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 Company News by ForexMart

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Andrea ForexMart
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PostSubject: Economic News   Mon Sep 25, 2017 10:59 am
Japan’s Manufacturing PMI for September Perk up


The manufacturing activity of Japan increased in September at its fastest pace within four months, along with the expansion of exports and domestic orders, indicated in a preliminary private survey on Monday, and further showed some signs of strengthening demand.


The Markit/Nikkei Japan Manufacturing Purchasing Managers’ Index (PMI) was able to grow to a seasonally adjusted 52.6 for this month versus the previously 52.2 in the month of August. The PMI remained on top of the threshold 50 that detaches expansion contraction from the 13th consecutive month and drove towards its highest level in May.


Annabel Fiddes, a principal economist at IHS Markit, conducted the survey and said that  “Firms signaled stronger expansions in both output and new orders amid reports of firmer demand both at home and abroad.” Fiddes also mentioned that the third quarter ended strong which provided positive signs for production for the following months, as business confidence picked up marginally since last month.


New export orders index expand from 51.3 to 53.1 initially.  The flash index for new orders climbed to 52.5 versus 51.9 results in August. PMI index output component further grew since August.

The PMI survey adheres with government figures issued last week, as Japanese exports in August perked up at its fastest in almost four years caused by the strong international demand. There is more evidence offered that shows Japan’s economy will continue growing.





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PostSubject: Economic News   Tue Sep 26, 2017 9:22 am
Oil Steady Gains Amid Pressure In Market Rebalancing


The oil market is under pressure because of a surge in U.S. dollar but kept their profits from the former session. This was mainly due to the major meeting from producers in Vienna which aims to rebalance their asset allocation.


Since the beginning of 2017, members of the Organization of the Petroleum Exporting Countries including other oil producing countries such as Russia reduced the output by 1.8 million barrels per day. This action is helpful in easing of global crude inventories towards OPEC’s target of the five-year average.


The London Brent crude for November delivery declined by 4 cents at $56.82 a barrel by 0614 GMT which is close to the highest rate since the third month of the year. On the other hand, the U.S. crude market for November delivery dropped by 10 cents at $50.56 but not too far from the latest four-month highs.


The WTI crude decreased to the same month of Brent futures reached $6.28 which has been extensive since August 2015 and further pressured damages incurred by the U.S. refineries following the hurricane disaster.


The dollar index rose by 1 percent against other currencies. The euro declined following the rally in Germany after the election which demonstrates support for the far-right party and prompted Chancellor Angela Merkel to be in opposition.

The energy minister from Russia publicized that there is no agreement yet on the extension of output reduction after March. Yet, this is anticipated before January and this decision is anticipated before the year ends.





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PostSubject: Economic News   Wed Sep 27, 2017 10:11 am
Chinese State-owned Firms Higher Gains Until August 2017


State-own companies in China had an increase in profit gains by 21.7 for last month compared to the same period for the year of 2016, as stated by the Ministry of Finance on Tuesday. The collated profits were 1.9 trillion yuan or $287.27 billion for the eight months of the year since January. As for the revenue, it climbed 15.5 percent to 33.08 trillion yuan. Yet, the debts of state firms soared 11 percent to 96.49 trillion yuan set side by side to the previous year at the end of August.





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PostSubject: Company News by ForexMart   Wed Sep 27, 2017 12:37 pm
ECN Technology


ECN Technology using your favorite trading platform.


What is ECN?


ECN, which means "Electronic Communication Network" is a process which grants direct access between market participants particularly the small traders (banks, investment funds, and individuals) and the top liquidity providers. By creating this direct link, clients are able to have an efficient and effective trading process which mitigates risk and maximizes profit opportunities. And because ECN technology eliminates the intermediary and dealers, clients have faster and cheaper trades.


Why should you choose ECN broker?


The ECN broker field is relatively new with fewer competition. It’s only now enjoying the popularity that it has due to the rising numbers of clients that are trading and realizing its benefits. And there are quite a lot of advantages that ECN offers. The following are just some :


Tight Spreads
Clients enjoy trade executions with tight spreads. This means that there are no limit or stop levels and traders can freely trade within the spread.

Instant Executions
ECN technology was developed to accommodate and process trades instantly. Using our system, clients are able to live stream, match orders, and receive immediate confirmation.

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ECN Brokers eliminate the need for intermediary desks and thus optimizing the trading process for a faster execution and quicker confirmation without re-quotes.

Direct Access
Clients are granted direct access to the top liquidity providers such as world-class banks and prestigious financial executions. This means they are able to trade on global liquidity.

Trading Strategy
With the ECN technology, traders can use any trading strategy they want, even scalping. There are no restrictions on this end.

Automated Trades
Trades using ECN technology are automated as the system searches and matches orders automatically. This optimizes the broker's work time.


What is ForexMart’s ECN Technology?


ForexMart’s ECN Technology allows for the clients to enjoy tight spreads, low commissions, and efficient executions. We developed a system that instantly searches and matches orders in real time. It automatically executes orders that fit your conditions. This ensures a quick and optimum trading experience.

Maximize your opportunities with ForexMart's ECN technology and enjoy the benefits t
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PostSubject: Economic News   Thu Sep 28, 2017 1:40 pm
Switzerland is the ‘Most Competitive Economy’ in World


On Wednesday, the World Economic Forum announced that Switzerland hailed the most competitive economy in the world for nine consecutive years. In 2008, the country suffered from a minor shock which enabled the United States to push the Swiss economy in the second spot, nevertheless, the Swiss Confederation was able to maintain the first place due to its adeptness as shown in the annual ranking of WEF.


Switzerland is on top for nearly a decade but the country is currently at risk due to populism and complacency.


Aside from Switzerland, the list kept unchanged since last year, except a little bit of shuffling. The United States was able to outpace Singapore for the second place, while Hong Kong is in the sixth rank as it successfully passed three places, going beyond Japan in the ninth place.

Moreover, the Great Britain lowered down to eighth and the WEF said, this fall has nothing to do with the Brexit process and the slide is already expected. The Chinese economy ranked 27th which is ahead of Russia on 38th and India on the 40th. In addition to it, Yemen is in the 37th position and the poor country got the wooden spoon amid their devastated status due to civil war, economic downturn, and widespread scarcity.





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PostSubject: Economic News   Fri Sep 29, 2017 10:25 am
Turkish PM Yildirim Agreed to Deal Oil Exports with Iraq


Iraq disclosed that it will only deal with the Turkey government when it comes to crude oil exports, according to the Iraqi Prime Minister Haider al-Abadi on Thursday. The support of Turkey with Iraq was discussed between the Prime ministers of both countries. Turkish Prime Minister Binali Yildirim phone call conversation entails the affirmation of supporting Iraq to “all decision” which he mentioned, in particular, the “restriction” of oil exports. Although, this was not deliberated in detailed.





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PostSubject: Economic News   Fri Sep 29, 2017 1:25 pm
BOJ Member Kataoka Suggests Monetary Policy Expansion


Japanese policymakers plan to expand the country’s monetary policies in the recent review in September that sums up the opinions of the Bank of Japan’s board members meeting on Friday. This implies that the divisions are improving directed by the policies.


Majority of the board members agrees to sustain the current stimulus program even if it would take time to reach the inflation target rate of 2 percent. Although, it was not clear who gave comments in particular and which direction it would go.


One member, Goushi Kataoka has expressed contradiction on keeping the rates and be hawkish instead, implying that the current policy is not enough to boost the inflation and reach the 2 percent target. He specifically mentions the need for an expansion of monetary easing since the sales tax are expected to be increased in October 2019 moving towards the goal.


Some members raised concerns regarding the serious problem of North Korea and how it would affect the country. A member commented that if the geopolitical tension further escalated, the BOJ has to be ready in handling the situation by making necessary policy adjustments to avert the deflationary idea.

The monetary policy meeting of the BOJ has kept its short-term interest rate target at -0.1 percent and a potential to set the 10-year government bond yields close to zero percent. The central bank already expects that the price target of the central bank would take some time and requires patience to keep the current policy.



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PostSubject: Company News by ForexMart   Mon Oct 02, 2017 12:19 pm
This week’s most popular deal:






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.
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PostSubject: Economic News   Tue Oct 03, 2017 1:16 pm
British Economy Soften in Third Quarter, says CBI


The growth in the UK private sector had reduced marginally during the third quarter, as mentioned in the industry poll issued on Sunday, amid the optimistic outlook of various firms in the following months.


The monthly indicator of the Confederation of British Industry for the output for manufacturers, retailers and services companies is down to +11, compared with the +14 for the three months to August. Even though there are mixed expectations, the overall data for the next quarter is anticipated to perked up to +18 which is two points from August.


The survey of the CBI signaled that it is impossible to persuade the rate setters of the BoE who stated that interest rates would increase sooner or later, in consideration of the continuous economic development and price growth.

The Office for National Statistics (ONS) mentioned last week that the British economy had an uptick on its slowest annual pace in 2013 subsequent to the EU exit in 2016. As indicated in the Reuters poll last week, many economists predicted that rate hikes will be in November while the other respondents believed that it is inappropriate to imply such action.





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PostSubject: Economic News   Tue Oct 03, 2017 2:39 pm
Australia’s Consumer Confidence Slightly Declined


The consumer confidence in Australia declined last week due to the current and future finances sentiment and risks on longer-term outlook remains.


The ANZ-Roy Morgan Consumer Confidence Index slipped by 0.6 percent to 113.4 during the week until October 1st, showing a positive sentiment to the economic situation offset by the decline in the prospect of households based on personal finances.


Moreover, consumers are confident regarding the current and future conditions of the economy and came in at 2.5 percent last and 2.0 percent accordingly. However, the household’s outlook is down to 1.6 percent.


Felicity Emmett, ANZ Senior Economist, stated that the financial condition remains above average in the longer-term even though its stability became shaky.  The index for buying household goods lowered down by 3.3 percent, as the increased last week eased off and keep below the long-term average. This coincided with the forecast on retail sales for the month of August which has the tendency to decline due to the recovery period.

Furthermore, expectations for inflation revised upward from 0.1 percent to 4.5 percent based on the four-week moving average.



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PostSubject: Company News by ForexMart   Wed Oct 04, 2017 8:38 am
Economic Calendar (October 3, 2017)


Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.


ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.





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PostSubject: Economic News   Thu Oct 05, 2017 1:59 pm
UK Inflation Ranked First Among The G7: OECD


According to the statistics issued by the Organisation for Economic Co-operation and Development (OECD), the cost of living in Britain increased faster compared to other countries, including the so-called ‘G7 leading global economies’. Based on the revealed figures, the British economy has the highest inflation rate among top economies of the world, as the Brexit weighed on the sterling pound and continue to put pressure on household finances.


Inflation in the United Kingdom rose to 2.9% last month due to a surge in prices of fuel and clothing which exacerbate the pressure towards cash-strapped households struggling with slow wage growth. The UK was able to overcome the 1.7% average, which is also greater than the recorded inflation of other G7 members (Canada, France, Germany, Italy, Japan and the United States). It also exceeded the OECD average percentage of 2.2%, this further indicates that Britain surmounted the European Union including other G20 nations, showing results at .5%, 1.7%, and 2.3%.

However, the Britons are currently facing poor wage growth and high expenditure on the back of a weaker pound. This is because of the Brexit referendum that heightened prices for energy, imported goods, and services. Furthermore, United Kingdom is only behind Estonia, Latvia, Mexico, and Turkey.





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PostSubject: Company News by ForexMart   Tue Oct 10, 2017 8:45 am
The current Money Fall contest has already started on October 9, 2017 and will end on October 13, 2017.


You can register for the next competition which will take place from October 16, 2017 to October 20, 2017.


Note:

Registration for the next competition finishes 1 hour before the contest starts.
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PostSubject: Economic News   Tue Oct 10, 2017 12:41 pm
Miscalculation of ONS Affected BoE’s Possible Rate Hike


The Office for National Statistics of UK further put pressure on the Bank of England over the issue of the rate hike next month after it lacks confidence to the pacing of the labor costs. On Monday, the official statistics agency admitted the mistakes made on its initial estimates for the growth of wage costs unit. The calculation is shown an annualized 2.4 percent in three months to June against the earlier published 1.6 percent on Friday.


The upward revision indicates that growth wages in Britain could be a driving force closely examined by Threadneedle Street, while there is a possible rate increase for the first time in the past decade. Moreover, the growing labor costs imply the strengthening of the economy, confirming a raise in interest rates.


The borrowing cost would likely boost from 0.25% to 0.5% and the committee for the monetary policy should decide whether the economy is capable to come up with the increase.


Regardless of the optimistic signs of the economy, there are varying prospects for a weaker scenario. As reports from the construction sector revealed signs for a possible downturn. While the Organisation for Economic Co-operation and Development, on the other hand, predicted that UK economy will slow-up in 2018.


Furthermore, analysts from Swiss bank UBS mentioned that the rate hike could worsen the potential reversal of the British economy due to Brexit procedures.

The wages of British laborers were not able to surge over inflation rate since the 1970s in spite of low levels of unemployment. However, salary growth is improving but fail to keep its pace due to a high cost of living brought by imports value relative to the sluggish pound.



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PostSubject: Economic News   Wed Oct 11, 2017 1:30 pm
Rise in German Exports and Bigger Trade surplus in August

Exports from Germany surpassed imports in August bringing the gap of the trade surplus wider and reflects the performance of the Europe’s biggest economy where it appears to be robust in the third quarter on Tuesday.

The exports were seasonally adjusted and climbed by 3.1 percent for October while imports got higher by 1.2 percent according to the data from the Federal Statistics Office. This has been the highest growth of exports in twelve months.

Overall, both exports and imports had operated better than anticipated. A poll from Reuters noted that the exports increased by 1.0 percent and imports ascended by 0.5 percent. On the other hand, the seasonally adjusted trade surplus gapped much bigger at 21.6 billion euros or $25.42 billion after adjustment on 19.3 billion euros in July. The reading from August was much elevated than the predicted figure of 20.0 billion euros from Reuters.

The wider account surplus shows the exchange of goods, services, and investment as it dropped to 17.8 billion euros and revised upwards to 19.6 billion euros in July which is not modified.
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PostSubject: Economic News   Thu Oct 12, 2017 1:41 pm
Canada Ahead Against G7: IMF Economic Growth Estimate for 2017

The Canadian economic growth increased the estimated value until next year of the  International Monetary Fund. It was placed in a higher ranking amongst developed countries.

The projected value of the country’s Gross Domestic Product for this year is 3.0 percent which is half a percent higher than the prediction in July. This makes Canada be on top of other advanced seven nations with the United States ranks at 2.2 percent growth since last year.  

The figures from the IMF were similar to the quotation issued in the previous month by the Organisation for Economic Co-operation and Development and assumed that the country would lead the G7 countries for 2017.

It was said that the reason for an increase in growth was the drop in oil and gas prices and further supported by the government and the central bank policies. For next year, the Canada is anticipated to move at a slower rate with an estimated figure of 2.1 percent growth year-on-year in 2018. Yet, this is still higher than 0.2 percent than the IMF July update and second-highest among the G7 with the United States at 2.3 percent.






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PostSubject: Company News by ForexMart   Fri Oct 13, 2017 9:47 am
Economic Calendar


Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.


ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.


A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.





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PostSubject: Company News by ForexMart   Fri Oct 13, 2017 11:26 am
ForexMart Cements New Partnership with HKM Zvolen


ForexMart has added a new industry giant in its growing list of partnerships with established sports companies: HKM Zvolen.


Hokejový Klub mesta Zvolen or HKM Zvolen for short is one of the most celebrated hockey teams in Slovakia. The professional hockey club has established a long rich history that can be traced back as early as 1927. The club has two Slovak league championship under its belt and the 2005 IIHF Continental Cup.


The partnership between ForexMart and HKM Zvolen has been an awaited collaboration with both companies enthusiastic for a prosperous relationship.


Executives of ForexMart expressed their optimism with the new partnership.


"Gaining a new partner in this business is a sign of enduring success for both parties. I am excited at the prospects of cooperation with HKM Zvolen because I see a future full of possibilities. We are ready to win not only in the hockey rink but also in business."- Savvas Patsalides, ForexMart CEO


"I've always believed that winning can only be achieved through hard work and solid teamwork, qualities that are the essence of both ForexMart and HKM Zvolen. We are proud of this partnership because just like them, we are in the business not only to win, but also to grow as a team with our clients."- Ildar Sharipov, ForexMart President


ForexMart and HKM Zvolen will launch collaborative projects that intend to promote both companies. ForexMart will also stand as sponsor of the hockey team with the HKM Zvolen players bearing the official ForexMart logo in their upcoming games.

ForexMart and HKM Zvolen awaits a bright future with this collaboration.





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PostSubject: Company News by ForexMart   Tue Oct 17, 2017 10:49 am
The current Money Fall contest has already started on October 16, 2017 and will end on October 20, 2017.


You can register for the next competition which will take place from October 23, 2017 to October 27, 2017


Note:

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





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PostSubject: Economic News   Tue Oct 17, 2017 1:36 pm
Japan’s LNG Infrastructure Offered to Asia


The government of Japan will disclose a public-private initiative amounting to $10 billion, its goal is to draw on the rapid expansion of liquefied natural gas infrastructure due to high consumption of fuel all through Asia.


The Nippon Export and Investment Insurance (NEXI) and Japan Bank for International Cooperation (JBIC) will serve as agents in engaging Japanese firms to investment plans aiming to establish LNG infrastructure as power plants and offloading terminals.


The minister of economy, trade and industry, Hiroshige Sekō, is scheduled to unveil the project in Wednesday during the  LNG Producer-Consumer Conference.  Leading officials such as the prime minister and cabinet members would likely be in the event, promoting relevant projects to different regions. Moreover, the plan is formed to improve the partnership between the United States and Japan. As shale gas production was withdrawn in the U.S which further caused an issue for finding buyers for the natural gas.


The arrangement between America and Asia to expand shale gas exports is anticipated to tackle at U.S.-Japan economic dialogue meeting on October 16 in Washington, hence the initiative is expected to achieve this goal.

The factor that confines growth of the LNG market is the agreements stating about the restricted reselling of fuel. Meanwhile, India and Japan are expected to sign an LNG cooperation on Wednesday making  LNG supply contracts flexible.



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PostSubject: Economic News   Thu Oct 19, 2017 8:50 am
Significant Impact of Reversing Brexit on the UK Economy is Possible


According to the world’s leading economic think-tank, the reversing Brexit is expected to cause a positive and significant impact towards the British economy, issuing an extreme warning on the possible consequences of EU exit.


Based on the report that highlighted the weak economic growth of UK since the referendum last year, the Organisation for Economic Co-operation and Development (OECD) warned of the possible risks in establishing an essential trade deal with the European Union.


The UK economy has the tendency to hinder its progress by a disorganized Brexit, in case of a failure of Brussels negotiations. This could further push the sterling pound lower resulting in a failing credit rating in the UK. Also, it underlined the uncertainty of Britain to break up whenever Northern Ireland and Scotland consider again their fate in the EU due to Brexit.


José Ángel Gurría, the OECD secretary general, advised that increasing inflation triggered by the sluggish pound would likely stall investments and expenditure. While the government should not create new barriers within EU and UK.


On the other hand, Chancellor Philip Hammond persisted that actions from the government relative to the referendum provided necessary confidence for businesses.


At the same time, British Liberal Democrat Jo Swinson addressed that the report caused vindication to the call of her party regarding a new referendum that offers an “exit from Brexit.”
While according to Shadow Chancellor John McDonnell, the report depicted a “damning picture” about the economic management by the government coupled with the Brexit process.


Moreover, the most recent United Kingdom OECD Economic survey forecasted growth in the economy by 1% next year, this projection could get worse without free trade agreements. The EU exit exacerbates the demand to renew employment productivity growth, considering the statement from the OECD that it remained steady and failed to manage any meaningful contribution to British output since 2007. Hence, this is the weakest data outside South East England and Greater London.

The differences among regions and labourers could lead to a significant distinction between people with regards to profits and resources, work and income and skills and education.



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PostSubject: Company News by ForexMart   Thu Oct 19, 2017 10:42 am
Economic Calendar


Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.


ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.





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PostSubject: Economic News   Fri Oct 20, 2017 10:25 am
ECB’s Asset Reduction of €40B Starting This October


On October 26, the European Central Bank is scheduled to reduce their monthly asset purchases to 40 billion euros from 60 billion euros as reported from the poll of Reuters. The results were divided on whether it will last for six or nine months following the program.


The E.U. is undergoing the “best” momentum in growth for a decade yet, the inflation is kept at 1.5 percent and it is still lower than the target of ECB at almost 2 percent. The anticipated figure is hoped to be maintained until at least 2019.


The central bank is put under pressure by some members of the ECB’s Governing Council to send some signal with the intention to take it easy and put an end to their quantitative easing program since the general economic situation in the eurozone has already improved.


Moreover, a more impactful action of the ECB is putting a limit on the amount of debt which is about to be attained by the central bank despite more than two years of purchases worth greater than 2 trillion euros consisting mainly of government bonds. The set limit on the allowed debt is permitted in some countries. This implies that the central bank would not augment the guideline and does not have much of a choice but to trim its purchases and strive to oversee the objective as much as possible.


The chief economist of ING described the October meeting to be one of the “greatest balancing act” since. The ECB needs to cut its bond purchases as a solution to the shortage problem but at the same time, they have to maintain a loose inflation target. Moreover, he said that they have to make an effort in publishing the report and to prevent from the misconception of being overly hawkish which makes easing a problem in this stance.


A survey in a much larger stand including more than 100 economists last October 11 to 17 has indicated growth in comparison to the former polls. Although, it has been forecasted that the eurozone growth will be sluggish next year and keep the inflation forecasts the same or lowered.
A total of 45 economists mentioned as an additional question on its most recent poll saying that the ECB will push through the reduction program in the October meeting. The target amount of reduction for January is assumed to be at a bigger value ranging from 5 billion euros to 40 billion. The median was lessened up to 20 billion euros.
Forecasts


The predicted growth for the eurozone economy is 0.5 percent in the previous quarter similar to the present whilst there was 0.6 percent in the second quarter. Overall, the Average whole year growth was predicted to be at 2.2 percent for this year from 2.1 percent forecast in September.
On the other hand. the predicted inflation rate was an average of 1.5 percent for the year and 1.4 percent the year after which has been kept the same from the survey in the previous month.

As for the forecasts for big countries, they were all revised higher according to the most recent survey. The biggest economy in Europe, Germany, is anticipated to grow 2.1 percent this year and 1.9 percent the following year. This was revised up compared to the July poll estimates of 1.8 percent in 2017 and 1.7 percent and 2018. Moving to France, the prediction was also revised from the previous one with an average forecast of 1.7 percent until 2018. Nevertheless, this is still on the track of Macron’s government projections.





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PostSubject: Company News by ForexMart   Mon Oct 23, 2017 11:47 am
The current Money Fall contest has already started on October 23, 2017 and will end on October 27, 2017.


You can register for the next competition which will take place from October 30, 2017 to November 3, 2017


Note:

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





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Andrea ForexMart
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PostSubject: Economic News   Thu Oct 26, 2017 9:00 am
Unemployment Rate in France Drop in September


The total unemployment figures of France reduce in September based on the records from the Labour Ministry issued on Tuesday. This encourages French President Emmanuel Macron to execute further efforts to improve the job market.
The number of unemployed individuals in the mainland France was lowered down by 64,800 last month, this is the largest decrease since 1996.
The 1.8 percent drop after a month and 0.5 percent within a year resulted in a total of 3,475,600 jobless people which is the lowest level from the month of April.
The improvement was achieved due to reform efforts by Macron’s leadership that created more jobs and increased growth.


President Macron is considering the reduction of unemployment in the country down to 10 percent for years, overhauling the rules of labor industry last month. This could be followed by some changes in unemployment benefits and professional training subsequently.
The business confidence of France also perked up since Macron’s victory in May elections. The French politician pro-business reform agenda tend to shift company’s activities upwards in order to manage robust demand, according to a survey published on Tuesday morning.
Moreover, the emergence of new businesses led companies to hire additional workers in October which could regulate rising backlogs, hence, this is the fastest pace recorded in a decade based on the monthly purchasing managers survey.

On the other hand, industrial firms reported that their efficiency is moving towards the highest levels prior the outset of 2008-2009 global financial crisis indicated in a quarterly survey by the INSEE statistics agency on Tuesday. The expanding number of companies seems struggling to keep up with the demand. There are 32 percent of managers who admitted facing some congestion in the production system. This could be a positive indicator for the job markets considering that companies are forced to take more laborers in order to cope the demands of the client, therefore, reducing the unemployment rate.





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