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Economic News

Postby Andrea ForexMart » Tue Jun 27, 2017 10:48 am

Sluggish Growth Prediction for Developed Countries

A U.S. central banker forewarned that advanced economies and financial institutions in the United States will face a slower economic growth for long-term unless fiscal officials do something to counter this. Although, this comes surprisingly since the Federal Reserve just increased its interest rates earlier this month and intend to do more rate hikes gradually to prevent overheating of the economy. This also indicates positive growth of the economic outlook.

Federal Reserve president John Williams said that this optimism will only last for short-term and will change over time. With the sluggish growth, this gives a hard time for monetary policymakers to curb inflation and sustain full employment. This leaves the central bank with no choice but to rate hike since low growth trims the demand for investment and further push down the interest rates.
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Economic News

Postby Andrea ForexMart » Wed Jun 28, 2017 9:44 am

IMF Cuts Growth Forecast for US Economy

The International Monetary Fund watered down its economic outlook for the United States due to the high level of risk regarding the plans of current president Donald Trump in boosting growth in the economy. According to their forecast, U.S will gain an annual rate of 2.1 percent for this year which is a positive increase compared with 1.6 percent recorded in 2016, however, it is comparatively lower to 2.3 percent estimate on April.

The Washington-based organization also cut its forecast for 2018 saying that the country will have a hard time in reaching the 3 percent target determined in the first budget of the president. The latest growth numbers are part of the annual review made by the IMF to the American economy which is released on June 27. Report says the forecast was trimmed down because it was clearly stated that various parts regarding the expenditure project and administration tax are still ambivalent.

With these concerns, the institution said that the final decision is made in order to abate any assumptions concerning the programs of Trump will get the Congress approval and rather to work with predictions that ongoing policies will remain consistent.

Based on IMF’s projections, the yearly GDP growth is 2.1 percent for 2017 and 2018 and this will decrease by 1.9 percent by 2019 while in the year 2020 it will only reach 1.8 percent.
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Economic News

Postby Andrea ForexMart » Fri Jun 30, 2017 9:09 am

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Re: Company News by ForexMart

Postby Andrea ForexMart » Tue Jul 04, 2017 7:52 am

The current Money Fall contest has already started on July 3, 2017 and will end on July 7, 2017.
You can register for the next competition which will take place from July 10, 2017 to July 14, 2017

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

Postby Andrea ForexMart » Wed Jul 05, 2017 7:13 am

Central Bank of Denmark Probable Membership in E.U. Banking Union

The central bank of Denmark has taken into account on a positive note its participation to the European Union's banking union. The government has decided to launch a review according to the central bank on Tuesday.

This is a significant step from the country as the focus which would be the could lead to a final decision when the Brexit has already been concluded come autumn of 2019. At the same time, this would help the Nordic country in consideration as the financial center.
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Economic News

Postby Andrea ForexMart » Fri Jul 07, 2017 6:50 am

Oil Recovered As Bonds Progressed

Oil improved after a sharp decline and both of the European stocks and bonds were in the red on Thursday as the market awaits for the ECB minutes. This would determine the next actions of the central bank. Although, the Fed Reserve showed mixed signals on Wednesday. Bond yields climbed higher again as the benchmark of U.S. Treasuries rose more than 2.34 percent which increased the global borrowing rates.

The market was caught in between the ambiguous results from FOMC minutes and the U.S. employment statistics on Friday. The beginning of G20 summit has been the center of attention after the long-range missile test this week launched by the North Korea.
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Economic News

Postby Andrea ForexMart » Wed Jul 12, 2017 8:19 am

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.
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Economic News

Postby Andrea ForexMart » Thu Jul 13, 2017 7:24 am

Argentina’s National Index Rose 1.2 percent in June

In Argentina, consumer prices climbed to 1.2 percent for the month of June according to the national statistics agency NDEC on Tuesday, which is the first time the country has published a national index since the start of President’s Macri office. This is regarded as a “milestone” to rebuild the credibility of the country’s official statistics following the accusation of statistical manipulation. The IMF has lifted its disapproval to the statistics agency.

Previously, the inflation in the greater Buenos Aires area was 1.4 percent in June and 21.9 percent in the past year. Come the first six months of the year, the consumer price increase by 11.8 percent countywide and 12 percent in the area.

The central bank stated that the national index will now be the basis for monetary policy and kept its benchmark interest rate at 26.25 percent on Tuesday but still maintain the inflation target within the 12 to 17 percent. Economists forecast of national inflation will be at 21.5 percent this year.
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Economic News

Postby Andrea ForexMart » Fri Jul 14, 2017 9:08 am

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.
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Economic News

Postby Andrea ForexMart » Wed Jul 19, 2017 8:35 am

Forecast of Fed’s Easing of Balance Sheet to Raise Rates on Q4

The U.S. Federal Reserve intends to curtail its balance sheet estimated $4 trillion or more in September according to the Reuters poll. It still in the track of what the Fed hinted in the past few weeks despite there is no congruence when it comes to inflation which is deemed to be essential as it could influence the future interest rate hikes.

Last month, it is predicted that Fed would raise its rates by September but this was recalibrated and moved for another month with the outcomes of the latest polls saying that fed funds rate would increase by 1.25 to 1.50 percent by the end of the year. Also, the financial market is positioning only 43 percent probability of 25 basis point rate hike for December which is currently high considering the weaker U.S. inflation data.

As the Fed is being idle regarding its rates, about two-third of economists are expecting the central bank to ease up its bond portfolio in September and only a few foresee the central bank to loosen up its plan on July 25 and 26. Predominantly, they are saying the Fed will hold out on monetary policy at the meeting.
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