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Re: Company News by ForexMart

Postby Andrea ForexMart » Wed May 31, 2017 4:22 am

The current Money Fall contest has already started on May 29, 2017 and will end on June 2, 2017.

You can register for the next competition which will take place from June 5, 2017 to June 9, 2017.

Note:

Registration for the next competition finishes 1 hour before the contest starts.
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Economic News

Postby Andrea ForexMart » Wed May 31, 2017 10:40 am

US Budget Concerns Casts Doubt on Fed Plans

The US Federal Reserve is more than ready to raise its interest rates this coming June, but the possibility of the Congress rattling up the markets by slowing down progress on increasing the debt ceiling of the US economy has cast a shadow of doubt on the Fed’s next scheduled rate hike on September. Prior to this development, the Fed has been saying that they are currently planning to implement two more rate hikes before the year ends, but has now reverted to saying that the third rate hike for year might be in for some delays if the market gets shaken by possible disagreements on fiscal policies.
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Economic News

Postby Andrea ForexMart » Tue Jun 06, 2017 11:00 am

Slow Growth of Scottish Economy, EY reports

Based on the forecast of the EY Scottish item club that the GDP growth will be weak falling below expectation with 0.9% growth this year where a half of it is expected for the Britain and will predominantly hit the retail sector. It is anticipated to fall by 0.1% this year and will decrease in a bigger number by 0.5% and 0.3% in 2018 and 2019 respectively.

Consumers will be greatly pressured from this which will increase by 1% in 2017 and below 1% in the succeeding years until 2020 while the employment is assumed to drop by fall this year.

On the other hand, the manufacturing sector will rise following the overall economy for the first time since 4 years ago, because of higher demand and depreciation of sterling which will boost exports.

Overall, the Scottish economy is foreseen to have a sluggish growth than the Britain by 0.7% in 2018 before gaining its momentum again to reach 1.4% growth within this decade.
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Postby Andrea ForexMart » Thu Jun 08, 2017 9:49 am

Goldman Sachs Higher Rates to Gain More Clients

The Goldman Sachs Bank U.S.A. intends to increase its rates on client deposit by 1.2 percent from the previous 1.05 percent. The rate hike makes them higher than other financial institutions including CIT Bank, Synchrony Bank, and New York Community Bank's My
Banking Direct. The average rate is at 0.06 percent 0.06 percent as reported by the U.S. Federal Deposit Insurance Corporation.

They are searching for ways to improve lending in money management and investment banking category which they said to had a rough time with. In 2016, they introduced Marcus as their primary approach to consumer lending. This rate hike move hopes to expand profit of Goldman Sachs and appeal to additional Main Street clients which will eventually give bigger gains. Also, these deposits open a more robust type of funding and this would have stayed longer during uncertainty.
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Economic News

Postby Andrea ForexMart » Fri Jun 09, 2017 10:50 am

ECB not yet to Withdraw Stimulus Program

The European Central Bank decided to loosen its monetary policy on Thursday but indicated that it further needs some support from the central bank amid increasing growth.
Mario Draghi, ECB president, is very cautious in his announcement regarding the withdrawal stimulus.

During the meeting held on Thursday which is accompanied by 25 members of the council, the bank kept its interest rates and bond-purchase stimulus program steady.

The governing council settled small adjustments towards the 19 emerging countries that utilizes the European currency by stating that interest rates could probably move lower. While Draghi issued another significant change as he described that risk to growth is currently “broadly balanced”, the tweak was announced during the April wherein risk are said to "tilted to the downside."

Carsten Brzeski, analyst at ING-DiBa, allegorize the bank’s statement to a baby’s first step intended to taper the stimulus effort. The financial institution preserved its bond-buying program at 60 billion euros ($67 billion) each month which will last this year or longer.
Moreover, ECB officials were in a stew for the market’s response to the untimely notice that the stimulus will end as the rates will climb higher, undermining the effects.
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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Jun 12, 2017 4:47 am

The current Money Fall contest has already started on June 12, 2017 and will end on June 16, 2017.

You can register for the next competition which will take place from June 19, 2017 to June 23, 2017

Note:

Registration for the next competition finishes 1 hour before the contest starts.
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Economic News

Postby Andrea ForexMart » Mon Jun 12, 2017 7:58 am

ForexMart for Mobile

Trade anytime and anywhere through our ForexMart mobile application, designed to support your trading needs. You can access charts and your account, trade and avail our other services. This is free and downloadable from different app stores.

*Available on IOS and Android

*Free to download

*View the latest trends and market data

*Simple layout for easy navigation

*Access latest charts with real-time quotes
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Postby Andrea ForexMart » Tue Jun 13, 2017 10:27 am

Italy and Qatar to Continue Economic Ties

Countries, Italy and Qatar decided to maintain their deal regarding close integration on economy and finances. Even the decision of some Arab Countries along with Saudi Arabia and the United Arab Emirates is to break diplomatic, travel and trade agreement with Qatar.

The consensus was succeeded by a meeting between Italian Economy Minister Pier Carlo Padoan and Qatari Finance Minister Ali Sherif Al-Emadi held in Rome on Monday.

The two countries said in a joint statement that they discussed the ties in a very friendly atmosphere in accordance with its outstanding relationships on economics and politics

The visit of Al-Emadi in Italy is part of the leader’s European tours, hence he will also go to Berlin, London, Paris, and Washington.

The sovereign states of Arab which include Saudi and UAE ended its agreement with Qatar in the past week, they believe that Doha supports the finances of Iran together with other Islamist groups, but Doha refuted this accusation. While al-Elmadia stated earlier on Monday that his country is able to protect its economy against these charges.

In an interview with CNBC, he further mentioned that those countries that inflicted such sanction have the tendency to lose money due to the damage it wrought in the business sector of the region.

"A lot of people think we're the only ones to lose in this ... If we're going to lose a dollar, they will lose a dollar also," the leader added.
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Economic News

Postby Andrea ForexMart » Fri Jun 16, 2017 7:35 am

Job Creation in Australia Reached 42,000, Unemployment Rate Slowdown by 5.5% in May

Australia created additional jobs with a total of 42,000 which exceeded the expectations of 10,000 as indicated in the roughly calculated poll led by Reuters, disclosed by the Australian Bureau of Statistics on Thursday. However, the number of unemployed for this month accounts to 5.5 percent which came in lesser than predicted 5.7 percent.

The Aussie dollar further gained strength after releasing the current employment data of the Australian economy at exactly 9:30 HK/SIN while the exchange rate against its American counterpart is greater by 0.5 percent.

The employment figures appeared to be volatile but the rate in the past few months showed some development within the labor sector, said by Steven Milch, the chief economist of Suncorp. Mr. Milch also mentioned that the number remained stable for the third consecutive month and much stronger than their anticipated figures.

In case that the trend will continue, it will also increase the wages which could reinforce the reflection of the RBA towards the economy as a “half empty glass”. This shows that the Reserve Bank of Australia is not probable to revise its policy anytime.

The central bank announced that earlier this June the labour market indicators will remain mixed, keeping its benchmark cash rate on hold at a record low of 1.5 percent. The financial institution also noted that the slackening of real income will curtail the growth in household spending.
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Economic News

Postby Andrea ForexMart » Fri Jun 23, 2017 5:05 am

US Stocks Plunge after Brent Crash

The majority of US stock prices crashed on the back of an ever-worsening bout of slump on both industrial and oil shares, eclipsing recent price rallies caused by growth in biotech and aviation technology companies. Brent crude prices dropped to just under $45 per barrel and is now at par with WTI in terms of living with a highly bearish market as US stockpiles continue to be above average and Libya resumes its production. The US dollar also subsequently dropped in value while US Treasury yields did not exhibit any major changes after it was able to regain its losses.
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