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Senior Member Posts : 216 Join date : 2017-08-23

The current Money Fall contest has already started on August 21, 2017 and will end on August 25, 2017.

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Senior Member Posts : 216 Join date : 2017-08-23

The current Money Fall contest has already started on August 28, 2017 and will end on September 1, 2017.

You can register for the next competition which will take place from September 4, 2017 to September 8, 2017

Note:

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

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Senior Member Posts : 216 Join date : 2017-08-23

Fastest Growth of US Economy During the Second Quarter

During the January-March quarter where US President D. Trump was already in the position, America’s economy was able to grow by 3% based on the updated estimates issued by the administration on Wednesday. This is the strongest growth recorded since Q1 of 2015 which doubled the pace of the first three months 2017, it also provided a much accurate estimate for the Q2. While the government gauged that second quarter growth will gain 2.6% in July, initially. The economic momentum was influenced by robust consumer expenditure and stronger business investments. President Trump pledged during his campaign for a 4% growth, but later on reduced this to 3%.

Moreover, the White House aims to improve the slow recovery from the general economic decline by lowering down taxes, cutting deregulation while increasing infrastructure expenditure. Until now, the economic agenda of Trump still unable to settle in the Congress

Nevertheless, the American economy seems to be healthy, mainly on employment. Hiring for private employers was increased in August with 237,000 additional laborers, based on the ADP assessment released on Wednesday.

Company News by ForexMart Fastes11

Senior Member Posts : 216 Join date : 2017-08-23

The current Money Fall contest has already started on September 4, 2017 and will end on September 8, 2017.

You can register for the next competition which will take place from September 11, 2017 to September 15, 2017

Note:

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

Senior Member Posts : 216 Join date : 2017-08-23

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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.

Senior Member Posts : 216 Join date : 2017-08-23

Positive Corporate Australian Rates; Rise in Wages for Q2

This has been the largest rise in salaries and wages in two years for the past quarter with an optimistic outlook to consumer expenditure yet the decline in inventories has influenced the general economic growth.

The gross profit of companies has dropped by 4.5 percent within the months of April to June after a growth of 6 percent in the beginning when profits soared to historic levels from Australian Bureau of Statistics on Monday. Mining has been affected by the decline of greater than 15 percent at pre-tax level.

On the other hand, salaries and wages climbed to 1.2 percent or A$1.6 billion in the second quarter implying that employees also benefit from businesses. The Gross Domestic Product scheduled on Wednesday was predicted to imply advancement of 0.8 percent worth A$1.7 trillion in the Australian economy as it recovered from a slow rise of 0.3 percent for the period of January to March. Overall, the yearly growth is noted to be subdued with 1.9 percent.

The growth rate of the Reserve Bank of Australia for 3 percent in the succeeding years with the low mining ventures that has been dwindling down for a protracted period while costly prices of commodities traded internationally affect the economy.

The RBA will have its policy meeting for September on Tuesday which is presumed to maintain the current borrowing rates at 1.5 percent since August in the previous year.

Company News by ForexMart Positi11

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Economic Upturn of Euro Benefited the British Manufacturers

Reports in the British factories shows huge volume of book orders which are triggered by the sluggish pound after the Brexit referendum plus the robust economy of the euro zone.

According to the survey on business expectations for Q3 in 2017, shows an increase of 34% in output among companies polled by business advisory firms, BDO and EEF which are the manufacturers' body. It presented an expansion from 26% in the past three months.

Based on the report, order books further reached record levels due to higher demand levels from overseas. As 47% of the companies deemed that EU exports grew during the third quarter compared in 2016. Meanwhile, the demand from Asia and the United States also helps negate the relative weaknesses in the UK brought by Brexit.

Moreover, the decline in the pound’s value led to a surge in various economic prices since the EU exit raised costs for imports. This also helped UK products to be more competitive in foreign lands.

It’s been awhile before the exporters gained the benefits. As shown in the report, the demand bolstered by the expansion of economic growth in Europe which weakened the economic performance of UK during the financial disaster until this year.

Company News by ForexMart Econom11

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Greenbacks Weakened as Japanese Yen Strengthened

On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.

The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.

The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea

The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.

The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.

Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.

Company News by ForexMart Greenb11

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Britain is Certain for a Post-Brexit Immigration Policy

The Britain intends to push through a balanced policy on immigration when the Brexit was finalized and left the European Union. They intend to look for highly-skilled workers while attempting to push the general statistics to move lower according to the Defense Secretary Michael Fallon on Wednesday.

A certain publication disseminated a government document on Tuesday that is supposed to be private where the scheme to lower the number of skilled workers E.U. in Britain after Brexit in 2019.

The defense secretary also noted that final plans later will be published later this year. They wanted highly-skilled people to come over their country and will open doors. At the same time, British companies are anticipated to be able to train their fellow British workers as the public also agrees with the concept of controlling the immigration instead of totally closing doors. Needless to say, they voted for Brexit referendum.

Company News by ForexMart Britai12

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German Economy Slacken Due to Increasing Radicalism

After more than two decades of reunification, the former Communist east moved slowly behind the west German states, according to the government. It also showed some warnings regarding social gap and the risk of being radicalized.

The high employment record, improved job security, and increasing wages bolstered the consumer-driven growth of the German economy. This helped Chancellor Angela Merkel to gain the victory for her fourth term in office during the federal election on September 24.

As shown in the annual report of the government, the current status of German unity indicate rising level of life satisfaction in the east for the past decade, however, the division between the economic strength of the east and west is tightening very slowly.

The GDP per head in the eastern states slacken against the west by 27 percent, while jobless rate came in at 8.5 percent in 2016, this surpasses the national average at 5.7 percent as laborers receive lower salary.

The East Germany strongly supports the anti-immigrant Alternative for Germany (AfD) party because of its role during public angst as many refugees dominated the country, transferring jobs and resources from Germans.

Company News by ForexMart German11

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Economic Calendar (Friday, September 8, 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.

Company News by ForexMart Econom11

Senior Member Posts : 216 Join date : 2017-08-23

The current Money Fall contest has already started on September 11, 2017 and will end on September 15, 2017.

You can register for the next competition which will take place from September 18, 2017 to September 22, 2017

Note:

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

Senior Member Posts : 216 Join date : 2017-08-23

Australian Dollar Up Against the USD due to Hurricanes

The national currency of Australia is predicted to maintain its stance near the two-year highs, as the American dollar is expected to be under pressure due to economic downfall assessed by investors in line with the destructive hurricane that hit the shores of Florida.

On Friday, the Aussie dollar was able to reach its highest level since May 2015 while investors are preparing for further impact by Hurricane Irma as the forecast says, it will slam the Florida Keys along with some flooding in Florida’s Gulf Coast.

Lloyd’s of London fears for the possible insurance losses worth $US 200 billion ($248.22bn) as tropical cyclones brush off through the coasts of the United States and the Caribbean.

The reversal in the residential construction activity seems evident, as Westpac chief economist Bill Evans worries about the declining growth outlook based on the Reserve Bank’s report regarding monetary policy previously.

The bank further mentioned the increasing charges of stamp duty from foreign investors, as well as funding restrictions and Chinese government restraints that mainly influence future developments, particularly on international companies.

On Thursday, job statistics for this month will provide a break point for markets and the NAB’s economics team anticipates for a strong and steady month of the jobless rate at 5.6 percent. While tomorrow is scheduled for the publication of the bank’s Business Survey which would likely continue to show solid levels of business confidence. Moreover, the Westpac consumer confidence index will be issued on Wednesday and expected to remain weak. It should be watched carefully because of the impact cause towards the retail-exposed stocks, as the dollar seems trading actively.

The greenbacks were able to lose its gains on the back of touching its two-year high at US81.25c last Friday, however, it closed over the critical level of US80c.

Company News by ForexMart Austra11

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C$ Rose as Canadian Bond Yields Increased

The Canadian currency strengthened yesterday against the American dollar, for it gained support from Canadian bond yields on the back of the sudden decision by the central bank last week regarding the rate hike that shocked investors.

This is because of the series of strong economic news that triggered the Bank of Canada to increase rates for the second time after three months, but this action bolstered the loonie to reach almost 2 percent higher.

Moreover, the two-year yield surged by 99 basis point in May and was able to achieve its highest level at 1.643 per cent recorded on June 2011. The yield is currently at 1.548 percent.

The loonie is trading at $1.2119 (82.52 U.S. cents) to the US dollar and is higher by 0.3 percent. The Canadian currency successfully outperformed its major counterparts and trades within the marks of $1.2098 to C$1.2170 and reached its strongest stance at C$1.2063 since May 2015. The prices of government bonds declined below the yield curve due to lowering demand for safe-haven government bonds.

While the 10-year yield slumped by 35 Canadian cents (2.025 percent) and obtained its highest intraday at 2.042 percent on July 31st.

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German Economy Gained More Than Two Percent in 2017, says BDI

The economy of Germany is expected to increase by more than 2 percent this year, with further adjustments on calendar effect According to the BDI industry association, this could be the strongest rate in six years after increasing its growth outlook for the biggest economy of the European Union.

The forecast comes after a muted message by the Economy Ministry, stating that the country might have slower growth during the second half amid the breakthrough for the first half.

The German economy would likely have an upswing due to consumer-driven factors including the extremely low borrowing costs, high level of employment and increasing real wages.

Moreover, these factors may support Chancellor Angela Merkel to gain victory for her fourth term during the federal election on September 24.

The ministry is very careful before publishing any forecast as indicated in its monthly report, stating that the development will continue until December but it is possible that dynamics will weaken.

So far, the growth forecast for this year remains unadjusted at 1.5 percent by which will be revised to 1.8 percent due to calendar-adjusted basis. However, analysts hope that the government will further lift the rate in autumn.

Company News by ForexMart German10

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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 or you can contact our customer service at support@forexmart.com

Senior Member Posts : 216 Join date : 2017-08-23

Collaboration of Indian and Japanese Economy

The Prime Minister of Japan, Shinzo Abe will visit India to begin the bullet train project, as well as to improve the commercial ties between Japan and India, especially in the field of development and defense.

The scheduled arrival of the Japanese PM is on Wednesday and intended to stay for two days to discuss trade dealings along with the annual summit involving the two countries. PM Abe and PM Narendra Modi are working on the 508-km long rail bullet train project called as the Mumbai-Ahmedabad High-Speed Rail, and the two leaders will design the foundation stone on Thursday. This project is estimated to complete by 2023 with an entire capability to run by 350 km per hour.

The Japan Investment Cooperation Agency (JICA) financed this project by 80 percent as a soft loan with a very low-interest rate on a 50 year period. It could further lessen the time spent in traveling from Mumbai to Ahmedabad which is from seven hours down to two hours time travel. The remaining Rs 9,800 crore amount of funding will be carried by Indian Railways, which makes this project an expensive one.

Japan’s Shinkansen Technology will fly to India and made advancement under the scheme of Make in India, says Railway minister Piyush Goyal.

Company News by ForexMart Collab10

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Emerging Markets Shift To Domestic Bonds

The bond market became stronger amid all the external shocks and rise in general levels of debt in the emerging market as investors shifted to longer-dated bonds and domestically-issued bonds.
It has been forecasted by the Bank for International Settlement that the rise in debt levels would become a new problem which has been forewarned before. Although, the changes would still depend on the structure and assuage the problem at hand. Nevertheless, borrowing is mostly executed in local currencies at long-term maturities with a fixed rate. Foreign bonds declined from 32 percent since the end of 2001.

These would reinforce the viability of public finance and lessen rollover risks and imparity of currencies as stated by the BIS. Longer tenor bonds would result in higher bond yields internationally since advanced countries implemented loose credit policies and interest rates would push the price lower for long-dated bonds compared to short-term tenor.

According to the most recent report on Sunday, the government debt in emerging markets is aggregated to be at $11.1 trillion which has doubled in value since the latter part of 2007. On the other hand, the public debt partly contributing to the gross domestic product soared by 51 percent and 10 percentage points higher by the end of 2007. At the same time, statistics showed that bond maturities have firmly increased over the emerging markets with the average maturity of 7.7 years including 23 countries such as Mexico and South Africa. Notably, this is just a bit lower than the average figure in 8 years among industrialized nations.

Company News by ForexMart Emergi10

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Economic Calendar (Wednesday / September 20,2017)

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.

Company News by ForexMart Calend10

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France’s Budget Easing Amid Steady Economic Growth

The path to recovery of France is strong that the government could reduce spending without affecting the rise of the deficit and the budget as reported by the finance minister on Monday. Twenty billion euros is the target amount of the government but this figure could still be trimmed if there will be a stronger growth and less tightening in the budget next year. On the other hand, the estimated value of cuts for next year will be 16 billion.

In the past, former governments were criticized on their excessively high growth forecasts which are reflected on budget and deficit-reduction. According to the Budget minister Gerald Darmanin, the basis of the initial budget for the President Macron’s administration is the forecast of 1.7 percent. Although he said that this could still improve but this what the current economists anticipate. The assumed 1.7 percent is slightly higher from the previous government forecast of 1.6 percent which is deemed to be the strongest economic performance since 2011.

In the current condition, the government has minimal options but to be stricter in order to achieve the promise of reducing the public deficit and also to lessen tax burden of the nation.

Company News by ForexMart France10

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NZ Economy Expansion, Rise In GDP Q2

The seasonally adjusted Gross Domestic Product of the New Zealand increased by 0.8 percent in the second quarter as reported to the data on Thursday. It was updated from 0.6 percent in the previous quarter. On the other hand, the annual GDP remained unchanged at 2.5 percent.

This increase was mainly due to the high demand in tourism as more travellers visit the country primarily to take part in the British and Irish Lions rugby tour and the World Master’s games. At the same time, both the retail spending and hotel bookings went up by 2.8 percent.

A senior economist predicted that the next quarter will reach the peak of growth with the sudden flock of people in tourism as an initial boost and “rebound” in transport and agriculture sector. Although, the 0.8 percent quarterly increase is not a striking figure as he mentioned.

The course of growth is in line with the predictions from analysts but it is a bit lower than the forecast 0.9 percent of the central bank. There is a low chance for data on Thursday to affect the decision of the Reserve Bank of New Zealand and will still go with the course of keeping the borrowing rates at record low of 1.75 percent. Currently, the economy of New Zealand implies that there is growth following along the forecast in August Monetary policy meeting forecast.

Company News by ForexMart Nzecon10

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ForexMart App is Now Available on Mobile

You can now use the ForexMart application on mobile.

We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.

More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.

ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.

Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!

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