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Andrea ForexMart

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  1. ForexMart's Forex News

    France Faces Structural Unemployment Issues The jobless rate in France had decline generally, but there are no immediate solutions for skill shortages. French unemployment lowered down by double figures during the third quarter last year and resumed to drop until the fourth quarter. According to Bloomberg, the country’s unemployment rate in December 2017 was 8.9 percent while the fastest acceleration in employment creation since 1996. On the other hand, unemployment in 2017 plunge to 1.9 percent which is a major downturn in a decade. Meanwhile, President Emmanuel Macron promised to lessen the unemployment by 7 percent in the year 2022. Structural unemployment is also one of the largest shortcomings during the Hollande administration in which Macron performed as the Minister of the Economy. Nevertheless, France is also known for its issue regarding the country’s increasing skills gap. As mentioned by the Financial Times, there are about two million French workers with less qualification which became the underlying factor for structural unemployment. According to estimates, the job market of France was unable to appease the demand of 200,000- to-330,000 posts due to failure finding the appropriate candidate. Moreover, the current administration plans to have a €15bn investment programme to improve employability skills especially for the below average job seekers and long-term unemployed. In case of the approval of the project, it will take two-to-three years to take effect.
  2. ForexMart's Forex News

    More Pressure Besets Chinese Local Government with New Bond Rules Local governments of Beijing were pressured to settle their financial problems while a new rule on are issued on lending companies. Chinese firms have to confirm publicly that funds gained in selling bonds should not add to local government debt and they are not siding on any government financing sector based on the given notice from the country’s top planning agency. Moreover, corporations should not demand or accept any assurance from local governments on debt financing, as stated by the National Development and Reform Commission (NDRC). Regulators are looking for means to have a better control in the midst of a wider systemic risk on the high local government debt and their transparent financing. Authorities are trying to separate financial actions as part of their restriction, which is often related to stand-alone companies in a technical perspective. In particular, credit rating agencies should not associate the financial reports and project data in credit ratings work with the local government credit ratings, according to the NDRC. The Chinese government is trying to instill on investors that actions will be taken if they did wrongfully. It means that the government is not responsible on increase in debts by these firms but they are still expected to intercept to provide support for these companies, referred as local government financing vehicles (LGFV) in settling compensation concerns. The local debt of China’s government increased by 7.5 percent to 16.47 trillion yuan or $2.56 trillion at the end of 2017, based on the calculations by Reuters, which is still within the target figure of the government. Outstanding corporate debt amounted to 165 percent of GDP, which has been the highest among major economies and is mostly owned by the state.
  3. ForexMart's Forex News

    Canadian Free Trade Slow Down its Economy The Canadian economy had an unfavorable situation in the previous year. The trade data was published yesterday that shows a continuous decline in growth and tried hard to gain profits outside the energy sector despite the positive exchange rate and the demand in exports of US non-energy products reduced in terms of volumes. Also, any recorded growth over the past decades was mainly driven by higher prices. The inactivity of the past years is considered an enigma for policymakers which may question Canada’s ability to maintain its growth rate followed by the fastest 3 percent expansion in 2017 over six years. Bank of Montreal Economist Benjamin Reitzes mentioned that the country’s current trade environment remains fragile due to the sluggishness of non-commodity exports. Canadians desire is to become “perennial optimists” of international trading amid uncertainties arises regarding advantages of open economies. According to Prime Minister Justin Trudeau, trade is the main factor for economic growth, making his Liberal Party lawmakers advocates to preserve the North American Free Trade Agreement (NAFTA), which is currently in the seventh round of talks. The trade performance of the country was dull except for oil and its non-energy trade deficit increased by $8.64 billion (US$6.9 billion) in December and $87 billion for the entire year. Generally, the number of export volumes including oil failed to sustain along with the imports which would mean trade industry was largely driven by the excellent economic performance last year thanks to domestic demand. With this, the Bank of Canada may delay the interest rate hike while evaluating the overall economic condition. The not so strong non-energy trade indicates that Canada is highly dependent on oil in order to keep its trade balance from falling, even though Trudeau strives to turn around from commodities. Moreover, energy exports came in at 17 percent in 2017 and move higher by 14 percent in the beginning of the year.
  4. Company News by ForexMart

    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.
  5. ForexMart's Forex News

    Uncertainty of Brexit: Puts the Top Financial Center at Risk Trading relations between Britain and European Union is still uncertain, which poses risk to London being the world’s top financial center based on the business survey on Monday. There was a slowed growth in the financial sector based on the quarterly survey from business lobby CBI and consultants PwC for the three succeeding quarters in the last three months of the year. For two year, the flat trend or a decline phase has been prominent in the period of two years, although, the general transaction was steady as a whole. Majority of the businesses are looking for certainty in Britain regarding its trade relations in the future, based on the survey done. A CBI Chief Economist, Rain Newton-Smith, said that clarity is needed to gain back business confidence which would dictate on the good opportunities against the bad ones as “consequences of failure”. On Monday, it is anticipated for the European Union to approve criteria on negotiations as a transition period of Brexit until March 2019 that includes new trading rules. The head of financial services at PwC, Andrew Kail, said that the transition period will probably take place but the financial sector needs to prepare to function outside the bloc. They needed to have a counter measure to sustain its trading status and business model. Other cities such as Luxembourg, Paris, and Frankfurt Dublin are attempting to gain financial services from London to proceed with their transactions with EU customers after Brexit. Paris could surpass London as the leading financial center in few years time, according to the French Finance Minister, Bruno Le Maire, a statement on Reuters. Gains from financial companies proceeds to grow in the final quarter of 2017, which is also anticipated to be similar the first three months of the year, based on the recent survey. When it comes to the workforce, eighteen percent comes from the eurozone, which increased from 8 percent ten years ago. The municipal officials for the capital’s “Square Mile” financial district, a report says that almost one for every five workers in 2016 was from a European country, which has been the highest figure recorded so far. Meanwhile, around 59 percent of employees came from outside of Europe. Another survey shows 54 percent out of 02 companies wanted to make it simpler to attract more workers for Britain’s financial technology or fintech sector.
  6. Company News by ForexMart

    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.
  7. ForexMart's Forex News

    Tax Overhaul Supported Increase for US Economy The U.S economy is expected to expand by 2.7 percent in 2018 due to President Trump’s tax reduction that led to growth, as indicated in the new report by the International Monetary Fund (IMF) on Monday. This further showed positive news in the economy marking a one-year leadership of the president in the White House. However, inequality in the United States remained to be extreme. The initial forecast of the IMF for the American growth was only 2.3 percent but they decided to increase their predictions following the approval of the comprehensive amendment of the U.S. tax code in the past 30 years. The significant corporation tax reduction rate from 35 percent to 21 percent will stir up growth in business investments, based on the recent World Economic Outlook quarter report of the IMF. The United States also gained benefit from the world economic rebound which resulted in additional trade and purchase of some American products. The Washington-based organization mentioned about almost 120 countries that improved in 2017, which can be seen as a synchronized upward shift of economy since 2010. The IMF recently issued a brighter forecast for the US while the Wells Fargo currently projects for a 3 percent growth for this year. However, the IMF warned that the surge appears to be temporary and other organizations, particularly the World Economic Forum coincided with this statement. According to them, the boost is not enough to lessen the inequality issues which shows that top 1 progressed while the income of middle-classes was stagnant for nearly 20 years. The reduction in the rate of tax is basically predicted to grow this year until 2018 and the increase will soon fade after the budget deficit ramp up and the government is obliged to seek further options either reduce expenditures or raise the revenue. In addition to it, the trade deficit could possibly even grow along with the economic improvement and Americans purchase more overseas products.
  8. Company News by ForexMart

    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]
  9. ForexMart's Forex News

    UK Inflation Rate Fell to 3% in December The inflation rate of Britain edged lower for the first time in six months in December, which was driven by the price of airfares and games and toys. The rate went down to 3 percent versus 3.1 percent in November, this is the fastest decline over five years. While the core measure of consumer price growth also decreased to 2.5 percent five-month low. The British pound lost its strength on the back of the data publication and currently trades at $1.3772 as of 10:37, lower by 0.2 percent on the day. The numbers can be regarded to be the inflection point for the inflation due to impact from Sterling depreciation after the dwindling of 2016 Brexit referendum. The Bank of England along with the economists showed some projections for the possible downturn in 2018 and others predicted that the economy will be at the 2.4 percent level at the end of this year. The drop recorded in December was mainly influenced by the technical adjustments of airfares within the inflation basket. However, the Office for National Statistics remains uncertain whether this move signaled for the beginning of a longer-term reduction in the rate. On the same month, services inflation plunged to 2.5 percent, which is the lowest in nine months. The slackening inflation had a positive effect on households, especially those with low incomes as prices continued to rise. Economists polled by Bloomberg foresee some growth improvement in the currently weak household consumption by 2019. But, it will continue to sit below its recent average in both years. While predictions for headline inflations seems cool, but the Bank of England policymakers focused more on the changes in domestic price pressures caused by low unemployment and contraction of supplies. In November 2017, the BoE approved for an interest rate hike for the first time after 10 years and spoken about the further rate hike in the subsequent years. According to experts, the upward pressure on inflation partially comes from the sluggish productivity growth which hit the British economy since the Great Recession. On the other hand, policymaker Silvana Tenreyro had a positive outlook during her speech on Monday. Tenreyro stated that the economy will grow in the medium term which could reverse the forecast for interest rates.
  10. Company News by ForexMart

    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.
  11. Company News by ForexMart

    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.
  12. Company News by ForexMart

    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!
  13. Company News by ForexMart

    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!
  14. Company News by ForexMart

    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.
  15. Company News by ForexMart

    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.