Forexmart's Forex News

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

  1. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 03. German GDP fell 1.7%

    According to the Federal Statistical Office of Germany, the country's GDP contracted in the first quarter by 1.7% in quarterly terms and by 3% in annual terms. At the same time, Germany's GDP in the third quarter of last year grew by 8.7%, and in the fourth quarter – by 0.5%.

    The weakening of the largest economy in Europe pulled down the entire economy of the eurozone countries: according to preliminary data, the total GDP of the eurozone countries fell by 0.6% in the first quarter.

    Experts note that the new restrictions introduced in Germany during the third wave of the coronavirus pandemic have negatively affected the country's economy. First of all, consumer demand has been hit hard by the restrictions. Moreover, the head of the Dusseldorf Chamber of Commerce (CCI) Gregor Berghausen noted that the German economy loses more than 5 billion euros a year due to sanctions against Russia.
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  2. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 4. Oil prices returned to two-month highs

    On Tuesday, oil prices started to rise steadily, climbing to $69 a barrel, the high of early March.

    Market participants are trying not to get hung up on the worsening epidemiological situation in India, but prefer to focus on the prospects for a recovery in global economic activity as quarantine restrictions are lifted.

    Brent is also supported by the position of the OPEC + alliance, whose members continue to gradually increase the volume of oil production. The Iraqi oil minister said yesterday that the organization will try to keep oil prices within normal averages and not worry about falling prices.

    Also, the focus of market participants remains the negotiations between the United States and Iran on a nuclear deal. If sanctions against Iran are lifted, it will allow Iranian manufacturers to return to the world market.
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  3. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 10. SpaceX will launch a satellite to the Moon, paid for by Dogecoin

    SpaceX will launch a satellite to the Moon during the mission, which will be paid for with Dogecoin cryptocurrency. This was announced on Twitter by the head of the corporation Elon Musk. He wrote: «Mission paid at Doge. The first cryptocurrency in space, the first meme in space.»

    SpaceX Vice President Tom Ochinero noted that the launch of a satellite to the Moon (DOGE-1 mission) «will demonstrate the use of cryptocurrency outside of Earth orbit and lay the foundation for interplanetary trade.»

    The satellite itself belongs to the Canadian company Geometric Energy Corporation (GEC) and is a 40-kilogram device equipped with sensors and cameras. Its launch with a Falcon 9 launch vehicle is scheduled for the first quarter of 2022.

    Last week, Dogecoin peaked at $ 0.69. Prior to Musk's appearance on Saturday Night Live, the token's value climbed to a record $0.73, but during the airtime it dropped 30%.

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  4. emelyblunt

    emelyblunt Member

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    Would be better to start a software development company I guess.
     
  5. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 12. Wall Street falls after inflation data

    Wall Street indices declined on Wednesday after better-than-expected US inflation data raised fears of a Fed monetary tightening.

    According to the US Department of Labor, in April, consumer prices rose at their most in almost 12 years due to increased demand amid the opening of the economy. Excluding food and energy prices, consumer prices rose 0.9%, the highest since April 1982. As a result, market participants expect a 0.25 percentage point rate hike by the end of 2022 after such a strong acceleration of inflation in April.

    Uncertainty around the dynamics of rates and inflation is forcing investors to revise their portfolios, especially in technology stocks.

    As a result, the Dow Jones index fell by 0.93% to 33.950.66 points, the S&P 500 index - by 1.20% to 4.102.33 points, and the Nasdaq – by 1.91% to 13.133.86 points.
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  6. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 17. Russia in March retained the second place in oil production in the world

    According to the Joint Petroleum Statistics Initiative (JODI), Russia in March again remained in second place in the world in terms of oil production with an indicator of 9.508 million barrels per day. The United States retained the world leadership, while Saudi Arabia remained in third place.

    Russia remains in second place for the eleventh month in a row. Only in April 2020 Russia dropped to third place. Until this moment, the Russian Federation has also been in second place for over a year.

    According to the JODI, oil production in Russia in March increased by 1.3% compared to February. The United States increased production by 11.2% in monthly terms – to 10.968 million barrels of oil per day, while Saudi Arabia – reduced by 0.1%, to 8.138 million barrels per day.

    Oil exports from Saudi Arabia in March decreased in monthly terms by 3.5%, to 5.427 million barrels per day, and from the United States – increased by 7.5%, to 2.85 million barrels. In February, the Russian Federation exported 4.361 million barrels of oil per day, and in January – 3.986 million.
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  7. emelyblunt

    emelyblunt Member

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    An important aspect of a good software development team includes good communication among the team members. As a business owner, you may not always be available to check on the progress of the project. However, if you are regularly informed about the status of the software project, you can better ensure that it is progressing according to plan and subsequently meet your goals.
     
  8. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 24. Gold rises in price on weaker dollar and lower yields on US bonds

    On Monday, the price of gold is growing against the background of a weakening US dollar and a decline in yields on US government bonds. The current quotation of the precious metal is $ 1885.35 per troy ounce.

    Gold price continues to rise for the fourth trading session in a row. The dollar index again dropped below 90 points, and the yield on ten-year US Treasuries fell to 1.6% from the previous close of 1.632%.

    Analysts note that falling Treasury yields and a softer dollar have created good conditions for a rise in gold prices. In particular, the weakening dollar makes gold more accessible to holders of other currencies. And the decline in the yield on US government bonds, in turn, makes them less attractive as an alternative in the field of «safe» investments.
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  9. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 25. Wall Street grows thanks to declining bond yields

    On Tuesday, Wall Street's major indices opened higher as the largest-cap hi-tech stocks strengthened, inflation fears eased and US bond yields fell for the fourth day in a row. Analysts note that the yield on 10-year Treasury bonds on Tuesday fell to a new two-week low.

    As a result, the Dow Jones Industrial Average rose 22.20 points, or 0.06%, to 34416.18, the S&P 500 rose 2.92 points, or 0.07%, to 4199.97, and the Nasdaq Composite rose by 29.20 points, or 0.21%, to 13690.37.

    The S&P 500 is within 1% of its all-time high of May 7. Moreover, it recorded 22 new 52-week highs and one new low, while the Nasdaq recorded 58 new highs and 19 new lows.

    Boeing gained 2.4% after SMBC Aviation Capital agreed to buy 14 more 737 MAX aircraft. Lordstown Motors Corp. shares plunged 13.7% after EV makers announced much lower production in 2021.
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  10. KostiaForexMart

    KostiaForexMart Senior Investor

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    May 26. The oil market is growing after the publication of data on oil reserves

    World prices for «black gold» rose on Wednesday evening after the US Department of Energy announced a reduction in crude oil reserves in the country. The current quotation for Brent is $68.75 per barrel, WTI oil is quoted at $66.23 per barrel.

    According to a report by the US Department of Energy, commercial oil reserves in the United States over the past week fell by 1.7 million barrels – to 484.3 million. Analysts at the same time expected a decrease in the index by only 1.05 million barrels.

    In addition, the decline in stocks of distillates and gasoline also turned out to be stronger than experts' forecasts: distillate stocks decreased by 3 million barrels (the forecast assumed a decrease of 1.9 million), and gasoline – by 1.7 million (with a forecast of a decrease of 0.61 million barrels ).

    Markets also continue to monitor the situation around Iran's nuclear deal, assessing the prospects for the return of Iranian oil to the market.
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