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AppleFXMart · Guru

Economic and company news by ForexMart

AppleFXMart · Guru

October 10, 2016

Samsung Temporarily Discontinues Note 7 Production Due to More Reports of Exploding Batteries

Tech firm Samsung Electronics Co. has allegedly decided to temporarily halt its production of its infamous Galaxy Note 7 smartphone after more reports of exploding batteries, this time with the replacement phones previously provided by the firm to Note 7 owners. This has caused an additional negative impact to the companys overall status and has hindered the firms struggle to recover from the initial reports of exploding smartphones. This move has caused Samsung shares to drop by 4.6%, its second drop following the firms defective smartphone issue.

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AppleFXMart · Guru

October 10, 2016

Financial Market Sides with Clinton After Debate

The U.S Stock Market sees Democrat Hilary Clinton to have an upper hand against her opponent Republican Donald Trump. The U.S. stocks ascended shortly after the first 90-minute presidential debate. On the other hand, Trump focusing on U.S. trade deal between Mexico and Canada and vowed to create a border influenced the Mexican peso to increased by 2% this weekend up to 1.3% gainst USD. In S&P 500 increased by 6 points just three hours before the debate and gained 5.25 points or 0.24% after.
The debate was concluded as a draw while Financial advisors ponder Clinton to win considered as an investment premise for 2017.

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AppleFXMart · Guru

October 10, 2016

Rules of the World Trade Organization would cause higher amounts of shop prices, according to the BRC.

The BRC gives notice to the trade secretary upon employing the principle of the WTO because this would cause an additional 12% for the Bangladesh clothes while 27% increased over meat products and Chilean wine also had an upsurge of 14%. Included also on the goods that would possibly make an additional cost is the NZ lamb. But it is expected that the general value of the commodities would rise and shoppers would likely to strive upon the upswing of those merchandise.

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AppleFXMart · Guru

October 11, 2016

Due to Sudden Sales Drop, Ford Temporarily Shuts Down Mustang Factory in Michigan

Ford Motor Co. will be temporarily shutting down its Michigan-based Mustang factory after the automotive firm suffered a 32% decrease in its sales.

The firm was also outsold by the Chevrolet Camaro after two years which was also a factor in the said shut down. According to a company spokesperson,

the firms plant in Michigan will resume its production in October 17 while the firm realigns the current demand with its production capacity.

The plant has a total of 3,702 employees and is a manufacturer of both Lincoln Continentals and Mustangs.

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AppleFXMart · Guru

Clerics left Wells Fargo behind due to the eruption of a scandal

Religious investors including a group of nuns decided to leave the Wells Fargo & Co. and they are appealing for a shareholder resolution to bank reporting the fraud accounts of the company. These accounts are worth $190 million.
The ministerial people who are involved in the company also complain the overall management and security because it is revealed that employees have the power to open private accounts even without the permission of the holder, just for the sake of reaching their quotas. St. Francis of Philadelphia filed a case against the bank considering that the financial institution promised for a better risk control for the banks based in San Francisco by which the investment firm did not comply with.

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AppleFXMart · Guru

October 11, 2016

Next in line: TPP Deal After the Approval of Extra Budget in Japan

An extra budget of $32 billion yen has been approved by the parliament of Japan for this fiscal year. This supports the stimulus package of the Shizo Abe, the current Prime Minister of Japan. This is allocated for railroad improvement, recondition ports, to bolster natural disaster prone areas and augment wages for daycare workers. With this budget allocation settle, their next concern is the Trans-Pacific Partnership (TPP) pact that is targeted to be approved in the current session of the parliament scheduled to end on the 30th of November.

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AppleFXMart · Guru

October 12, 2016

Volkswagen Plans to Reduce Workforce Yearly

Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for software development and mobility services to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.

AppleFXMart · Guru

The pursuant of Hard-Brexit would cause the Britain to lose up to £66bn, the Treasury warns
After the major news regarding the British exit that brought extreme damages in the overall economy of UK, the concept of hard-brexit rose by which experts discussed it as the withdrawal in the single market along with dropping its membership to EU customs union and it is believe that this is a harm-generating occurrence.
As it was stated by the HM treasury, the region is expected to lose as much as £66bn, in case that type of Brexit option will be executed. In accordance to the statement from the elected officials, there would be a 9.5% decline to the country's GDP.

AppleFXMart · Guru

October 13, 2016
Weak Trades in China Slows Down Economic Growth
The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in Chinas perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.

AppleFXMart · Guru

October 21, 2016
Route to Recovery of UKs Manufacturing Sector Through Low-Skilled Jobs Expansion
The manufacturing sector of Britain depends on the proliferation of low-skilled jobs after years of decline since 2011. However, even if there is 5% increase in jobs data, the output has not risen enough. It is not totally unproductive but is in a state of jeopardy.
The productivity rate was the same with the pre-crisis level despite the increase in low-skilled jobs. Different manufacturing companies recondition their factories to boost productivity, dismissing thousands of employees and increasing output. The government now aims to strategize towards the stabilization of the economy focusing on manufacturing exports.

AppleFXMart · Guru

October 21, 2016

The production for world wine predicted to hit a four-year low.

The unpleasant weather in France and South America had brought negative condition on the output of world wine as it was presented in the industry forecasts.

According to reports, one of the intergovernmental organization for vine-based products, International Organisation of Vine and Wine (OIV) said that their valuation for their production will only achieve 259.5 mhl. This manufactured by-product demonstrated a decline of 5%. Nevertheless, the company affirmed that prices will not be affected upon this issue.

This year many countries experienced some worse situations such as the Italy that recently dropped 2%. France production had a downturn of 12% caused by frost and hailstorms. This climatic event also disturb Argentina's manufacturing by 35%, Chile at 21% and Brazil loss 50%.

AppleFXMart · Guru

October 24, 2016

UK PM Theresa May Resumes Meeting with UK Governments amid Brexit Breakup Concerns

UK Prime Minister Theresa May is set to resume having regular meetings with UK governments after Scotland government officials expressed their concerns regarding Mays ability to actually strike a substantial deal in discussions on how to handle UKs separation from the EU. Nicola Sturgeon, Scotlands First Minister, is reportedly preparing for possibly another referendum if ever May clinches a Brexit agreement which would exclude the country from the EU singular marketplace for services and goods.

AppleFXMart · Guru

October 24, 2016
Belgium given a deadline until Monday to resolve CETA trade deal with Canada
The sovereign state of Belgium were given an ordain from the politico-economic union to work through the odds regarding the CETA deal before the coming Monday otherwise, the settlement will be canceled.
The principal representative of the European council, Donald Tusk is scheduled to meet with the Belgian Prime Minister, Charles Michel. The huddle between the two leaders will determine whether or not PM Justin Trudeau will take its flight to Brussels for the signing of agreement.
Once there was no affirmation for the free trade agreement, the EU-Canada reconciliation will be deferred. It would take a long time again before another signing arrangement will be set according to sources.

AppleFXMart · Guru

October 24, 2016 -
EU Exporters Could End Up Paying Higher Tariffs to EU Than Vice Versa
EU enterprise exporting goods would pay higher tariff to Uk compared to the other way around. Around £12.9 billion are to be paid by EU enterprises just on tariffs alone after UK leaving EU and should Britain come in terms with the World Trade Organization. In exchange, UK enterprise exporters has to pay around £5.2 billion for tariff in a year. This implies the significance for both parties to settle their post-Brexit trade deal. A study has been conducted showing 22 out of 27 EU members are found out to pay higher tariffs regarding exports to UK.
Additionally, the act of Belgium to be against the Comprehensive Economic and Trade Agreement (Ceta) between EU and Canada which has been an issue recently. Nevertheless, a representative of the campaign, Chris Grayling, said that this would not be a hindrance to settle an agreement with the British trade deal with EU.

AppleFXMart · Guru

October 25, 2016
Construction Spending in New York Has Hit a Record High
Construction spending is booming this year as it has exceeded the target even before the increase in demand for new housing and office space. It is predicted that the it will reach up to $43.1 billion construction spending this year which has increased by 26% compared to 2015 driven by the private sector. New York City employment boomed since late 2009 including the private sector growth more which has expanded faster more than the usual average data.
New York real estate is now receiving more attention as more investors globally look for investment returns which has both pros and cons. Consequently, the upswing in capital flow to New York City has diminished domestic returns.

AppleFXMart · Guru

October 25, 2016
Better U.S stocks are to be expected under the Democrat
Financial markets remain ambiguous amid the upcoming presidential elections, however, investors believe that stocks would probably thrive in case that 2016 Democrat Presidential Candidate, Hillary Clinton gain the victory.
This inference was based on the latest study conducted by Brookings Institution, this will serve as a supporting document of the stock market's preference for Clinton
An economist from the University of Michigan, Justin Wolfers and Eric Zitzewitz of Dartmouth College, an economist as well had tracked the markets overall attitude regarding the past events by which favors Clinton hence, this helped the Former Secretary of the State to heighten the probable chance of winning the position.
They further studied that S&P 500 index is expected to make a 12% surge upon Clintons administration compared to its rival, Donald Trump. Additionally, the market is possible for a lower volatility rate of 15-30%. While the treasury yields will expand up to 25 basis points and finally, the oil barrel will have an additional 4% for trading.
Most of the researchers had envisioned that Clintons triumph will largely make a breakthrough in the global market considering that the presidential result will be issued on November, the result can be felt on both local and international markets.

AppleFXMart · Guru

October 25, 2016

Canadian Stocks Decrease in Value after Drop in Commodity Prices Affect Index

The value of Canadian stocks finally dropped during Mondays session after five days worth of rallying as a result of falling commodity prices which added more pressure to commodity-based companies. The S&P/TSX Composite Index for Canada decreased by 0.1% and is currently resting the at 14,923.01 level. The index increased last week by up to 2.4%, while profits from energy production and mining caused the index to surge by up to 15% for 2016, making this particular index the top performing equity market in the international platform, surpassing that of the UK and New Zealand.

Apple ForexMart

AppleFXMart · Guru

October 27, 2016

China Reassures Investors to Impede a Six-year Low

Chinese Yuan is depreciating nearing a record low in six years. The government is finding ways to hinder the process and recover from this impending threat. However, the deputy Governor of Peoples Bank of China (PBOC) said that there is no grounds for a relentless decline and they stopped it from happening.

China is giving off signs that the currency is being carefully monitored and investors should be careful in their trading positions against the currency. Despite this information, this would have much of an impact considering past connotations to the problem since the driving force is the appreciation of dollar.

The PBOC is saying if volatility arises, investors should not be agitated as they would definitely do something to stabilize the situation. China has already eased the local bonds and abandoned the necessity for inbound investment program quotas.

AppleFXMart · Guru

October 27, 2016

Economy Update: UK falls below France and ranked fifth as the world's biggest economy

As it was presented in the global economy table, the sterling pound experienced declivity. France ousted the economy of the United Kingdom and made it as the sixth-largest economy in the world.

The World Bank were able to conclude the ranking due to the average value of the currency within a certain period, including currencies accompanied by the dollar. Countries that slip past the UK are US, China, Japan, Germany, and France in terms of US dollar. The final line up all boils down to the exchange rates considering that the pound is five times weaker versus the greenbacks because of the EU exit. The annual GDP of the Britain is roughly £1.8 trillion which makes it powerless compared to the greens and eventually cause the country to plunge down in the table.

AppleFXMart · Guru

October 27, 2016

Singaporean Energy Corporations Face Added Pressure due to Energy Price Slump

Lending firm Oversea-Chinese Banking Corporation said in a statement that a number of Singapore-based energy corporations are now facing increased pressure due to the recent drop in oil and gas prices, which means that these companies might face difficulties with regards to repaying debts. The CEO of the said lending firm also stated that the final quarter of 2016 might become particularly difficult for the energy sector, especially since oil and gas prices have yet to recovery from this particular price drop.

AppleFXMart · Guru

October 28, 2016
Apple Releases New Macbooks in an Attempt to Recover Market Losses
Apple Inc. has recently unveiled its new range of Macbooks as part of the tech firms attempt to revive a product which was predicted by Steve Jobs would be rendered obsolete soon by the iPad. Analysts are expecting that this newly-released product line would enable the firm to significantly update its long-term growth. The shares of the said firm has recently dropped by up to 1% and has traded at $114.48 towards the end of the New York trading session. Meanwhile, Apple stocks surged by up to 20% as a result of expected positive sales for the iPhone 7. However, the firms shares immediately gave up a portion of its value after the company released a rather careful sales forecast.

AppleFXMart · Guru

October 28, 2016

UK economy made a 0.5% growth after the Brexit authorization

Three months after the Brexit happened, UK economy manifested a fast recovery with the help of the country's service sector.

As it was indicated by the Office for National Statistics, there is a 0.5% increase in the economic health during the third quarter of the year. The result is lower compared to the previous quarter with a 0.7% rate, however, the latest increase is much stronger against the analyst's assessment.

Due to the better-than-expected outcome, the preconception regarding BoE's interest cut rate for the following week had subsided. However, the supporters of the referendum believes that these figures are an indication that the entire negative speculations about the EU exit are merely about fear-mongering.

AppleFXMart · Guru

October 28, 2016
Demand for Manufactured Capital Goods Weakened
The manufactured capital goods from America fell by 1.2% in September despite three consecutive months of gains. The demand for computers and other electronic products slowed down which is expected to affect business spending in the last quarter of the year.
Demand for new heavy machineries has been reduced because of the predominance of used construction equipments while the demand for transportation equipments declined by 0.8% that impelled durable goods lower by 0.1%. On the other hand, orders for electrical equipments and machineries including appliances has risen last month. However, this may shift course to a better predicament since the dollar appreciated as well as the oil and gas drilling activity has improved in the past months.

AppleFXMart · Guru

November 3, 2016

A 15-month Hike of Petrol and Diesel prices

Petrol and diesel prices soar sternly reaching the highest level since July 2015 due to the rising crude oil prices and the depreciation of pound since Brexit. The standard diesel is now priced at 118.7p per liter while the standard petrol is priced 116.7p per liter rising by 5.2p and 4.4p respectively. This has been the highest monthly increase in the span of three and half years.

The weak pound also has an effect to the wholesale market that has relatively put pressure to the wholesale prices. The RAC has forecasted that this will stabilise in the next months while OPEC agreed to reduce production. The next OPEC meeting will determined if the prices will steady before the end of the year.

AppleFXMart · Guru

November 3, 2016
Positive economic news leaves a better impact on Asian markets
The positive news yesterday regarding the Australian and Chinese economy boosts Asian markets. Despite of the skepticism about the expected result for the presidential election did not hinder traders to edged up in Asia. In addition to the favorable release on Thursday, a private gauge were used to assess the activities of China's service sector. According to results, the month of October is considered to be the fastest time period of expansion which indicate the strengthening of the China economy.
The purchasing managers index of Caixin China grew up to 52.4 in October, compared to 52.0 in September. While South Koreas Kospi SEU gained 0.2% versus -0.17%, Hong Kongs Hang Seng HSI were able to recover from -0.10% to 0.2% and S&P ASX 200 XJO of Australia made a 0.1% increase against the previous -0.08% .

AppleFXMart · Guru

November 7, 2016 - UK Manufacturers Suspend Investment Plans in the Next Two Years

Political uncertainty causes the British manufacturers to be discouraged from spending. They are agitated that the economy will slow down next year that pushes back the investment plans of the companies. The survey of 600 companies showed an increase in polls from 54% in 2015 climbed to 60% this year while they intend to spend less or the same in the next two years.

Exports also boosted with the depreciation of pound as it become more contending in the market. Data has improved from March to August with high demand in Europe and United States however, the domestic outlook is not performing well. Experts see this as just the beginning and there will be more serious problems after Brexit negotiations have been settled.

AppleFXMart · Guru

November 7, 2016
Japanese Yen Drops, Asian Stocks and Mexican Peso Surge Following FBI Statement on Clinton E-mails

The Mexican peso (MXN) garnered substantial gains, as well as US stock index futures and Asian equities after the FBI released a statement regarding Clintons e-mails, stating that there were no incriminating information present in Hillarys e-mails. On the other hand, the Japanese yen and Swiss franc slightly decreased along with gold stocks. The Mexican peso, which has been recently touted as a barometer for the Trump campaign, reached its highest levels in four weeks while the MSCI Asia Pacific Index reverted significantly merely a few hours away from the US presidential election on Tuesday.

AppleFXMart · Guru

November 8, 2016 - U.K. Public Expenditures are Expected to Slump £25bn on 2020
The weak economic growth would result to lower tax returns with increase in debts by £25bn predicted on 2019 to 2020 despite the cut rate has been successfully executed. The Chancellor of the Exchequer, Philip Hammond, said that he will focus to expend on new houses and mass transportation instead of concentrating on balancing the books by 2020.
The Institute for Fiscal Studies have two resolutions: to reduce taxes by increase spending to boost the economy and to set new fiscal targets. Various companies has lowered their growth forecast and increased their inflation targets since Brexit. There are still risks on hand with the uncertainty of the reaction in the economy and the direction of policies as described by the Organisation for Economic Co-operation and Development.

AppleFXMart · Guru

November 8, 2016

Germany Factory Orders plummeted in the month of September

According to the Federal Statistical Office of Germany, there is a sudden downturn in the manufacturing orders in Germany subsequent on its two successive months of gains. The decline is the result of the loss of demand that comes from the countries within the eurozone. The estimated cutback is 0.6% mom during September, though expectations amounted to 0.3% while in August there is 0.9% of increase.

Orders from Germany had 1.1% drop and other Eurozone countries experienced 4.5% decrease. Meanwhile, third countries or states outside the euro area accomplished 2.5% increase.

The German industry expects that it would be much difficult for the commerce to recover considering the fact that average monthly increase of factory orders is 0.1% only.

AppleFXMart · Guru

November 8, 2016
Oil Prices Surge after a Week-Long Slump as FBI Statement Increases Chances of Clinton Victory

Oil prices was able to experience a boost after seven days worth of falling oil prices due to widening market rally after the FBI statement on Clintons e-mails, cementing a large percentage of a Clinton victory in the upcoming US elections. Futures also bounced back after a week of disappointing prices, while global equity prices also increased and the USD regained its strength and is now ahead of other major currencies. The OPEC has also stated that it is currently in talks with Russia with regards to limiting the production of crude oil as a means to help the market regain its balance.

AppleFXMart · Guru

November 9, 2016

Financial Markets Gunning for Biggest Moves Post-Brexit

The international financial market has been experiencing its biggest and most volatile movements ever since the Brexit referendum was released on June 2016 due to an unprecedented Trump victory in the US elections. Gold stocks have increased significantly and has now posted its biggest movement since Brexit, while 10-year US Treasury yields have weakened by up to 20 points, its biggest reversion since June. Meanwhile, S&P 500 futures decreased by more than 3% and VIX futures increased by a total of 4%.

AppleFXMart · Guru

November 9, 2016

U.S elections brought damages to the state according to foreign policy experts

An interview conducted by CNBC with the President of Eurasia Group, Ian Bremmer stated that even the election has ended, the damages can still be felt in the United States because the countrys international allies worries about global trade agreements. Even after the vote casting, allies would struggle and lack confidence. This caused other countries to doubt the businesses in the United States, regardless who among Trump or Clinton will acquire the victory.

Bremmer further stated his predicted outcome about the tendency that the power in the Middle East more likely will be given to Iran, Israel, Saudi Arabia and Turkey. While in Europe, the issue regarding Brexit will become more vague and undetermined as it will endure longer process. On the other hand, in the Asian continent, China is expected to fill the demand vacuum since it has the capacity to expand worldwide as well as to globally invest to infrastructure assets.

AppleFXMart · Guru

November 9, 2016

Old India 500 and 1000 Banknotes are to be Replaced

All 500 and 1,000 rupee bills are to be removed from the financial system on Tuesday overnight according to Indian Prime Minister, Narendra Modi. Banks will be closed on Wednesday including ATM machines.

This is unexpected and people are rushing to have a cash in hand in smaller denominations like 100 rupees for the succeeding days to come. It has been announced that they can exchange their old bills within the next 50 days or else is no longer valid.

This move is an attempt to put an end to poverty by eradicating corruption especially those labeled as black money that were acquired through corruption or tax evasion. Finance secretary Shaktikant Das cautions people that the government will keep track those who are stacking bulk of money when they exchange the old bill to new ones.

AppleFXMart · Guru

November 10, 2016

Asian Market & USD Surged After Trumps Victory

The Asian share market rallied from a strong sell-off yesterday soon after the U.S. Presidential election results a came out. Europe and U.S. Followed with the surge on Thursday contrary to the expected market breakdown since the financial market expects Hilary Clinton to win but instead, the victory of Donald Trump prompted investors to switch to safe haven stocks such as gold and yen.

Japan's Nikkei 225 index and Hong Kong's Hang Seng index rose by 6.7% and 2.1% respectively. The investors see the current U.S. Administration as an opportunity for businesses because of lower taxes, lesser regulatory burdens and other economic policies but still there is uncertainty on the outcome.

AppleFXMart · Guru

November 10, 2016

Gundlach strongly believe the good effect brought by Trumps administration

The chief executive of DoubleLine Capital, Jeffrey Gundlach is one of the investors who believes that there is a common good on Trumps victory over Clinton. Gundlach is certain about the bounce back happened in the US stock markets last night.

He also added that investors foresee that the Trump administration would likely bring better growth for the economy compared with the Democratic candidate, Hillary Clinton.

The so-called Bond King further explained that the strong opposition of foreigners to Trump is the driving force for the overnight losses, however, profuse US investors did not agree with this.

Moreover, the Bond Fund Manager who voted for Trump predicted that there will be an improvement and inflationary pressures which seem unfavorable for the government bond that could cause debts. But Gundlach admires the fact that the next President supports also the policy for short-term interest rates.

AppleFXMart · Guru

November 10, 2016

Chinese Yuan Drops to Lowest Levels in Six Years as Trump-China Worries Increase

The Chinese Yuan dropped to its lowest levels in six years as concerns regarding a Trump victory and Chinese trade relationships with US increased, fueling speculations that the currency heading for its third loss in a year might be sold. The yuan dropped by 0.2% at 6.7907 per USD, its lowest since 2010, while its annual loss hit a record 4.4%. Decreases in value in relation to the USD were few and far in between after the central bank barely addressed the weakening yuan. Prior to his victory. Trump has targeted China, saying that the country is a currency manipulator and has stated that the US would be cutting back up to 45% off Chinese imports under his presidency, which could lead to China losing exports by up to 25% next year.

AppleFXMart · Guru

November 11, 2016 - Sterling Six-week Rallied Against Euro

Sterling rallied to a six-week high gaining 1.5% against Euro on Thursday. The investors flocked to put money into short positions despite the chaos and uncertainty brought by the results of U.S. Presidential election and the political risks involved in Europe.

The pound rallied to 86.70 pence, the strongest since the last week of September, against the depreciating Euro with all the important political and economic events such as the Italian plebiscite next month and the French Presidential election in the spring next year.

AppleFXMart · Guru

November 11, 2016
Emerging Markets Sell-Off Increases after Trump Victory
The sell-off in emerging markets exhibited an unexpected increase following concerns that developing economies around the world could possibly be hit by export drops and capital outflows once President-elect Trump assumes office. The Treasury market finished off the week with its worst outputs since 2009 prior to a US bank holiday on Friday. Donald Trump has previously outlined a more protectionist scheme and could introduce fiscal and economic stimulus which could prompt the Federal Reserve to increase the frequency of its interest rate hikes this coming 2017.

AppleFXMart · Guru

November 14, 2016

Australia Should Scrap its Largest Bank Notes like India - UBS Group AG

UBS analysts are saying that Australia should also scrap its big bank notes and follow in Indias footsteps, since this would be ultimately beneficial for the Australian economy as well as for Australian banks. Some projected benefits would include increase in bank deposits and tax revenues, while decreasing the occurrence of crime and fraud. India had previously made a move to remove its large banknotes as part of its crackdown on the countrys black economy as well as to counter tax evasion. The European Central Bank also stated last February that the central bank was discussing on removing 500 EUR banknotes since these high-value bills were often touted to be used for criminal and illegal purposes.

AppleFXMart · Guru

November 14, 2016

Higher volumes of exports boosted Japan's economy

The Japan's economy have seen greater improvement from the month of July until September due to a higher number of international trades. The country's GDP escalated to 2.2% within three months. Japan is greatly concern about the anti-free trade rhetoric supported by the newly-elect US President D. Trump since it is expected that this campaign would bother the Japanese region.

Subsequent to the results of the U.S elections, the yen curtailed versus the dollar. Hence, the country's good became cheaper in abroad, this brought positive talks for the foreign exporters. The world's third-largest economy accumulated a better-than- expected result of 0.5% while the forecast showed 0.2% only. However, some analysts who stated that the nation is relying much on exports and considered that these are windfalls only.

AppleFXMart · Guru

November 14, 2016

U.S. Dollars Strengthens Unabatingly That May Lead to Inflation

Greenback continues to surge with the unexpected win of Trump that signals inflation to take place sometime in the future. It climbed as high as 99.247 on Monday during Asian session from 97 handle prior to election. His principles advocated during his campaign such as protectionism, changes in immigration, infrastructures and debt spending set inflation back to the market at the same time, this would cause the U.S. Dollars to further appreciate in value. The U.S. 10-year Treasury yield rose more than 2 percent from 1.80 percent before election. This surge is expected to continue with short-term trend moves up, it is anticipated for U.S. Dollars to get stronger.

AppleFXMart · Guru

November 15, 2016

Chinese Industrial Production rose but retail sales slowed down

The economic activity of China was presumed to stabilize last month, however, retail sales fall off due to worries about the outlook of the US-China trade frictions under the administration of President Donald Trump. Moreover, the industrial sector performed a better-than-expected 6.1% growth in the month of October while the retail industry dropped an estimated 10% sales.

Chinas fixed-asset investment further acquire 8.3% increase for the past 10 months of the present year, this result exceeded the expectation from January to October seeing the government allocated infrastructure expenditures in order to reinforce growth as shown in the official data on Monday.

AppleFXMart · Guru

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 Trumps 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 Trumps presidency, the first one being a full implementation of all of Trumps campaign platforms, the second one being an enactment of only Trumps fiscal policies, and the third one being a hawkish Federal Reserve paired with restrictions of US immigration and trade policies.

AppleFXMart · Guru

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 Trumps 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 Trumps campaign to increase inflation of infrastructures and Federal Reserves fiscal policies that further boost banks turnover.

AppleFXMart · Guru

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.

AppleFXMart · Guru

November 16, 2016
US Dollar Drops, Asian Stocks Bounce Back as Trump Victory Shock Fades
For the first time in nearly four days, Asian stocks increased in value while the USD dropped from its five-month high against the Japanese yen due to investors questioning the possible overreaction of the financial market to Donald Trumps recent win during the US elections. The MSCI Asia Pacific Index increased due to energy shares after crude oil prices rose to its highest levels in seven months after the OPEC finally agreed on proposed output cutbacks. For the major currencies, the KRW had the most gains after rebounding from its near-record lows since June 2016. The Japanese 10-year bond yields were also able to maintain its zero value after staying within negative territory for a total of eight weeks.

AppleFXMart · Guru

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.

AppleFXMart · Guru

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.

AppleFXMart · Guru

November 24, 2016

U.S Dollar Gained Much Power Even Before Trumps 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.