Company News By Forexmart

Discussion in 'Forex - Currencies Forums' started by Andrea ForexMart, Aug 23, 2017.

  1. Andrea ForexMart

    Andrea ForexMart Active Member

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    Hello forum members!


    Good day!


    I am Andrea, an official representative of ForexMart. We would like to extend our services to you right here on this forum. Please follow this thread to get updated about our services, contests or any company-related matters. Suggestions, comments or opinions are all welcome. We will also be glad to attend to your inquiries.


    We hope to hear from you soon!


    Thank you!


    Best regards,


    ForexMart
     
  2. Andrea ForexMart

    Andrea ForexMart Active Member

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    This week’s most popular deal:

    mostpopulardeal.PNG



    Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
     
  3. Andrea ForexMart

    Andrea ForexMart Active Member

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    Fastest Growth of US Economy During the Second Quarter


    During the January-March quarter where US President D. Trump was already in the position, America’s economy was able to grow by 3% based on the updated estimates issued by the administration on Wednesday. This is the strongest growth recorded since Q1 of 2015 which doubled the pace of the first three months 2017, it also provided a much accurate estimate for the Q2. While the government gauged that second quarter growth will gain 2.6% in July, initially. The economic momentum was influenced by robust consumer expenditure and stronger business investments. President Trump pledged during his campaign for a 4% growth, but later on reduced this to 3%.


    Moreover, the White House aims to improve the slow recovery from the general economic decline by lowering down taxes, cutting deregulation while increasing infrastructure expenditure. Until now, the economic agenda of Trump still unable to settle in the Congress


    Nevertheless, the American economy seems to be healthy, mainly on employment. Hiring for private employers was increased in August with 237,000 additional laborers, based on the ADP assessment released on Wednesday.


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  4. Andrea ForexMart

    Andrea ForexMart Active Member

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    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!
     
  5. Andrea ForexMart

    Andrea ForexMart Active Member

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    Private Sector Positive Growth Pushes Inflation Higher


    The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.


    The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.


    The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.


    On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.


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  6. Andrea ForexMart

    Andrea ForexMart Active Member

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    French President Supports EU Ties with Turkey


    The president of France, Emmanuel Macron, commented on Thursday that the Turkey is essentially part of the European Union and sustain its diplomatic relationships despite its distressing problems as of lately. This comment from Macron supports the recent speech of German Chancellor Angela Merkel about the membership with E.U. particularly referring to Turkey which is deemed to be terminated.


    Macron mentioned that Turkey has been distant with the European Union in the past months and has “overstepped” their actions which pertain to the customs union that cannot be disregarded. Despite this complication, he described the country to be a “vital partner” as he is against the disunity as they all confront problems concerning immigration policy and terrorist threats.


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  7. Andrea ForexMart

    Andrea ForexMart Active Member

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    This week’s most popular deal:

    populardeal.PNG


    Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
     
  8. Andrea ForexMart

    Andrea ForexMart Active Member

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    Drop of Oil Prices Due to the Hurricane Damages


    Oil prices declined on Tuesday as an aftereffect of the Hurricane Irma as it weakened the demand as it counterbalances the restart of the refineries since the Hurricane Harvey. Despite the recovery of the refineries, the repercussion of cyclone Irma was less favorable of favorable for the oil market.


    The global benchmark of Brent crude LCOc1 dropped by 35 cents to $53.49 per barrel at 08.47 GMT. On the other hand, the U.S. West Texas Intermediate (WTI) crude CLc1 declined by 30 cents at $47.77 a barrel.


    The Goldman Sachs forewarned that there is a possibility for the demand to drop by 900,000 barrels per day for the month of September and 300,000 bpd in the succeeding month because of tropical cyclones.


    Investors are also monitoring how the weather conditions could affect the inventories. The report from the American Petroleum Institute (API) is anticipated on Tuesday while the U.S. Department of Energy’s Energy Information Administration (EIA) will publicize the results on Wednesday.


    Projections from experts show that the inventory reports of crude stocks will increase by 2.3 million barrels for the week of September 8. Furthermore, the prediction for the refined commodities supply will most likely decline. Despite the present problem in oversupply in oil reserves, oil producing nations particularly the Saudi Arabia and Venezuela and Kazakh counterparts with the probability of extending its lengthen of production output over the March 2018.


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  9. Andrea ForexMart

    Andrea ForexMart Active Member

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    CBA Issued $3 Bonds Despite Money-laundering Allegations


    Bonds worth $3 billion was successfully issued by the Commonwealth Bank of Australia (CBA) in the United States amid the money-laundering allegations against the biggest lender in the country.


    The bank had it in three-parts and sold more cheaply than anticipated that increased the funds and garnered $5.9 billion orders as reported by the Reuters on Thursday morning. It is separated into three partitions, 10-year bonds worth $700 million, 5-year bonds worth $1.15 billion and 3-year bonds worth $1.15 billion stated by the IFR magazine. Following the sudden increase in the U.S. bond market, the demand surged up with scarcity in high credit rating as it is highly applied for.


    During the CBA meeting with the investors last week, they were able to discuss if the money-laundering issue would affect raising of debt. The Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency of the country, filed a lawsuit against the CBA and faces anti-money and counter terrorism financing laws. At the same time, they are also confronted with a separate examination from two regulatory companies and a possible legal action. The Australian banks lost 9 percent A$14.3 billion or $11.5 billion following the AUSTRAC case.


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  10. Andrea ForexMart

    Andrea ForexMart Active Member

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    Disappointing Chinese Data Weighed on Asian Shares


    On Thursday, Asian stocks were partly lower from its 10-year highs as Chinese data showed softer than the expected figures of the markets. On one side, the dollar remained unchanged prior the release of its inflation data later this day.


    Fixed-asset investment in China, along with the retail sales and factory output came in lower, underlining some reports that the world’s biggest economy is slowly losing its strength due to rising borrowing costs.


    The Aussie dollar is known to a liquid proxy for China-related tradings, but its gains also reduced, reaching 0.3 percent at $0.8006 followed by the robust data on employment.


    The shares of MSCI’s broadest index of Asia-Pacific, excluding Japan, fell by 0.1 percent on the back of reaching its highest in 2007. After the sluggish data, Chinese stocks are currently in an unprofitable financial condition and gave up its earlier gains.


    While Nikkei Japan slid by 0.2 percent and the broader TOPIX wiped off its two-year peak along with the weakening of the Japanese yen.


    Additionally, KOSPI index of South Korea was up by 0.1 percent while the Australian shares had a 0.2 percent dipped.


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