Forexmart's Forex News

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

  1. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

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    Develop a trading-friendly psychology because you can’t survive in this market. Try to trade with a regulated broker. Eurotrader provides high leverage, flexible margin level, and narrow trading spread so traders can implement their aim in reality.
     
  2. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

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    You have to hold your thirst for trading under every situation. It is even painful for those who build castle in the air about Forex trading. As a secure broker, you can go for FXOpulence broker because the broker uses different regulated bank accounts for offering security.
     
  3. KostiaForexMart

    KostiaForexMart Senior Investor

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    September 8. German inflation slowed to 6.4% in August

    According to the final data of the German Federal Statistical Office, in August consumer prices that meet European Union standards increased by 6.4% compared to the same period last year.

    Thus, inflation slowed down from 6.5% in July. The result corresponds to the preliminary assessment and forecasts of experts.

    On a monthly basis, prices for consumer goods and services increased by 0.4%, after an increase of 0.5% in July.

    Inflation, calculated only by German standards, also slowed down – in August the indicator fell to 6.1% y/y from 6.2% in July. This was the minimum growth in the last three months.

    The cost of energy in Germany accelerated its growth to 8.3% from 5.7%. The cost of food increased by 9% (in July – by 11%).

    Core inflation, excluding volatile energy and food prices, remained stable and amounted to 5.5% y/y in August, remaining at the level of the previous month.

    Preliminary data on the dynamics of inflation in Germany in September will be published on September 28.
     
  4. KostiaForexMart

    KostiaForexMart Senior Investor

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    September 8. German inflation slowed to 6.4% in August

    According to the final data of the German Federal Statistical Office, in August consumer prices that meet European Union standards increased by 6.4% compared to the same period last year.

    Thus, inflation slowed down from 6.5% in July. The result corresponds to the preliminary assessment and forecasts of experts.

    On a monthly basis, prices for consumer goods and services increased by 0.4%, after an increase of 0.5% in July.

    Inflation, calculated only by German standards, also slowed down – in August the indicator fell to 6.1% y/y from 6.2% in July. This was the minimum growth in the last three months.

    The cost of energy in Germany accelerated its growth to 8.3% from 5.7%. The cost of food increased by 9% (in July – by 11%).

    Core inflation, excluding volatile energy and food prices, remained stable and amounted to 5.5% y/y in August, remaining at the level of the previous month.

    Preliminary data on the dynamics of inflation in Germany in September will be published on September 28.
     
  5. KostiaForexMart

    KostiaForexMart Senior Investor

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    September 11. Oil market news

    On Monday morning, oil prices remain stable in the area above $90 per barrel.

    The current quotation of Brent crude oil is $90.30. The maximum reached at the end of last week is $90.83. North American WTI oil shows similar dynamics: the current price is $86.97 per barrel, Friday's maximum is $87.75.

    These marks were the highest since November last year. Over the past week, prices for Brent rose by 2.4%, and for WTI – by 2.3%.

    The current slight decline in prices is probably a technical correction. Although the oil market is still under pressure from concerns related to the slowdown in economic growth in China.

    China returned to inflation in August, but the growth rate was slower than expected. Consumer prices (CPI index) in the country last month increased by 0.1% in annual terms, which was below the average analysts' expectations of 0.2%. In July, the decline was 0.3%.

    This week, attention should be paid to the publication of OPEC's monthly report on the oil market, which is scheduled for Tuesday. And on Wednesday, the US Department of Energy will present a weekly report on crude oil reserves in the country.
     
  6. KostiaForexMart

    KostiaForexMart Senior Investor

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    The main events by the morning: March 21

    The Fed kept its key rate at 5.5%. Jerome Powell said that a rate hike could stifle the country's economy and budget due to rising public debt costs. At the same time, inflationary pressures are still too high to mitigate monetary policy.

    The US dollar is getting cheaper after the Fed meeting, which did not bring surprises to the market. The Fed's forecasts for 2025 suggest only three rate cuts instead of the previously expected four, which somewhat reduces the prospects for the dollar and highlights uncertainty in the US economic future, including the risk of continued inflation.

    There are more and more problems with the supply of Russian oil to India. Reliance, India's largest energy company, has stopped accepting Sovcomflot tankers with oil on board due to fears of secondary sanctions. The company requires a change of the carrier.

    German companies are concerned that the EU is losing its attractiveness for doing business. More than half of the surveyed German entrepreneurs (56%) noted a decrease in the attractiveness of the EU as a business platform over the past 5 years, while only 7% of executives see the situation in a positive light. The main reasons were the growing bureaucracy and trade restrictions.

    Japan is demonstrating a reduction in trade with Russia. In February, total exports from Japan to Russia decreased by 33.6%, while imports from Russia fell by 10.2%. Nevertheless, there is an increase in certain sectors: LNG supplies from Russia increased by 8%, fish and fish products – by 9%, Japanese motorcycles to Russia – by 13.2%.

    The U.S. Department of Justice is preparing to file a new antitrust lawsuit against Apple. This time, the company is accused of restricting access to iPhone hardware features. This case will be the third time in the last 14 years that the agency is suing the tech giant, which may be part of a broader Biden administration campaign against the dominance of large technology companies in the United States.
     
  7. KostiaForexMart

    KostiaForexMart Senior Investor

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    The price of gold continues to break records

    Gold, which ended trading at a historic high on Thursday, continues to rise on Monday amid expectations of interest rate cuts by the Federal Reserve. On Friday, due to Easter, the exchanges of the United States and many European countries were closed.

    The price of June gold contracts at the close of trading on the New York Comex exchange on Thursday was $2,238.4 per ounce. On Monday, the futures price rose 1.8% to reach $2,286.35. In March, the price of gold increased by 8.9%, and for the entire first quarter – by 8%.

    Analysts note that the unprecedented rally in gold was caused by softer inflation data in the United States, which increased expectations of a Fed interest rate cut in June. The consumer price index (PCE) in the United States in February increased by 0.3% compared to the previous month, which was lower than analysts' expectations, who predicted an inflation rate of 0.4%.

    Markets estimate the probability of a Fed base rate cut in June at about 70%, and also expect that by the end of 2024 it will decrease by 75 basis points from the current level of 5.25-5.5% per annum.

    As you know, lower interest rates create a favorable environment for gold, increasing its attractiveness as an investment asset. Gold investors act with confidence that the Fed will prefer to lower interest rates regardless of whether inflation reaches the target level.
    More news on our website: https://bit.ly/4a81506
     
  8. KostiaForexMart

    KostiaForexMart Senior Investor

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    Oil prices are on the rise due to the situation in the Middle East

    Oil prices rose slightly on Monday after the strongest weekly drop in seven months. Brent quotes rose to $83.70 per barrel. North American WTI crude is trading near $79.00.

    This came amid growing signs that recent cease-fire talks between Israel and Hamas have not made significant progress. The media reported that the last round of negotiations ended without reaching an agreement. This happened after the Israeli strike on Rafah, which killed at least 10 people.

    The ongoing conflict increases expectations of geopolitical unrest in the Middle East, which may lead to a reduction in oil supplies from this region.

    However, further growth in oil prices is limited by the prospect of weaker demand and reduced supplies this year. These factors also contributed to the sharp decline in oil prices last week. High interest rates and inflation are expected to remain factors putting pressure on the global economy this year, which could undermine oil demand.

    Recent data on the growth of oil production in the United States to record levels and an increase in oil reserves have also affected oil prices, raising fears that OPEC and its allies may not extend production cuts until the end of June.
     
  9. KostiaForexMart

    KostiaForexMart Senior Investor

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    The markets of Europe and Asia have gone up after the publication of the CPI report in the USA

    European futures, Asian stock indexes and regional currencies began to rise after the publication of a report on consumer inflation in the United States and strengthening hopes for an early Federal Reserve rate cut.

    The report showed that core consumer inflation in the United States over the past year was at its lowest level in three years, which fueled hopes for a softer monetary policy by the Fed.

    The dollar index fell to a one-month low as the dollar weakened against all major world currencies from the top 10. The Euro Stoxx 50 futures contract rose 0.3%, and Wall Street stock indexes reached new highs on Wednesday. Similar dynamics were observed in Asian markets.

    Among Asian currencies, it is worth noting the growth of the Korean won, while the yen was trading at its highest level in the last week against the dollar.

    The Australian dollar declined after the unemployment rate in the country in April did not meet analysts' expectations.

    An analysis of the swap market shows that two Fed interest rate cuts are now expected in 2024, as opposed to one reduction expected earlier this year. The general data on core inflation gives the Fed an opportunity to consider an earlier rate cut, and the market is inclined to believe that this could happen as early as September this year.
     
  10. KostiaForexMart

    KostiaForexMart Senior Investor

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    The main events by the morning: May 21

    The US Congress is concerned about the gradual abandonment of the dollar. Republican Thomas Massey said that countries are forced to abandon the American currency, including due to inflation. He is confident that other countries will start using alternative currencies, and the United States will have to rely only on the resources of its citizens.

    China continues to get rid of American debt by selling a record amount of U.S. bonds in the first quarter of 2024. During this period, China sold bonds worth $53.3 billion, which is a historical record. Experts believe that the reason for this is the use of the dollar by the United States as a weapon. Contradictions arise, as users of the dollar see injustice in its use in economic conflicts.

    The UN Security Council has not adopted a Russian draft resolution on the non-deployment of weapons in outer space. Seven countries voted for the draft, including Russia and China, while Switzerland abstained. Russia's permanent representative to the UN, Vasily Nebenzia, said that the rejection of the resolution proves the intention of the United States to militarize outer space.

    France has supported the International Criminal Court's request for the arrest of Israeli officials and Hamas leaders. The ICC's demand became known yesterday. Washington rejected this demand, and President Biden said he saw no signs of genocide in the Gaza Strip.

    Russians are less likely to repay mortgages ahead of schedule. In the first quarter of 2024, 432.7 billion rubles were spent on early repayment of mortgages, which is the lowest in the last four years. The reason for this is the high key rate, because of which citizens prefer to leave their excess funds in the bank at a high interest rate.
     

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