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May 30, 2017

Germany Negotiate Wages Increased by 2.8 Percent

The negotiated wages in Germany climbed by 2.8 percent in the first quarter which has significantly improved than the previous year according to the data released on Tuesday. These wages comprise of basic pay, one transaction settlement, yearly bonuses and back remuneration from salary deals. An estimated 17 million workers in Germany from companies who transact every one to two years.

In comparison, the present 2.8 percent growth from January to March is more than the long-term average of 2.5 percent than the last quarter of 2016. It also ascended at a faster rate than the 2.5 percent for the past five years indicating a rise in wage growth from a 2.2 percent elevation in the fourth quarter last year. It exceeded that increase in consumer costs augmenting by 1.9 percent in the same period implying that households have more disposable income amid a rising inflation.

AUD/USD Technical Analysis: May 31, 2017

The Australian dollar declined during the Tuesday trading session. Enough supportive is found close to the 0.74 region to reverse the trend and raise the price much higher. If the bullish pressure is sustained A break higher than the 0.7450 level will bring the price up towards the 0.75 level which was resistive before.

It wont take long before the prices to go up and further be supported by the gold market with chances to go higher also when the risk on rally starts. However, if the gold market is used as a safety net instead, the market would fear trading and the will stagnant the Australian dollar. Nonetheless, there is still a chance to move higher when the market condition gets better.

The Aussie is gaining momentum over the New Zealand dollar which is most of the time correlated to. The Kiwi is also getting stronger going forward since there is a strong bullish tension in the market. It is much more favored in the market although both will most likely head to the same direction.

If the price breaks lower than the 0.74 level, this would not be a good sign and will affect the Australian dollar move downward. Traders should expect high volatility in the market but would not be different in the AUD/USD pair where it seems that there is an endless loop in the price trend. Hence, traders should look closely to stop losses since there will be high volatility in the market.

May 31, 2017

Manufacturing Activity of China Kept Unchanged in May

Based on the data issued on Wednesday, the growth in the manufacturing activity of China was unchanged in the previous month and on the other hand, the services sector revived. This indicates that the Chinese economy slowed down.

The manufacturing purchasing' managers index earned 51.2 for this month which is the same with April result, says by the National Bureau of Statistics. The PMI utilizes a 100-point scale and a 50 mark that divides contraction against the expansion, it generally serves as an early indicator for China. The struggling factory sector had 10-month consecutive increase as it plays an important part in the Chinese economy while employing a heap of laborers.

A total of 3,000 manufacturers were polled and learned that export orders surge, however, the new orders, in general, remained steady and the global demand should perk up instead of the domestic demand so the index could creep higher. According to further reports, the factory output slid while the job rate accelerated.

Moreover, the official non-manufacturing PMI bounced back to 54.5 on the back of its six-month decline of 54.0 in the past, suggesting an improved strength for the services industry of the worlds second largest economy.

The economic growth of the Republic weakened in 2016 which is the slowest pace for almost 30 years. Nevertheless, in the latest quarter, it was able to gain 6.9 percent due to government expenditures along with the booming of the debt-fueled real estate. The growth is predicted to be unprogressive for the next months with a 6.5 percent expansion target of the government.

June 1, 2017

Next Inflation is in Check According to Fed

The U.S. economy grows at a steady but slow rate in the second quarter of the year based on the regional economic survey of the Federal Reserve. The sluggish pace also supports the inflation as described by some enterprises.

Rates are about to be tightened as the economy progresses after a long hiatus of almost a decade holding rate close to zero following the financial crisis. Employment and wages also grew but at an average pace with the U.S. unemployment rate measured at 4.4 percent at a 10-year low. Although the labor market is see to tighten, there are signals implying the need for a rate hike.

Commodity markets particularly lumber and steel are increasing its prices for some manufacturers and the construction sector while other divisions are easing their costs. The policymakers are anticipated to raise its rates in the next policy meeting this June.

June 5, 2017

South Korea Began Stimulus Fiscal package of $10 billion for Job Sector

South Korea will release a stimulus package worth 11.2 trillion won equivalent to $10 billion U.S. dollars on Monday. This will support social welfare subsidy and part of methods for achieving the pledge of President Moon Jae-in to generate 810,000 jobs in the public sector. It is the first supplementary budget for work sector according to the countrys chief of budget Park Chun-sup.

In particular, about 5.4 trillion won is allotted for social welfare jobs such as educators, firefighters, postal employees as stated by the finance ministry while 2.3 trillion won will fund financial aid for maternity leave and medical assistance for elderlies. Overall, It is anticipated to increase 71,000 jobs for the public sector and 15,000 jobs for the private sector.

This strategy is anticipated to stimulate economic growth by 0.2 percent for the year and augment the 2017 outlook from 2.6 percent. It is also supposed to boost both income and consumption as disposable household income dropped by 1.1 percent in the fourth quarter while private consumption rose by 0.4 percent but is still lower than the overall economic growth.

June 6, 2017

Service Sector of United States Slowdown in May

Services sector activity of the United States softened last month due to downswing in factory orders, however, increase in jobs has reached its 2-year high further reflected a protracted improvement in the labor market amid downturn in jobs growth in May.

Moderation in the tertiary sector of industry coupled with further data released on yesterday showed manufactured orders fell in April. The initial slump occurred in five months as the output of laborers remained steady in Q1 which implies a tighter range for a rapid economic expansion.

The non-manufacturing business activity index dropped six-tenths percentage point which accounts to 56.9 reading. A reading on top of 50 would mean a two-third increase in the U.S. economic activity.

According to reports, new orders of services industry loss 5.5 percentage points in April. The costs of products and services under non-manufacturing industries descended on the back of its growth for the past 13 consecutive months. Nevertheless, the gauge of service sector employment boost by 6.4 percent near its highest level recorded in July 2015, showing stability for the labor market as the nonfarm payrolls gained 138,000 previously and 174,00 in April.

The value for price paid dive could probably lure the attention of some officials of the Fed Reserve on the meeting dated June 13-14 to discuss the monetary policy.

The central bank of the United States is predicted to increase its benchmark by 25 basis point during the session.

June 6, 2017

World Bank Predicts Seven-Year High for 2018 Global Economic Growth

In a statement made last Sunday, the World Bank predicted that a possible correction in trade growth stemming from post-crisis lows might be able to help strengthen the international economy and enable a seven-year high for next years economic growth status. However, the bank also stressed that there are certain threats to the emerging markets niche, including a fast-expanding wealth economy, which could derail the predicted growth rate for the economy. The financial institution said that international economic growth could possibly reach 2.9% in 2018 as compared to this years mere 2.7%. Price stability in commodity prices has helped emerging markets out of its two-year slump, while several countries around the world are finally showing signs of improvement following a large-scale financial crisis.

June 9, 2017

Limited Drop of Sterling in the Global Market

On Friday, the British pound slumped following vague results without a particular party that dominated that election. Hence, investors are trying to weigh on risks including both event in the United States and Europe. As a result, the cable dropped by 2 percent amid the political problem that could hamper the Brexit talks and causing more uncertainty which will begin in more than a week.



Yields on 10-year gilt dropped by 3 basis points to 1.00 percent while the the FTSE futures recovered as it gained 0.2 percent bringing hopes up to economic progress. The e-mini futures for the S&P 500 has a lesser impact as it increase by 0.1 percent.



The single currency slid overnight following the announcement of ECB forecast to ease inflation but did not talked to tune down the massive bond-buying campaign pushing bond yields to multi-month lows. Its effect in the global investment market can not be defined as it represents just 2.5 percent of world GDP.

June 13, 2017

Italy and Qatar to Continue Economic Ties

Countries, Italy and Qatar decided to maintain their deal regarding close integration on economy and finances. Even the decision of some Arab Countries along with Saudi Arabia and the United Arab Emirates is to break diplomatic, travel and trade agreement with Qatar.

The consensus was succeeded by a meeting between Italian Economy Minister Pier Carlo Padoan and Qatari Finance Minister Ali Sherif Al-Emadi held in Rome on Monday.

The two countries said in a joint statement that they discussed the ties in a very friendly atmosphere in accordance with its outstanding relationships on economics and politics

The visit of Al-Emadi in Italy is part of the leaders European tours, hence he will also go to Berlin, London, Paris, and Washington.

The sovereign states of Arab which include Saudi and UAE ended its agreement with Qatar in the past week, they believe that Doha supports the finances of Iran together with other Islamist groups, but Doha refuted this accusation. While al-Elmadia stated earlier on Monday that his country is able to protect its economy against these charges.

In an interview with CNBC, he further mentioned that those countries that inflicted such sanction have the tendency to lose money due to the damage it wrought in the business sector of the region.

"A lot of people think we're the only ones to lose in this ... If we're going to lose a dollar, they will lose a dollar also," the leader added.

June 14, 2017

Germanys Economic Confidence Declined Unexpectedly

Financiers from Germany shows confidence towards the recovery of the Euro region, however, the UK economy is not lucky enough to gain a stronger stance. Since the economic condition of the Great Britain fell off this year, along with its prospects, based on the data from the ZEW think tank, as the European economic research institute conducted a poll for almost 200 investors.

The margin came higher for the UK compared with other economies mentioned in the survey, because German capitalists are disappointed with the latest economic status. It appeared that more than 63 percent of the respondents predicted that the situation will get even worse during the second half of 2017 which is the highest ratio versus other nations involved in the poll.

According to headline ZEQ indicator, the projections for the German economy had declined comparatively reaching 18.6. While the presumptions for the euro zone was raise to 37.7 versus other confidence indices like PMI and Ifo. The reading of the ZEW headline was keep restrained below the average level which started in 1991.

June 14, 2017

May Appoints Political Opponent as Junior Minister

UK Prime Minister Theresa May has recently appointed a leading anti-EU Tory campaigner as a junior Brexit minister following unrest within the PMs team of officials assigned to work on the Brexit negotiations a mere week before the actual start of the said negotiations. The newly-appointed official was identified as Steve Baker, who used to be UKs chairman of Conservatives. Baker has also led a group of Tory lawmakers which aims to hold the UK government against a complete separation from the European Union.

June 20, 2017

Positive Economic Feelings of Americans, No Help For Trump, CNBC says

The American economy remains optimistic as shown in the All-America Economic Survey by CNBC, along with some leading components reaching its highest level, however, this optimism does not help the president.

The poll shows that 800 U.S. citizens or 30 percent of the populace believe that the economy is in upbeat as of this moment until the future. It's the highest percentage recorded in the past two successive quarters amid survey's 10-year history.

There are 54 percent who think that house price will surge in 2018 and 44 percent who deems that their earnings will further rose for the following year. The stocks as well demonstrated a positive stance as there were 44 percent assumed that this period is a time for good investment

However, the positive tone of Trumps economy does not contribute much help towards the approval rating of the states leader which showed a 37 percent decline based on the recent survey versus 39 percent result in April. President D. Trumps approval on the economy is down to 41 percent and 44 percent in April. Moreover, negative factors may arise driven by various groups particularly laborers such as blue collar, independents, and retirees.

As the public has split belief, the poll found that quarter of the United States economy is becoming better due to policies adopted by the president. On one side, there are 22 percent who said that his plans worsen the country.

June 20, 2017

UK Loses First Round of Brexit Talks to EU Bloc

The EU bloc dominated the first round of Brexit negotiations as UK officials cowered and retreated as EUs chief negotiator cautioned that the British government will be dealing with substantial consequences should they chose to completely remove themselves from the union. UK PM Theresa May has already consented to the EUs terms and conditions during the first day of the talks, although they have yet to discuss the trade deals between the European common market and Britain. However, EU chief negotiator Michel Barnier warned the UK bloc that this process would be a slow and arduous one, a complete antitheses to Mays hopes of a quick conclusion to the free trade agreement between the two blocs.

Theresa May Offered Fair and Serious Rights on EU Citizens

Theresa May, British Prime Minister of Britain, said to the leaders of European Union that EU citizens who came legally prior Brexit happenings are authorized to stay in Britain giving them a new settled status provided that they have spent five years living in the UK.

PM May had spoke concurrently as the dinners end during the EU leaders' summit held in Brussels, stating that the United Kingdom agreed to deal with the cutoff point between March 29 of the current year, the date when she formally invoke Article 50, until the preferred period of the European Commission until March 2019.

This is the opening offer of May for the future citizen rights. Both nations, UK and EU wants to iron out the issue during earlier negotiations

European citizens who are part of this special status can acquire the same rights when it comes to NHS care, pensions and work along with other public services that British people have.

May mentioned in an interview with The Guardian that "The UK's position represents a fair and serious offer, and one aimed at giving as much certainty as possible to citizens who have settled in the UK, building careers and lives and contributing so much to our society,"

According to the report, the offer is dependent on the reciprocal pledge regarding the privilege of 1.5 million UK citizens who are presently residing somewhere in Europe had failed to reach its target with the EUs demand in maintaining the continuity of the entire EU rights. But, the British country did not accept the demand of EU to grant the European Court of Justice to take the role as the guarantor.

June 27, 2017

Sluggish Growth Prediction for Developed Countries

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

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

June 28, 2017

IMF Cuts Growth Forecast for US Economy

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

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

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

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

July 5, 2017

Delay in Implementation of Bank Capital Rules in Singapore

The banking regulator in Singapore has announced the extension of the execution of global rules for a year to curb trading risks which in signifies a post-crisis overhaul of the global banking system to be interrupted.


Other countries such as Hong Kong and Australia followed postponement in the same manner as there is a rising concern regarding the complexity of rules. Also, this is yet to be settled on how this will match with other capital reforms.

Chinas economy Slowed Down in the Second Quarter

The economy of China could possibly weaken once again in the second quarter of 2017, slowed down by the slight tightening of the monetary policy of the government polled by China economists, Nikkei and Nikkei Quick News.

Most of the respondents mentioned that the property market failed to advance unlike before and pointed out that the economic decline will become more evident from July to the end of December.

As indicated in the survey, the average estimate of the economists for the gross domestic product of China will rose by 6.8% in Q2 this year, with marginal easing from the expansion on first quarter at 6.9%. The official figures are scheduled to be release on July 17.

Launching of Czech Version of ForexMart

ForexMart team have upgraded the website by adding a Czech version using the countrys native language. We are glad to introduce the newest Czech translation on (Date), which could help Czech and Slovakian citizens to easily interpret and find important information about the companys special offers, partnerships and pool of trading instruments.


Clients could simply select the Czech language (or any other required language) by clicking the Czech flag on the language selector found in the upper right of the site.

Launch of Analytical Reviews section

We are glad to inform you about the launch of Analytical Reviews section on our website. Since then you wont have to look for financial analytics on third-party resources you just need to visit the relevant section on the ForexMart website.

In this new analytical section it will be possible to find up-to-date information about popular currency pairs, trade ideas and recommendations, as well as analytical reviews, forecasts, charts and overall description of the current market situation.

We hope that this innovation makes your trade more convenient and pleasant. Stay tuned and remain abreast of the latest economic trends with ForexMart!

July 11, 2017
Emerging Markets and Bonds Selloff Continues
The U.S. dollar against the Japanese yen reached a four-month high while both the bonds and the emerging market currencies are under pressure once again on Tuesday. There are looking for higher interest rates in expanding number of major economies.

There are higher expectations as the MSCI world index is steadily progressing as it rose for a third day although it declined after the Europe stock market dropped. This staggered as the bonds yields from euro zone continued its uptrend in March but halted on Monday as the market turned its attention to the monetary tightening of large economies globally.

The Federal Reserve aims to adjust the large collection of bonds to ease the financial crises where speeches were given on Wednesday while the both the ECB and BoE officials are scheduled to talk on Tuesday. They are divided on whether to proceed with a rate hike yet the overnight index swaps market are priced high and 80 percent probability for a second rate hike by the end of the year.

July 13, 2017

Bank of Korea Keep Rates at Record Low 1.25 pc


The South Koreas central bank kept its base rate steady, for the 13th consecutive month on Thursday, with a record low of 1.25 percent. The decision was mainly anticipated since policy committee urge to expand the subdued personal consumption and hold the idea of tightening off the table at this moment.


The policy makers of the central bank of Korea retained its key rate KROCRT=ECI unchanged, stated by a media official without any additional details. Bank Governor, Lee Ju-yeol is scheduled to conduct a press con at 11:20 a.m. (0220 GMT).


Reuters polled 20 economists and all of them predicted that the BOK will stick to its position, underlining the sluggish stance on consumer expenditure coupled with the lackluster growth in employment taking some of the shine off constant profits from exports.

Most of the experts assumed that the bank will keep on hold until the year end and expects for some step to stabilize rates for 2018.


The consumer price inflation of the country had toned down from the 2.2 percent highs in March to 1.9 percent recorded in June, the result is marginally low against the 2 percent target of the bank.

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!

July 19, 2017

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.