SheldonThinks Forum

January 17, 2017
Sterling Hit Its Lows Against a basket of currencies since Mays Brexit Speech
The British pound slumped to a three-month low on Tuesday influenced by the speech of Prime Minister Theresa May that would change the European Union single market and limit its access to the single market. The pound reached the lowest 1.1983 against the U.S. dollars while it hit a ten-week low of 88.53 against Euro both on Monday. Same with yen when it reached an eight-week low at 136.81 on Monday.
The Japanese yen is benefitting from this situation while the concerns on U.S. President elect Donald Trump that attenuates the associated risk sentiment. The market is still uncertain with Trumps economic policies making them cautious on their move whether to take short or long before his inauguration at the

January 18, 2017

Chinese Governments Countermeasure for Decline in Home Prices

Residential property in Guangzhou climbed by 0.7 percent in December according to the report from Bureau of Statistics data. It is the only city who opposed the deflation program of residential properties in China.

Twenty local and provincial officials have seeked out counter measures to control loans and restrict second-home buyers to lessen the risk of elevated prices that may lead into dire repercussions. When this countermeasure has been implemented home prices from first and second tier cities steadied implying a positive change for the economy. As for the city of Beijing, he pledged that the prices of new homes will be kept unchanged for this year.

January 18, 2017

Pound Surges, USD Plummets after Trump, May Comments

The sterling pound finally increased in value after a long slump after UK PM Theresa May outlined her plans for the hard Brexit process, therefore clearing up some of the Brexit-related confusions and placating investors. Meanwhile, US president-elect Donald Trump has recently commented on the strength of the dollar, saying that the USDs current value might be too strong for the US economy to handle. This has then prompted USD investors to vacate the dollar and move to riskier assets such as stock markets and has caused the dollar to drop in value.

ForexMart Won as «Best Forex Newcomer 2016»


ForexMart was recognized as the best young company of 2016 year in the field of financial markets activity according to the business publication Global Business Outlook, having won a new award in the nomination "Best Forex Newcomer 2016".

Global Business Outlook Awards the annual international award which recognizes and rewards businesses, both private and public, showing impressive innovations and progressive strategies in business activity at various economic industries. The new award, received by ForexMart, proves the high professionalism level of its specialists and quality of the offered services. And surely it reflects the highest degree of customer confidence. The award «Best Forex Newcomer 2016» from the authoritative British edition is a great distinction in a highly competitive market.

ForexMart President Ildar Sharipov is thankful for the award commenting:
«We are proud of getting this important and significant award and very thankful to our clients for their firm trust. This new award is a symbol of ForexMarts excellent service that brings clients the complacency and security they need in the volatile forex exchange market. We always aim to provide our clients with the most advanced technologies for successful trade, without forgetting about safety and comfort of our interaction. We are planning to develop our services further, helping traders and partners to remain at the top of financial success».

ForexMart continues to make progress, creating and improving optimum, convenient and safe conditions for trade. Receiving of this award is a significant achievement, indicating that ForexMart and its clients are on the right path - the path to success!

January 20, 2017
Positive Year for NZs Manufacturing Sector
The assessment for the Business PMI of New Zealand remained unchanged in January which is 54.5. An index of more than 50 would denote a business expansion while a figure below 50 indicates a contracting economy. The PMI provided an advanced outlook pertaining to the economic activities of NZ manufacturing sector.
The positive PMI of the country is caused by the increase in construction, specifically in Auckland which is the regions major financial centre. The architectural volume is predicted to surge in the near-term since the increase in population coupled with high demand continuously support the sectors actions. The total production cost of NZs gross domestic product (GDP) is close to 12%. This industry positively contributed to the economic growth of Q3 including business services, construction, household consumption and transport. The economy beef up by 1.1% from the month of July until September, based on the report of Wellingtons statistics bureau the previous month.

January 24, 2017

Bundesbank posts two percent Inflation rate for Germany

Based on the report of Deutsche Bundesbank, inflation is predicted to surge for this month. Earlier in December, the consumer price index rose together with the high energy cost which began 5 years ago. The German inflation marks two percent according to the report of Bundesbank published on Monday. The recent steep increase in the average prices of the oil products caused for the inflation to escalate to two percent for January.

However, the European Central Bank targets with an inflation rate below 2% because it is the most suitable percentage in order for the euro economy to further develop.

On the previous month, the price level of consumer expenditure grew by 1.7% after three and a half years which resulted for high-priced petroleum products. This also made oil companies including the OPEC to imply for production cuts in order to improve the price of the basic material for oil.

On the other hand, analysts predicted for 1.8% inflation in 2021. The German economy continued to improved according to Bundesbank as the countrys industry remained favorable. The 2016 GDP expanded to 1.9% after five years and for this year, the bank expects for the same result.

January 25, 2017
Slow Economic Growth for South Korea in Fourth Quarter
The Bank of Korea confirmed on Wednesday the economic growth of the sovereign state fell back during the fourth quarter of the previous year. Further sharp decline took place in the construction spending and personal consumption expenditure as the political upheaval intensifies.
The period got affected by the illegal involvement of President Park Geun-hye regarding the corruption scandal. Park got impeached by parliament of South Korea, pronouncing their judgment in a court proceeding. This political instability triggered fears for the probable policy paralysis and caused for the Consumer Confidence Index to slump for the third time up to this month.
The growth is approximately 0.4 percent based on Seasonally Adjusted Annual Rate (SAAR), quite from the 0.6 percent result in September and 0.8 percent surge for the month of June.
While the construction investment grew less with a seasonally adjusted 1.7 percent from October to December. On the other hand, the private consumption gained 0.2 percent only and remained lesser by 0.5 percent during the September quarter. Moreover, the annual GDP rate increased by 2.3 percent in the last quarter but comparatively lower from 2.6 percent hike in third quarter.

January 26, 2017

Singapore Manufacturing Data Rallied on Strong Exports Demand

The industrial production of Singapore rose at th quickest rate over five years in December driven by strong demand for electronics export reported by the Electronic Development Board. The Manufacturing data rose 21.3 percent in December 2016 while the output climbed to 6.4%. Even though the country encountered an increase in jobless rate reaching a six-year high in the past quarter, the results exceeded the forecast for two consecutive months from November.
Growth in the export-reliant city-state is starting to gain momentum when the country tried to prevent the recession last year since the economy recovered after the decline in the third quarter. The preliminary data of the Gross Domestic Product also rose at the fastest rate over three years in the fourth quarter.

January 26, 2017

Shinzo Abe Open to Possible US Bilateral Trade Deal after Trump Withdraws from TPP Agreement


Japanese Prime Minister Shinzo Abe has stated that he is currently open to a possible bilateral trade deal with US after President Trump formally exited from the Trans-Pacific Partnership Agreement. Abe stated on Thursday that the PM is completely open to one-on-one talks with US for a possible trade deal, and also added that the Prime Minister is currently in the process of finalizing the details of his summit with Trump. Trump and Abe will be having a conversation via phone before finally seeing each other in Washington this coming February 10. Shinzo Abe is a known proponent of the TPP and is constantly looking for ways to boost Japans relationship with US.

January 30, 2017

USD Drops, Asia Stocks Slump after Trumps Immigration Ban Causes Unrest


The US dollar inched lower and asian stocks declined after the market suffered repercussions brought about by President Trumps various implementing policies, including an immigration which has sparked outrage from a number of the worlds most influential leaders as well as some tech giants. Meanwhile, bonds rose in value along with gold prices. The US dollar traded within its lowest levels in over two months and has weakened significantly against all other major currencies. Oil prices also decreased in value for the second consecutive day this week.

Janury 31, 2017

Germany Oust China as the Worlds Largest Exporter

Based on the report of Ifo Research Institute, the trade surplus account of Germany broke its own record of $297 billion last 2016, the figures beat Chinas maximum which made Germany become the richest exporter worldwide. The total output is equal to 8.6 percent breaking the projected 6 percent of the European Commission. In 2015, the countrys current account is about $271 billion.

Moreover, the EU executive together with the United States advises the highly populated European country to improve imports as well as the domestic demand as a means to lessen the imbalances in the global economy along with the international increase in fuel involves the euro region. However, Germany ignored this statement, claiming that the domestic demand boosted with the aid of the introduction of the minimum wage in 2015. The increase in state pensions last year also supported the economic aggregate spending. Moreover, the Chinas surplus in 2016 is approximately $245 billion because of depleted exports according on the statistics from the Munich-based think tank.

On the other hand, Sigmar Gabriel, the 57-year old Vice Chancellor, mentioned that Germanys current account is possible to decline for 2017 due to uncertainties within the global trade.

February 7, 2017

Indonesia Economy Rose to 5.02%

The Gross Domestic Product of Indonesia beefed up by 5.02 percent in 2016 versus 4.88 percent in 2015 based on the report of Central Statistics Agency (BPS) released on Monday. However, the Austronesian nation declined during the Q4 with a year-over-year decrease in GDP by 4.94 percent with the previous 5.02 percent in Q3.

The chief of BPS, Suhariyanto mentioned the government expenditure also dropped to 4.05 percent during the fourth quarter of 2016 followed by a budget curtailment which causes for a slower annual percentage compared with the same quarter in 2015 with an increase of 7.12 percent.

The adjusted public spending regarded as being caused by austerity measures led by the administration of Joko Jokowi Widodo with an estimated Rp 137 trillion (US$10.27 billion) trimmed budget.

Furthermore, the figures for imports and exports grew slower with 1.74 percent only while 2.27 percent in 2016 accordingly. Investments mounted to 4.48 percent in the previous year.

The household consumption of Indonesia is considered the largest factor for the countrys GDP reaching 56 percent within the total percentage, the increase is approximately 5.01 percent.

EUR/USD Fundamental Analysis: February 8, 2017

The market has been experiencing a lot of volatility recently due to the pronounced weakness of most major currencies, with traders having a hard time picking out definite directions, with profits going from positive to negative in just a matter of minutes. During yesterdays session, the USD was able to regain the majority of losses against the EUR, with the EUR/USD pair falling down to 1.0700 points. For a brief moment it looked like that this particular stance of the currency pair would remain standing and would eventually become overpowered by the dollars strength but the following day saw the dollar losing its ground and dropping back to its previous lows. There is basically a surrounding fear and marked uncertainty felt within the market right now that all currencies are very weak, which has resulted in this very rare price action.

There are no major news data expected to be released from either the European Union or the US today, and this means more ranging and consolidation activity for the EUR/USD pair. This is generally okay for day traders but could spell disaster for long-term traders as they become hard pressed to find direction in this very chaotic market environment.

USD/CAD Fundamental Analysis: February 8, 2017

The USD/CAD pair increased in value for the second this day this week after the currency pairs bulls finally took control after a week-long struggle with the bears who were threatening to put downward pressure on the pair and push it even lower than 1.3000 points. Market analysts had been previously saying that the 1.3000 region is a make or break point for both bulls and bears, and once the pair surpasses this barrier the bears would have full control of the USD/CAD pair and a shift in the pairs trend will occur.

This forecast fortunately did not come into fruition as the bulls took hold of the pair and is now inducing the pair to go higher and higher as we speak. The recent drop in oil prices also did some good for the currency pairs movement, which was largely due to the recent oil production cut agreement, and since the Canadian economy is hugely reliant on oil prices, a drop in oil prices automatically translates to a weaker Canadian dollar, and this is why the USD/CAD has been inching consistently higher during these past trading sessions and could possibly reach 1.3200 if this trend continues.

There are no major economic news releases from Canada scheduled to be released today, but the US will be releasing its oil inventory data which will be closely monitored by investors as this might cause the CAD to further weaken once it exhibits an additional build-up on its data.

GBP/USD Technical Analysis: February 8, 2017

The United Kingdom released Halifax House Prices and Like-For-Like Retail Sales by which both indices published negative results. Likewise, Brexit issues further affected the major.

The sterling weakened in spite of broad strengthening of the US dollar yesterday. The GBPUSD rebounded in the 1.2500 during the morning trades and continued to decline under 1.2400 region in the EU hours. Sellers drove the price downwards amid post-opening London session en route 1.2300.

As shown in the 4-hour chart, the price lead the 100 and 50-EMA towards a lower direction and further tested the 200-day moving averages. The 50-EMA moved lower while the 100-EMA directed upwards and the 200-EMA sits in the neutral territory. Resistance touched 1.2400, support entered 1.2300 region. MACD grew weaker which favored strength for the sellers. RSI hovered in the oversold zone and ployed downwards.

It can also be seen in the 4-hour chart that the price preserved its bearish sentiment. If the pair focuses below 1.2400 support, the spot resumed a short-term downward momentum. The next probable target of the sellers is 1.2300.

AUD/USD Fundamental Analysis: February 8, 2017

The pair sustains its uptrend from 0.7159 as the former decline at 0.7695 is a consolidation in the upper channel. The price ranges between 0.7571 and 0.7695 levels in the next days to come and the price could further go up towards the 0.7800 mark after consolidation. The main support level is found at 0.7511 and if the price breaks at this area, this implies the uptrend is complete.

The Australian dollar was affected overnight when Chinese Reserves data slumped lower than the psychological $3 Trillion. The broader greenback was hold back from a tailwind while commodity currencies steadily holds compared to a general currency where China could lessen their commodity purchases. However, there are elevated risks in the market as the Chinese reserves continues to go down.

The RBA decision remains neutral which is already expected as the Aussie maintains the high trading. Traders remain cautious as the central bank might become dovish or might recover as it might move higher from the latest weakness of GDP and inflation. The Fed has strongly sent a message to push through the rate hike on March and is still behind and could get even worse. The dollar bulls having a hard time in the market as they try to fight for the current significant psychological levels.

The oil market also was not able to sustain the commodity prices this morning with the Western Texas Intermediate (WTI) are mostly accessed when the U.S. Crude oil inventories increased in number as much as 14,227 million barrels, considered as the second highest gains in U.S. History.

February 8, 2017

Euro Falls from Grace as Elections Increase EU Exit Concerns

The EUR dropped for the second consecutive day as the impending national elections increased concerns with regards to the fate of the eurozone. The euro dropped to its lowest levels in two months against the JPY following an onslaught of protectionist policies from various EU leaders who are pitching against themselves in the forthcoming European elections in the coming months. EU members are also very concerned with the German elections, since a lot of analysts are speculating that the eurozone might fall apart once Angela Merkel loses in Germanys parliamentary ballot and Marine Le Pen wins in Frances presidential elections.

February 13, 2017


Finance Minister Counters the Accusation Against ECB

The European Central has been accused of altering the Euro exchange rate and this is being negated by the French Finance Minister Michel Sapin. They are believed to have a goal in completing trading and attain the competitive policy goals by a significant U.S. authority saying that Germany gains an advantage over grossly undervalued Euro for personal gains.


Europe should still work harder to achieve former status prior to global financial crisis according to Sapin. Germany has to be more committed to restore into a better condition regarding its investments. At the same time, they are hopeful that the new president of the United States will recognize the significance of the European Union relationship with the United States.

Steinmeier is Germanys Next President

The newly-elected president of Germany is Frank-Walter Steinmeier, hes known to be the countrys foreign minister and now the 12th leader to serve the federal parliamentary republic. The 61-year old politician got 931 valid votes out of 1239 from the delegates of 16 different Germanys states. There were 103 number of declines and 14 invalid votes.

Norbert Lammert, Bundestag president, proclaimed the final results which made the representatives respond a standing ovation excluding some members of the democratic party, Alternative for Germany (AfD). The AfD candidate got 42 votes only.

Leader of Christian Democratic Union and Chancellor, Angela Merkel said that she trust Steinmeier as he lead the nation during period of hardships and difficulties.

Moreover, Russian President Vladimir Putin sent his congratulatory message to Steinmeier via telegram and further ask to take a Moscow visit. Wh

February 16, 2017

BoE Proposed Revisions for Interbank Lending Benchmark Rate

The Bank of England re-evaluated its proposal to revise the lending rate benchmark for interbank exchange to prevent manipulation of reference point for financial contracts. Also, they intend to put on hold the changes between March and April next year, instead for this year.

In particular, they will change the procedure and apply the trimmed mean approach for calculating the Sterling Overnight Index Average (SONIA) which is used alternatively for some contracts with the global London Interbank Offered Rate (LIBOR). An estimated total of $450 trillion contracts were affected by the market scandal which BoE takes responsibility.

February 16, 2017

USD Rallies after Hawkish Statements from Fed

The US dollar was able to reverse its losses and reach its highest value for this month as Fed Chair Janet Yellens comments came out to be very hawkish. The Fed chair stated yesterday that the timing is right for the central bank to implement another rate hike in the coming months, and that it would be impractical to hold off this particular event any longer. This increased the probability of a rate hike this March, and lent support for the USDs value which has been gaining momentum during the past week.

February 20, 2017

Greece Fears Economic Collapse amid Debt Crisis

Greek people have withdrawn money from their accounts which exceeds to £2billion as they fear the news regarding economic crash which will took place within 45 days. The Hellenic republic was alarmed about the possible scarcity of money in a period of five months because the country is affronted with repayments with an estimate of more than £5.1bn (6bn), thus the country is unable to pay the total amount without any aid or restructuring.

Greece citizens were forbidden to take more than £1,540 (1,800) every month from their accounts, however, the currency had continuously deplete at a very fast rate. There are speculations that the Government will fail to pay for the next settlement due in July.

Individuals which involves tourists were strained to wait in line in order to obtain cash from their respective banking machines.

Launch of Analytical Reviews section


Dear clients!

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!

February 22, 2017

Singapore-Britain Deeper Collaboration

The sovereign states, Britain and Singapore held yesterday the renewal of their bilateral ties proving their dedication for stronger links with regards to economy and business. The partnership was signed by the countries representatives, Lim Hng Kiang, Singapores Minister for Trade and Industry and Liam Fox, the Secretary of State for International Trade from Britain.

Mr.Lim stated that this joint commitment will fight against protectionism and will continue to implement the free and open trade policy. He added that they will further work for an environment that allows for an open global trading.

The arrangement supplemented new programs which involve building trade policy capacity and creating an appointed committee that supports greater collaboration regarding trade and investment of the two countries.