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Andrea ForexMart

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  1. Company News by ForexMart

    This week’s most popular deal: Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
  2. Company News by ForexMart

    Finance Minister Le Maire Confident for Optimistic French Economy Finance Minister Bruno Le Maire is present in the conference with central bankers and Group of 20 finance ministers led by the International Monetary Fund. He met with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and U.S. Treasury Secretary Steven Mnuchin on Thursday. During the meeting held in Washington, Le Maire told officials his confidence towards the expected economic performance of France. Considering the determined behavior of Macron administration in implementing reforms. According to Le Maire, the main purpose of President Emmanuel Macron’s leadership is to give France a new and improved economy. There are different projections about French GDP but currently predicted to increase by 1.7 percent in 2017, which indicates the country’s strongest development after six years. The French Ministry of the Economy and Finance reported the continuous expansion with the same pace in 2018, however, the Finance Minister stated that it could possibly jump beyond official outlook. After Macron’s five months in the position, he successfully put into effect complex labor laws reform which enables companies to have more flexible environment working period and implementation of job cuts. Moreover, the French leader began to discuss with associations and corporate groups the intention to revamp employee training and unemployment-insurance system. The government also prepared the national budget for 2018 that will reduce taxes and public expenditures, Le Maire said.
  3. Company News by ForexMart

    World Bank Cuts Growth Projections in India The Gross Domestic Product (GDP) of India may decline to 7.0 percent for this year versus 8.6 percent in 2015 due to concerns in demonetization and the Goods and Services Tax (GST). As per the forecast from the World Bank, controlled private investment brought by internal bottlenecks could impose downside pressure towards India’s potential growth. On Wednesday, The International Monetary Fund (IMF) had revised lower the country's growth outlook at 6.7 percent in the current, this shows 0.5 percentage point lower than the two previous forecast and weaker than the 6.8 percent by China. As indicated in the biannual economic update from South Asia Economic Focus, the economic development of India was greatly affected by the issues regarding the withdrawn banknotes and risks involving the GST. Therefore, resulting to an expected slow growth. The growth could increase by 7.3 percent next year through implementing fair policies in balancing public expenditure with private investment. It is projected that sustained growth could lead to further poverty alleviation and more attention is necessary to help the informal economy gain benefits, according to a report issued prior the annual meeting of the World Bank and the IMF. Moreover, the reduction on India’s economic growth also weighed down to South Asia, which resulted to a tip over the second rank followed by the East Asia and the Pacific. On the other hand, both public and private expenditure have faster pace after the approval of the Seventh Central Pay Commission (7th CPC). And also because of the recovery in the rural demand subsequent to the agricultural impetus and normal monsoon. Meanwhile, the aggregate demand decline as public investment begin to weaken. The bank mentioned that GST is forecasted to stall economic progress earlier next year, however, there is a tendency that momentum may raise. There are indications that shows manufacturing, post-GST and services could possibly decrease sharply. The economic activity could sustain within a quarter in stabilizing the GDP rate at 7.0 percent in 2018.
  4. Company News by ForexMart

    Politically Impelled Depreciation of New Zealand Dollar A decline in the local dollar is anticipated as warned by the leader of the small nationalist party which will determine the next government of the country following the uncertain outcome of the general election. The New Zealand dollar dropped to its lowest value since the latter part of May on Monday after the final counting of votes at the weekend which exhibits the opposition of the Labour-Green bloc leading paired against the ruling National party. Although, the National party occupies a greater number of seats. After the final counting of numbers, there is a market speculation that the New Zealand first leader , WInston Peters, has to receive support from both parties to reach sufficient supporters to oversee the proportional representation system of the country and would be easier to work together along with the center-left Labour-Green bloc, inducing investors to sell their assets in New Zealand. Peters negotiated with both Labour and National parties on Tuesday. He has previously served the ruling party headed by both political bodies. Once the election has ended, he was anticipated to publicize with the party would he be associated with on October 12. Yet, reports from media say that he was not ready to announce his preferred coalition by Thursday and cannot decide if there will be an announcement on Friday. The New Zealand currency plunged by 3.7 percent since the election on September 23rd. It reached a four-month low of $0.7052 on Monday then rose the following day traded at $0.7063. Consequently, exporters will find this news a good event being an export-reliant nation as said by Winston Peters after its meeting with Labour when he was being interrogated about the depreciation of the currency. The nationalist party supports the arbitration of the Reserve Bank of New Zealand in the foreign exchange market and the kiwi is ranked as 11th eleventh in the currency market in 2016. On the other hand, the Labour party supports some revisions in the mandate of the central bank related with inflation. The Labour party has more commonality with the protocols of NZ First and putting more pressure in the market regarding the changes in policies since the National has more control over 10 years. At the same time, both parties also favor the adjustments in immigration, foreign proprietorship, and renegotiation of some trade deals. Peters has not given any decisions but he mentioned that control in foreign ownership will be his focus on most of the talks.
  5. Company News by ForexMart

    This week’s most popular deal: Risk Warning: Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result to substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge and understand the risks relative to forex trading. Seek financial advice, if necessary.
  6. Company News by ForexMart

    Russian Services Sector PMI Reached a Three-month High in Q3 The services sector in Russia rose at the fastest rate in three months to September amid higher demand in new orders and hiring according to the survey on Wednesday. The Markit purchasing managers index (PMI) for the said sector increased to 55.2 in September from 54.2 in August. The figure stayed higher than the 50 mark which set apart increase from contraction since the second month of 2016. The survey showed a stronger output, new orders and high export demand boosted the manufacturing activity for the first time since August 2013. Experts that derived the conclusion that both foreign and domestic clients pushed the high demand for new orders. At the same time, a good business environment contributed in improving the business confidence and adjust the anticipated output higher to an eight-month high. The expansion of business since the end month of 2012 has been at the fastest rate that backed up the rise of employment growth. Moreover, the workforce has significantly increased at the swiftest rate since May 2013 as mentioned by an IHS Markit economist Sian Jones.
  7. Company News by ForexMart

    Try the New Copy Trade System! Dear traders! 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!
  8. Company News by ForexMart

    Asian Factories Improved Activity Before Shopping Season Begins Large factories in Asia has been more active in September along with the rise in global growth with signs if a strong demand for manufactured goods which end the shopping season very well. Yet, some regional economies who are experiencing economic struggles keep the direction slightly bent as they need to implement softer monetary policy despite western countries have pushed back their stimulus. The central bank of China has reduced the number of cash reserves for the first time since February 2016 which aims to make it more appealing for smaller lending companies and boost the stagnant private sector. The slowdown of their economy did not meet expectations even if they started the first half strongly. Although, they have plans of easing as they prepare ahead of the shopping season. This was supported by the official Purchasing Managers’ Index from China’s vast manufacturing sector whereby data shows a high demand in the previous month which have been the fastest rate since 2012. However, the higher cost of raw materials has affected the performance of smaller companies which was exemplified in the separate private survey of factories indicating slowed growth for the month of September. In Japan, the factory performance also accelerated at a quicker rate in four months because of strong demand in exports that affects the economic momentum despite the unchanged inflation rate. Moreover, the Bank of Japan reported that large manufacturers have gained more confidence in business situation over a decade, driven by the low value of yen and a strong global demand. Nevertheless, the BOJ plans to maintain their rates low. Also, the Manufacturing business in South Korea grew at the fastest rate in less than two years. Indonesia also demonstrated a rise in factory growth although at a slower rate and the production also declined. The country eased their interest rate twice this year hoping to improve the weak domestic consumption. Yet, India cut its rates in August to stimulate growth and inflation. Overall, it seems that these easing of the Asian nations is not really a major move but rather mere adjustments in policies compared to the Western countries as described by Rob Carnell, Asia’s head of research of ING.
  9. Company News by ForexMart

    The current Money Fall contest has already started on October 2, 2017 and will end on October 6, 2017. You can register for the next competition which will take place from October 9, 2017 to October 13, 2017. Note: Registration for the next competition finishes 1 hour before the contest starts.
  10. Company News by ForexMart

    Hurricanes to Slow Down US Economic Growth The American economy improved slightly faster versus its earlier estimate during the Q2, this is the fastest growth recorded after two years. However, the progress could possibly slow down in Q3 brought by the blow of Hurricanes Harvey and Irma. The GDP rose at an annualized rate at 3.1 percent from the months of April to June, according to the Commerce Department on Thursday. US economic status in the last quarter was considered the fastest since the Q1 of 2015, after the 1.2 percent progress from January to March. According to economists, the huge storms Harvey and Irma that hit Florida and Texas has the tendency to cutback six-tenths of GDP percentage point in the third quarter. The home building, home sales, industrial production, and retail sales dropped in August which was mainly blamed to hurricane Harvey. Moreover, the sluggish data is already expected in September due to the so-called ‘monster storm’ Irma. However, recovery plans are predicted to lift growth for the GDP in Q4 and also in 2018 earlier. The indications that show further improvement on business inventory investments could possibly ease down its effect towards the economy. Other reports on Thursday states that the Commerce Department says, wholesale inventories grew by 1.0 percent for the month of August and 0.6 percent in July subsequently. While retailer’s inventories perked up by 0.7 percent and remained steady in July. On one hand, the department added that goods trade deficit declined to 1.4 percent ($62.9 billion) last month, which led to an upside risk to growth forecast below 2.5 percent for the fourth quarter. The aftermath of the previous storms Harvey and Irma continue to affect even the labor market which is projected to a weak growth on jobs for the current month. Based on the third readings of the Labor Department, the initial claims for unemployment insurance benefits rose to 12,000 according to a seasonally adjusted 272,000 for the week until 23rd of September. Furthermore, prices of long-dated U.S. Treasuries traded in a lower rung, and DXY weakened against another group of currencies.
  11. Company News by ForexMart

    Qatar’s Imports Surged in August Despite of Sanctions Imports of Qatar rose in value as it bounced off abruptly during the month of August compared to the earlier month as stated in the government data on Wednesday. This could mean that the economic impact of sanctions enforced by neighboring Arab nations is ebbing. Previously imports dropped over a third in value after several countries including the United Arab Emirates, Saudi Arabia, Bahrain and Egypt which severed their diplomatic ties with Doha on June 5. However, this affected the shipping routes to Qatar as it closed the border of its country with Saudi Arabia where food and construction materials are being imported. However, figures showed a sudden increase of 39.1 percent to 8.68 billion riyals or $2.38 billion last month as reported by the planning and statistics ministry. Although in contrast to the statistics from a year earlier, the imports were 7.8 percent lower exhibiting a big recovery compared to the levels for the month of June and July when it plunged greater than 35 percent last year.
  12. Company News by ForexMart

    NZ Business Confidence Index Plunged After General Election After the general election in New Zealand, the business confidence in the country has declined to its two-year low which is caused by the fears of manufacturers for a downturn. Before the voting on September 23, the confidence index fell to zero against 18.3 last month as mentioned by ANZ Bank New Zealand on Tuesday. More than three months passed after the survey of manufacturing companies issued a pessimistic forecast for business conditions within next year, higher by 2 percent in the earlier poll. Moreover, the sector has the tendency to cut down hiring while respondents are expecting for a lower salary.
  13. Company News by ForexMart

    Economic Calendar (September 26, 2017) 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.
  14. Company News by ForexMart

    The current Money Fall contest has already started on September 25, 2017 and will end on September 29, 2017. You can register for the next competition which will take place from October 2, 2017 to October 6, 2017. Note: Registration for the next competition finishes 1 hour before the contest starts.
  15. Company News by ForexMart

    US Federal Reserve Kept Interest Rates On Hold The biggest crisis within the financial sector was recorded nearly a decade ago, while the Federal Reserve lead the turning point and decided to begin unwinding the stimulus in order to avoid another depression. Moreover, the US Fed will begin the $4.5 trillion worth of balance sheet reduction in October and initially will start by $10bn each month. According to Fed chair Janet Yellen, the normalization process is expected to be gradual and seems foreseeable. While US policymakers kept the dollar rates unchanged at 1.25% to 1.5%. The FOMC is projected to increase borrowing costs for the second time in 2017, followed by the anticipated three-time hike in 2018. During the press conference, J. Yellen confirmed that the central bank has no clue regarding the failure of inflation to return to its target. In addition to, she already anticipated for the short-term damages caused by Hurricanes Irma, Harvey and Maria to the American economy. Yellen still doesn't have any plans for the future as she hasn’t met US President Donald Trump and did not even discussed whether she would pursue to have a second term after her first stint which will end on February 2018. It appears that investors see the Fed’s decisions as positive, considering the shares moved slightly higher in New York. The American dollar rose amid the weakening of the US government debt. Investors are prepared with the impact of the Fed’s policies against the markets.