fell by 1.2% in September despite three consecutive months of gains. The demand for computers and other electronic products slowed down which is expected to affect business spending in the last quarter of the year.

 

Demand for new heavy machineries has been reduced because of the predominance of used construction equipments while the demand for transportation equipments declined by 0.8% that impelled durable goods lower by 0.1%. On the other hand, orders for electrical equipments and machineries including appliances has risen last month. However, this may shift course to a better predicament since the dollar appreciated as well as the oil and gas drilling activity has improved in the past months.

 

Andrea ForexMart, Official Representative

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Inflation Rate is Expected to Soar in 2017

 

The inflation rate is said to increase up to 4% in the second half if 2017. It is even higher than the forecast last August but the Bank of England is expected to further increase the rates. Although, there are obstacles in the economy that limits the growth.

 

The Consumer Price Index grew by 1% in September even higher than 0.6% increase in August, This has been the highest rate for almost two years caused by the higher costs of clothing, oil and hotel and is expected to increase the consumer prices in the next months to come that would only be transient. The last CPI inflation was back in 2011 that increased up to 4%. In effect, households will undergo changes in their standard of living which is worsen by the fall of pound. Moreover, this would suppress the consumer purchasing power.

Andrea ForexMart, Official Representative

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Gold, CHF Surges, Stocks Drop Amid Heightened US Election Anxiety

 

The stock market plummeted to its lowest levels since July, while the CHF surged along with gold prices due to an increase in market anxiety with only a week left before the US presidential election commences. As Trump edged past Clinton in the presidential polls, the prices of equities experienced a selloff with regards to high-risk assets, while the Mexican Peso (MXN) caused massive losses among the major currencies, especially since this particular currency is now seen as a gauge for the market’s sentiment with regards to the results of the elections. Safe haven currencies such as the CHF and JPY surged after traders sought to avoid high-risk investments. Treasuries held fast to its gains, while gold prices increased and reached its highest levels in over a month.

Andrea ForexMart, Official Representative

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The current Money Fall contest has already started on November 7, 2016 and will end on November 11, 2016.

You can register for the next competition which will take place from November 14, 2016 to November 18, 2016

Note:

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

Andrea ForexMart, Official Representative

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Rise in U.S. Employment Growth Impact on Fed’s Next Rate Hike 


The employment rate in US has a significant increase that would finalize the decision for the December rate hike from Federal Reserve. Nonfarm payrolls also added 175,000 jobs in the month of October higher than the 156,000 jobs in September. It is predicted that the unemployment rate will decline by one-tenth of a percentage point to 4.9%. The Labor Department will release its employment report this Friday morning.


Though the US central bank is expected to implement a rate hike this december, the results of the U.S. Presidential election will still have a weigh on the decision. On Wednesday, Fed announced that the interest rates will not be changed but there is higher probability for the next rate hike.
 

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The current contest has already started on November 14, 2016 and will end on November 18, 2016.

You can register for the next competition which will take place from November 21, 2016 to November 25, 2016.

Note:

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

Andrea ForexMart, Official Representative

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U.S. Dollars Strengthens Unabatingly That May Lead to Inflation

 

Greenback continues to surge with the unexpected win of Trump that signals inflation to take place sometime in the future. It climbed as high as 99.247 on Monday during Asian session from 97 handle prior to election. His principles advocated during his campaign such as protectionism, changes in immigration, infrastructures and debt spending set inflation back to the market at the same time, this would cause the U.S. Dollars to further appreciate in value. The U.S. 10-year Treasury yield rose more than 2 percent from 1.80 percent before election. This surge is expected to continue with short-term trend moves up, it is anticipated for U.S. Dollars to get stronger.

 
 

Andrea ForexMart, Official Representative

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Higher Volumes of Exports Boosted Japan's Economy

 

The Japan's economy have seen greater improvement from the month of July until September due to a higher number of international trades. The country's GDP escalated to 2.2% within three months. Japan is greatly concern about the anti-free trade rhetoric supported by the newly-elect US President D. Trump since it is expected that this campaign would bother the Japanese region.

 

Subsequent to the results of the U.S elections, the yen curtailed versus the dollar. Hence, the country's good became cheaper in abroad, this brought positive talks for the foreign exporters. The world's third-largest economy accumulated a better-than- expected result of 0.5% while the forecast showed 0.2% only. However, some analysts who stated that the nation is relying much on exports and considered that these are windfalls only.

 
 

Andrea ForexMart, Official Representative

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Better Global Economic Standing Despite Rise in Unemployment Rate

 

Recent data showed a 3% growth but this was because of short-term fleeting factors. The unemployment rate stayed low while the underemployment and long-term unemployment has increased with weakened nominal wage and inflation. This is in contrast of unemployment rates released by IMF saying that it increased were majority part-time.

 

Australia's economic status is performing better than other countries and it would get stronger if there will be more investments and invigorate business confidence. However if the investments remained subtle, company earnings would be affected and be in tension. Also, the consumer consumption would stay low if the job earnings would not increase.

 

The RBA should keep interest rate slow and maximize infrastructure spending to increase in employment rates in current global economic environment.

 

Andrea ForexMart, Official Representative

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Chinese Industrial Production Rose But Retail Sales Slowed Down

 

The economic activity of China was presumed to stabilize last month, however, retail sales fall off due to worries about the outlook of the US-China trade frictions under the administration of President Donald Trump. Moreover, the industrial sector performed a better-than-expected 6.1% growth in the month of October while the retail industry dropped an estimated 10% sales.  

 

China’s fixed-asset investment further acquire 8.3% increase for the past 10 months of the present year, this result exceeded the expectation from January to October seeing the government allocated infrastructure expenditures in order to reinforce growth as shown in the official data on Monday.

 

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Morgan Stanley Bank Gained $10m After Stocks Rallied

 

Morgan Stanley acquired more than 10 million U.S. dollars equivalent to 8 million pounds of shares after Trump’s victory in U.S. presidential election. Stocks rallied in effect of post election and the bank, Morgan Stanley collected as much as a fifth of their collated earnings as their highest for more than a year.

 

After the election, this has been the best performance as stocks recovered from 2008 to 2009 financial crisis. The market sees Trump’s campaign to elevate inflation of infrastructures and Federal Reserve’s fiscal policies that further boost banks turnover.

 
 

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The Highest-Ranking Russian Official Accused for Receiving $2M Bribe

 

The Economy Minister of Russia, Ulyukayev were accused for accepting payments after he approved the takeover of 50% stake of Bashneft to a giant oil company, Rosneft. According to the investigators, the Russian minister collected $2m (£1.6m) worth of bribe, however, Ulyukayev pleaded not guilty on the allegation.

 

Alexei Ulyukayev is considered to be the highest-ranking Russian official to be dismissed and arrested since the failed coup in 1991.

 

The minister was arrested Tuesday morning and expected to face eight to 15 years of imprisonment but he continued to denied the blame and described it as  “an act of provocation against a state official”. Moreover, the court allowed him to take a house arrest until January 15.

President Vladimir Putin take an immediate action and impeached Mr. Ulyukayev since the 60-year-old minister broke the trust of Putin. The acting economy minister recently appointed was Yevgeny Yelin.

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