Thread: Company News by ForexMart

ForexMart Won as Best Forex Newcomer 2016

ForexMart was recognized as the best young company of 2016 year in the field of financial markets activity according to the business publication Global Business Outlook, having won a new award in the nomination "Best Forex Newcomer 2016".

Global Business Outlook Awards – the annual international award which recognizes and rewards businesses, both private and public, showing impressive innovations and progressive strategies in business activity at various economic industries. The new award, received by ForexMart, proves the high professionalism level of its specialists and quality of the offered services. And surely it reflects the highest degree of customer confidence. The award «Best Forex Newcomer 2016» from the authoritative British edition is a great distinction in a highly competitive market.

ForexMart President Ildar Sharipov is thankful for the award commenting:
«We are proud of getting this important and significant award and very thankful to our clients for their firm trust. This new award is a symbol of ForexMart’s excellent service that brings clients the complacency and security they need in the volatile forex exchange market. We always aim to provide our clients with the most advanced technologies for successful trade, without forgetting about safety and comfort of our interaction. We are planning to develop our services further, helping traders and partners to remain at the top of financial success».

ForexMart continues to make progress, creating and improving optimum, convenient and safe conditions for trade. Receiving of this award – is a significant achievement, indicating that ForexMart and its clients are on the right path - the path to success!


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This week’s popular deal:

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U.S. Job Openings Soared to 6.2 Million in June

There are about 6.2 million jobs available in the U.S. as companies are searching for new employees. The number of job openings rose to 417,000 for private sector while there are 44,000 postings for government vacancies including state and local government as stated by the Job Openings and Labor Turnover Survey (JOLTS) from the Labor department. Since April 2015, the jobs data has started to rise during the recession as it moves over the years.

Although, the job vacancies varies for every industry. In particular, those job opening includes education and health-services related industry, and professional and business services which have significantly increased in openings compared before the recession.

The report implies the stagnant hiring situation despite a surge in job openings. This has been happening for years and has risen fastly while the actual hiring has been flat since 2014.


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Bank of New Zealand Hold Rates

The Reserve Bank of New Zealand maintained interest rates on hold after the CPI inflation came in flat in the second quarter. The decision made by the RBNZ was already anticipated by analysts which is followed by the unexpected decline in the employment rate in Q2 together with the weak growth in gross domestic product.

During the first quarter of 2017, the economy of New Zealand increased by 0.5% below trend, after the slight growth of 0.4% in the last quarter due to temporary factors such as earthquake.
The central bank failed to push higher rates prior the Q3 of 2019 as shown in the forecasts issued associated with the monetary policy statement as indicated in the previous projections. The banks further downgrade its assessment on inflation for 2018 and 2019.

Amid dovish tone of the RBNZ regarding interest rates, the Kiwi dollar in terms of trade weighted rose. This is one of the concern of the bank for it has the potential to weigh downward pressure on prices.

The New Zealand dollar made light changes versus the greenback after the announcement.

This week’s most popular deal:

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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.

Britain Retail Sales Slow Growth in July

The retail sales growth of Britain has slowed down in July which is already anticipated following a strong second quarter. Most shoppers lessen their purchases that are majority to be goods other than food which worsens the decline in consumer demand because of higher inflation.

The statistics show a dropped of 1.3 percent year-on-year of the retail sales growth in volume terms which is lower the 1.4 percent increase in the forecast by economists according to a poll from Reuters. The annuals sales growth has been the slowest since November 2013 with a recorded figure of 1.8 percent.

On the other hand, wages in the second quarter were 0.5 percent lesser in real terms compared to 2016 which has been one of the largest decline since 2014. It is predicted that the consumer price inflation will rise by 3 percent in October compared to the current value of 2.6. An economist described the inflationary effect following the decline of sterling to diminish next year which could speed up the sales volume growth.


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The current Money Fall contest has already started on August 21, 2017 and will end on August 25, 2017.
You can register for the next competition which will take place from August 28, 2017 to September 1, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.


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More Jobs in South Korea; In-depth Plan to Counter Rise in Household Debt

South Korea will implement an extensive plan in September that targets the rising household debt as stated by the country’s finance minister on Thursday. He also stated that concern regarding the household debt could not be fixed in a short-period of time. His rhetorics came out the day after the household debt data has been released as the mortgages also continue to increase in the second quarter but a slower pace contrast to the first quarter.

The most recent report from the central bank states that the household debt persists to rise worth 1,400 trillion won in the second quarter. This data was published following the implementation of financial restrictions in the last month to curb the overheated housing market. Some of the cities including Seoul was labeled as "overheated speculative districts" to limit money borrowers. However, homeowners shell out higher capital gain taxes needed in selling their houses.

On the other hand, the government intends to boost employment by allocating 12 percent focused on job creation in the budget for 2018. At the same time, the minimum wage will also be increased to make sure the people are given proper income as part of its attempt to raise the income of regular people. Primarily, the goal is to secure household gains through higher earned income.


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The current Money Fall contest has already started on August 28, 2017 and will end on September 1, 2017.

You can register for the next competition which will take place from September 4, 2017 to September 8, 2017

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


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Brazilian Economy Increased nearly in Q2
The economic growth of Brazil slightly slowed down in the second quarter, as polled by Reuters’ economist on Tuesday. Despite the increase in consumer expenditure that indicates recovery from the depression 100 years ago. While the GDP of the country would likely pick up to 0.1 percent in the quarter from the first three months of 2017 in the rear of seasonal adjustments, as shown in the median forecast made by 34 analysts.
According to projections, the quarterly drop ranges from 0.3 percent to 0.7 percent growth, linked with the prediction of Banco Santander which is a highly accurate GDP forecaster, but growth is not expected at all. The survey underlined both the possible blow and feasible support for policymakers and investors upon the publication of data on Thursday 9 AM (1200 GMT)
Moreover, the GDP of the largest economy in Latin America declined by 8 percent amid Q4 in 2014. The end of the fiscal year 2016 is the greatest recession for the country since the last recorded in 1901. Inflation was initially seen to escalate but slumped to its lowest level in eight years with a faster pace than anticipated. This influenced policy makers to trim their target for annual inflation. The central bank of Brazil also cut their interest rates by 500 basis points since October by which eventually held some impact as stated by economists.

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