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AppleFXMart · Guru

Economic and company news by ForexMart

AppleFXMart · Guru

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.

AppleFXMart · Guru

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.

AppleFXMart · Guru

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 nations consumer data shows just how far Japan is from reaching its inflation target of 2%. The Bank of Japans 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.

AppleFXMart · Guru

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.

AppleFXMart · Guru

November 28, 2016
Base Metals Continued to Surge Due to Increase in Infrastructure Spending
Metals had a persistent improvement amid on the supposition on Trumps 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 Trumps fiscal investment is almost $1trn which is expected to be the driving force for growth but will lessen the supplies considering the fact that Chinas 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 Chinas 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.

AppleFXMart · Guru

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 USDs 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 Trumps 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.

AppleFXMart · Guru

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 or you can contact our customer service at support@forexmart.com

AppleFXMart · Guru

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 ForexMarts official raffle page.
If you do not have a trading account with us yet and want to join ForexMarts VIP ticket raffle, you can sign up now and have your account validated instantly! Sign up and get a chance to join and win awesome prizes from ForexMart!

AppleFXMart · Guru

ForexMart Signs Contract with HKM Zvolen

ForexMart officially announces a new partnership with HKM Zvolen.

The Forex broker is a rising name in the Forex industry having been in the spotlight recently for winning the Best Newcomer Brokerage 2016 in the latest Global Business Outlook awards ceremony. Meanwhile, HKM Zvolen is a recognized hockey club in Slovakia famous for its rich history and for winning the Slovak league championship twice and the 2005 IIHF Continental Cup.

The said partnership implies to include joint campaigns, collaborative projects, and a sponsorship. The move of ForexMart to partner with a prominent sports team such as HKM Zvolen is believed to be a move to boost the company as a Forex brokerage and the hockey club as a team that excel in their respective industries. This new contract will integrate the activities and goals of ForexMart and HKM Zvolen to elevate each others brand.

The new partners are currently busy in their own fields with HKM Zvolen getting ready for a new hockey season while ForexMart is developing more promotions and introducing new features in its business.

ForexMart have expressed their plans to expand business by partnering with groups beyond the financial field. The Forex broker has already partnered with prominent names in sports including racing legend Rick Parfitt Jnrs RPJ Racing and Union Deportiva Las Palmas team.

AppleFXMart · Guru

December 2, 2016
US Stocks, Tech Shares Drop as Banks Extend Rallies
US stocks plummeted from its recent all-time price increase while equities surged and clocked in its first upbeat data after a four-month slump, while technology shares dropped in spite of extended gains in energy and bank shares. The S&P 500 index dropped by 0.4% at 2,191.08 points during the North American session while the benchmark index reached a 3.4% increase, its highest rally in almost eight months. This sudden surge came along with speculations that president-elect Donald Trump will be implementing certain fiscal and monetary policies which could possibly help in strengthening the US economy.

AppleFXMart · Guru

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 Fridays session.

AppleFXMart · Guru

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 UKs 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 Mays Brexit strategies.

AppleFXMart · Guru

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 RBAs 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.

AppleFXMart · Guru

Australia's Economy Weakened by 0.5% in Third Quarter 2016
The Australias 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.

AppleFXMart · Guru

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 worlds 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.

AppleFXMart · Guru

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AppleFXMart · Guru

Japans 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 countrys 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.

AppleFXMart · Guru

December 12, 2016
EU Stocks Surge, Extend its Longest Rallying Streak in Two Years
European stocks extended its longest rallying streak during Fridays 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.

AppleFXMart · Guru

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.

AppleFXMart · Guru

December 20, 2016

Oil Ends Up Near $52 BPD as Investors Monitor Return of Libyan Crude

Oil prices ended up at nearly $52 barrels per day after investors shifted their focus to the possibility of Libyan crude oil supply returning as well as output cut returns in January following the recent agreement between OPEC and non-OPEC oil producers to cut back on oil production. The market is now expecting major cutbacks from major oil suppliers starting next year, with Saudi Arabia said to be planning to cutback smaller crude oil volumes being sold to Asia as compared to other regions.

AppleFXMart · Guru

December 20, 2016
German Business Climate Hit A Higher Level in December
The highly-regarded business climate index of the Germany published its data which showed an upbeat for the month of December, considering the economic indicator to attain its highest rate since February 2014. According to the quantification of Munich Institute for Economic Research (Ifo), the index amp up to 110.4 points last month and earned 111 points for December by which presented a better-than-expected result of the market and economists, the anticipated outcome is only 110.7 points.
The Business Expectations Index is designed to gauge various sentiments regarding the probable profits from businesses for the following six months have increased up to 105.6 for the last month of this year and exceeded the 105.5 expectations.
Clemens Fuest, President of the Ifo, said that the economic status of Germany had established a more stabilize position until the last month of 2016. The 48-year-old economist also mentioned that there is an increase in the indices of wholesale and industrial sales. In addition to it, various companies under the manufacturing sector also plan to expand its production for the following months.

AppleFXMart · Guru

December 21, 2016
U.S College Graduates to Enter the 'Strongest Job Market in a Decade, says Fed Chair
On Monday, the Federal Reserve Chair Janet Yellen spoke to the graduates of the University of Baltimore and leave the words Get a college degree, Yellen affirmed these to the young Americans because the U.S job market are becoming the strongest among other countries since the unemployment rate is as low as 4.6% since 2007. Moreover, policymakers also acknowledged the development in the economy for the previous week which made them decide a second-time rate hike after a decade.
The Fed Chair also stated that the future of the job seekers seems positive, particularly for a college degree holder by which the unemployed college graduates is approximately 2.3%.
She also mentioned the two important forces, improving technologies and globalization, to complete the formal learning of the higher education.
Moreover, she did not discuss anything about her work regarding monetary policy.

AppleFXMart · Guru

December 27, December 27, 2016
Expected Resurgence of Russia in 2017
After years of recession, Russia is about to come back for next year. Although it does not mean performance in the stock market that has already increased by 40% to the present. The Russian Finance Minister said that the economy will grow by 1.5% from a -3% advancement in the past two years.
Investors also strive for a removal of sanctions in 2017 concerning oil and gas after a certain company lost $1 billion due to Russian penalties. The GDP for 2016 is projected to position at -0.5% which an improvement than the predicted -0.6% according to the Ministry of Economic Development. Nonetheless, this year will not close positively but a promising start in 2017 after getting behind for 2 years.

AppleFXMart · Guru

December 27, 2016
US Consumer Sentiment Rose in December Since 2004
The victory of Donald Trump caused the consumer confidence index (CCI) to continuously increased according to the survey conducted by the University of Michigan. The CCI rose to 98.2 which is considered its highest level from 2004, closed to its initial estimate of 98. The growth of sentiment index seems passive compared during the post-election period which took place as the December begins and in November as well.
Moreover, consumers heightened their confidence since number of jobs are improved. However, the survey made last month showed that the people who are confident are those who attained a college degree as well as those families from the Northeast.
This improvement stimulates the hope for an economic boom, however, it does not necessarily mean for an immediate economic expansion. It is inclined with the actual data that was evaluated from the US economy amid the election period. The economists said that the confidence can be maintained but with the help of the administration who will generate evident results.

AppleFXMart · Guru

December 27, 2016
USD Retreats from China-backed Increase, Sets Record Lows Against Yen

The USD dropped from its recently high levels during the mid-morning trading session in spite of maintaining some of its profits as opposed to majority of its G-10 colleagues. The dollar dropped immediately after Chinas Xi Jinping released a statement saying that he is open to Chinas economic growth retreating below the countrys target of 6.5%. The USD/JPY traded at 117.26 points after posting session lows of 117.18 points.

AppleFXMart · Guru

December 28, 2016
US Stocks Trade Near Record High as Oil Prices Surge, Bonds Drop
US stocks traded within its record highs in the midst of low market liquidity after oil prices clocked in its longest gain streak within a four-month period. Meanwhile, US treasuries dropped following a weakening in the demand in a two-year notes auction. The rise in oil prices for the seventh straight day is a response to anticipation from majority of market players that the recent production cuts from both non-OPEC and OPEC member nations will be vital in the reduction of a supply surplus.

AppleFXMart · Guru

December 28, 2016
Vietnam Fast Economic Growth Gained More Than 6% in GDP
Vietnams economy rose by 6.21% this year being the fastest country to grow in the manufacturing sector. Its trade exports remain strong as it grew by 8.6% for this year despite sluggish global that is affecting other countries such as Singapore and China.

The Gross Domestic Product climbed 6.68% in the fourth quarter last year while an improvement of 6.56% was seen since September as stated by the General Statistics Office of Hanoi. The forecasted economic growth of the country by the Asian Development Bank is 63 percent for 2017 giving a positive outlook in the next several years and standout from the rest of Asian countries.

AppleFXMart · Guru

December 28, 2016
Chinas Economy Remains Stable Until 2017
The Bureau of Statistics released the GDP of China showing 6.7% growth during the previous three quarters of 2016. The worlds second-largest economy established a stable growth which is a sign for the possible completion of the countrys target for the year.
The issued data further presented an economic stability under the industrial sector, consumption and investing sector from October to November. While the service industry rose because of an upbeat in agriculture. Chinese officials from the National Development and Reform Commission (NDRC) are confident that the positive trends will continue until 2017. Stephen Roach, an economist told the China Daily that the attainment of the governments target GDP growth will account for 1.2 percentage points.

AppleFXMart · Guru

December 29, 2016
USD Reaches 14-Year Highs as EUR Plummets to Lowest Levels in 2016
The US dollar surged to its highest levels for this week and has nearly reached its highest trading range since 2002 as seen in the DXY index. Meanwhile, the EUR received the brunt of losses against the USD as compared to other currencies after losing about 0.6% of its previous trading value. Dollar gains were somewhat paired after the 10-year Treasury yields dropped to new session lows of 2.52% following a high auction demand for 5-year notes worth $34.0 billion.

AppleFXMart · Guru

January 3, 2017
Singaporean GDP Surges as Economic Growth Exceeds Expectations
The economic growth of Singapore has heightened significantly and has recently recorded its fastest growth within a three-year span during the previous quarter as a result of services and manufacturing data regaining some of its recent losses. The nations GDP increased by 9.1% during the last quarter of 2016, its fastest pace since the second quarter of 2013. Meanwhile, the overall annual growth for 2016 clocked in at a growth of 1.8%, the countrys slowest GDP growth since 2009.

AppleFXMart · Guru

January 3, 2017

Highest Remittances to Mexico Surged Over 10 Years Due to Trumps Victory

The Remittances to Mexico has set a record-high in November over the past ten years er induced by the victory of Trump in U.S. presidential election. He has put the confidence in peso down bringing to record lows after the unexpected win of Trump and put at risk the money transfers. Trump has threatened Mexicans that money transfers will be hampered until theres an agreement for payment for building the enormous wall to fence off all the illegal immigrants.
Almost $2.4 billion transfers were tallied from Mexicans abroad ranking higher than last year 24.7 percent, marking as their rapid expansion since March 2006. The Central bank of Mexico publicized that the recorded $27 billion remittances to Mexico in 2016 higher than the $2 billion in 2015

AppleFXMart · Guru

January 3, 2017

The Outlook for the Economy in 2017

The expected economic performance for 2017 appears to be very much alike with 2016 outlook. The economists surveyed by Reuters said it would be uneven and unspectacular. The optimism from investors is the result of the world economy breakout. While experts also mentioned the slowdown within the global trading as it became evident amid the minor recovery in the financial depression begun almost after a decade.
The emerging market remained to be seen as susceptible. The Asian markets are expected to have lesser growth seeing the 2017 prediction for global growth is 3.2 percent whereby the calculation appeared to be slightly less confident compared with last year.
The strength of the US dollar versus other currencies had influence developing economies in regulating a higher rate of inflation and with regards the declining index of business confidence.
The American economy had a high need for improving the output of every worker in order to prosper. On the other hand, the eurozone had recently accelerated since the European Central Bank had continuously purchase bonds per month worth ten billion euro. Moreover, the ongoing elections in the countries France, Germany and Netherlands is regarded a threat to the status quo of the Euro region.
Finally, the tightening campaigns of the central banks weakened the power of the global monetary policy.

AppleFXMart · Guru

January 4, 2017
Positive US Economic Data Stimulates Three-Month Dollar Index Surge
The USD has recently surged to its highest levels in 14 years as a string of highly positive economic data from the US increased the bullish outlook for the said currency this 2017. The USD increased further after US manufacturing data exhibited its fastest pace during a two-year period. Traders are now waiting for the release of the minutes of the Federal Reserves meeting which is set on Wednesday, as well as the US employment data which is scheduled to be released this coming Friday. as these are expected to determine whether the increasing value of the US dollar would still be retained in the coming days.

AppleFXMart · Guru

January 4, 2017
Oil Price Climbed Due to Limited supply
Oil moved higher this day as price hikes caused by the supply reduction of crude from top oil exporters such as Saudi Arabia. Moreover, the appreciation of U.S. dollar and steady advancement of the economy have limited returns.
Physical oil supplies has been constricted since production output has significantly lessened which was enacted to end the oil glut. Hence, oil producers were propelled to raise its prices. On the other hand, imports also became expensive because of U.S. dollar strengthening. The official selling price is set to increase in February.

AppleFXMart · Guru

January 5, 2017
US Treasuries Whipsaw as FOMC Minutes Shifts Focus on USD and Fiscal Policies
US Treasuries careened between losses and gains after the minutes from the FOMC meeting last December showed that majority of the Federal Reserves officials have shifted their focus on slowing down the frequency of interest rate hikes. The minutes also revealed that various risks from the central banks fiscal policies is seen as a catalyst for speedier economic growth. The minutes of the FOMC showed a docile hawkishness but lacked any dovishness in its stance.

AppleFXMart · Guru

January 5, 2017
Inflation rate in the Eurozone Rack Up
The inflation rate in the European region had increased, reaching its highest pace after three years. The surge is driven by the price hike for alcohol and tobacco, energy and food.
Based on the report from the Eurostat, the inflation percentage for December gained 1.1% which is notably higher from Novembers result of 0.6%.
The highest rate occurred last 2013 in the month of September by which the result is also 1.1%. The final outcome is higher-than-expected which made the ECBs target less than 2%.
The energy prices surge by 2.5% yearly, while the value of food and intoxicants grew by 1.2% year over year. Moreover, the energy costs rose due to OPECs resolution to decrease the production output.
The sharp jump lessened the fears of Europe regarding the possible deflation which could weakened the eurozones economic growth. Meanwhile, other core prices compelled by world markets had a limited rise from 0.8% to 0.9% only, this little progress would mean that the Decembers inflation is short-lived according to analysts.

AppleFXMart · Guru

January 5, 2017
Countermeasures of China to Curb Yuan in 2017
Yuan rallied this year especially the offshore trading and China is creating its contingency plan to curb the capital outflows for 2017. The offshore yuan climbed 0.9 percent to 6.8958 against U.S. dollar which is the highest increment since January 2016.
This plan was thought to counter recovering U.S. dollar while countrys capital outflow increases. Moreover, the ongoing threat from changes in U.S. policies regarding exports under Trumps presidency. China might also sell U.S. Treasuries this year if necessary to secure the currency. This is predicted to expand the supply for foreign exchange within the onshore market and in return would support yuan in the short term.

AppleFXMart · Guru

January 10, 2017

USD Surges as Traders Boost Odds for Interest Rate Hike in March

The US dollar surged in value against the Japanese yen and remained just above 117.00 points for the duration of the Asian trading session after a series of US data, including the US jobs and wage data increased the possibility that the Federal Reserve would be increasing its interest rates again this year. The market odds for an interest rate hike for 2017 increased from 31% to 35%, while the sterling pound dropped in value after UK Prime Minister Theresa May remained steadfast in her decision to remove the UK from the whole of the European Union.

AppleFXMart · Guru

January 10, 2017

Pound Dropped due to Mays Brexit Remarks

The British currency declined by 1% and fell sharply to its two-month low versus other major pairs due to the commentary made by Prime Minister Theresa May. The 60-year old politician announced that the country will continue conducting the hard Brexit. The weakness of the pound was felt generally by other currencies except by the Turkish lira. Furthermore, PM May also told in an interview that she prefer to embed the best arrangement to work out regarding the EU exit. She mentioned also that the idea to "keep bits of membership" is already excluded.
On Monday, the Great Britain pound is relatively lower by 1.05% compared with the U.S dollar with $1.2155 and down at 1.41% against the euro at 1.1501.
According to Neil Wilson, markets analyst at ETX Capital, the sterling retreated after May expressed her remarks which signaled that the UK government would not prioritize single market access thus will focus more on immigration border law.

AppleFXMart · Guru

January 10, 2017

$11 Billion Growth of Local Economic Forecast on L.A. Olympic 2024

Host of the next Olympic games is expected to increase its local economic output as much as $11.2 billion and generate over 74,000 full-time jobs. Most of these jobs are full-time but only transient. Nevertheless, these are still substantial and means money outflow.
Leaders direct its goals to cut the expenses that usually left the country with shortages and high debts. Hence, they try to utilize their existing arenas and stadiums. The reports from the bid committee give a positive outlook in 2024 Olympics with Los Angeles as one of them. The International Olympic Committee set its selection date in September.

AppleFXMart · Guru

January 11, 2017
World Economy could Receive Boost from Tax Cuts, Says World Bank
The World Bank has stated that Trumps proposed tax cuts and other spending policies could possibly help in boosting the global economy in spite of the concerns surrounding his proposed trading policies. The international development lender further added that the incoming administration could possibly endanger the recent gains caused by various economic stimuli once it implements the setting up of certain trading boundaries which could trigger counter-policies from neighboring countries such as Canada and the UK.

AppleFXMart · Guru

January 11, 2017

President Trumps first news conference on January 11

After the victory of Donald Trump in the U.S election two months ago, the 45th American President will conduct his first news conference on January 11 at 11 a.m. The time zone is inclined to New York City White House or commonly called as Trump Tower.

In spite of his active presence on a microblogging site, Twitter, this is the first time that he will have a formal exchange of question and answer associated with the press.

Traders supposed the late day market sell-off could weigh over the investors which trigger their angst against what might Trump will say in the presscon.

The agenda of the forum is not about anything specific about the President or his staffs. According to the general agreement, the President elect of the United States (PEOTUS) will answer the point of issues thrown by the media which includes the nullification of Affordable Care Act, confirmation of hearings for the Cabinet nominees, immigration and commercial policy in US, prospective business policies, conflicts of interest regarding his incumbency and lastly, his choice for the Special Advisor to the President.

AppleFXMart · Guru

January 11, 2017 President Trumps first news conference on January 11 After the victory of Donald Trump in the U.S election two months ago, the 45th American President will conduct his first news conference on January 11 at 11 a.m. The time zone is inclined to New York City White House or commonly called as Trump Tower. In spite of his active presence on a microblogging site, Twitter, this is the first time that he will have a formal exchange of question and answer associated with the press. Traders supposed the late day market sell-off could weigh over the investors which trigger their angst against what might Trump will say in the presscon. The agenda of the forum is not about anything specific about the President or his staffs. According to the general agreement, the President elect of the United States (PEOTUS) will answer the point of issues thrown by the media which includes the nullification of Affordable Care Act, confirmation of hearings for the Cabinet nominees, immigration and commercial policy in US, prospective business policies, conflicts of interest regarding his incumbency and lastly, his choice for the Special Advisor to the President.

AppleFXMart · Guru

January 12, 2017

USD Plummets, Stocks Rise as Trump Disappoints Market Anew

The USD weakened dramatically during the previous trading sessions while stocks surged in value following president-elect Donald Trumps first press conference since last July, wherein he disappointed a lot of market players after he merely talked about his personal interests and business enemies, including his plans to build a Mexican border in the next two years instead of outlining his administrations economic and fiscal policies for the next four years. Meanwhile, US Treasuries recovered its losses and the Mexican peso dropped further in value following Trumps statement regarding US business relations with Mexico.

AppleFXMart · Guru

January 12, 2017

Aggressive Rate Cut of Brazil Giving Positive Outlook to the Economy

The Central Bank of Brazil reduced its Selic rate benchmark abruptly in their attempt to boost the weak economy of the country as a result of the unanimous vote on Wednesday. It lowered by three quarters of a point to thirteen percent instead of the forecasted four points. This has been the lowest rate cut since October last year.
According to the central bank, the inflation aligns with the target although the economic growth is still poor. Even though inflation has slower pace of growth for more than two years, there are still pile of debts and wavering confidence from businesses and consumers as consumer prices increase more that hamper progress in the economy.

AppleFXMart · Guru

January 12, 2017

BOEs Carney Reversed Warnings on Brexit Danger to UK

Brexit poses no risk at all towards the UK economy, BOEs Governor Mark Carney told the Members of Parliament. The governor confirmed the perils about the Banks decision to leave the European Union were already reduced. However, the likelihood of risk is considered to be elevated since the danger weigh more within the continent of Europe than the UK.
Carney also mentioned there is a need to undertake the transition period and further marked it as "highly advisable". Failure to carry out the stage for transition will bear consequences by which this major changes will be the support in alleviating the possible fallout.
The Canadian economist said the country should focus on stabilizing the access in financial services industry as Brexit took place eventually. The financial market is subjected to endure extreme consequences in case it lose some of its elements.

AppleFXMart · Guru

January 16, 2017

Oil prices Amp Up as the Dollar Weakens

Oil prices edged higher as the dollar weaken and the expectations about Organization of the Petroleum Exporting Countries (OPEC) en masse with other producers will reduce its output since it's part of the deal in curbing the worldwide overproduction.

According to traders the prices appears to be buoyant due to the sluggish stance of greens which made fuel cost cheaper for countries that utilize foreign currencies
The oil further accumulated support from the issued reduction for crude production which includes major producers in Russia.

OPEC also mentioned that they would cut down the quantity they produced with 1.2 million barrels each day to 32.5 million bpd starting 1st of January. However, there are assumptions that the Austria-based company will not totally execute the declared cutback whereas the agreement of 50 to 80 percent are adequate to support petroleum purchase.

AppleFXMart · Guru

January 16, 2017

Economic Assessment Shows a Moderate Growth of Japans Economy

The Bank of Japan economic assessment shows a positive outlook in its quarterly report on Monday. Three out of nine regions saying giving a moderate economic recovery while other regions stay the same because of higher private consumption and increase in demand from Emerging Asian countries. On the other hand, retails sales increased in November with the tightening of the labor market as wages rises as well.

This the first time after seven quarters passed with BOJ raising its assessment for different regions implying that the country is in its way to recovery at a moderate pace. It is anticipated by the analysts that the central bank will delay its planned stimulus in the next months as the economy moves having an optimistic future for the country.

AppleFXMart · Guru

January 16, 2017
GBP Drops by 1.6% as Theresa May Preps for Hard Brexit
The sterling pound dropped by as much as 1.6% and has settled below $1.20 for the first time since Octobers infamous flash crash following reports from the market that UK PM Theresa May will soon be outlining her plans of removing UK from the EU single market as part of her attempt to take back control of UK borders, as well as laws. The GBP dropped significantly in comparison to other major currencies after general market concerns that Theresa May will be opting for a hard Brexit and is planning to pull out UK from tariff-free trading in order to put a stop to immigration while promoting trading with other countries.