Company News by ForexMart

[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.

[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.

 

[Andrea ForexMart]

 

New Zealand Inflation Came in Strong in the First Quarter

 

The inflation rate of New Zealand soared unexpectedly as much as 2.2 percent in the first quarter which is the top-level over five years. Yet, the central is still committed keeping the interest rates low. Hence, the consumer price index (CPI) hovered in the middle range of the Reserve Bank of New Zealand's (RBNZ) within the 1 to 3 percent target range which they have attempted to lift higher for more than a year. The CPI ascended to 1 percent in the first quarter exceeding the expected 0.8 percent which also transposes the annual growth of 2 percent by analysts.

 

This hike in inflation was influenced by short-term gains because of high oil and food prices, a tax hike on alcohol and tobacco and the increasing costs of housing construction. The inflation is ascending although at a sluggish pace which keeps the RBNZ heedful according to the senior economist of the Australia and New Zealand (ANZ) bank.

[Andrea ForexMart]

 

March and June Fed Rate Hikes Possible, According to Economists

 

Several economists are speculating that the US Federal Reserve could possibly be in for two more rate hikes this coming March and June, with the central bank possibly increasing its short-term rates within the week and another rate increase during the Fed’s meeting this coming June. Fed officials have maintained their current rates after they increased their federal funds rate last December 2016. The central bank had already penciled in a total of three possible hikes for this year but refused to indicate the exact date of the implementation of these said rate hikes.

[Andrea ForexMart]

 

The current Money Fall contest has already started on April 24, 2017 and will end on April 28, 2017.

 

You can register for the next competition which will take place from May 1, 2017 to May 5, 2017

 

Note:

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

[Andrea ForexMart]

 

China’s Bullish GDP Growth Stabilizes Yuan

 

The first quarter data of China has come out after a solid positive gain causing a slowdown in capital outflows to stabilize the currency following a selloff last year. They are optimistic to attain the 6.5 percent GDP growth for this year as mentioned by the Finance minister Xiao Jie. This is a good signal indicating the strengthening of yuan and capital flows are gaining back by the country.

 

The interest rates are moving in an upward direction despite tighter policies to curb the fast growth of credit hampering the economic progress. Yet, economic growth advanced faster-than-expected 6.9 percent in the first quarter, weakening capital outflows and more stable cross-border flows have strengthened yuan substantially. This has then eased the pressure regards to Foreign exchange reserves as it retreated with the surge of the greenback.

 

However, further tightening cannot be ruled out as it may change again abruptly especially when the currency come again under pressure with the global appreciation of the U.S. dollar.

[Andrea ForexMart]

 

Asian Stocks Abated Due to High Risks

 

The appeal of Asian stocks to investors has subsided because of political and economic risks that overshadowed continuous returns over the past 26 years. Asian business has been good in the second half last year up to early this year and is the impetus is slowing down soon.

 

This put the Asian equities for a sell-off as investors have become cautious compared a few months ago. Moreover, political elections in Europe and profit taking in the U.S. bring in corrections that are not good. Another concern is the decline in cyclical upswings in China and the United States which has a big effect on global trading including equities of Emerging market.

 

Nevertheless, investors do not totally leave despite the high costs of stocks compare to other emerging markets but are still lesser cost than developed markets. The analysts forecasted earnings to rise by 17% this year.

[Andrea ForexMart]

 

March New Home Sales Surge by 5.8%

 

The new home sales data reading for March saw a drastic increase, clocking in at a 5.8% surge, an indication that the demand for new homes are now gaining momentum as the peak selling season commences. The March reading for new home sales data is the highest level since July 2016, wherein home sales data peaked its highest within a 9-year period. Economists are now anticipating that new home sales could possibly continue climbing up within the year as more buyers are now returning to the marketplace for starter homes.

[Andrea ForexMart]

 

NAFTA Dangers Sends MXN Plunging

 

The Mexican Peso (MXN) is now about to record its lowest drop within a five-month period following reports that the Trump administration is planning to pull itself out from the NAFTA agreement. There are now reports that the White House is currently drafting an EO which will enable the said withdrawal and could be released either within the week or next week. This caused the Mexican Peso to crash by 2% against the USD, the currency’s largest daily drop since its previous drop against the CAD last November. A weak MXN could spell bad news for the US economy, since this will mean that Mexican exports will be more affordable as compared to US exports.

[Andrea ForexMart]

 

The current contest has already started on May 1, 2017 and will end on May 5, 2017.

 

You can register for the next competition which will take place from May 8, 2017 to May 12, 2017.

 

Note:

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

[Andrea ForexMart]

 

Winners for the week of April 10 - April 14, 2017:

 

Rank 1:

Rurik14

Acct. No.:

1024331

City:

Naberezhnye Chelny

==========

 

Rank 2:

NM20

Acct. No.:

1024390

City:

Grimancelos

==========

 

Rank 3:

oleg001

Acct. No.:

1024181

City:

Kazan

==========

 

Rank 4:

Alex70109

Acct. No.:

1024288

City:

Borovaya Kharkovskoy oblasti

==========

 

Rank 5:

Sergey10766209

Acct. No.:

1024319

City:

Volosovo

[Andrea ForexMart]

 

Greetings!

 

ForexMart would like to invite you to take part in the ShowFx World Expo at the Congress and Exhibition Complex, “The Park” in Kiev, Ukraine on May 20-21, 2017.

 

Participants to the conference will get the chance to learn personal finance management from some of the world’s top financial experts, take part in workshops and seminars, which covers several aspects of trading from leading trading professionals. Guests will also be able to join raffles and win giveaways from event organizers.

 

In addition, ForexMart representatives will also be more than happy to inform attending clients to the ShowFx World Expo with regards to the latest developments within our company.

 

Admission to the ShowFx World Expo in Kiev is free.

 

See you at the Expo!

 

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.

 

Warmest regards,

 

ForexMart Team

[Andrea ForexMart]

 

RBA Maintained Current Rates Amid Wage Risks

 

The Reserve bank of Australia kept their rates unchanged for nine succeeding months on Tuesday which is not surprising following the risks of household debt, meek progress in inflation and wage. The RBA decided to maintained the rates at a rock-bottom of 1.5 percent after the decline in August and May last year while most economists have foreseen that will be sustained this week.

 

The central bank is sanguine in the economy but maintains a mixed labor market. Although the wages growth anticipated being sluggish for some time. The price inflation lingers above 2 percent in the previous quarter for the first since 2015 although the objective of the RBA is to keep inflation rates below 2 to 3 percent but higher than 3 percent in the next few years.

RBA Governor Philip Lowe mentioned that there is no need for further stimulus since the low cash rates have affected household debt which will not be favorable for the “national interest”.

[Andrea ForexMart]

 

U.S Economy Probably Expand by 3% in Two Years, Says Mnuchin

 

According to Steven Mnuchin, U.S Treasury Secretary, the economic growth of the United States could possibly grow by 3 percent in two years upon implementing the restoration of the regulatory reform and tax system and offering better trade agreements.

 

The job market of U.S revived gaining 12 percent increase in the prices of stock considering the fact that the election of Trump coupled with the consumer sentiment reached the highest peak in 16 years have painted a positive illustration of the economy.

 

In spite of that, the economy improved on its weakest pace within three years acquiring 0.7 percent in Q1 as it highlighted the dispute that the government dealt with as it aims to attain an annual growth higher than 3 percent.

 

Moreover, the administration of Trump had established the overhauling of the tax rate system labeled as the largest revision in history, since this is on the top list of their legislative program.

 

The plan was already published previously, it further contains the proposal for trimmed taxes intended for the citizen and businesses, creating comprehensive filer system and prohibiting the rich from loopholes. The package is expected to be signed and put into law within the current year.

 

On the other hand, the International Monetary Fund have given its forecast that the world's largest national economy will bolster hitting 2.3 percent in 2017 while 2.5 percent for next year.

[Andrea ForexMart]

 

Stronger  Indian Rupee Provided Positive Impact to Masala Bonds

 

The Indian Rupee (INR) strengthened against the American dollar, while the masala bonds could take advantage with Indian firms who are looking to increase funds.

 

The masala bonds had a considerable growth even the latest fiscal together with the ICRA projected that the trend will persist particularly for firms without any natural hedge that could reduce risk from foreign currencies engaged in the external commercial borrowings (ECBs).

 

During the 2017 fiscal year, the rupee-linked bonds hold at t Rs 30,620 crore by which other country’s currency dropped to Rs 1,740 crore compared with the previous FY with Rs 2,440 crore.

 

According to Karthik Srinivasan, Senior VP of ICRA said:  “With their cash flows denominated in Indian Rupees, many of the borrowers of ECBs don’t have a natural hedge against foreign currency risks inherent in that instrument."

 

Moreover, the national currency of India rose by more than 5% versus its U.S peer, this caused for theIR to be the top performer among its rivals.

 

The commercial banking company further anticipates an aggregate  FII debt inflows worth $5-10 billion inclusive of RDBs amid FY18.

[Andrea ForexMart]

 

As Unemployment Rate Drops, US Economy on its Way to Recovery

 

The US Labor Department has released its US job report for April, wherein it indicated that business had topped up a total of 211,000 jobs last month, a far cry from March’s reading of only 79,000 jobs. This upward trend in hires has confirmed market projections that the country’s overall economic growth is well on its way towards a significant recovery. Economists are now saying that this evidently very strong economic data for the country signals that consumers might soon have the power to amplify their spending habits during the second quarter of 2017.

[Andrea ForexMart]

 

Oil Cut Production May Extend Beyond 2017, Says Minister of Saudi

 

Khalid Al-Falih, oil minister of Saudi Arabia showed confidence with regards to the deal to limit output for crude oil and the oversupply reduction is going to be extended within 6 months or more.

 

Al-Falih further discussed during the Asia Oil and Gas Conference held in Kuala Lumpur last Monday that the growth of U.S shale production together with the closure of refinery maintenance have lessened the effect of cutback led by the Organization of Petroleum Exporting Countries along its associates. Moreover, manufacturers are driven enough to achieve their target to drop in their bloated gasoline supplies. Nevertheless, he believes the world oil supply could still realign and revive its former healthy state.

 

The increasing U.S production place worries towards OPEC and its allies as it fails to minimize the market glut and expansion of prices.

 

The gains of oil were erased since the agreement made in the previous year to curb output. The OPEC meeting held in Vienna attended by various nations further supported the 6-month deal for the extension which will start in January. It would be the first time that the minister of Saudi to propose the extension beyond 2017.

[Andrea ForexMart]

 

Euro Fell Against the Dollar in the Post-French Election

 

The common European currency tumbled on Monday from its highs due to the triumph of centrist wing Emmanuel Macron. As investor received an estimate of 3% of profit after Macron won a couple of weeks ago.

 

The loss of the populist candidate, Marine Le Pen ended the worries of investors about the radical change subsequent to Brexit and Trump’s election last year in case that Le Pen won.

Based on opinion polls, Macron had a consistent point which is roughly 20 percent and his triumph on Sunday was a great surprise.

 

During the early trades of Asia, the euro surge reaching $1.1024 which is its highest rate since November 9. It further increased on its one-year high touching 124.58 yen versus its Japanese peer while hitting a five-month high jumping to 1.0886 against the Swiss franc.

However, amid morning session of Europe, it declined by 0.4 percent to $1.0953 vs the greens and 0.6 percent to 123.26 against the yen.

 

The political risk linked with Le Pen were already removed, the risk involves the pledge that France will be taken out from the European region. As the risk was eliminated, the focus turned to the economic fundamentals along with the monetary policy normalization of EU and U.S.