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Penalty Seems to Hit RBS Shares
The Royal Bank Of Scotland (RBS) may be penalized amounting to $5 billion to $12 billion that may affect shares of the bank. This hinders the U.S. government to sell shares around 72% holdings with RBS as they are charged with mis-sold mortgages securities prior to the financial crisis in 2008. The amount of the fine strains the value of the bank as said by a representative of RBS. In effect, investors cannot estimate how much worth are the shares of RBS.

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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 <here> or you can contact our customer service at [e-mail]

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US consumer price indices increased in October

The CPI of the United States had recorded its largest gain for six months in October due to the rise of oil prices and house rents which further suggested for a bounce back in inflation and pave the way for the Fed Reserve plan for December rate hike.
According to the Labor Department, the CPI upsurge by 0.4 percent for the previous month, while additional 0.3 percent in September. For the past six months until October, the economic indicator rose 1.6 percent which is the biggest increase since 2014.
The non-food-manufacturing inflation established a moderate stance. The petroleum prices pop up to 7.0 percent after the 5.8 increase in September. On the other hand, prices for food remained for four consecutive months. The housing and shelter also advanced seeing the rates for rents expand to 0.4 percent. Moreover, the medical provision stayed the same, medical prescription grew by 0.2 percent. Other goods like vehicles and clothing also had an increase in prices.

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Thai Economy Slows Down as International Risks Increase, Investments Weaken
The economic growth of Thailand slowed down during the previous quarter due to a relative weakness in the performance of private investments which is now compelling the Thai government to increase spending in order to shield the economy from an increase in international risks as well as burgeoning political uncertainties in the region following the death of King Bhumibol. Thailand is now expected to deal with added volatility in the financial market due to the unexpected results of the US elections as well as the death of the Thai king. On the other hand, the military junta has already guaranteed assistance with regards to infrastructure as well as financial support for farmers.

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U.S. Treasury Yields Soar with Strong Dollar
The U.S. Dollar reached a six-month record high on Monday's Asian trading session because of Trump's planned fiscal policies and goals to drive growth. The uncertainty brought by the so called “Trumponomics” has made the financial market to buy dollars and sell U.S. Treasuries which is expected to persist for some time. Although there might be correction near Thanksgiving.
For five years, the U.S. Treasury yields have reached a highest two-week gains. This includes all types of maturities which is an after-effect of U.S. Presidential election. People waiting what will happen next after Trump's victory has further boosted the greenback to thirteen and half year highs compare to basket of currencies.

[luisforexmart]

Asian Stock Market Traded Mixed Due to Dollar Easing
The kiwi established a firmer stance last Friday on subsequent to the softening of the USD two days ago, along with some selling of securities on the seller’s side. On the other side, the reversal process is bounded since the NZD touched the pressured area in the time of the opposing conditions of the RBNZ policy targets between the Fed.
Sellers still rule the overall market on Friday. The New Zealand currency is trading on its multi-month lows and keep going with a negative trend. The pair found a predetermined level around the 0.7000 region and that declined the price upwards. The buyers slightly regain its losses upon the increment of the prices and reached the 0.7050 level in the post-European session. Moreover, the buyers fall short to obtain its recent level, the price entered the aforesaid area and had a steep decline. The kiwi stayed under the moving averages according to the 4-hour chart. The 50-EMA pass over the 100 and 200-EMAs and had an additional dip. The current resistance is projected at the 0.7050 level, support gained the 0.7000 region.
Technical indicators bounce back from the oversold condition, however, hovered around the bearish pattern. The MACD histogram grew lesser favoring strength for the sellers. RSI kept intact around the oversold levels.

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Canadian Stocks Reaches Highest Levels in 17 Months Due to Massive Retail Sales Profits

Canadian stocks continued its increasing trend for a total of four days and has already reached its highest levels in 17 months as a result of massive retail sales gains, with retail sales clocking in its biggest profits incurred since April 2016. Canada’s retail sales data showed gains worth 0.6% in September 2016, its biggest gains posted since April and an indicator of the spending of the Canadian government’s recently-minted child benefits. Meanwhile, the Canadian equity benchmarks scored more gains as the DJIA reached up to 19,000, while the MSCI index for both developing and developed markets increased by up to 3.6% for 2016 and could possibly hit its record highest yearly increase since 2013.

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CBI’s Latest Industrial Trends Survey Showed an Increase on Manufacturing Orders But Remained to be Weak.
The manufacturing order books heightened although the export orders and economic growth eased within this month as indicated in the order results of the Industrial Trends Survey.
The survey includes 430 manufacturers and assessed that the total order books restored its previous level which prevails during the whole period of summer and seen on top of the long-term average. Moreover, the orders for exports dropped down slightly but managed to sustain an above average result.
The volume for output made a slow growth which is about three months later. There is hope that the production for the upcoming quarter appeared to be in good shape yet its highest level was recorded last February 2015. In light of the steep decline of the sterling pound, manufacturers await for the possible extension of the average selling prices for the succeeding months.

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Sluggish Economic Growth Supported by Economic Data
Japan undergoes slow growth reflected on the several economic indicators. Statistics from last year until early this year showed they have recovered but it is still not sufficient.
The industrial output slowed by 0.1 percent in October because of less foreign and local demand that affects production. The retail sales and household spending were also expected to slow down for 8 consecutive months after it decreased by 1.2 percent and 0.6 percent respectively. The private consumption and unemployed also slowed down and moves at a steady rate.
There has been a optimistic results in the third quarter this year but a sustainable economic recovery is still questionable.

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Japanese CPI Data Records Longest Losing Streak since 2011, Drops for Eight Consecutive Months


The consumer prices data for Japan has again dropped for its eighth straight month, recording its longest losing streak since 2009-2011. This losing streak in the nation’s consumer data shows just how far Japan is from reaching its inflation target of 2%. The Bank of Japan’s primary inflation measurement, which is consumer prices minus fresh food, decreased by 0.4% last October as compared to its data from the same period last year. Consumer prices minus food and energy increased marginally and had a reading of 0.2% and was previously forecasted to come in at 0.1%. Consumer prices in general increased slightly by 0.1% with a surge in prices for fresh food making up for the drop in energy costs.

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Pound to Take A Break as Investors Sees a Longer Effect of Brexit


After the EU exit on June 23, the sterling had a 16 percent dip which is feasible for a huge adjustment on its economic status. Two of the most renowned Scotland-based investment company have conveyed their advice for the pound to give the pound a rest.
The Kames Capital and Standard Life Investments inferred that the aftereffect of the referendum would last a decade.
According to Andrew Milligan from the Standard Life company, the market valuates in advanced as they expected that the British economy would endure enormous changes. While Stephen Jones of Kames described the pound as the “whipping boy” of the forex market because this is the consequence from the unpleasant Brexit event.
At present, the financial situation of U.K had a worse progression which caused the pound to remain as one of the poorest performing currency among Majors, in general, followed by the Mexican peso.

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EU Stocks Surge, Extend its Longest Rallying Streak in Two Years
European stocks extended its longest rallying streak during Friday’s trading session, with EU stocks hitting its highest rallies in over two years following highly supportive projected policy plans from the European Central Bank. The Euro Stoxx 50 Index closed down the previous session within 0.7% of an impending bullish market, while the Stoxx Europe 600 Index increased by 1%. The Italian FTSE MIB Index meanwhile dropped by 0.7% after posting its highest three-day increase in six months.

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Demonetisation of 100-Bolivar Notes
The Republic of Venezuela made its announcement regarding the official replacement of the country’s banknotes, it will be fill in with coins within 3 days. The government decided to remove the 100-bolivar notes in order to minimize the smuggling of various items including foods. According to Nicolas Maduro, Venezuelan President, the syndicates run their operations within the border of the country cannot execute the repatriation of the notes. The most recent amount of the former “highest denomination” bill - 100 bolivar note is 2 US cents (£0.015). Moreover, the so-called “terrestrial paradise” are now dealing with a severe crisis both in political and economic sector since the region are included in the list of the world’s highest rates of inflation.

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Cut in Oil Production Lead to Oil Price Hike

Oil prices surged to new highs since 2015 after OPEC and other oil producers come up with an agreement to lessen output production to counterbalance the oversupply in the economy.

The agreement entails 1.0 million barrels per day reduction, lesser to the planned cut of 1.6 million barrels per day with the accrued 1.76 million barrels per day(bpd) from 24 countries. The former 52.6 million bpd equivalent to 54 percent of global oil supply. If the planned cut was followed, there will be higher risks involved.

OPEC aims to cut output by 1.2 million bpd on January 1st from the top exporter Saudi Arabia with a bid of 486,000 bpd to stop overproduction.

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Oil Prices Surge to Highest Levels in Almost Two Years Following Production Cuts Pledges from Non-OPEC Countries

Crude oil prices rose to its highest levels in over 17 months following Saudi Arabia’s pledge to cut back on its oil production more than the previous agreement, as well as a pledge from non-OPEC countries to implement production cuts next year. Saudi Arabia’s Energy Minister has already stated that the country will be cutting back well below the predetermined target, and non-OPEC nations followed suit, with the said countries agreeing on cutting back by up to 558,000 bpd next year. This particular agreement is the first of its kind between OPEC members and non-OPEC members during a 15-year period.