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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; The current Money Fall contest has already started on June 4, 2018 and will end on June 8, 2018. You ...

      
   
  1. #331
    Senior Member Andrea ForexMart's Avatar
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    Company News by ForexMart

    The current Money Fall contest has already started on June 4, 2018 and will end on June 8, 2018.

    You can register for the next competition which will take place from June 11, 2018 to June 15, 2018

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

    Andrea ForexMart, Official Representative
    ForexMart

  2. #332
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    Economic News

    U.S. Consumer Prices Rose to a Record High of 2.8 Percent Over Six Years

    The consumer price of the U.S. increased slightly in May despite the slower growth of gasoline costs, implying moderate inflation in the economy.

    The inflation report of the Labor Department was released prior to the two-day policy meeting on Tuesday. With the steady growth of inflation and anticipated tightening of the labor market, the Federal Reserve is motivated to raise interest rates for the second time this year on Wednesday.

    The CPI data rise by 0.2 percent in the previous month while the cost of food remains the same. A similar increase of CPI was seen in April. After a year in May, the CPI gained 2.8 percent, which has been the biggest growth since February 2012, following its increase of 2.5 percent in April.

    Gaining 0.2 percent of the CPI, excluding volatile food and energy components, was due to the rebound of new motor vehicle prices and a pickup in the cost of health care, after rising to 0.1 percent in April. In turn, this raised the year-on-year gain of the core CPI by 2.2 percent from 2.1 percent in April. It was the largest growth since February last year.

    After the weak reading last week, the annual inflation measures are adjusting higher. Both the CPI and core CPI growth in the previous month met the expectations of economists.

    The Federal Reserve moves on a different inflation measure which is just lower than the two percent target. Economists have different perspectives on whether policymakers will implement more rate hikes in the statement following the rate decision on Wednesday.

    Meanwhile, the dollar is moving steadily against a basket of currency which is immediately after the data fell slightly than the U.S. Treasury yields, which is trading lower compared a slightly higher U.S. stock index futures.



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  3. #333
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    Economic News

    SNB Keeps an Ultra Loose Monetary Policies

    The Swiss National Bank announced the decision to maintain an ultra-loose monetary policy on Thursday and analysts expectations matched from the survey by Reuters giving a unanimous answer.

    They reiterated the fragility or exchange rates after the strengthening of the Swiss franc in the past few weeks and began low this year.

    At the same time, Chairman Thomas Jordan said that it would be too early to raise rates in Switzerland amid low inflation.

    Another issue is the political uncertainty in Italy which will affect the eurozone in the future and it is important for the central bank to be heedful in this situation, according to an analyst.
    Forty experts expect the SNB to maintain the target range to be 1.25 percent to minus 0.25 percent in three months on the offered rate of London Interbank, which has been the ongoing target for the past three-and-a-half years.

    Also, they expect a negative interest rate of 0.75 percent deposits to be sustained where the commercial bank held a certain value as one of the important tools used by the bank.

    Changes in the LIBOR target range is anticipated to happen soonest at the end of the year based on the UBS, while the median consensus deems to set at the end of next year.

    Analyst of Credit Suisse initially thought the central bank to raise their rates as early as 2019 based on the economic strength of Switzerland, with a forecast growth of 2.2 percent this year.

    The Global Head of Investment Strategy & Research at Credit Suisse Group AG, Nannette Hechler-Fayd’herbe said, “Our base case scenario is where the ECB is considering a first interest rate increase themselves by mid-2019, and the SNB could move a quarter before.” Connoting the reaffirmation of central bank’s decision. However, she added that these two would move together as they are ‘economically interlinked’.

    Her expectation is a gradual increase of rates until it reached around 1.20 against the euro in a year.


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  4. #334
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    Economic News

    France’s Economic Growth Sharp Decline in 2018

    The economy of France dropped from 2.3 percent to 1.7 percent this year, according to the forecast of National statistics, which is another financial problem of President Emmanuel Macron in reducing costs of the government.

    Macron’s administration aims to reduce spending and maintain the deficit targets of the European Union with 2.0 percent target growth for 2018.

    Growth has been steady and there are no particular concerns, remarked by Finance Minister Bruno Le Maire on Monday.

    However, statistics agency through that the government would fail to meet the target as it would be pulled lower by a strong euro and increasing oil prices as some of the influential factors.

    Gross Domestic Product increased by 0.3 percent in the second quarter, higher than the previous quarter’s rate of 0.2 percent. Further increased by 0.4 percent in both the remaining two factors in twelve months with 1.7 percent.

    The Central bank of France revised lower their target growth of 1.8 percent in a year, following a bright year in 2017. It has changed as if covered by clouds in France and the eurozone as described by the head of Insee's economic outlook division Frederic Tallet.

    This includes external factors over which the nation has less control such as global trade war, higher costs of oil prices, a strong euro, as well as, political uncertainties in Europe, notwithstanding the new far right-eurosceptic coalition in power in Italy.

    Moreover, domestic concerns including sluggish household consumption and nearly three months of unabating train strikes that will likely bring down the second-quarter growth by 0.1 percentage points.

    The forecast says that the corporate investment will slow down from 4.4 percent to 3.1 percent over the year, while household investment would decline from 5.6 percent in 2017 to 1.6 percent.

    On a brighter side, good progress was seen on the trade and unemployment concerns. Unemployment will only decline slightly which is currently twice the value of Germany or Britain. The forecast rate is 8.8 percent at the end of the year from 9.0 9.0 percent at the end of last year.

    A slow start of exports in 2018 is expected to change in the second quarter with the help of large demand in the aviation and shipbuilding sectors, according to the agency. On the other hand, households will gain from the reduction in both of the residency and payroll taxes.


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  5. #335
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    Company News by ForexMart

    The current Money Fall contest has already started on June 25, 2018 and will end on June 29, 2018.

    You can register for the next competition which will take place from July 2, 2018 to July 6, 2018.

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


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    Andrea ForexMart, Official Representative
    ForexMart

  6. #336
    Senior Member Andrea ForexMart's Avatar
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    Company News by ForexMart

    The current Money Fall contest has already started on July 2, 2018 and will end on July 6, 2018.

    You can register for the next competition which will take place from July 9, 2018 to July 13, 2018

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





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    Andrea ForexMart, Official Representative
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  7. #337
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    Economic News

    IMF Review Support NZ Economic Plan

    The latest annual review by the International Monetary Fund's (IMF) to the New Zealand economy reported that NZ’s economic plan will reinforce growth as well as to manage the infrastructure and social deficits that began in the previous years, according to Finance Minister Grant Robertson on Wednesday.

    The “Article IV” of the showed government’s support to the country’s economic strategy while presenting autonomous forecasts which hinted an annual growth about 3 percent for the next five years amid new and growth-friendly programs, added Robertson.

    Further policies include fees-free post-secondary training, KiwiBuild and the Review of the Reserve Bank Act, which received positive feedbacks. The Washington-based organization also stated that New Zealand’s plan to increase the minimum wage is expected to have a slight impact on the economy during the present economic environment, however, this will help balance out income inequality.

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  8. #338
    Senior Member Andrea ForexMart's Avatar
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    Company News by ForexMart

    The current Money Fall contest has already started on July 9, 2018 and will end on July 13, 2018.

    You can register for the next competition which will take place from July 16, 2018 to July 20, 2018

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



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    Andrea ForexMart, Official Representative
    ForexMart

  9. #339
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    India Becomes 6th Largest Economy and Beat France



    The World Bank issued the updated economic figures for previous year which showed that India held the sixth rank for the world’s largest economy and pushed France lower into the seventh spot. The gross domestic product (GDP) of India reached $2.597 trillion at the end of 2017 while France’s GDP amounted to $2.582 trillion.

    The Indian economy had a strong rebound since July last year following the declines in the past quarters due to economic policies imposed by the Prime Minister Narendra Modi's administration. There are about 1.34 billion Indian citizens which would likely make India the world’s highest population against 67 million French inhabitants. This explains that India’s per capita GDP remains a portion of France which is approximately 20 times higher according to the World Bank.

    The consumer and manufacturing expenditure served as the main drivers for India’s economy in 2017 after Modi’s demonetization program of large banknotes way back in 2016 as well as the unorganized new tax system of the country.

    India was able to double its GDP in a span of a decade and anticipated to power ahead as Asia’s economic engine as China wind down. The International Monetary Fund stated that India is predicted to grow by 7.4 percent in the current year and 7.8 percent in 2019, supported by tax reform and household spending. This was compared to the world’s forecast average expansion of 3.9 percent.

    The Centre for Economics and Business Research mentioned that India would likely beat the GDP of France and the United Kingdom at the end of 2017. The London-based consultancy further told that there is a modest chance for the Indian economy hit the third place for the world’s largest economy by 2032.

    Last year, Britain was regarded to be the fifth biggest economy in the world with a GDP worth $2.622 trillion. Meanwhile, the United States hailed as the number one economy followed by China, Japan, and Germany.

  10. #340
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    Irish Economy to Reach Highest Growth in 2018



    The economy of Ireland is projected to reach its highest record in 2018 based on the latest outlook of the European Commission. Ireland’s gross domestic product (GDP) is projected to expand by 5.6 percent this year and 4 percent in 2018, supported mainly by domestic demand.

    Meanwhile, the estimate of the EU executive shows that eurozone GDP has the potential to increase by 2.1 percent, which is below the 2.3 percent forecast according to its May report.

    Since Ireland is a very open economy, the country is potential to have revisions in the international taxation and trade environment. While the activities of multinational corporations could affect the headline GDP growth. In the near term, the commission expects that the domestic economic activity could possibly grow at a strong momentum.

    In general, the commission reduced its predictions for the EU economic growth for this year because of trade adjustments due to increasing oil prices and tensions with the United States which drove the EU inflation higher.
    There is an optimistic outlook for the whole year despite better trade with the United States. Forecasts were mostly taken prior to the United States raising their stakes through 10 percent tariffs on an extra $200 billion worth of Chinese imports, announced on Tuesday.

    The worsening trade war has added uncertainty on the outlook that also affected the Chinese financial markets in the past few weeks.

    With sluggish credit expansion and domestic demand ranging from government-funded infrastructure investment to consumer spending, China’s economy seems to be showing signs of struggle and weakening.

    The huge export sector may add impact on tariffs with the U.S. giving 25 percent tariffs on $34 billion of Chinese imports on Friday, which then triggered Beijing for rapid retaliatory measures on the same amount of U.S. Chinese exports to China.

    Moreover, the uncertainty caused by trade war pushed the corporate borrowing costs higher in reaction to soften the economic effect of a multi-year easing on riskier lending. More cash were accumulated through lesser reserve requirements for lenders three times this year.

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