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Post by luisforexmart on Sept 28, 2016 4:22:30 GMT -5
Industrial Sector Drives Growth in China The Industrial sector in China booms at the fastest pace in three years. Profits in the said sector leaped from 19.5% compared to last year’s data. A total of 534.5 billion Yuan equivalent to $80 billion which is the highest increase since August 2013. The Steel and oil refining and auto sector also contributed in profit gains. This indicates growth and stabilization of the economy that is relevant since China is in economic crisis. Economists say that this is just a short-term growth factoring the growth drivers that are not viable in the long run. Although, Industrial sector is giving a positive outlook but other sectors are still in a difficult situation. China is set for a campaign to reduce capacity in the coal and steel sectors which has always been their focal point in business for the past 20 years that makes this not just a simple plan.  |
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Post by luisforexmart on Sept 28, 2016 4:30:43 GMT -5
UK commercial property remain unshaken despite the British Exit. The industrial property of Britain continued to establish a firm condition despite of the Brexit decision happened last June 23. Although, there is a tendency that the economy might become weaker considering that prices were forecasted to perform successive declines. The EU exit created a negative medium-term impact in the market as it was stated in a report on Monday. Regardless of the uncertain factors caused by the political risk, the commercial sector of Europe remains powerful, said by Kattan.  |
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Post by luisforexmart on Sept 29, 2016 19:31:57 GMT -5
Lagarde Favors Less Strict Trade Policies The stricter protectionist trade measures slows down the current frail economy not only in United States but including other countries as said by the head of the International Monetary Fund, Christine Lagarde. She described it as an “economic malpractice”. Restricting trades would worsen the status of workers and families. It has pros and cons for members of trades but considering present weak economy and bigoted politics, an open trading is more advantageous to all. However, if the trade policies are neglected, the opportunity for progress is lessened since global economy still needs it to drive growth.  |
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Post by luisforexmart on Sept 29, 2016 21:13:11 GMT -5
Japanese Yen Declines, Commodity Currencies Hold Fast after OPEC Cuts Oil Outputs
Commodity currencies such as the AUD and the CAD held fast to their positions while the JPY experienced a significant decline in its value after the OPEC decided to cut back on its oil outputs, the oil organization’s first time to make such a move since 2008, causing oil prices to rise. OPEC has decided to reduce its oil output to a range of 32.5-33.0 million barrels per day from its previous output of 33.24 million barrels per day. Currencies such as the CAD, AUD, and NOK went up significantly, with the Norwegian Crown (NOK) hitting its highest level in five months at 8.0222 against the USD. Meanwhile, the Japanese yen weakened further as investors are growing more skeptical with regards to the BoJ’s capability to cheapen the yen’s value and ease its monetary policies, especially since most of Japan’s economic stimuli are about to reach their limit.
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Post by luisforexmart on Sept 29, 2016 22:24:08 GMT -5
ECB should not be blamed for the problems of the Deutsche Bank, says Draghi
ECB President, Mario Draghi emphasized that the European Central Bank holds no responsibility regarding the negative monetary rate policy that the Deutsche Bank is currently facing.
On Wednesday, the chief of Association of German Banks, Michael Kemmer stated that the central bank were partially liable on the current point of issue. But Draghi did not agree on Kemmer's comment because the Italian economist believes that the bank is not able to imply a systematic risk against the euro area in view of that the financial institution already suffered from a low rates of interest.
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Post by luisforexmart on Oct 3, 2016 5:39:21 GMT -5
Blackberry Phone will live for Indonesian customers
Blackberry Limited won't let their classical mobile devices to end gradually. According to their CEO, John Chen the company opt to stop in creating Android phone but they won't allow their products to die out. In as much as there are places that still patronizes their gadgets. For instance, an Indonesian mobile company is planning to launch their very own cellular phone design intended for those who dislike phones that does not have qwerty keyboard. PT Tiphone Mobile Indonesia Tbk decided to deal with BlackBerry and created a business arrangement in making portable phones in the Indonesian Republic.
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Post by luisforexmart on Oct 3, 2016 5:50:31 GMT -5
Agricultural Production of Soybean Boosts U.S. Economic Growth US Agricultural exports performed well for the past two months. This lessened deficits and boost the prospects for short-term economic growth. Predominantly, this was due to Soybean production which was driven by a high demand in China and insufficient production in South America. An estimated of 1% will add to GDP growth solely on Soybean production. Annually it is forecasted to contribute 4% in GDP. This may be just for a short-term demand and will most likely reversed on the next month but its effect will boost economic activity and would have a minimal impact to Federal Reserve’s price hike. Regardless of Economic growth, Fed will still proceed to price hike if the economy sustains progress.  |
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Post by luisforexmart on Oct 3, 2016 5:54:14 GMT -5
Deutsche Bank Exerts Extra Effort to Reach US Settlement before US Elections Next Month
Deutsche Bank (DBKGn.DE) is now putting in more efforts as the banking firm is attempting to reach a settlement a month before the US Presidential Elections take place, especially after US authorities demanded fines worth $14 billion after the bank erratically sold mortgage-backed securities. This has caused Deutsche Bank’s shares to decrease significantly, and a cutback in the settlement is needed in order for the German-based lending firm to gain back its footing and reverse its current downward trend in the financial market.
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Post by luisforexmart on Oct 6, 2016 2:03:21 GMT -5
British Pound Plummets to its Lowest Levels since 1985 after Post-Brexit Angst The British pound plummeted to its lowest levels since 1985 after rising concerns that the UK is most likely headed toward a “hard Brexit”, which would lead to a restricted access of the European market in general. The sterling pound had already went beyond its current lows in relation to the USD after the Brexit vote and was in its lowest levels in 3 ½ years in relation to the EUR. The GBP even went lower after UK Prime Minister Theresa May allegedly took the view that the EU exit talks would not put in any special treatment for its financial services. This has caused the pound to drop against all other major currencies after Theresa May’s announcement that she will be pushing through with the formal process for Brexit in March next year.  |
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Post by luisforexmart on Oct 6, 2016 2:56:24 GMT -5
UK Prime Minister May have an announcement regarding Brexit
Theresa May defended that the economy of UK still have a wealthier economy after the EU exit which brought unfavorable impact to the pound.
At present, pound experienced a 31-year low decline versus the greens. Moreover, the IMF lowered down its expected GDP result. May will have her speech on Wednesday at the Conservative conference about the tension in the setting of the referendum. According to PM May she would impose certain conditions under the order of EU Freedom of movement which cause the sterling to shift downwards.
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Post by luisforexmart on Oct 6, 2016 3:08:51 GMT -5
Slow Growth of German Private Sector Drags Down the Economy In September, the private sector growth in Germany slowed down alongside the weakening of Europe’s biggest economy. The Markit’s final PMI declined from 53.3 to 52.8 in August that comprises more than two-thirds of the economy. Although other sectors contributed to the increase of GDP in the third quarter, the PMI pulls it to slower pace as the final quarter approaches. A 1.9% increase in Economic growth rate is predicted for this year because of high private consumption and rise in state spending for migrants.  |
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Post by luisforexmart on Oct 6, 2016 3:49:20 GMT -5
Japanese Shares Surge for Fourth Consecutive Day as JPY Drops Continuously Japanese shares closed down the last session with its benchmark equity measure its highest levels in four months after the JPY continued to decrease in value, logging in its longest dropping period since March after an increased possibility of an interest rate hike by the Federal Reserve following the release of positive US economic data. Japanese equity strategists are even speculating that the interest rate hike might be moved to November if the release of US jobs data on Friday would turn out to be stronger than the previous data release.  |
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Post by luisforexmart on Oct 6, 2016 4:04:32 GMT -5
#ForexMart
Conference Event in Singapore 17th of September 2016
On 17th of September 2016, the annual conference of ShowFx Asia was held at Marina Bay Sands Expo & Convention Centre Singapore. This event gave an opportunity for traders to gather at one place, once in the year of their busy life to meet members of Forex community.
Outstanding speakers were invited to give advice, share their experiences and insights to large number of guests. They are internationally acclaimed speakers who are experts with years of trading or passion for excellence in their career.
This one-day event was focused on the latest developments in trading with market forecast of the year 2016. Speaker Zen Alldredge who is a Lead Forex instructor and trader at the Trading Empire focused on Market makers whether it is a fact or fiction. He imparted to the audience how to identify and counteract trading mind traps. He is trusted for his forecast on weekly market trends that is 90% almost accurate for the last 5 years up to present.
One of the former World`s Youngest Forex educators, Choo Koon Lip, shared strategies and showed how to get money and become the Best Manager in Forex. He is one of the top educators in the industry where most of his students were successful in trading.
Another speaker, Semyon Tochilin, talked about Conservative Forex Trading or how to choose the optimal trade strategy for a beginner. This includes price behavior including price delivery inefficiencies or interbank that can be applied into trading.
Speaker, Karen Foo, who is named as one of the top 25 Traders in Asia, enlightened audience on how to get started in the craft of trading in 4 powerful steps as a Trade Executor. She has always been a financial expert among other top investment gurus.
Today’s Forex Market was also tackled by Ezekiel Chew by giving advices on how to convert mishaps into profits. He is known for helping people to get back on track after experiencing some adversities in trading.
ForexMart who has been active in Forex community joined the event as an exhibitor. All the attendees not only learned from distinguished speakers but had a fun-filled day with all the other activities such as raffle draws and a presentation from Pruton Futures. To meet other Forex traders including brokers, trading experts and fellow traders who have similar interests is what made this day more memorable. The active participation of novice or seasoned traders alike and sponsors made this event a success.
ForexMart is looking forward for the next conference!
Visit - www.forexmart.com/news/article/146
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Post by luisforexmart on Oct 7, 2016 2:31:21 GMT -5
UK’s Financial Industry Big Losses on Hard Brexit
UK is concerned of the after effects of Brexit termed as “hard Brexit” when UK officially left European Union. The recent announced had immediately caused the pound to a record 31-year low against USD. It is estimated for UK to lose £38bn when UK leave the single market and 75,000 jobs are to be dismissed. There are different scenarios that are possible to happen and the government ensures the financial services industry’s condition to be evaluated before the negotiations of leaving EU.
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Post by luisforexmart on Oct 7, 2016 2:46:46 GMT -5
International Monetary Fund Warns of Possible Disruption in Asian Capital Flows due to Fed Interest Rate Hike
The International Monetary Fund released a statement on Thursday that warned investors that varying reactions on the impending interest rate hike by the Federal Reserve could disturb Asian capital flows and could also increase the volatility of asset prices in Asia. The IMF also stated that the prospective growth of much more advanced nations can have negative effects on the Asian economy especially since the region’s weak export rates could have an impact on their overall growth and inflation rates.
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