Company News by ForexMart

This week’s most popular deal:

The current Money Fall contest has already started on July 31, 2017 and will end on August 4, 2017.

You can register for the next competition which will take place from August 7, 2017 to August 11, 2017

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

Winners for the week July 10 to July 14, 2017.
Contest Prizes:

1st Place - 300 USD
2nd Place - 90 USD
3rd Place - 75 USD
4th Place - 70 USD
5th Place - 65 USD
6th Place - 60 USD
7th Place - 55 USD
8th Place - 50 USD
9th Place - 45 USD
10th Place - 40 USD

Oil Price Up Amid High U.S. Demand and OPEC Supplies

Oil prices increased on Thursday because of the narrowing of the U.S. market as well as the large supply from OPEC producers that have a greater impact in the overall sentiment. The benchmark for Brent crude increased by 20 cents per barrel at $52.56 while the U.S. light crude up by 20 cents at $49.79. A high demand in the U.S. has pushed the price higher. Statistically, the recorded gasoline demand was 9.84 million barrels per day (bpd) for last week and a decline in commercial crude inventories worth 1.5 million barrels to 481.9 million barrels which is much lower than the barrels recorded last year.

Members of OPEC and other producers such as Russia pledged to limit the output by 1.8 million bpd until March next year to support price and lower inventories. Yet the organization reached a record high of 33 million since July which is higher by 90,000 bpd from the previous month according to the Reuters survey.

It seems that the oil industry in this era has become accustomed to low prices and function in levels that would have been impossible before as reflected in the field.

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!

UK Shortage of Workers Amid High Number of Jobs

In spite of the rising wages, it seems complicated for the employers of the United Kingdom to recruit employees as the availability of candidates attempts to cope up with the demand, based on the latest research released on Tuesday.

A report from the Recruitment & Employment Confederation together with Markit showed that staff appointments reached its highest level in the past two years.

The official numbers of employment issued by the Office of National Statistics in July, indicates the Britain’s jobless rate decline on its lowest pace since 1975, however, this slightly push wages up.

Meanwhile, the opening for permanent workers was reduced lower compared with the past months as the reduction rates for temporary laborers fell at its fastest pace in the past 18 months, according to the research of Recruitment & Employment Confederation (REC).

As shown in the poll, the Britain’s decision to leave the European Union caused some citizens from the euro region to depart which makes it harder to carry out required jobs.

This week’s most popular deal:



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.

Britain Retail Sales Slow Growth in July

The retail sales growth of Britain has slowed down in July which is already anticipated following a strong second quarter. Most shoppers lessen their purchases that are majority to be goods other than food which worsens the decline in consumer demand because of higher inflation.

The statistics show a dropped of 1.3 percent year-on-year of the retail sales growth in volume terms which is lower the 1.4 percent increase in the forecast by economists according to a poll from Reuters. The annuals sales growth has been the slowest since November 2013 with a recorded figure of 1.8 percent.

On the other hand, wages in the second quarter were 0.5 percent lesser in real terms compared to 2016 which has been one of the largest decline since 2014. It is predicted that the consumer price inflation will rise by 3 percent in October compared to the current value of 2.6. An economist described the inflationary effect following the decline of sterling to diminish next year which could speed up the sales volume growth.

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

You can register for the next competition which will take place from August 28, 2017 to September 1, 2017

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

More Jobs in South Korea; In-depth Plan to Counter Rise in Household Debt

South Korea will implement an extensive plan in September that targets the rising household debt as stated by the country’s finance minister on Thursday. He also stated that concern regarding the household debt could not be fixed in a short-period of time. His rhetorics came out the day after the household debt data has been released as the mortgages also continue to increase in the second quarter but a slower pace contrast to the first quarter.

The most recent report from the central bank states that the household debt persists to rise worth 1,400 trillion won in the second quarter. This data was published following the implementation of financial restrictions in the last month to curb the overheated housing market. Some of the cities including Seoul was labeled as "overheated speculative districts" to limit money borrowers. However, homeowners shell out higher capital gain taxes needed in selling their houses.

On the other hand, the government intends to boost employment by allocating 12 percent focused on job creation in the budget for 2018. At the same time, the minimum wage will also be increased to make sure the people are given proper income as part of its attempt to raise the income of regular people. Primarily, the goal is to secure household gains through higher earned income.