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Forex Forum to Share, Discuss, Communicate and Trade Forex • Company News by ForexMart
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Economic News

PostPosted: Fri Aug 04, 2017 6:32 am
by Andrea ForexMart
Oil Price Up Amid High U.S. Demand and OPEC Supplies

Oil prices increased on Thursday because of the narrowing of the U.S. market as well as the large supply from OPEC producers that have a greater impact in the overall sentiment. The benchmark for Brent crude increased by 20 cents per barrel at $52.56 while the U.S. light crude up by 20 cents at $49.79. A high demand in the U.S. has pushed the price higher. Statistically, the recorded gasoline demand was 9.84 million barrels per day (bpd) for last week and a decline in commercial crude inventories worth 1.5 million barrels to 481.9 million barrels which is much lower than the barrels recorded last year.

Members of OPEC and other producers such as Russia pledged to limit the output by 1.8 million bpd until March next year to support price and lower inventories. Yet the organization reached a record high of 33 million since July which is higher by 90,000 bpd from the previous month according to the Reuters survey.

It seems that the oil industry in this era has become accustomed to low prices and function in levels that would have been impossible before as reflected in the field.

Re: Company News by ForexMart

PostPosted: Mon Aug 07, 2017 10:26 am
by Andrea ForexMart
The current contest has already started on August 7, 2017 and will end on August 11, 2017.

You can register for the next competition which will take place from August 14, 2017 to August 18, 2017

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

Re: Company News by ForexMart

PostPosted: Mon Aug 14, 2017 5:50 am
by Andrea ForexMart
The current Money Fall contest has already started on August 14, 2017 and will end on August 18, 2017.

You can register for the next competition which will take place from August 21, 2017 to August 25, 2017

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


Winners for the week July 24 - July 28, 2017:


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Economic News

PostPosted: Fri Aug 18, 2017 10:11 am
by Andrea ForexMart
Japanese Trade Surplus Decline in July as Exports Rise

The merchandise trade surplus in Japan reduced lower than the anticipated in July while the growth of exports and imports gained double-digit percentage. According to the Ministry of Finance, the trade balance came in at ¥418.8 billion ($3.8 billion) last month, after the ¥439.9 billion surplus in June. The country was able to maintain its trade surplus in five of the last six months.

Exports rose at annual rate of 13.4% in the previous month, after a 9.7% increase in June. On one side, imports grew by 16.3 earlier this year, next to 15.5% expansion a month before.

Tokyo reported that the trade surplus last month accounts to ¥337.4 billion ($3.07 billion) based on a seasonally adjusted basis, as the surplus prior that month is ¥81.4 billion ($740.6 million), according to the official figures released.

The Japanese economy showed its highest level of economic growth in more than two years, despite the external demand decrease the GDP by 0.3 percentage point. This is considered significant as the economy tend to depend on exports to resume expansion. Japan’s economy increased by 1% versus the previous quarter and surge by 4% yearly. The development occurs every last six quarters which indicates the longest duration after 10 years. Moreover, exports from the world’s third largest economy are projected to continue its rise due to the momentum attained by the global economy. As imports also have the potential to boost because the domestic production mounted.

Re: Company News by ForexMart

PostPosted: Sat Aug 26, 2017 7:19 am
by Andrea ForexMart
Economic Calendar for August 25, 2017, Friday

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.
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Economic News

PostPosted: Tue Aug 29, 2017 8:16 am
by Andrea ForexMart
Mexican Second Stock Exchange Starts Operation In 2018

The second stock exchange, Institutional Stock Exchange that is more commonly known by its Spanish acronym called as BIVA, in Mexico target commencement date of operations by the start of 2018 according to the new exchange president on Monday. It hopes to get the existing market in the second top economy of Latin America against the Mexican Stock Exchange also known as BMV or BOLSAA.MX.

The president of BIVA sees the prospect in the new public offering from companies with an annual sales ranges between 500 million pesos ($28 million) and 21 billion pesos ($56 million). They are said to be supported by the technology from Nasdaq which is the second-biggest U.S. exchange and accessed by more than 70 markets worldwide.

It is predicted by the president of the financial infrastructure provider, CENCOR, that the volume of publicly traded companies in the country will significantly increase as much as 30 percent to 200 percent in three years time while the daily volumes could rise close to 50 percent to 20 billion pesos in Mexican stocks.

Economic News

PostPosted: Thu Aug 31, 2017 5:22 am
by Andrea ForexMart
Lebanon Reforms Its Economy as It Faces Large Debt

Lebanon starts to fix its frail economy following years of stagnant phase in decision-making. Yet, this also helps inhibits further growth of the debt before it becomes too big to control.

The new president, Michel Aoun who was elected last year, after years without a leader, approved just last week regarding the increase in sector pay increases and a tax hike to support the cost. This was in line on the government’s plan to adjust its prospects for Lebanon to strengthen from adverse conditions. The country's debt largely intensified since Syria’s civil war that started in 2011.

Although, the finance ministry commented that this will have a minimal impact to the fiscal balance or the debt concern. The country is ranked as the third highest debt-to-GDP ratio which has been the main rationale why Moody’s agency has pushed the credit rating very low.

Economists are hoping for other reforms to raise revenue and cease the debt from rising more that includes approval of the budget, improve the electricity sector which is copiously subsidized, increase fuel tax and tax collection and boost the investment environment.

Re: Company News by ForexMart

PostPosted: Sun Sep 03, 2017 11:36 pm
by Andrea ForexMart
ForexMart App is Now Available on Mobile

You can now use the ForexMart application on mobile.

We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.

More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.

ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.

Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!

Economic News

PostPosted: Wed Sep 06, 2017 6:41 am
by Andrea ForexMart
Private Sector Positive Growth Pushes Inflation Higher

The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.

The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.

The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.

On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.

Economic News

PostPosted: Fri Sep 08, 2017 4:41 am
by Andrea ForexMart
French President Supports EU Ties with Turkey

The president of France, Emmanuel Macron, commented on Thursday that the Turkey is essentially part of the European Union and sustain its diplomatic relationships despite its distressing problems as of lately. This comment from Macron supports the recent speech of German Chancellor Angela Merkel about the membership with E.U. particularly referring to Turkey which is deemed to be terminated.

Macron mentioned that Turkey has been distant with the European Union in the past months and has “overstepped” their actions which pertain to the customs union that cannot be disregarded. Despite this complication, he described the country to be a “vital partner” as he is against the disunity as they all confront problems concerning immigration policy and terrorist threats.