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Economic News

Postby Andrea ForexMart » Thu Jul 20, 2017 8:42 am

Loose Monetary Policy of ECB Proposed by Villeroy

The European Central Bank is in the process of curbing inflation to attain the two percent inflation target but ECB policy maker Francois Villeroy de Galhau pointed that a monetary easing is still needed. He said that the risk of deflation has been cleared despite the fact the target inflation is still a long way to go. Thus, he concluded that an “accommodative monetary policy” implying that their decision is relative to the economic condition of the economy moving towards the target rate.
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Economic News

Postby Andrea ForexMart » Fri Jul 21, 2017 9:34 am

Higher than Expected UK Retail Sales in June -ONS

According to the latest reading on the strength of the UK consumer, it shows an optimistic stance. As shown in the most recent retail sales data issued by the Office for National Statistics (ONS), the sales increased by 0.6 percent in June, exceeding expectations of 0.4 percent while there is a 1.1 percent decline in May.

Increased in the area of spending, except in fuel products, were recorded with the largest expansion in sales particularly in household goods stores. While shoes and clothing performed better as well.

The clothing sales in some parts of the United Kingdom came in above average in June, however, the north of the border was failed to boost.

Based on the figures presented by the Scottish Retail Consortium (SRC) earlier this week, it indicates a total increase in sales by only 0.2 percent in June while the sales for non-food items fell by 4.2 percent.

The quarterly trend in UK created by ONS shows that retail sales surged by 1.5 percent in the three months to the end of June, that eliminated the 1.4 percent downturn during the Q1 of 2017.
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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Jul 24, 2017 5:41 am

The current Money Fall contest has already started on July 24, 2017 and will end on July 28, 2017.

You can register for the next competition which will take place from July 31, 2017 to August 4, 2017

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

Postby Andrea ForexMart » Mon Jul 24, 2017 6:11 am

RBA Maintained its Rates Amid a Global Rate Hike

One of the top central banks stated that the interest rates of the Reserve Bank of Australia will set to be kept at a record low for some time but some hawks push the currency to drop from a two-year peak. The rate hike was canceled out following the increase of interest rate to 0.75 percent in the previous week according to the deputy governor of Australia. She noted that the RBA doesn’t need to raise their rates when other central banks in the world did which opposes the recovery of the Australian currency after a rise in mining investment for a decade halted. The development of the world economy may be beneficial for the country but it works against the currency.
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Economic News

Postby Andrea ForexMart » Tue Jul 25, 2017 7:53 am

Technological Advancement Impact to Monetary Policies

Development in the Information Technology sector and rising adaptability of the labor market in the past years has unsurprisingly curb inflation which could significantly affect monetary policy according to the ECB Executive board member Yves Mersch on Monday. He mentioned that advancement in logistics allowed the growth of value chains and e-commerce globally. It has improved the transparency of pricing domestically and across countries.

These modifications in labor sector could indicate that inflation occurs at a quicker rate with a lower employment in the past that affects the relationship between employment and wage growth and eventually affect the monetary policy. Hence, Mersch points out how improvement in technology reacts to “shocks”, the transition from the exchange rate movement into inflation and its influence from the local community towards global advancement and rise in prices.

These raises concern on the efficacy of ECB’s policies to bring back its price growth to its target. Hence, actions are planned for long-term financial management to meet the obstacle come along the way. Although, these policies are deemed to be unnecessary when conditions stabilize.
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Economic News

Postby Andrea ForexMart » Wed Jul 26, 2017 5:22 am

IMF Cut Growth Forecast for US Economy

The International Monetary Fund downgraded its growth outlook for the United States due to concerns regarding Trump’s capacity to carry out his promises to the economy to stir the American economy.

Although the Washington-based organization provided a positive forecast in April, they had trim it down to 2.1 percent for this year and based on earlier projections for 2018, the US economy will gain 2.3 and 2.5 percent growth.

While the global growth was held at 3.5 percent in 2017 and 3.6 percent for the next year according to the prediction of IMF managing director Christine Lagarde and described it as "quite well anchored".

However, based on the World Economic Update, the IMF mentioned about the uncertainty towards the policies of President Donald Trump since it is a major factor in the leery growth projections for the US.

Pres. Donald Trump got the presidential position six months ago, citing his plans about tax reductions, looser regulation and major infrastructure spending which triggered a rally on Wall Street. But the policies were stalled in the US Congress as the government continues to battle over other issues, like health care reform.
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Economic News

Postby Andrea ForexMart » Wed Jul 26, 2017 5:51 am

South Korea Growth Outlook Revised to 3 Percent in 2017

The growth forecast of South Korea for 2017 was changed on Tuesday pledged to maintain an expansionary fiscal policy that would boost employment. The projected data is an expansion of 3 percent which is already the quickest since the 3.3 percent three years ago. The latest was revised was higher from the previous 2.6 percent and the Bank of Korea outlook of 2.8 percent.

The rise in global demand of goods supporting growth in the latter six months of the year has progressed which includes fiscal spending worth 11 trillion won ($9.85 billion) as the additional budget on July 22nd. There is high hopes that this would raise growth by 0.2 percent this year as the country’s potential growth rate of 3 percent which seems possible as the government implements reforms towards “consumption-led growth” according to the finance minister.
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Economic News

Postby Andrea ForexMart » Fri Jul 28, 2017 6:57 am

Japan Household Spending Grew 2.3% in June

Japan’s household expenditure in the previous month accelerated most in 2015 since the available jobs heightened to its fresh 43-year highs. This shows that as the labour market tightens, it helps push wages and consumer spending up in a gradual pace.

Last week, the BOJ retained its monetary policy, however, pushed back again to reach its price goal, underlining the gap between the weak inflation and steady growth. And further emphasized that it may take some time to scale down its massive stimulus.

The Japanese economy grew at an annualized 1.0 percent earlier this year, indicating a consecutive growth for the fifth time on strong exports and expansion in personal consumption.
According to analysts, the domestic demand is the main driver for a sustained growth in net exports but would probably reduce growth in GDP for the second quarter.

The positive signs for household consumption consist of 60 percent of the economy and gained 2.3 percent in the year until June, that jumped for the first time after 16 months and acquired the largest annual gain in August 2015. While the median estimate of the economists is 0.6 percent which is further based on the polled data of Reuters by the Ministry of Internal Affairs and Communications issued on Friday.

Moreover, the retail sales gained 2.1 percent in the year to June as shown in another set of data.
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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Jul 31, 2017 9:41 am

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.
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Re: Company News by ForexMart

Postby Andrea ForexMart » Thu Aug 03, 2017 6:29 am

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



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