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Economic Calendar

 

Know what will happen next in the financial markets with ForexMart's Forex Economic Calendar.

 

ForexMart's Forex Economic Calendar is a real-time, customizable, and multifunctional, forex tool that allows traders to be updated with the latest and most relevant market events. All information that could be potentially impact your trading will be listed and analyzed here.

 

A trader that knows more, profits more. Use ForexMart's Forex Economic Calendar and become a better trader today.

 

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VAT Returns of Small Firms Incorporates to UK GDP Calculation

 

The Office for National Statistics evaluates the British economy by overhauling its way which includes huge VAT amounts from smaller companies for the first time. In the previous survey, the gross domestic product of the country was mainly based on the turnover of 45,000 largest firms. Since December, the data from the third of Britain’s 1.8m VAT returns will also be included in the turnover for the calculation of official GDP results.

With this, assessing UK economic growth will have dramatic changes for this could provide further insights from particular areas and industries. A higher proportion of VAT returns involves small businesses with a total of 98pc of UK companies.

 

In the past estimates of GDP, pubs and restaurants sectors, particularly  "food and beverage service activities" have high levels according to the 172 monthly poll and 28,000 tax returns.

According to the ONS, a much more detailed data will provide a comprehensive output of pubs, restaurants and takeaways and restaurants among various regions. The first new estimate encompasses VAT returns coming from small and medium businesses including 100 or fewer headcounts. While survey for large companies will remain to be part of the data gathering and ONS’s report. As there is only 20 percent of smaller firms in the UK economy, which means that the data accumulated by the national statistical institute will be more accurate but the overall GDP result could possibly be not altered despite its inclusion because major firms have a greater impact.

 

Based on the perspective of PwC’s Economist John Hawksworth, it would be better if the Statistics authority will release GDP forecast “ with and without (the) use of the new VAT data" respectively, in order for the public to understand the difference. On the other hand, ONS  chief economist Nick Vaughan announced that including additional information will be a gradual process.

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Record Low Drop of Aussie After RBA November Meeting


It is still unknown when will the Reserve Bank of Australia be able to return to sufficient wages which would lift weakened inflation. At the same time, commentaries from the board push the dollar to its lowest level in five months.

During the minutes of the  Reserve Bank's Melbourne Cup day, it can be concluded that they are heedful that low unemployment rate could not be directly associated with the globalization and technology and put upward pressure on inflation.

The cash rate positioned at a historic low of 1.5 percent following the November meeting when board member expressed their uncertainty on wage growth. When the unemployment rate drops, the salaries are expected to have an incremental increase. This could have a cooldown effect on the diminishing surge of the mining sector.  Although the board members expressed that uncertainty with the possibility of a wage pressure and the size of its effect on the inflationary pressure.

At the same time, tension coming from strong competition and a quicker rate in productivity pickup could hamper the push through of tighter labor market conditions to inflationary pressure.

Following the release of the meeting, the Aussie dollar dropped to 75.33 US cents from 75.58 US cents which have been the lowest level since June.

As mentioned, the board members see the competitive pressures effect on the outlook for inflation is predicted to decrease down to 2.25 percent but this is still within the target range of the central bank until the middle of 2019.

In effect, it seems that the food retailers and other enterprise adjusted their business models to able to cope with cost problems. It is anticipated that the pressure on retail margins and costs will remain for a while.

On the other hand, the board member also took notice that the wages growth weakened even though the supply in the labor market is declining. Hence, there is a chance that the current wage growth would not have a direct effect on the demand for labor and be less receptive to the changes in demands for labor.

The chief economist of Royal Bank of Canada Su-Lin Ong presumed that the wages growth will reach the lowest rate in 2017.

Considering the global trend, it cannot be clearly deduced whether the pace of wage growth could be maintained.

Ong mentioned that the RBA could hold the rates at a steady pace in 2018 and proceed with increasing their prices the year after and end with two percent cash rate. She noted other factors such as weak domestic demand and variability in housing that is still far from reaching its goals amid an excessive labor market would have a minimal effect to raise the cash rate from 1.5 percent in early 2019.

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Flat Economic Yield Curve Impact to the Economy

 

The U.S. Treasury yield curve is intensifying concern as it has been moving flat at a quicker rate which could affect the outlook for the economy. Although, this is already expected since the slope of the curve has been a relevant tool because of its stability and positive track record. Oppositely, a narrow curve would mean a slowdown in growth.

 

The economic signal has been more robust when there is an outright curve inversion, which happens when short-term yields are greater than those on longer-dated Treasuries. It is not the current situation but generally, people aim for 63 basis points. The difference between two- and 10-year Treasury yields have been reduced from 128 basis points in January which is the least gap since 2007 just before the recession began.

 

There are investors who believe that the Treasury yield curve is enough to guarantee a change in the economic outlook but it is still far ahead. It is necessary to stabilize the changes in the yield curve of the financial market compared to the general economic yield curve.

 

The spread between the federal funds rate and the nominal gross domestic product is the yield curve of the economy. This association is significant as it determined the ability of businesses and their consumers to afford higher borrowing costs which would ultimately affect the growth of the economy.

 

Based on third-quarter data,  the economy’s yield curve is near 300 basis points, which is can be achieved by taking the 4.1 percent annualized rate of growth in nominal GDP and deduct to the quarterly average of the federal funds rate of 1.15 percent. The spread widened by 65 basis points compared last year. However, despite the increase of 25 basis points by the Federal Reserve, the gap would increase the estimated by 4.5 percent to 5 percent growth in the nominal GDP which is already anticipated.

 

Nevertheless, changes in the yield curve of the economy will be supported by the higher spread between the federal funds rate and nominal GDP growth amid a not-so-strong and restricted growth of the financial market. This would prop up profits and equities of businesses. The future perspective of the fixed-income market may not be that positive since higher growth would induce Fed to normalize monetary policy through rate hikes.

 

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Japanese Government Additional Budget for FY2017

 

The Japanese government allocated an extra budget of 2.7 to 2.9 trillion yen equivalent to $24-26 billion for the current fiscal year until March 2018. There is an extra budget estimated worth of 1 trillion yen to boost expenditures, according to the official sources from the government

 

Moreover, the government will remove excess cash compared to last year’s fiscal budget and unutilized money from debt processes since the lending costs were lower-than-expected, according to reports.

 

There is no plan to make up with a deficit in bond issuance as long as there is ambiguity since there is still uncertainty in the future plans.

 

After a major election in October, the Prime Minister Shinzo Abe’s cabinet members aims to boost childcare support, enhance productivity involving small and medium-sized companies which would toughen competition among agricultural, fishery and forestry industries.

 

 

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Canadian Trade Deficit Fell Off

 

The trade deficit in Canada slumped to a five-month low during the month of October sustained by the recent rebound in the declining exports. According to the report of Statistics Canada, the country’s  trade deficit came in at $1.48-billion in the month. It further shrank from September’s $3.36-billion which is considered the least downturn since May that break the four-month trade downfall.

 

The reversal was interrupted by the rebound in exports, which seems gloomy in the past months after it accelerated on its record highs in spring. Exports increased by 2.7 percent month on month in terms of value and also gained support by strong prices which boost volumes by 1.2 percent. Moreover, the recovery of exports indicates optimism towards the Canadian economy for the last quarter in 2017.

 

The drop of exports has been regarded a major factor that dragged Canada in Q3, upon the sluggish GDP growth pace during the first half of the year. Moreover, exports could possibly buoy by the soft loonies, as it lowered down by 5 cents versus its American counterpart during early September and by the end of October.

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France GDP Expected to Grow, says BoF

 

The economy of France is projected to increase at a steady pace in October to December based on the poll led by the Bank of France. The gross domestic product of the country is predicted to rise by 0.5 percent in Q4, which remains steady from the second estimate published in November. The French economy grew by 0.5 percent in the third quarter.

 

The data from the survey today indicates that the industrial production resumed growing until November. The business leaders mentioned that output is planned to increase at a consistent pace this month. Moreover, the manufacturing confidence index also sustained its score at 106 last month, versus the forecasted increase of 107. On the other hand, the service sector activity heightened in the previous month. Business executives expect for a slight increase in activity for this month. The services confidence index further showed a steady stance at 102 in November, as the construction activity had a sharp rise in the same month. The sentiment index in construction gained slightly from 103 to 104, which was the highest recorded since December 2007. According to forecast, the activity may grow at a hardly slower momentum in December.

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Try the New Copy Trade System!

 

ForexMart continuously aims to improve its work and provide clients with the wide range of services for online trading on the Forex currency market.

 

We are pleased to offer you to use the new copy trade system. This service allows you to trade, copying positions and trading strategies of the most successful traders in real time. Account monitoring gives the opportunity to monitor the daily update of trading indicators, that allows you to control the process yourself.

 

Our company offers to consider the accounts of three ForexMart top-traders. Choose the most appropriate trading style and subscribe to copy the deals in just one click!

 

The new service is ideal for beginners, as well as for traders who do not have a lot of time.  This type of trading does not require in-depth knowledge in Forex trading and allows you to save significant time. You just need to subscribe to one of the three offered strategies and the orders will be automatically copied and displayed on your account. The service is provided free of charge.

 

Stay tuned and watch the news. ForexMart always tries to make your trade even easier and more profitable!

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BoE will Keep the Normal Rates After Brexit

 

The Bank of England allows the financial institutions in the country to proceed with their selling transactions in the United Kingdom without the need for expensive subsidiaries after Brexit, despite the divorce deal between London and Brussels becomes unsuccessful as reported by the BBC.

 

The decision of the central bank will be publicized at 1300 GMT on Wednesday. These would ease problems to be faced by the European banks as they offer wholesale services in London that follows New York as the world’s financial capital.

 

Concerns regarding their requests for business hours, the BoE haven’t responded out of it. There are unidentified reports saying that the government and sound sources that the decision is supported.

 

The proposal of BoE would affirm for goodwill from Britain in Brexit talks that seek to maintain London as the financial center and manage more banks.  

 

There are more than 100 branches of lenders that operate in London which is headquartered in London. In the present, banks in Britain functions under EU “passporting” rules, which will end in March 2019 when Britain leaves the bloc.

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Deposit Insurance

 

We want nothing but the best for all our clients – and that includes prioritizing your funds and interests.

 

ForexMart is a member of the Investor Compensation Fund, a fund conceived by the Section 17 of the Investment Services and Activities and Regulated Markets Law of 2007, which states every Cypriot investment firm must be part of the Fund. Its main objective is to secure claims of the covered clients in the event the company in question fails to perform its obligations, specifically:

 

  • Return the funds owed or belong to the covered client.

  • Turn over the financial instruments to the customer entrusted to the member firm.

 

The fund will pay the compensation for the affected client, subject to the existing legal and contractual terms. However, individuals with ongoing criminal proceedings are prohibited from making claims, as per Prevention and Suspension of the Legislation of Proceeds from Criminal Activities Law of 2007.

 

Compensation payable to the covered client will depend on the prevailing rules and company's books. It is computed by adding all the total established claims of the client against the firm, stemming from all the services rendered by the entity. As of present, the amount paid to the covered clients is €20,000.

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Bank of Spain Seen Growth in Spanish Economy

 

According to the central bank of Spain, robust export could possibly help increase the country’s economy by 0.8 percent quarterly rate over the past three months of 2017 amid the unfavorable consequences brought by the Catalan political crisis.

 

The Spanish economy is expected to grow by 3.1 percent this year, however, the government has to revise the outlook for 2018 by 2.3 percent versus the initial estimate of 2.6 percent due to risks generated from the already separated regional government of Catalan that urge of its

independence last October.

 

On Wednesday, the central bank further mentioned that buoyant exports generally created for the economic fallout in wealthy Catalonia. The projections and official data are scheduled to be released next month by the National Statistics Institute.

 

Currently, Spain is one of the fastest-growing economies of the European Union after emerging from the collapse in late 2013.

 

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The current Money Fall contest has already started on January 1, 2018 and will end on January 5, 2018.

 

You can register for the next competition which will take place from January 8, 2018 to January 12, 2018

 

Note:

Registration for the next competition finishes 1 hour before the contest starts.

 

Congratulations to all the winners!

 

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ForexMart - Callback Service

 

We are more than ecstatic to attend to all your inquiries and needs. Upholding our firm commitment to be your reliable trading partner, ForexMart wants to help you in every step of your trading journey.

 

If you are having any trouble calling our customer service, you may get in touch with us using our callback service. The feature is primarily designed to address all client queries as fast as possible. With this service, you can request to get in touch with one of our managers at your most convenient time. Ask and we shall call you back.

 

All you need to do is to provide your contact details and indicate your preferred callback time by filling up the form. Our Sales Department will respond to all your concerns within 24 hours. For other questions, please do not hesitate to contact us.

 

The service is free of charge and can be used by all our clients. Here's to wishing you a successful trading!

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Macron Signed Trade Deals with China

 

French President Emmanuel Macron had an official visit to China for the first, securing multi-million worth of euro business agreement and Chinese President Xi Jinping acknowledged future relations between France and China.

 

France was the first western country to seal diplomatic relations with the People’s Republic of China in 1964 and the visit made by Macron indicates high regard between the relationship of China and France. The French leader walked through the Forbidden City along with his wife Brigitte and some students from the French international school.

 

The talks of the two leaders were all about the “Belt and Road” initiative aimed to improve trade links with China towards central Asia, Europe, and southeast Asia. They also tackled about environmental issues during the visit and Macron stated in Chinese language to “Make our planet great again” in Chinese, as regards to the decision of Donald Trump to pull out the United States from the Paris agreement on climate change. Aside from advancing trade links, Macron tries to reduce the trade deficit of France with China worth €30 billion (35.8 billion USD) and to have a better access towards the Chinese market.

 

During the signing ceremony, both Presidents signed 50 trade deals which include the strategically key sectors of nuclear energy and aerospace. On the other hand, the aeroplane business Airbus is scheduled to seal a  multibillion-euro contract with China and Chinese e-commerce company JD.com disclosed their plans of selling French products to Chinese consumers amounted to €2 billion for the next couple of years.

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Australian Confidence Index Surged Again

 

Based on the ANZ-Roy Morgan survey, the consumer confidence of Australia increased more than four-year high during the first week of the year. While the majority of Australians are enjoying the holidays, the question arises whether or not the surge was actually influenced by the positive confidence levels or the advancement was only temporary.

 

As a matter of fact, upon the publication of the initial report for 2015, the ANZ mentioned last week that confidence levels suddenly rose after the Christmas-New Year period. This could also probably driven by the fact that Australians are certain about their respective finances as well as to the current condition of the economy. According to the poll held last week, the confidence levels had a strong boost again.

 

David Plank, ANZ Bank Head of Australian Economics, mentioned that the positive development in the previous week showed a better sentiment in connection with the present financial and economic status, along with the projections for household expenditures.

 

This helped negate small declines in the sentiment of finances during the year ahead, while the economy in the next five years is predicted to fall by 0.2% and 0.5% respectively, with partial reversal of strong profits according to report last week.

 

As the current finances subindex picked up, the final component in the survey also showed some optimism on its forecast for consumption with an increase of 3.4 percent.

 

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ForexMart Launches Web Terminal for Traders

 

We have launched a trading web terminal which will be available to all ForexMart clients.

 

This is an online-based trading platform which will enable clients and partners to keep track and supervise their trades at any given period of time without the necessity of downloading the MT4 trading software from the site. The web terminal also has a user-friendly interface which can be customized by partners and clients in accordance to their preferences.

 

The launching of this web terminal is part of our continuous efforts to further improve our services and to consistently provide a better trading experience for both our clients and partners, as well as to create more opportunities for traders.

 

The web terminal can be used for both old and new ForexMart trading accounts. For further information or any inquiries regarding this new feature from ForexMart, you can visit www.forexmart.com or you can contact our customer service at [email protected]

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New Account Currencies Available

 

Good news to all traders! There are new currencies that can now be used as base currencies. These are Malaysian Ringgit (MYR), Indonesian Rupiah (IDR), Thai Baht (THB) and Chinese Yuan (CNY).

 

You can also use these currencies to deposit/withdraw funds to your account and participate in trading. To make it more convenient for ForexMart’s clients, it can be paid directly without the need for conversion. You can visit our registration page to open an account with these new currencies.

 

 

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The current contest has already started on February 5, 2018 and will end on February 9, 2018.

 

You can register for the next competition which will take place from February 12, 2018 to February 16, 2018

 

Note:

Registration for the next competition finishes 1 hour before the contest starts.

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The current Money Fall contest has already started on February 26, 2018 and will end on March 2, 2018.

 

You can register for the next competition which will take place from March 5, 2018 to March 9, 2018.

 

Note:

Registration for the next competition finishes 1 hour before the contest starts.

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Account Verification

 

Verify your ForexMart account to access all our services. Please take note this process can only be done on our website. If you do not verify your account, you may not be able to fully access our services.

 

Account verification is easy and simple. Just provide a scanned copy of a valid ID or passport and a proof of residence. We do not accept electronic bank statements and electronic utility bills.

 

After sending the requirements, our account team will look into it. You will receive an email validating your account or requesting additional documents for the verification process within 72 hours after uploading the requirements.


 

For more details regarding Account Verification, kindly follow this link: https://goo.gl/eVHCno

 

Thank you and have a nice day!

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The current Money Fall contest has already started on April 2, 2018 and will end on April 6, 2018.

You can register for the next competition which will take place from April 9, 2018 to April 13, 2018 

Note:
Registration for the next competition finishes 1 hour before the contest starts.

--Winners of March 12 - March 16, 2018--

1. alex7010403 of  Borovaya Kharkovskoy oblasti (Acct. No.: 1087)

2. Ochechek01 of Барановичи (Acct. No.: 1155)

3. TOPMO3-23 of Tashkent (Acct. No.: 1108)

4. Wickiup_6 of Vinnitsa (Acct. No.: 1086)

5. MOZYR of мозырь (Acct. No.: 1094)

6. Ocho4 of Abuja (Acct. No.: 1115)

7. -----------SamNN---- of Нижний Новгород (Act. No.: 1090)

8. Phaq of hafizabad (Acct. No.: 1075)
 

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Free VPS Hosting from ForexMart

 

Avail VPS hosting from ForexMart today! Service is free for our clients. Experience a high speed, no reboots, unlimited usage for any purposes and a powerful server; online 24/7!

 

VPS Specifications

 

* 1 CPU (Top-edge servers from DELL-DELL R730xd with 2 x E5-2680v3)

* 1 GB RAM

* 25 GB HDD

* Windows Server 2008 included

 

Qualifications:

 

* To claim a FREE VPS, clients just need to deposit a minimum of 500 USD in their account (or equivalent in other currency.) Clients have to trade at least 0,5 round turn lots each month to maintain the VPS.

 

To apply for VPS, please contact Support Department via [email protected]

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Deposit Insurance - Protect Your Deposit with ForexMart

 

We want nothing but the best for all our clients – and that includes prioritizing your funds and interests.

 

ForexMart is a member of the Investor Compensation Fund, a fund conceived by the Section 17 of the Investment Services and Activities and Regulated Markets Law of 2007, which states every Cypriot investment firm must be part of the Fund. Its main objective is to secure claims of the covered clients in the event the company in question fails to perform its obligations, specifically:

 

* Return the funds owed or belong to the covered client

* Turn over the financial instruments to the customer entrusted to the member firm.

 

The fund will pay the compensation for the affected client, subject to the existing legal and contractual terms. However, individuals with ongoing criminal proceedings are prohibited from making claims, as per Prevention and Suspension of the Legislation of Proceeds from Criminal Activities Law of 2007.


Compensation payable to the covered client will depend on the prevailing rules and company's books. It is computed by adding all the total established claims of the client against the firm, stemming from all the services rendered by the entity. As of present, the amount paid to the covered clients is €20,000.

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