Forexmart's Forex News

Discussion in 'Forex - Currencies Forums' started by Andrea ForexMart, Jan 18, 2018.

  1. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 12. The first blockchain operator was founded in Russia

    The Moscow Exchange and members of the FinTech Association (AFT), which includes large Russian credit institutions, founded the first blockchain operator in Russia. In addition to the Moscow Exchange, VTB, PSB and the National Payment Card System (NSPK) and AFT took part in the project. Each co-founder owns 1/6 of the share in the company.

    The creators of the operator are confident that it will allow the development of innovative products and services, as well as reduce costs for all market participants.

    AFT will transfer the rights to the only Russian certified blockchain platform «Masterchain» to the operator. With the help of this platform, services and products are created using Russian cryptography standards.
    [​IMG]
     
  2. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    Oil market. April 15, 2021 | Brent remains in the area of monthly highs

    On Thursday, oil prices continued to be in the area of monthly highs, thanks to improved forecasts for global fuel demand. The current Brent quotation is $66.30 per barrel.

    Prices were supported by a report from the International Energy Agency (IEA), according to which oil demand is expected to grow by 5.7 million barrels per day in 2021 compared to 2020. And this is 230 thousand barrels per day more than previously predicted. The Organization of the Petroleum Exporting Countries (OPEC) has also improved its forecast for global oil demand for the current year and is now expecting an increase of 5.95 million barrels per day.

    Additional support for quotations of «black gold» was provided by yesterday's data on crude oil reserves in the United States. The Energy Information Administration (EIA) reported that oil reserves last week fell by 5.89 million barrels, while analysts had expected a half-cut, by 2.89 million barrels. In the current environment, oil prices will continue to trade above $66.00 per barrel.
    [​IMG]
     
  3. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 16. Why is the oil market growing?

    The oil market continues to grow on Friday. Brent quotes reached $67.37 per barrel, WTI – $63,87. Experts note that the general fundamental background continues to support prices.

    In particular, the Energy Information Administration (EIA) of the US Department of Energy on Wednesday announced a decrease in commercial crude oil reserves in the week of April 3-9 by 5.9 million barrels. In addition, projected gasoline demand rose to an almost 8-month high of 8.9 million barrels per day, down 5% from the same period in 2019.

    Another factor supporting the «black gold» was the increase in the forecast of the International Energy Agency (IEA) on demand for crude oil in 2021 by 230 thousand barrels per day. Now the agency believes that this year the demand for oil will be 5.7 million barrels per day higher than in 2020, and will amount to 96.7 million barrels per day.

    OPEC also raised its forecast for oil demand this year by 100 thousand barrels per day. The organization expects that global oil demand in 2021 will grow by about 6 million barrels to 96.5 million barrels per day. OPEC also raised its forecast for global economic growth – to 5.4% from 5.1%.

    The weakening of the dollar continues to contribute to the rise in prices, which remains under pressure against the background of the decrease in the yield of Treasury bonds below the level of 1.60%.
    [​IMG]
     
  4. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 19. Wall Street declines, consolidating after record peaks

    On Monday, the US stock market opened lower, consolidating in the absence of important economic news. Earlier last week, Wall Street hit another record high.

    In particular, the Dow Jones Industrial Average fell 114 points to 34.066 points, the S&P 500 fell 0.2% to 4.158 and the Nasdaq Composite fell 0.1% to 13.873 points.

    The main reason for the decline in the market, analysts called the sharp sell-off of cryptocurrencies over the weekend, which reminded investors how hectic the atmosphere was in the financial market during the pandemic.

    Tesla shares plunged 4% after another Tesla self-driving car crash resulting in two fatalities, once again calling into question the capabilities of the Full Self-Driving software. Peloton shares lost more than 7% after a public dispute with US regulators over the safety of its Tread +. Coinbase Global shares fell 0.9% after the cryptocurrency sharp correction seems to have exhausted itself. Growth leaders included Harley-Davidson, Manchester United Football Club and GameStop.
    [​IMG]
     
  5. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 21. What to expect from the Bank of Canada meeting today?

    Today the Bank of Canada has to make a decision on monetary policy, and it will not be easy. On the one hand, the latest macro statistics for the country were very strong: the economy is actively creating jobs, consumer spending is growing, production activity is accelerating, and the housing market is showing buyers willingness to pay even more than sellers are asking for.

    Given these factors, the Central Bank of Canada should be confident and willing to wind down its bond buyback program. However, it is not all so simple.

    The fact is that the number of Covid cases in the country is growing steadily, and many parts of Canada are re-imposing restrictions, which will be extended until the end of May. The new restrictions will slow economic recovery and prevent the Bank of Canada from winding down stimulus. Accordingly, the contradiction between strong macro statistics and strict quarantine is one of the reasons why it will not be easy for the Bank of Canada to make a decision on the rate.

    The current quote for the USD/CAD pair is 1.2600. The US dollar rose sharply yesterday from 1.2470 to 1.2625. If the Bank of Canada maintains its positive outlook and underscores the outlook for economic recovery, the pair could respond with a decline to 1.25. But if the regulator focuses on risks, and the tone of the statement is cautious, the pair may break through the 1.27 level on the wave of short coverage.
    [​IMG]
     
  6. flora

    flora Member

    Joined:
    Apr 2021
    Posts:
    10
    Likes Received:
    0
    Traders, if you are having problems with your broker you should visit “Scaminspect. c o m” for help. They helped me retrieve my 64,800 euros from 24options and Agmarkets. Contact them if you are finding it difficult to withdraw your profit from your broker.
     
  7. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 26. The meeting of all OPEC + ministers will take place on April 28

    On April 28, a meeting of all OPEC + ministers and a meeting of the Ministerial Monitoring Committee (JMMC) will take place. On the eve of these events, OPEC Secretary General Mohammed Barkindo said that the organization sees positive signals in the development of the world economy and in the prospects for the oil industry. At the same time, many factors remain that require constant monitoring and maintaining vigilance.

    Deputy Prime Minister of the Russian Federation Alexander Novak noted that the main task at the OPEC + meeting will be to analyze the situation on the oil market. Novak regards the current situation as «balanced».

    Recall that due to the drop in oil demand caused by the coronavirus pandemic, OPEC + has reduced its production by 9.7 million barrels per day since May 2020. As demand recovered, the restrictions were adjusted, and for the current April they amount to 6.9 million barrels per day.

    Since May, OPEC + has agreed on a further reduction in the volume of reduced production – to 6.55 million barrels per day, from June – to 6.2 million, from July – to 5.76 million.
    [​IMG]
     
  8. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 27. US economic indicators exceed forecasts

    According to the research organization Conference Board, the index of consumer confidence in the United States in April rose to 121.7 points compared with the revised index of 109 points in March. Earlier, the indicator value for March was estimated at 90.7 points. Analysts had expected the index to reach 113 points.

    Successful vaccination of the population, as well as a visible improvement in economic performance, has a positive effect on American sentiment. The indicator of the attitude of American consumers to the current financial situation in April soared to 139.6 points from 110.1 points in the previous month.

    Experts point out that consumer confidence has skyrocketed over the past two months and is now at its highest level since February 2020.

    In addition, the S&P CoreLogic Case-Shiller Home Price Index for the 20 largest US cities jumped 11.9% year-on-year in February, the fastest growth since March 2014. In monthly comparison, the indicator increased by 1.2%.
    [​IMG]
     
  9. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 28. Ethereum updated the maximum on news about the launch of digital bonds

    Ethereum, the world's second-largest cryptocurrency by market capitalization, reached a new peak on Wednesday amid news that the European Investment Bank (EIB) is launching digital bond sales on the Ethereum blockchain. As a result, Ethereum hit an all-time high of $2,725, up 5.5%.

    Yesterday it was revealed that the EIB plans to issue a two-year digital bond worth €100 million, with Goldman Sachs, Banco Santander and Societe Generale leading the sale.

    Experts note that the news of the EIB's digital bond issue prompted institutional investors to buy the token. They also noted a decrease in the supply of Ethereum in the market, which led to an increase in its price.
    [​IMG]
     
  10. KostiaForexMart

    KostiaForexMart Senior Investor

    Joined:
    Mar 2019
    Posts:
    677
    Likes Received:
    0
    April 29. US GDP in the first quarter grew by 6.4%

    According to a press release from the Bureau of Economic Analysis of the US Department of Commerce, the country's GDP in the first quarter of the year, according to the first estimate, grew by 6.4% on an annualized basis (if GDP grew at the same rate for four quarters in a row). Analysts predicted that the economy would expand by 6.1%.

    At the same time, according to the first estimate in annual terms (that is, in relation to the same period of the previous year), the US economy in the first quarter grew by 0.4%.

    According to the results of the whole last year, the US economy declined by 3.5%. Experts note that such a decline in the largest economy in the world was the strongest since 1946, when the indicator fell by 11.6%. In addition, this was the first decline in US GDP in a year since 2009 – then the indicator dropped by 2.5%.

    US GDP in the IV quarter of 2020 grew by 4.3% on an annualized basis and decreased by 2.4% compared to the same period of the previous year.
    [​IMG]
     

Share This Page