Economic and company news by ForexMart
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AppleFX Tue Nov 15, 2016 6:54 pm
November 15, 2016
Economists Expect Increased Inflation Rates, Unemployment Surge Under Trump Presidency
A group of economists from Goldman Sachs Group Inc. are speculating that although a number of President-elect Donald Trump’s proposed policies could boost economic growth in the US, his other policies could possibly have a negative impact on the national economy in the long term. The group of economists came up with three possible scenarios during Trump’s presidency, the first one being a full implementation of all of Trump’s campaign platforms, the second one being an enactment of only Trump’s fiscal policies, and the third one being a hawkish Federal Reserve paired with restrictions of US immigration and trade policies.
Economists Expect Increased Inflation Rates, Unemployment Surge Under Trump Presidency
A group of economists from Goldman Sachs Group Inc. are speculating that although a number of President-elect Donald Trump’s proposed policies could boost economic growth in the US, his other policies could possibly have a negative impact on the national economy in the long term. The group of economists came up with three possible scenarios during Trump’s presidency, the first one being a full implementation of all of Trump’s campaign platforms, the second one being an enactment of only Trump’s fiscal policies, and the third one being a hawkish Federal Reserve paired with restrictions of US immigration and trade policies.
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AppleFX Wed Nov 16, 2016 5:32 pm
November 16, 2016
Morgan Stanley Bank Gained $10m After Stocks Rallied
Morgan Stanley earned more than 10 million U.S. dollars equivalent to 8 million pounds of shares after Trump’s victory in U.S. presidential election. Stocks rallied in effect of post election and the bank, Morgan Stanley collected as much as a fifth of their collated earnings as their highest for more than a year.
After the election, this has been the best performance as stocks recovered from 2008 to 2009 financial crisis. The market sees Trump’s campaign to increase inflation of infrastructures and Federal Reserve’s fiscal policies that further boost banks turnover.
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AppleFX Wed Nov 16, 2016 5:48 pm
November 16, 206
The highest-ranking Russian official accused for receiving $2m bribe
The Economy Minister of Russia, Ulyukayev were accused for accepting payments after he approved the takeover of 50% stake of Bashneft to a giant oil company, Rosneft. According to the investigators, the Russian minister collected $2m (£1.6m) worth of bribe, however, Ulyukayev pleaded not guilty on the allegation.
Alexei Ulyukayev is considered to be the highest-ranking Russian official to be dismissed and arrested since the failed coup in 1991.
The minister was arrested Tuesday morning and expected to face eight to 15 years of imprisonment but he continued to denied the blame and described it as “an act of provocation against a state official”. Moreover, the court allowed him to take a house arrest until January 15.
President Vladimir Putin take an immediate action and impeached Mr. Ulyukayev since the 60-year-old minister broke the trust of Putin. The acting economy minister recently appointed was Yevgeny Yelin.
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AppleFX Tue Nov 22, 2016 6:55 pm
November 22, 2016
Wholesale Sales Report in Canada Posed An Unexpected Decline by 1.2 Percent
An official data released in Canada stating that the Canadian Wholesale Sales dropped 1.2 per cent in September with an equivalent of $56.0 billion. This result presented a lower-than-expected 0.4 percent hope from the economists according in the report of Reuters.
On one side, the yearly average growth ease off to 2.8 percent and on the other hand, the annual growth rate for volume added 2.6 percent.
The weak data came after the decline in the five out of seven subsectors which comprises 65% of the total sales. Moreover, the food sales also endured a dipped at 1.1 percent as well as the sales in machinery with 4.0 percent decrease. While on the miscellaneous manufacturing subsector subside by 3.1 percent.
Contrarily, motor vehicles and its parts is in an upbeat tone reaching 0.7 percent increase for the month which makes 13.4 percent increase for this year.
Mainly, the BoC focuses on the percentage downturn of the machinery sector which is an indicator about the current complication over the capital expenditure.
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AppleFX Thu Nov 24, 2016 6:50 pm
November 24, 2016
DJIA, Russell 2000 Indices Extend Gains as US Economic Data Triggers Rise in Industrial Stocks
The Dow Jones Industrial Average index as well as the Russell 2000 index both experienced significant rallies as economic data releases from the region brought speculations that the US might be able to withstand the effects of the projected interest rate hike from the Federal Reserve which is set to happen in December. The DJIA reached record highs after going beyond 19,080 while the Russell 2000 continued its rallying streak for 14 consecutive days after rising by up to 0.5%. Meanwhile, industrial stocks such as Caterpillar Inc. surged by more than 1% as stated on the durable goods data and the 10-Year Treasury notes also increased in value.
DJIA, Russell 2000 Indices Extend Gains as US Economic Data Triggers Rise in Industrial Stocks
The Dow Jones Industrial Average index as well as the Russell 2000 index both experienced significant rallies as economic data releases from the region brought speculations that the US might be able to withstand the effects of the projected interest rate hike from the Federal Reserve which is set to happen in December. The DJIA reached record highs after going beyond 19,080 while the Russell 2000 continued its rallying streak for 14 consecutive days after rising by up to 0.5%. Meanwhile, industrial stocks such as Caterpillar Inc. surged by more than 1% as stated on the durable goods data and the 10-Year Treasury notes also increased in value.
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AppleFX Thu Nov 24, 2016 6:54 pm
November 24, 2016
U.S Dollar Gained Much Power Even Before Trump’s Victory
The greens continuously rise after Donald Trump won the American presidential election. However, these upsurge angst companies that imports their products to other countries which caused few investors to place the full responsibility to Trump for they earning less than their average gains because the dollar is too strong.
Moreover, these complaints were on the deck before the new U.S President-elect take his position. The squawks from companies point out that the cause of low earnings is due to the issues regarding the stronger dollar. Some of the large companies that the currency brought headwinds into their firms include Apple, Alexion Pharmaceuticals, Kraft Heinz, Procter & Gamble and Whirlpool.
According to the research made by the Pavilion Global Markets that current stance of the dollar is the top reason why companies earned worse than their expectations, followed by issues concerning Brexit, election, the Fed, and wages.
Nevertheless, Jim Paulsen from Wells Capital Management said in an interview that he predicts that the greenbacks will experience a decline for 2017 because of the increasing inflationary expectations.
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AppleFX Thu Nov 24, 2016 7:04 pm
November 24, 2016
Sluggish Trades Affect Germany’s Economic Growth
The economic growth of Germany slowed down by 0.2 percent in the third quarter even though both the government and consumer spending has significantly increased. Mainly due to the feeble foreign trading that brought an impact to Europe’s largest economy.
The Government spending rose by 1.0% while the Household spending climbed by 0.4%, both adding 0.2% to GDP economic growth. However, the net foreign trade deducted 0.3 percentage point from GDP growth since exports fell by 0.4% while imports ascended by 0.2%. This implies that the companies are withholding investments in the brink of low monetary policies of the European Central Bank.
Sluggish Trades Affect Germany’s Economic Growth
The economic growth of Germany slowed down by 0.2 percent in the third quarter even though both the government and consumer spending has significantly increased. Mainly due to the feeble foreign trading that brought an impact to Europe’s largest economy.
The Government spending rose by 1.0% while the Household spending climbed by 0.4%, both adding 0.2% to GDP economic growth. However, the net foreign trade deducted 0.3 percentage point from GDP growth since exports fell by 0.4% while imports ascended by 0.2%. This implies that the companies are withholding investments in the brink of low monetary policies of the European Central Bank.
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AppleFX Fri Nov 25, 2016 6:24 pm
November 25, 2016
Sluggish Economic Growth Supported by Economic Data
Japan undergoes slow growth reflected on the several economic indicators. Statistics from last year until early this year showed they have recovered but it is still not sufficient.
The industrial output slowed by 0.1 percent in October because of less foreign and local demand that affects production. The retail sales and household spending were also expected to slow down for 8 consecutive months after it declined by 1.2 percent and 0.6 percent respectively. The private consumption and unemployed also slowed down and moves at a steady rate.
There has been a positive results in the third quarter this year but a sustainable economic recovery is still questionable.
Sluggish Economic Growth Supported by Economic Data
Japan undergoes slow growth reflected on the several economic indicators. Statistics from last year until early this year showed they have recovered but it is still not sufficient.
The industrial output slowed by 0.1 percent in October because of less foreign and local demand that affects production. The retail sales and household spending were also expected to slow down for 8 consecutive months after it declined by 1.2 percent and 0.6 percent respectively. The private consumption and unemployed also slowed down and moves at a steady rate.
There has been a positive results in the third quarter this year but a sustainable economic recovery is still questionable.
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AppleFX Fri Nov 25, 2016 6:52 pm
November 25, 2016
Pound to Take A Break as Investors Sees a Longer Effect of Brexit
After the EU exit on June 23, the sterling had a 16 percent dip which is feasible for a huge adjustment on its economic status. Two of the most renowned Scotland-based investment company have conveyed their advice for the pound to give the pound a rest.
The Kames Capital and Standard Life Investments inferred that the aftereffect of the referendum would last a decade.
According to Andrew Milligan from the Standard Life company, the market valuates in advanced as they expected that the British economy would endure enormous changes. While Stephen Jones of Kames described the pound as the “whipping boy” of the forex market because this is the consequence from the unpleasant Brexit event.
At present, the financial situation of U.K had a worse progression which caused the pound to remain as one of the poorest performing currency among Majors, in general, followed by the Mexican peso.
Pound to Take A Break as Investors Sees a Longer Effect of Brexit
After the EU exit on June 23, the sterling had a 16 percent dip which is feasible for a huge adjustment on its economic status. Two of the most renowned Scotland-based investment company have conveyed their advice for the pound to give the pound a rest.
The Kames Capital and Standard Life Investments inferred that the aftereffect of the referendum would last a decade.
According to Andrew Milligan from the Standard Life company, the market valuates in advanced as they expected that the British economy would endure enormous changes. While Stephen Jones of Kames described the pound as the “whipping boy” of the forex market because this is the consequence from the unpleasant Brexit event.
At present, the financial situation of U.K had a worse progression which caused the pound to remain as one of the poorest performing currency among Majors, in general, followed by the Mexican peso.
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AppleFX Fri Nov 25, 2016 7:02 pm
November 25, 2016
Japanese CPI Data Records Longest Losing Streak since 2011, Drops for Eight Consecutive Months
The consumer prices data for Japan has again dropped for its eighth straight month, recording its longest losing streak since 2009-2011. This losing streak in the nation’s consumer data shows just how far Japan is from reaching its inflation target of 2%. The Bank of Japan’s primary inflation measurement, which is consumer prices minus fresh food, decreased by 0.4% last October as compared to its data from the same period last year. Consumer prices minus food and energy increased marginally and had a reading of 0.2% and was previously forecasted to come in at 0.1%. Consumer prices in general increased slightly by 0.1% with a surge in prices for fresh food making up for the drop in energy costs.
Japanese CPI Data Records Longest Losing Streak since 2011, Drops for Eight Consecutive Months
The consumer prices data for Japan has again dropped for its eighth straight month, recording its longest losing streak since 2009-2011. This losing streak in the nation’s consumer data shows just how far Japan is from reaching its inflation target of 2%. The Bank of Japan’s primary inflation measurement, which is consumer prices minus fresh food, decreased by 0.4% last October as compared to its data from the same period last year. Consumer prices minus food and energy increased marginally and had a reading of 0.2% and was previously forecasted to come in at 0.1%. Consumer prices in general increased slightly by 0.1% with a surge in prices for fresh food making up for the drop in energy costs.
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AppleFX Mon Nov 28, 2016 7:01 pm
November 28, 2016
Service Sector Affected by Low Optimism in the Economy
Low consumer spending and rise in wages affected the Service sector of U.K. for this month of November. This would bring negativity this Christmas season since pound has also depreciated. Companies rendering professional services are expected to decline in sales while it is the opposite for consumer services which is predicted to rise in sales in the next three months.
Even though, the consumer confidence has weakened, the employment growth remained steadfast. Consumer companies may allocate funds to training which will increase spending but cut down expenses on location, vehicles and machineries.
Service Sector Affected by Low Optimism in the Economy
Low consumer spending and rise in wages affected the Service sector of U.K. for this month of November. This would bring negativity this Christmas season since pound has also depreciated. Companies rendering professional services are expected to decline in sales while it is the opposite for consumer services which is predicted to rise in sales in the next three months.
Even though, the consumer confidence has weakened, the employment growth remained steadfast. Consumer companies may allocate funds to training which will increase spending but cut down expenses on location, vehicles and machineries.
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AppleFX Mon Nov 28, 2016 7:03 pm
November 28, 2016
Base Metals Continued to Surge Due to Increase in Infrastructure Spending
Metals had a persistent improvement amid on the supposition on Trump’s infrastructure expenditure and weakness in the overall inventories. Copper was able to arrive on its one-week high after the extensive downfall of the base metals. In trading copper within Asia has reached $269.90. However, investors speculate that Trump’s fiscal investment is almost $1trn which is expected to be the driving force for growth but will lessen the supplies considering the fact that China’s yuan hedging. In light of this, the bullish impetus gives rise for the demand of the trend-following fund as it was able to surge the buying pressure. Furthermore, the industrial metals sustained an upward lift amid the strengthening of the U.S dollar compared to other currencies.
Despite China’s procurement of copper as a hedge to overcome yuan devaluation, the data issued specified a positive growth in supply. There is also an expected rally in prices of other base metals in order to raise an opportunity to replenish short trading commodities.
Base Metals Continued to Surge Due to Increase in Infrastructure Spending
Metals had a persistent improvement amid on the supposition on Trump’s infrastructure expenditure and weakness in the overall inventories. Copper was able to arrive on its one-week high after the extensive downfall of the base metals. In trading copper within Asia has reached $269.90. However, investors speculate that Trump’s fiscal investment is almost $1trn which is expected to be the driving force for growth but will lessen the supplies considering the fact that China’s yuan hedging. In light of this, the bullish impetus gives rise for the demand of the trend-following fund as it was able to surge the buying pressure. Furthermore, the industrial metals sustained an upward lift amid the strengthening of the U.S dollar compared to other currencies.
Despite China’s procurement of copper as a hedge to overcome yuan devaluation, the data issued specified a positive growth in supply. There is also an expected rally in prices of other base metals in order to raise an opportunity to replenish short trading commodities.
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AppleFX Mon Nov 28, 2016 7:13 pm
November 28, 2016
Gold Recovers from Nine-Month Slump as USD Drops
Gold stocks were able to recover from its recent nine-month slump as the USD’s strength which sent gold prices down and pushed silver into a bearish market finally fizzled out. As gold finally clocked in its first increases in four days, its weekly loss was cut back by up to 2%, while prices have all but decreased following the release of highly positive economic data and expected increase in national spending after Trump’s recent win increased market expectations of added interest rates. As a result, a lot of investors are now selling off gold-backed investments, the fastest selloff seen in three years.
Gold Recovers from Nine-Month Slump as USD Drops
Gold stocks were able to recover from its recent nine-month slump as the USD’s strength which sent gold prices down and pushed silver into a bearish market finally fizzled out. As gold finally clocked in its first increases in four days, its weekly loss was cut back by up to 2%, while prices have all but decreased following the release of highly positive economic data and expected increase in national spending after Trump’s recent win increased market expectations of added interest rates. As a result, a lot of investors are now selling off gold-backed investments, the fastest selloff seen in three years.
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AppleFX Mon Nov 28, 2016 7:20 pm
ForexMart Launches Web Terminal for Traders
We have launched a trading web terminal which will be available to all ForexMart clients.
This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.
The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.
The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit <here> or you can contact our customer service at support@forexmart.com
We have launched a trading web terminal which will be available to all ForexMart clients.
This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.
The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.
The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit <here> or you can contact our customer service at support@forexmart.com
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AppleFX Mon Nov 28, 2016 7:24 pm
Las Palmas VIP Ticket Raffle 2016/17
ForexMart clients can now have a unique opportunity to get VIP tickets and watch games in Las Palmas for free!
ForexMart is pleased to announce that we will be giving away free VIP ticket passes to watch Union Deportiva Las Palmas play against the best European football teams to all of our active clients.
This raffle is open to all active ForexMart traders, and each client will immediately get ONE (1) entry to the ticket raffle. Winners of this particular raffle will be able to get a confirmation via their emails.
For more details with regards to this raffle giveaway, kindly visit ForexMart’s official raffle page.
If you do not have a trading account with us yet and want to join ForexMart’s VIP ticket raffle, you can sign up <here> now and have your account validated instantly! Sign up and get a chance to join and win awesome prizes from ForexMart!
ForexMart clients can now have a unique opportunity to get VIP tickets and watch games in Las Palmas for free!
ForexMart is pleased to announce that we will be giving away free VIP ticket passes to watch Union Deportiva Las Palmas play against the best European football teams to all of our active clients.
This raffle is open to all active ForexMart traders, and each client will immediately get ONE (1) entry to the ticket raffle. Winners of this particular raffle will be able to get a confirmation via their emails.
For more details with regards to this raffle giveaway, kindly visit ForexMart’s official raffle page.
If you do not have a trading account with us yet and want to join ForexMart’s VIP ticket raffle, you can sign up <here> now and have your account validated instantly! Sign up and get a chance to join and win awesome prizes from ForexMart!
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AppleFX Mon Dec 05, 2016 7:05 pm
December 5, 2016
Euro Drops, Bonds Surge as Italy Says No to Constitutional Reforms
The EUR plummeted along with Asian stocks while bond prices surged after the Italian government voted “No” on the referendum for constitutional reforms, which sparked concerns that this recent development in the country will induce instability in the Italian economy and boost nationalist organizations. The euro hit its lowest point in almost two years after Italian PM Renzi announced his resignation. UK-based stocks and Asian shares index futures also dropped, while government debt recoiled in Treasuries during Friday’s session.
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AppleFX Wed Dec 07, 2016 3:45 pm
December 7, 2016
GBP Hits Highest Level in Two Months as Market Hopes UK Government Loses Brexit Case
The sterling pound hit a two-month high after the UK Supreme Court recently concluded its second day of arguments with regards to discussing the right to commence the Brexit referendum, or the UK’s imminent separation from the EU. The GBP recorded its sixth day of increase against the USD, its second consecutive monthly gain since November. The UK government has already lost a Supreme Court case, which was about whether the Parliament should be first given the right to do a vote before the actual implementation of Theresa May’s Brexit strategies.
GBP Hits Highest Level in Two Months as Market Hopes UK Government Loses Brexit Case
The sterling pound hit a two-month high after the UK Supreme Court recently concluded its second day of arguments with regards to discussing the right to commence the Brexit referendum, or the UK’s imminent separation from the EU. The GBP recorded its sixth day of increase against the USD, its second consecutive monthly gain since November. The UK government has already lost a Supreme Court case, which was about whether the Parliament should be first given the right to do a vote before the actual implementation of Theresa May’s Brexit strategies.
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AppleFX Wed Dec 07, 2016 6:04 pm
RBA interest rate decision remained at 1.5%
The central bank of Australia or also known as RBA has announced their final decision during the board meeting held every month. The Reserve Bank of Australia made a resolution to keep their rates unchanged with a record low reaching 1.50 percent.
According to a site whose purpose is to compare mortgage rates, finder.com.au have made a survey among 75 experts in the industry and most them expected that rates will still be consistent. Furthermore, they support the RBA’s decision as there is no reason to demand the bank to employ such changes. Many professionals from the industry anticipate that the next move of the Australian financial system will be on the upcoming February 2017.
The central bank of Australia or also known as RBA has announced their final decision during the board meeting held every month. The Reserve Bank of Australia made a resolution to keep their rates unchanged with a record low reaching 1.50 percent.
According to a site whose purpose is to compare mortgage rates, finder.com.au have made a survey among 75 experts in the industry and most them expected that rates will still be consistent. Furthermore, they support the RBA’s decision as there is no reason to demand the bank to employ such changes. Many professionals from the industry anticipate that the next move of the Australian financial system will be on the upcoming February 2017.
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AppleFX Wed Dec 07, 2016 6:48 pm
Australia's Economy Weakened by 0.5% in Third Quarter 2016
The Australia’s economy declined more than the anticipated 0.5% in the month of September which is set to be the first recorded three months of low growth in the span of five years. The annual economic growth rate also declined from 3.3% to 1.8%
Global growth is also stagnant for this year and the labor market also weaker compared in 2015. An economist has stated that the economic growth was also dampen by the election campaign in the months of June and July that pulled the numbers to record highs brought by economic and political uncertainty. This has influenced the consumer and business activities although it has been forecasted that the the economy will regain in the last month of the year.
The Australia’s economy declined more than the anticipated 0.5% in the month of September which is set to be the first recorded three months of low growth in the span of five years. The annual economic growth rate also declined from 3.3% to 1.8%
Global growth is also stagnant for this year and the labor market also weaker compared in 2015. An economist has stated that the economic growth was also dampen by the election campaign in the months of June and July that pulled the numbers to record highs brought by economic and political uncertainty. This has influenced the consumer and business activities although it has been forecasted that the the economy will regain in the last month of the year.
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AppleFX Thu Dec 08, 2016 2:54 pm
ForexMart at ShowFx World in Kiev
This coming December 17-18, 2016, ForexMart will be joining other exhibitors in the upcoming ShowFx World Exhibition to be held at the Hyatt Regency in Kiev, Ukraine. This particular event is dedicated to bridging the gaps between traders and brokers and will feature major brokerage firms and other prominent figures in the financial industry.
The ShowFx World Expo will give attendees the chance to attend various workshops and seminars spearheaded by some of the world’s top experts in the trading industry, learn the most effective personal finance managing tips from leading financial gurus, and win prizes from raffle draws and get giveaways from the organizers and participating firms.
Attendees to the said conference can also get the chance to get advice from participating brokers and learn more about the participants by getting introduced to their products and services, as well as their respective achievements. Admission to the ShowFx World Exhibition Kiev is absolutely for free.
This coming December 17-18, 2016, ForexMart will be joining other exhibitors in the upcoming ShowFx World Exhibition to be held at the Hyatt Regency in Kiev, Ukraine. This particular event is dedicated to bridging the gaps between traders and brokers and will feature major brokerage firms and other prominent figures in the financial industry.
The ShowFx World Expo will give attendees the chance to attend various workshops and seminars spearheaded by some of the world’s top experts in the trading industry, learn the most effective personal finance managing tips from leading financial gurus, and win prizes from raffle draws and get giveaways from the organizers and participating firms.
Attendees to the said conference can also get the chance to get advice from participating brokers and learn more about the participants by getting introduced to their products and services, as well as their respective achievements. Admission to the ShowFx World Exhibition Kiev is absolutely for free.
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AppleFX Thu Dec 08, 2016 3:57 pm
RSS feed
Dear Clients!
We are glad to inform you that RSS-subscription is now available on our website. Please add our News section to any application for reading RSS-feeds and you can always be aware of all the events of our company in a convenient format.
Dear Clients!
We are glad to inform you that RSS-subscription is now available on our website. Please add our News section to any application for reading RSS-feeds and you can always be aware of all the events of our company in a convenient format.
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AppleFX Fri Dec 09, 2016 6:01 pm
Japan’s Economic Growth Rate is Weaker for the Third-quarter
The Japanese economy presented a lower-than-expected data during the third quarter of this year. According to the country’s Cabinet Office, Japan obtained 1.3% growth for the past three months until September versus to the results of the previous year. However, the initial estimate is 2.2% which is comparably weaker to the final result. Included in the recently presented data is the investments from various companies which is also lower than the earlier evaluation. The CapEx dropped by 0.4% as of this quarter due to the lesser investments from the steel and real estate industries. Furthermore, another data have revealed that the services sector is developing along with the increase in consumer spending.
The Japanese economy presented a lower-than-expected data during the third quarter of this year. According to the country’s Cabinet Office, Japan obtained 1.3% growth for the past three months until September versus to the results of the previous year. However, the initial estimate is 2.2% which is comparably weaker to the final result. Included in the recently presented data is the investments from various companies which is also lower than the earlier evaluation. The CapEx dropped by 0.4% as of this quarter due to the lesser investments from the steel and real estate industries. Furthermore, another data have revealed that the services sector is developing along with the increase in consumer spending.
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AppleFX Mon Dec 12, 2016 2:20 pm
December 12, 2016
EU Stocks Surge, Extend its Longest Rallying Streak in Two Years
European stocks extended its longest rallying streak during Friday’s trading session, with EU stocks hitting its highest rallies in over two years following highly supportive projected policy plans from the European Central Bank. The Euro Stoxx 50 Index closed down the previous session within 0.7% of an impending bullish market, while the Stoxx Europe 600 Index increased by 1%. The Italian FTSE MIB Index meanwhile dropped by 0.7% after posting its highest three-day increase in six months.
EU Stocks Surge, Extend its Longest Rallying Streak in Two Years
European stocks extended its longest rallying streak during Friday’s trading session, with EU stocks hitting its highest rallies in over two years following highly supportive projected policy plans from the European Central Bank. The Euro Stoxx 50 Index closed down the previous session within 0.7% of an impending bullish market, while the Stoxx Europe 600 Index increased by 1%. The Italian FTSE MIB Index meanwhile dropped by 0.7% after posting its highest three-day increase in six months.
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AppleFX Mon Dec 12, 2016 7:16 pm
December 12, 2016
Demonetisation of 100-Bolivar Notes
The Republic of Venezuela made its announcement regarding the official replacement of the country’s banknotes, it will be fill in with coins within 3 days. The government decided to remove the 100-bolivar notes in order to minimize the smuggling of various items including foods. According to Nicolas Maduro, Venezuelan President, the syndicates run their operations within the border of the country cannot execute the repatriation of the notes. The most recent amount of the former “highest denomination” bill - 100 bolivar note is 2 US cents (£0.015). Moreover, the so-called “terrestrial paradise” are now dealing with a severe crisis both in political and economic sector since the region are included in the list of the world’s highest rates of inflation.
Demonetisation of 100-Bolivar Notes
The Republic of Venezuela made its announcement regarding the official replacement of the country’s banknotes, it will be fill in with coins within 3 days. The government decided to remove the 100-bolivar notes in order to minimize the smuggling of various items including foods. According to Nicolas Maduro, Venezuelan President, the syndicates run their operations within the border of the country cannot execute the repatriation of the notes. The most recent amount of the former “highest denomination” bill - 100 bolivar note is 2 US cents (£0.015). Moreover, the so-called “terrestrial paradise” are now dealing with a severe crisis both in political and economic sector since the region are included in the list of the world’s highest rates of inflation.
AppleFX- Posts : 933
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Re: Economic and company news by ForexMart
AppleFX Mon Dec 12, 2016 7:42 pm
Cut in Oil Production Lead to Oil Price Hike
Oil prices surged to new highs since 2015 after OPEC and other oil producers come up with an agreement to lessen output production to counterbalance the oversupply in the economy.
The agreement entails 1.0 million barrels per day reduction, lesser to the planned cut of 1.6 million barrels per day with the accrued 1.76 million barrels per day(bpd) from 24 countries. The former 52.6 million bpd equivalent to 54 percent of global oil supply. If the planned cut was followed, there will be higher risks involved.
OPEC aims to cut output by 1.2 million bpd on January 1st from the top exporter Saudi Arabia with a bid of 486,000 bpd to stop overproduction.
Oil prices surged to new highs since 2015 after OPEC and other oil producers come up with an agreement to lessen output production to counterbalance the oversupply in the economy.
The agreement entails 1.0 million barrels per day reduction, lesser to the planned cut of 1.6 million barrels per day with the accrued 1.76 million barrels per day(bpd) from 24 countries. The former 52.6 million bpd equivalent to 54 percent of global oil supply. If the planned cut was followed, there will be higher risks involved.
OPEC aims to cut output by 1.2 million bpd on January 1st from the top exporter Saudi Arabia with a bid of 486,000 bpd to stop overproduction.
AppleFX- Posts : 933
Join date : 2016-10-27
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