Economic and company news by ForexMart

Report Claims UK Economy will Boost to £43bn by 2025

The financial industry of the United Kingdom would likely support an increase of £43bn in its economy in the year 2025 based on the study of the TheCityUK and PricewaterhouseCooper.

As indicated in a blueprint report issued on Thursday, the City Council coupled with professional services company deemed that progress can be obtained through various changes on the government and other regulations.

The UK finance sector is already aware to further challenging factors that could lead many international banks to withdraw their transactions from London after the British decision to the leave the European Union.

The reports indicate a role expansion for some national and regional financial centers of the countries outside London, together with a new visa program that allows only the most excellent and brightest among the industry to operate in Britain.

When adjustments were successfully done, the report provides an outlook of value on GDP which will rose an amount of £16bn to £43bn by 2025.
 
July 10, 2017

Eco Watchers’ Index of Japan Increased Forecasts

The business confidence index, associated with workers whose jobs are delicate towards the economic situation of Japan, had increased in June for three months in a row. This is because of the advancement in the retail sale as shown in the government statistics on Monday.

The diffusion index of sentiment regarding the present economic conditions which is so-called “economy watchers,” including restaurant employees and taxi drivers, gained 1.4 points from May reaching 50.0, as stated by the Cabinet Office. The administration added that these figures were the highest recorded since December.

While the leading economic indicators in the approaching months surged and reached 50.5, higher by 0.9 points. The government was able to maintain its initial assessment for the second time around, claiming that the economy had continuously improved.
 
Launching of Czech Version of ForexMart

ForexMart team have upgraded the website by adding a Czech version using the country’s native language. We are glad to introduce the newest Czech translation on (Date), which could help Czech and Slovakian citizens to easily interpret and find important information about the company’s special offers, partnerships and pool of trading instruments.


Clients could simply select the Czech language (or any other required language) by clicking the Czech flag on the language selector found in the upper right of the site.
 
New section "Economical news"

We have added a new section "Economic news" on our site. Every day we will publish the main news in the field of economics and finance. In this news section you will always find interesting, actual and relevant information about important economic indicators, current exchange rates and much more. You can also learn the latest important events affecting the world and Russian economy.

Keep the track of the world events and stay tuned with ForexMart!
 
Launch of “Analytical Reviews” section

We are glad to inform you about the launch of “Analytical Reviews” section on our website. Since then you won’t have to look for financial analytics on third-party resources – you just need to visit the relevant section on the ForexMart website.

In this new analytical section it will be possible to find up-to-date information about popular currency pairs, trade ideas and recommendations, as well as analytical reviews, forecasts, charts and overall description of the current market situation.

We hope that this innovation makes your trade more convenient and pleasant. Stay tuned and remain abreast of the latest economic trends with ForexMart!
 
July 11, 2017

EU Leaders Urge Germany to Increase Expenditure

The economic leaders of the European Union held a meeting on Monday in Brussels, citing that euro countries with huge growth to heighten spending. This is an attempt to convince Germany to step up its public expenditure and to bolster its economic bloc.

Germany is anticipated to grow by 1.8 percent this 2017, as indicated in the estimate of the International Monetary Fund, while the trade surplus continued to rise.

The stable development of the German economy was linked with the same advancement in government expenditure with a 0.8 percent record on fiscal surplus in 2016.

A group of finance ministers was going to discuss at their monthly meeting about the fiscal stance of the EU in 2018 since some urged to influence the budgetary decisions of the 19 EU-member states.

The effort of the European Commission to make a slight development on fiscal policy for the entire euro area within this year was fulfilled by the German opposition, however, dropped afterward.

Prior the discussion on the 2018 policy, the Economics Commissioner Pierre Moscovici claimed that the logical basis of fiscal stimulus remains despite firm growth in the euro area.
 
July 11, 2017
Emerging Markets and Bonds Selloff Continues
The U.S. dollar against the Japanese yen reached a four-month high while both the bonds and the emerging market currencies are under pressure once again on Tuesday. There are looking for higher interest rates in expanding number of major economies.

There are higher expectations as the MSCI world index is steadily progressing as it rose for a third day although it declined after the Europe stock market dropped. This staggered as the bonds yields from euro zone continued its uptrend in March but halted on Monday as the market turned its attention to the monetary tightening of large economies globally.

The Federal Reserve aims to adjust the large collection of bonds to ease the financial crises where speeches were given on Wednesday while the both the ECB and BoE officials are scheduled to talk on Tuesday. They are divided on whether to proceed with a rate hike yet the overnight index swaps market are priced high and 80 percent probability for a second rate hike by the end of the year.
 
July 13, 2017

Swiss Bank Falcon Offers Bitcoin Asset Management

The Switzerland’s private financial institution Falcon now stores and trade bitcoins through their cash holdings as it was proffered an affiliation with cryptocurrency broker Bitcoin Suisse. They are deemed to be the primary in the private banking to provide blockchain asset management for clients in Swiss according to the global chief of Falcon.

The Zurich-based bank has dealt with a Malaysian corruption scandal and this expansion of services is part of their strategic “repositioning”. Their bitcoin services is being regulated by the Swiss Financial FINMA.

Even though more investors are still dubious in bitcoins, this reflects that the virtual currency is developing amid a slow-paced asset management environment but has the potential to contend for gold and state-issued money in value.
 
July 13, 2017

Bank of Korea Keep Rates at Record Low 1.25 pc


The South Korea’s central bank kept its base rate steady, for the 13th consecutive month on Thursday, with a record low of 1.25 percent. The decision was mainly anticipated since policy committee urge to expand the subdued personal consumption and hold the idea of tightening off the table at this moment.


The policy makers of the central bank of Korea retained its key rate KROCRT=ECI unchanged, stated by a media official without any additional details. Bank Governor, Lee Ju-yeol is scheduled to conduct a press con at 11:20 a.m. (0220 GMT).


Reuters polled 20 economists and all of them predicted that the BOK will stick to its position, underlining the sluggish stance on consumer expenditure coupled with the lackluster growth in employment taking some of the shine off constant profits from exports.

Most of the experts assumed that the bank will keep on hold until the year end and expects for some step to stabilize rates for 2018.


The consumer price inflation of the country had toned down from the 2.2 percent highs in March to 1.9 percent recorded in June, the result is marginally low against the 2 percent target of the bank.
 
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We are glad to inform you that RSS-subscription is now available on our website. Please add our News section to any application for reading RSS-feeds and you can always be aware of all the events of our company in a convenient format.
 
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!
 
July 14, 2017

Yellen Assessed US Economy Growth Target

Fed Chair Janet Yellen said on Thursday that the 3 percent target of the current administration of Trump is “quite challenging” to cope with.

US President Donald Trump pledged during his campaign in 2016 to improve the economic growth by 4 percent, however, the officials trimmed it down to 3 percent and claimed that it might take some time to complete.

Moreover, Yellen mentioned that is "very disappointing," and gave a forewarning that the potential growth of the American economy is now lowered to 2 percent. The chairwoman was asked if it's still possible for the country to gain its three percent goal in the next five years and she answered, "I think it would be quite challenging."

She further stated that higher growth rate requires a great increase in productivity growth which is currently at 0.5 percent, hence, an extreme surge is needed to accelerate and at least few points are regarded as significant.

During the second day of her semi-annual testimony, she said to the Senate Banking Committee that the 3 percent expansion would be wonderful and she’d love to witness it.

The incumbent Chair of the Board is scheduled to end her term on February 3, 2018, if President Trump did not reappoint her for another 4-year term.

Yellen also underlined the things that hamper productivity growth which is related to the dilemma of company reports about looking for qualified laborer, emphasizing the urgency to focus on training worker and further education.
 
July 14, 2017
Singapore GDP Rose 0.4% in Q2 Obviated from recession
The economy of Singapore rose for the second quarter as it narrowly missed the recession as the engineering industries remained strong with high demand for semiconductor manufacturing equipment. The economy rose to 0.4 percent in the second quarter compared to the previous quarter and based on seasonally adjusted basis according to the Ministry of Trade and Industry.
It dropped to 1.9 percent in Q1 following the first revision in the first quarter and further declined to the former assumption of a 1.3 percent contraction. Despite the median forecast poll in Q2 declined by 1.1 percent, it is still on track to the overall forecast for the city-state progress.
The Gross Domestic Product rose 2.5 percent in the second quarter compared last year which was kept the same even after revisions and lower than the 2.8 percent growth. An economist described this as “softer than expected” since the construction has been weak and a slight easing from the manufacturing sector could offset services. At the same time, analysts are skeptical on the country’s sustained growth being electronic dependent and expansion of services may countervail any moderation.
 
July 19, 2017

Loose Monetary Policy of ECB Proposed by Villeroy

The European Central Bank is in the process of curbing inflation to attain the two percent inflation target but ECB policy maker Francois Villeroy de Galhau pointed that a monetary easing is still needed. He said that the risk of deflation has been cleared despite the fact the target inflation is still a long way to go. Thus, he concluded that an “accommodative monetary policy” implying that their decision is relative to the economic condition of the economy moving towards the target rate.
 
July 20, 2017

Major Central Banks Policies Turn Hawkish Forecast

There is a big expectation for major central banks not to implement easing of monetary policy despite of small hints in the momentum of inflation as shown in the poll from Reuters. At the same time, it implies that there is a momentum on analysts particularly to Europe, India, and China that represents about 40 percent of the total population worldwide. They predicted that the global economy will get improve rather than “worse” next year.

Although, there is still economic risks amid a decade of monetary stimulus has passed and aggregated asset purchases for a total of $15 trillion. Growth forecast has improved to 3.6 percent in 2018 from the current 3.5 percent for 2017. Yet, inflation prediction is declined than last year were greater than half of the central banks polled are foreseen to cut rates or tighten it.

In September, the Fed is presumed to curtail its $4 trillion worth of portfolio bonds and rate hike for the third time by the last quarter of the year while the European Central Bank plans to tighten its monetary policy after an “ultra-easy” policy actions rooted on the progress of the economic growth.
 
July 21, 2017

RBA Maintained its Rates Amid a Global Rate Hike

One of the top central banks stated that the interest rates of the Reserve Bank of Australia will set to be kept at a record low for some time but some hawks push the currency to drop from a two-year peak. The rate hike was canceled out following the increase of interest rate to 0.75 percent in the previous week according to the deputy governor of Australia. She noted that the RBA doesn’t need to raise their rates when other central banks in the world did which opposes the recovery of the Australian currency after a rise in mining investment for a decade halted. The development of the world economy may be beneficial for the country but it works against the currency.
 
ForexMart Won as «Best Forex Newcomer 2016»

ForexMart was recognized as the best young company of 2016 year in the field of financial markets activity according to the business publication Global Business Outlook, having won a new award in the nomination "Best Forex Newcomer 2016".

Global Business Outlook Awards – the annual international award which recognizes and rewards businesses, both private and public, showing impressive innovations and progressive strategies in business activity at various economic industries. The new award, received by ForexMart, proves the high professionalism level of its specialists and quality of the offered services. And surely it reflects the highest degree of customer confidence. The award «Best Forex Newcomer 2016» from the authoritative British edition is a great distinction in a highly competitive market.

ForexMart President Ildar Sharipov is thankful for the award commenting:

«We are proud of getting this important and significant award and very thankful to our clients for their firm trust. This new award is a symbol of ForexMart’s excellent service that brings clients the complacency and security they need in the volatile forex exchange market. We always aim to provide our clients with the most advanced technologies for successful trade, without forgetting about safety and comfort of our interaction. We are planning to develop our services further, helping traders and partners to remain at the top of financial success».

ForexMart continues to make progress, creating and improving optimum, convenient and safe conditions for trade. Receiving of this award – is a significant achievement, indicating that ForexMart and its clients are on the right path - the path to success!
 
Technological Advancement Impact to Monetary Policies
Development in the Information Technology sector and rising adaptability of the labor market in the past years has unsurprisingly curb inflation which could significantly affect monetary policy according to the ECB Executive board member Yves Mersch on Monday. He mentioned that advancement in logistics allowed the growth of value chains and e-commerce globally. It has improved the transparency of pricing domestically and across countries.

These modifications in labor sector could indicate that inflation occurs at a quicker rate with a lower employment in the past that affects the relationship between employment and wage growth and eventually affect the monetary policy. Hence, Mersch points out how improvement in technology reacts to “shocks”, the transition from the exchange rate movement into inflation and its influence from the local community towards global advancement and rise in prices.

These raises concern on the efficacy of ECB’s policies to bring back its price growth to its target. Hence, actions are planned for long-term financial management to meet the obstacle come along the way. Although, these policies are deemed to be unnecessary when conditions stabilize.
 
$1000 Draw

ForexMart clients can now get a chance to win $1,000 by joining ForexMart’s Chance Bonus offer. Simply deposit at least $300 or more in your trading account and you will automatically become qualified for the raffle.

Winners of the Chance Bonus offer will be chosen via random electronic draws. The $1000 is automatically credited every Monday to one of the eligible accounts which met the conditions of the raffle during the previous week. The Chance Bonus offer can also be mixed with other types of ForexMart bonuses. Clients can also opt to cancel their Chance Bonus eligibility by sending us a notification e-mail at [email protected].
 
Positive Outlook for Major Central Banks in 2018

The U.S. Federal Reserve reduced its bond holdings for the year and began to narrow down its 2.3 trillion euro bond-buying stimulus next year amid a better economic situation. This could lead to an oversupply in sovereign debt issuance in major economic for the next four years. At the same time, this would increase borrowing cost with a larger source to buy from.

This could translate to the improvement of net sovereign bond issuance next year from the United States, Japan, and the eurozone following purchases from the central bank for the first time in 3 years. Thinking back, the net supply has been performing poorly over the past few years that aids bond yields. Analysts see the potential in even the slightest reduction of the volume of bond yields implying a bigger supply for the market that is not accounted in pricing.
 
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