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Company News by ForexMart

This is a discussion on Company News by ForexMart within the Forex Brokers forums, part of the Trading Forum category; Tax Overhaul Supported Increase for US Economy The U.S economy is expected to expand by 2.7 percent in 2018 due ...

          
   
  1. #301
    Senior Member Andrea ForexMart's Avatar
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    ForexMart's Forex News

    Tax Overhaul Supported Increase for US Economy

    The U.S economy is expected to expand by 2.7 percent in 2018 due to President Trump’s tax reduction that led to growth, as indicated in the new report by the International Monetary Fund (IMF) on Monday. This further showed positive news in the economy marking a one-year leadership of the president in the White House. However, inequality in the United States remained to be extreme.

    The initial forecast of the IMF for the American growth was only 2.3 percent but they decided to increase their predictions following the approval of the comprehensive amendment of the U.S. tax code in the past 30 years.
    The significant corporation tax reduction rate from 35 percent to 21 percent will stir up growth in business investments, based on the recent World Economic Outlook quarter report of the IMF.

    The United States also gained benefit from the world economic rebound which resulted in additional trade and purchase of some American products. The Washington-based organization mentioned about almost 120 countries that improved in 2017, which can be seen as a synchronized upward shift of economy since 2010. The IMF recently issued a brighter forecast for the US while the Wells Fargo currently projects for a 3 percent growth for this year. However, the IMF warned that the surge appears to be temporary and other organizations, particularly the World Economic Forum coincided with this statement. According to them, the boost is not enough to lessen the inequality issues which shows that top 1 progressed while the income of middle-classes was stagnant for nearly 20 years.

    The reduction in the rate of tax is basically predicted to grow this year until 2018 and the increase will soon fade after the budget deficit ramp up and the government is obliged to seek further options either reduce expenditures or raise the revenue. In addition to it, the trade deficit could possibly even grow along with the economic improvement and Americans purchase more overseas products.


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    Andrea ForexMart, Official Representative
    ForexMart

  2. #302
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    Company News by ForexMart

    New Account Currencies Available

    Good news to all traders! There are new currencies that can now be used as base currencies. These are Malaysian Ringgit (MYR), Indonesian Rupiah (IDR), Thai Baht (THB) and Chinese Yuan (CNY).

    You can also use these currencies to deposit/withdraw funds to your account and participate in trading. To make it more convenient for ForexMart’s clients, it can be paid directly without the need for conversion. You can visit our registration page to open an account with these new currencies.


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    Andrea ForexMart, Official Representative
    ForexMart

  3. #303
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    Company News by ForexMart

    The current contest has already started on February 5, 2018 and will end on February 9, 2018.

    You can register for the next competition which will take place from February 12, 2018 to February 16, 2018

    Note:
    Registration for the next competition finishes 1 hour before the contest starts.
    Andrea ForexMart, Official Representative
    ForexMart

  4. #304
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    Economic News

    More Pressure Besets Chinese Local Government with New Bond Rules

    Local governments of Beijing were pressured to settle their financial problems while a new rule on are issued on lending companies.

    Chinese firms have to confirm publicly that funds gained in selling bonds should not add to local government debt and they are not siding on any government financing sector based on the given notice from the country’s top planning agency.

    Moreover, corporations should not demand or accept any assurance from local governments on debt financing, as stated by the National Development and Reform Commission (NDRC).

    Regulators are looking for means to have a better control in the midst of a wider systemic risk on the high local government debt and their transparent financing.

    Authorities are trying to separate financial actions as part of their restriction, which is often related to stand-alone companies in a technical perspective. In particular, credit rating agencies should not associate the financial reports and project data in credit ratings work with the local government credit ratings, according to the NDRC.

    The Chinese government is trying to instill on investors that actions will be taken if they did wrongfully.

    It means that the government is not responsible on increase in debts by these firms but they are still expected to intercept to provide support for these companies, referred as local government financing vehicles (LGFV) in settling compensation concerns.

    The local debt of China’s government increased by 7.5 percent to 16.47 trillion yuan or $2.56 trillion at the end of 2017, based on the calculations by Reuters, which is still within the target figure of the government.

    Outstanding corporate debt amounted to 165 percent of GDP, which has been the highest among major economies and is mostly owned by the state.


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    Andrea ForexMart, Official Representative
    ForexMart

  5. #305
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    Company News by ForexMart

    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 www.forexmart.com or you can contact our customer service at support@forexmart.com
    Andrea ForexMart, Official Representative
    ForexMart

  6. #306
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    Economic News

    South Korea’s BOK Prepares for Possible Scenario In Sudden Fed Rate Hikes

    The Bank of Korea is ready to face any unfavorable outcome following the policy tightening in the U.S. at a faster rate, according to the chief of South Korea’s central bank, Lee Ju-yeol.

    If the Fed acted earlier than expected, it will have an effect on the global financial market, as well as local market. Hence, they prepared beforehand in possible scenarios, as told by Lee Ju-yeol to reporters in Zurich.

    He also said that the central anticipated the U.S. Federal Reserve to increase their rate thrice in 2018.

    Another factor that will be faced by Korea is the protectionist moves of the U.S. against South Korea, he added.


    Company News by ForexMart-southkoreasbok.png
    Andrea ForexMart, Official Representative
    ForexMart

  7. #307
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    Economic News

    Fall of Taiwan’s Export Orders Growth In January

    Export orders of Taiwan are predicted to reach an 18th consecutive month high in January but at a slower pace compared in December. Moreover, the demand for the technology products remains strong for the country, according to the Reuters poll.

    The forecast rose to 16.1 percent in January than the previous year, based on the median forecast of 15 analysts in the survey. Contrarily, growth for the month of December was 17.5 percent than 11.6 percent in November.

    The export orders of the country signal the demand for Asian exports, including high-technology gadgets, that steers actual exports by two to three months.


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    Andrea ForexMart, Official Representative
    ForexMart

  8. #308
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    Economic News

    Fed’s Tighter Policy Risk in Higher Rates

    More demand for safe-haven assets and low productivity growth induce the Federal Reserve to keep their rates low, according to the St. Louis Federal Reserve President, James Bullard, on Monday.

    If the Federal Reserve will proceed with the rate hikes, a tighter policy would be ideal for the current economy. The goal of the federal funds would be around 1.25 and 1.5 percent and current rates still fall between this range as recommended with following a neutral rate that is kept at bay by various factors moving at a slower pace.

    If rates have substantially increased without changes in the data, monetary policies would then become restrictive. There is a worry that the FOMC might go on “too fast”, added by Bullard. There must be support from the data to continue with the rate hike.

    The Federal Open Market Committee is anticipated to increase its interest rates in March meeting at least twice a year, in reference to the latest December forecast of policymakers.
    Bullard is known to be the most cautious among Fed officials when talking about rate hikes while the U.S. is deemed to have a low growth following a low-inflation policy and the rate should not be too high unlike there are clear indications that the economy has changed.

    The term “neutral” was discussed during the National Association of Business Economists conference following the remarks of Bullard denoting that the monetary policy is a way to determine the positivity and negativity of economic activity.

    Vague as it may be, the neutral rate is sufficient for the Fed in gauging the policy rates. Authorities see the present policy rates have to continue its accommodative monetary policies while inflation is still under composure.


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    Andrea ForexMart, Official Representative
    ForexMart

  9. #309
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    Company News by ForexMart

    The current Money Fall contest has already started on February 26, 2018 and will end on March 2, 2018.

    You can register for the next competition which will take place from March 5, 2018 to March 9, 2018.

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



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    Andrea ForexMart, Official Representative
    ForexMart

  10. #310
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    Economic News

    PBOC’s Lent 105.5 B Yuan in Rollover of MLF Due in March

    The People's’ Bank of China lent 105.5 billion yuan or $16.67 billion to various banks on Wednesday under its medium-term lending facility for a year, according to released reports.

    The new MLF loans have a similar rollover value in the 1-year batch of MLFs that are due on the same day. Adding 189.5 billion in the same tenor to be expired on March 16.

    Moreover, the central bank added that they will avoid reverse repos on Wednesday morning.

    On December 14 last year, the PBOC augmented their interest rates on liquidity tools to 3.25 percent, as well as, the one-year MLF.


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    Andrea ForexMart, Official Representative
    ForexMart

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