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Six Billion Bilateral Fund Needed Before IMF Agreed to Loan Egypt.
The International Monetary Fund has acceded on a $12 billion loan for three years with Egypt. They agreement is the need to secure a $6 billion bilateral funds before the approval of IMF. This is part of government’s reform program to curb budget gap and stabilitate the currency market. The government is also planning for a new investment law and the awaited 13% Value Added Tax while IMF hopes for Egypt to focus on easing monetary policies and lessen inflation.

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Canadian Stocks Decrease in Value after Drop in Commodity Prices Affect Index

The value of Canadian stocks finally dropped during Monday’s session after five days’ worth of rallying as a result of falling commodity prices which added more pressure to commodity-based companies. The S&P/TSX Composite Index for Canada decreased by 0.1% and is currently resting the at 14,923.01 level. The index increased last week by up to 2.4%, while profits from energy production and mining caused the index to surge by up to 15% for 2016, making this particular index the top performing equity market in the international platform, surpassing that of the UK and New Zealand

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Better U.S stocks are to be expected under the Democrat
Financial markets remain ambiguous amid the upcoming presidential elections, however, investors believe that stocks would probably thrive in case that 2016 Democrat Presidential Candidate, Hillary Clinton gain the victory.
This inference was based on the latest study conducted by Brookings Institution, this will serve as a supporting document of the “stock market's preference for Clinton“
An economist from the University of Michigan, Justin Wolfers and Eric Zitzewitz of Dartmouth College, an economist as well had tracked the markets overall attitude regarding the past events by which favors Clinton hence, this helped the Former Secretary of the State to heighten the probable chance of winning the position.
They further studied that S&P 500 index is expected to make a 12% surge upon Clinton’s administration compared to its rival, Donald Trump. Additionally, the market is possible for a lower volatility rate of 15-30%. While the treasury yields will expand up to 25 basis points and finally, the oil barrel will have an additional 4% for trading.
Most of the researchers had envisioned that Clinton’s triumph will largely make a breakthrough in the global market considering that the presidential result will be issued on November, the result can be felt on both local and international markets.

[luisforexmart]

Construction Spending in New York Has Hit a Record High
Construction spending is booming this year as it has exceeded the target even before the increase in demand for new housing and office space. It is predicted that the it will reach up to $43.1 billion construction spending this year which has increased by 26% compared to 2015 driven by the private sector. New York City employment boomed since late 2009 including the private sector growth more which has expanded faster more than the usual average data.
New York real estate is now receiving more attention as more investors globally look for investment returns which has both pros and cons. Consequently, the upswing in capital flow to New York City has diminished domestic returns.

[luisforexmart]

UK House Prices Expected to Drop due to Adverse Effects of Brexit on Market
London housing prices are expected to drop in value in 2017 due to Brexit uncertainties having an adverse effect on the housing market, according to a statement released by the Centre for Economics and Business Research. Since London is one of the highest-priced areas in the UK market, prices in the area are expected to plummet by up to 5.6% next year. Meanwhile, growth of UK property values are expected to surge by up to 6.9% before 2016 ends but will also likely suffer a drop by up to 2.6% in 2017.

[luisforexmart]

Home depot co-founder, Ken Langone remained skeptic for the hopes about the “ prosperity in the world”
An interview led by CNBC was made last Tuesday with the billionaire businessman, Ken Langone. The big-time executive defined the U.S economy as "at best, tepid." Langone strongly believes that the economy is not strong and doubt the statements from the economists.The American investor further compared the US economic system to a gun that lacks ammunition in order to uprear the economy.
The long-term Republican added that politics should put on one side before seeking the answers to the nation's disputed point which involves the health-care.

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Surge of U.S. Dollars Against Other Major Currencies

The US dollar reached a record-high in almost 8 months against euro while a three month high against yen recently which was driven mainly by the pending rate hike by Fed.

It has been assessed that 78% chance of Fed rate hike which is also to be swayed after the U.S. presidential election since political risks will be diminished. The dollar index has also risen by 0.34% compared to other six currencies. The planned stimulus of different central banks including Bank of Japan, European Central Bank and Bank Of England has also fostered appreciation of greenback.

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Singaporean Energy Corporations Face Added Pressure due to Energy Price Slump
Lending firm Oversea-Chinese Banking Corporation said in a statement that a number of Singapore-based energy corporations are now facing increased pressure due to the recent drop in oil and gas prices, which means that these companies might face difficulties with regards to repaying debts. The CEO of the said lending firm also stated that the final quarter of 2016 might become particularly difficult for the energy sector, especially since oil and gas prices have yet to recovery from this particular price drop.

[luisforexmart]

Economy Update: UK falls below France and ranked fifth as the world's biggest economy


As it was presented in the global economy table, the sterling pound experienced declivity. France ousted the economy of the United Kingdom and made it as the sixth-largest economy in the world.
The World Bank were able to conclude the ranking due to the average value of the currency within a certain period, including currencies accompanied by the dollar. Countries that slip past the UK are US, China, Japan, Germany, and France in terms of US dollar. The final line up all boils down to the exchange rates considering that the pound is five times weaker versus the greenbacks because of the EU exit. The annual GDP of the Britain is roughly £1.8 trillion which makes it powerless compared to the greens and eventually cause the country to plunge down in the table.

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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.

[luisforexmart]

Team Parker Got the Podium in the British GT3 Championship

The GT championship has been anticipated by fans and race drivers alike. It has been part of the National motorsport championship in United Kingdom that showcases famous and stylish sports cars.


Recently, the British GT3 championship took place at Donington Park on September 10 to 11 this year. It’s been a long journey but we made it until the end. This is one of acclaimed contest awaited by all to witness a nerve-wracking event that highlights racing cars at high speed and the overall process behind pit stops showing changeover in less than a minute. The drivers raced a circuit length with a total of 2.487 miles.


RPJ racing represented by Rick Parfitt Jnr. had won several awards such as Mobil 1 Master of the year in 2014 and Blancpain driver of the Weekend in 2015 during his short racing career.


Under the name Team Parker, Seb Morris joined Parfitt in the race. He was a former single-seater who had competed in the GP3 series last season in different categories and was able to win second place in the BRDC Formula 4 race last 2013.


Parfitt and Morris as a pair raced together in a Bentley Continental GT3. As much as racing requires dedication and commitment, ForexMart see this to be the same with trading. This is a strong partnership that is envisioned for success and become one of the prominent companies in the industry.

[luisforexmart]

New website’s section

Dear Traders!

ForexMart launches “Meet us offline” website’s section. Devoted to all offline events it will tell about key results and show the details from live meetings of ForexMart representatives with clients.


Follow our photo reports from exhibitions and conferences stored in the new section. Keep abreast of our events and take part in the most exciting ones together with ForexMart team. See you offline, stay tuned!

[luisforexmart]

Apple Releases New Macbooks in an Attempt to Recover Market Losses
Apple Inc. has recently unveiled its new range of Macbooks as part of the tech firm’s attempt to revive a product which was predicted by Steve Jobs would be rendered obsolete soon by the iPad. Analysts are expecting that this newly-released product line would enable the firm to significantly update its long-term growth. The shares of the said firm has recently dropped by up to 1% and has traded at $114.48 towards the end of the New York trading session. Meanwhile, Apple stocks surged by up to 20% as a result of expected positive sales for the iPhone 7. However, the firm’s shares immediately gave up a portion of its value after the company released a rather careful sales forecast.

[luisforexmart]

UK economy made a 0.5% growth after the Brexit authorization
Three months after the Brexit happened, UK economy manifested a fast recovery with the help of the country's service sector.
As it was indicated by the Office for National Statistics, there is a 0.5% increase in the economic health during the third quarter of the year. The result is lower compared to the previous quarter with a 0.7% rate, however, the latest increase is much stronger against the analyst's assessment.
Due to the better-than-expected outcome, the preconception regarding BoE's interest cut rate for the following week had subsided. However, the supporters of the referendum believes that these figures are an indication that the entire negative speculations about the EU exit are merely about fear-mongering.

[luisforexmart]

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.