Thread: Company News by ForexMart

U.K. Economy Forecasted to have a Moderate growth, CBI says

The tepid growth of the U.K. economy will remain for some time. This could weaken in the next years to come, as stated by the Confederation of British Industry.

The CCI current forecast says the development by 1.5 percent next year and 1.3 percent in 2019. This would be the worst annual operation since 2009 when the economy declined.

Yet, there is a drawback which will probably occur when the projections are high since they anticipate Brexit to proceed without a problem. The U.K. will most likely get to an agreement with the European Union regarding their transition deal early next year. This would take place when the Brexit leaves in March 2019.

The CBI also mentioned that the domestic demand will maintain its dovish stance in a definite time while there is economy support from net trade. This was based on the poll on Friday indicating that the U.K. manufacturing growth is strongest over four years time.


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The current Money Fall contest has already started on December 4, 2017 and will end on December 8, 2017.
You can register for the next competition which will take place from December 11, 2017 to December 15, 2017.
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Congratulations to all the winners!

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Germany’s Optimistic Outlook due to Higher Industrial Orders

The industrial orders in Germany surged surprisingly in October because of domestic and foreign demand from non-euro zone according to the reports on Wednesday. This implies that the country will have a good momentum in the next few months.

Orders of products that are locally made increased for three consecutive months and supported by the data up by 0.5 percent in October compared last month, according to the Economy Ministry. Despite the fact that bulk orders are lower than average for the month of November.

It is anticipated for the data to decline by 0.3 percent following an upward revision of 1.2 percent in bookings for the month of September based on the survey from Reuters.

An economist described the situation to be in a good condition, given that the economy has been robust the past few months while there is a “moderate growth” in October as a good result. Although, he said that growth would not move higher amid higher books of orders and more capacity to utilize.

The German economy has gained momentum by the third quarter and has been expanding since 2010 but there are still concerns since Germany doesn’t have a new government over two months following a national election.

Conservatives representative, Chancellor Angela Merkel, lost against the far-right in the September poll. It is presumed that Social Democrats (SPD) will hopefully approve to run again the current ‘grand coalition’ after a failed attempt of alliance with the environmentalist Greens and pro-business Free Democrats.

Nevertheless, the Economy Ministry said that there is high demand for it along with record-high business confidence and positive growth in the manufacturing sector.

The orders data increased by 0.5 percent while there is 1.6 surge in contracts beyond the eurozone as it counterbalances the 1.2 drop in the bloc. Domestic contracts rallied by 0.4 percent.

Interest for both capital and consumer goods surged in October despite the demand for intermediate goods declined a bit. Comparably, there is less volatility in the past two months where it declined by 3.4 percent which is much higher than the level two months ago.


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U.S. Treasury Needs to Adjust their Cash Management

The U.S. Treasury Secretary Steven Mnuchin publicized that there will be cash management measures to prevent a U.S. bad debt on Monday.

A letter to House of Representatives Speaker Paul Ryan says that two retirement funds would not be funded by the Treasury anymore. This includes the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund as mentioned in the letter. Mnuchin said that all funds would fully be compensated when the debt ceiling has been adjusted.

The U.S. Treasury is trying to assess the limit of money that it can borrow to manage the budget loss which leads to the higher spending of Taxes more than the collection from Washington and Congress has the only power to increase the limit.

There was a short-term solution of suspending the debt limit until December 8. Nevertheless, the Treasury has the capacity of paying the bills up to January as a precautionary measure according to the department.

Selected countries require the legislature to consent the periodic increases in the legal limit on the maximum amount of money that allows the federal government to borrow.


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NZ Business Confidence Stayed near 8-year lows

The business sentiment in New Zealand remained near the eight-year depression in December, which caused uncertainty towards policy direction led by the new labour government based on the survey presented by the ANZ Bank.

The headline measure of the survey indicates a net 37.8 percent of respondents who expect the economy will weaken in the upcoming year. This is compared with previous poll’s pessimism level of 39.3 percent, which is the lowest recorded since the global economic crisis.

The latest ANZ business survey is the second poll that included companies reactions towards the new Labour-led administration, which take control towards the end of October and almost completed a decade ruling of center-right National Party.

On the positive note, the companies projection for their respective business is an increase for 2018 with net 15.6 percent of respondents higher versus 6.5 percent last month.


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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.

Changes of Working Regime Over the New Year Holidays

Dear traders,
We draw your attention to the changes in the schedule of ForexMart’s working regime during Christmas and New Year holidays*:

• 25 of December – markets will be closed
• 26 of December – trading will be resumed after 6:00 a.m.
• 27-29 of December – Forex trading will be conducted in a regular mode

• 1 of January – markets will be closed
• 2 of January – trading will be resumed after 6:00 a.m.
• 3 of January – Forex trading will be conducted in accordance with the standard schedule.

We wish you happy holidays and lucky trading with ForexMart!
* Importantly, this information is just preliminary and the schedule could be updated later.

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Chinese Economy to Surpass the US in 2032

It is expected that China will outperform the American economy in the year 2032 based on a new report. Moreover, a report from the Centre for Economics and Business Research in London noted by Bloomberg News further shows that next year India is predicted to get ahead to the United Kingdom and France and gain the fifth rank as the largest economy in dollar terms. In this regard, India is projected to be in the third place as the biggest economy in the world by 2027.

According to report, the four biggest economy by 2032 consists of China, India, Japan and the United States. In addition to it, Indonesia and South Korea will take the tenth place.
While President Donald Trump often brags about the American economy, as the president tweeted last week regarding the achievements of his administration over the previous year which includes the "Record Economy/Stock Market." Trump further mentioned that earlier in December, the tax reduction in the GOP tax bill signed last week will boost investment in the US economy and its laborers.


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