ForexMart's Forex News

Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 33

Thread: ForexMart's Forex News

  1. #21
    Senior Member Andrea ForexMart's Avatar
    Join Date
    Feb 2016
    Posts
    1,084
    Thanked: 0

    Default Economic News

    ForexMart's Forex News
    EU Bloc Negotiates with Australia and New Zealand

    The European bloc confirmed yesterday the start of free trade negotiations with Australia and New Zealand in order to establish new relations against the increasing trade tensions with the United States. The European Commission represents the 28 EU countries and negotiates about its plans and agreement towards the AU and NZ despite the warnings on opening the EU markets to generate farm products like beef and butter.

    According to forecasts from EU, its exports towards Australia and New Zealand may expand by a third in case that trade agreements were finalized. Considering the fact that its trade partnership with the US was suspended by the presidential election victory of Donald Trump, the EU shifted its focus to build allies with open markets and struck agreements with countries on the same mind.

    The bloc also deals with the result of steel and aluminum tariffs set by the US and the sanctions they would impose against Iran, which could lead to restriction of certain foreign businesses. The EU closed the deal with Japan, Mexico and Singapore and currently working with the Mercosur bloc of Argentina, Brazil, Paraguay, and Uruguay.



    eubloc.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  2. #22
    Senior Member Andrea ForexMart's Avatar
    Join Date
    Feb 2016
    Posts
    1,084
    Thanked: 0

    Default Economic News

    PBOC Increased the 28-repo rates by 2.85 percent

    The People’s Bank of China adjusted their rates higher on the 28-day reverse bond repurchase agreements to keep with the pace on previous increases in tenors for the past two months.

    According to the report from the online site of the PBOC, the 28-day reverse repos raised from 2.80 percent to 2.85 percent.

    This move was enacted after the U.S. Federal Reserve Bank had also raised their rates on March 21 which signifies that Beijing is keeping up with the global market trends despite all of the financial risks in their homeland.

    Moreover, the central bank added 30 billion yuan into money markets, particularly on their 7-day and 28-day rates on Monday, where the seven-day was set at 2.55 percent based on their given statements.


    pboc.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  3. #23
    Senior Member Andrea ForexMart's Avatar
    Join Date
    Feb 2016
    Posts
    1,084
    Thanked: 0

    Default Economic News

    EU’s Malmström Against Trump’s Tariffs

    The European Union is trying to convince the countries Canada, Japan, and Mexico to work together against the aggressive trade policies imposed by US President Donald Trump, according to European Commissioner for Trade Cecilia Malmström today.

    Malmström further stated that EU is reaching out various countries to form alliances and arrange a trade union who believe in international laws. Last week, the EU announced levying retaliatory tariffs up to €2.8 billion-worth of U.S. exports, which includes peanut butter and motorboats. While Canada, India, Japan, and Mexico will do the same thing. The European Commissioner described Trump’s tariffs on steel and aluminum as “not legitimate” The Swedish Commissioner also cautioned regarding the potential risk towards the global economy.

    Both the United States and Europe set up the international policy and organizations to govern trade, but the US broke the rules that is why the EU has to take necessary action, Malmström said.



    eusmalmstrom.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  4. #24
    Senior Member Andrea ForexMart's Avatar
    Join Date
    Feb 2016
    Posts
    1,084
    Thanked: 0

    Default Economic News

    U.S. Consumer Prices Rose to a Record High of 2.8 Percent Over Six Years

    The consumer price of the U.S. increased slightly in May despite the slower growth of gasoline costs, implying moderate inflation in the economy.

    The inflation report of the Labor Department was released prior to the two-day policy meeting on Tuesday. With the steady growth of inflation and anticipated tightening of the labor market, the Federal Reserve is motivated to raise interest rates for the second time this year on Wednesday.

    The CPI data rise by 0.2 percent in the previous month while the cost of food remains the same. A similar increase of CPI was seen in April. After a year in May, the CPI gained 2.8 percent, which has been the biggest growth since February 2012, following its increase of 2.5 percent in April.

    Gaining 0.2 percent of the CPI, excluding volatile food and energy components, was due to the rebound of new motor vehicle prices and a pickup in the cost of health care, after rising to 0.1 percent in April. In turn, this raised the year-on-year gain of the core CPI by 2.2 percent from 2.1 percent in April. It was the largest growth since February last year.

    After the weak reading last week, the annual inflation measures are adjusting higher. Both the CPI and core CPI growth in the previous month met the expectations of economists.

    The Federal Reserve moves on a different inflation measure which is just lower than the two percent target. Economists have different perspectives on whether policymakers will implement more rate hikes in the statement following the rate decision on Wednesday.

    Meanwhile, the dollar is moving steadily against a basket of currency which is immediately after the data fell slightly than the U.S. Treasury yields, which is trading lower compared a slightly higher U.S. stock index futures.



    usconsumerprices.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  5. #25
    Senior Member Andrea ForexMart's Avatar
    Join Date
    Feb 2016
    Posts
    1,084
    Thanked: 0

    Default Economic News

    SNB Keeps an Ultra Loose Monetary Policies

    The Swiss National Bank announced the decision to maintain an ultra-loose monetary policy on Thursday and analysts expectations matched from the survey by Reuters giving a unanimous answer.

    They reiterated the fragility or exchange rates after the strengthening of the Swiss franc in the past few weeks and began low this year.

    At the same time, Chairman Thomas Jordan said that it would be too early to raise rates in Switzerland amid low inflation.

    Another issue is the political uncertainty in Italy which will affect the eurozone in the future and it is important for the central bank to be heedful in this situation, according to an analyst.
    Forty experts expect the SNB to maintain the target range to be 1.25 percent to minus 0.25 percent in three months on the offered rate of London Interbank, which has been the ongoing target for the past three-and-a-half years.

    Also, they expect a negative interest rate of 0.75 percent deposits to be sustained where the commercial bank held a certain value as one of the important tools used by the bank.

    Changes in the LIBOR target range is anticipated to happen soonest at the end of the year based on the UBS, while the median consensus deems to set at the end of next year.

    Analyst of Credit Suisse initially thought the central bank to raise their rates as early as 2019 based on the economic strength of Switzerland, with a forecast growth of 2.2 percent this year.

    The Global Head of Investment Strategy & Research at Credit Suisse Group AG, Nannette Hechler-Fayd’herbe said, “Our base case scenario is where the ECB is considering a first interest rate increase themselves by mid-2019, and the SNB could move a quarter before.” Connoting the reaffirmation of central bank’s decision. However, she added that these two would move together as they are ‘economically interlinked’.

    Her expectation is a gradual increase of rates until it reached around 1.20 against the euro in a year.


    snb.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  6. #26
    Senior Member Andrea ForexMart's Avatar
    Join Date
    Feb 2016
    Posts
    1,084
    Thanked: 0

    Default Economic News

    France’s Economic Growth Sharp Decline in 2018

    The economy of France dropped from 2.3 percent to 1.7 percent this year, according to the forecast of National statistics, which is another financial problem of President Emmanuel Macron in reducing costs of the government.

    Macron’s administration aims to reduce spending and maintain the deficit targets of the European Union with 2.0 percent target growth for 2018.

    Growth has been steady and there are no particular concerns, remarked by Finance Minister Bruno Le Maire on Monday.

    However, statistics agency through that the government would fail to meet the target as it would be pulled lower by a strong euro and increasing oil prices as some of the influential factors.

    Gross Domestic Product increased by 0.3 percent in the second quarter, higher than the previous quarter’s rate of 0.2 percent. Further increased by 0.4 percent in both the remaining two factors in twelve months with 1.7 percent.

    The Central bank of France revised lower their target growth of 1.8 percent in a year, following a bright year in 2017. It has changed as if covered by clouds in France and the eurozone as described by the head of Insee's economic outlook division Frederic Tallet.

    This includes external factors over which the nation has less control such as global trade war, higher costs of oil prices, a strong euro, as well as, political uncertainties in Europe, notwithstanding the new far right-eurosceptic coalition in power in Italy.

    Moreover, domestic concerns including sluggish household consumption and nearly three months of unabating train strikes that will likely bring down the second-quarter growth by 0.1 percentage points.

    The forecast says that the corporate investment will slow down from 4.4 percent to 3.1 percent over the year, while household investment would decline from 5.6 percent in 2017 to 1.6 percent.

    On a brighter side, good progress was seen on the trade and unemployment concerns. Unemployment will only decline slightly which is currently twice the value of Germany or Britain. The forecast rate is 8.8 percent at the end of the year from 9.0 9.0 percent at the end of last year.

    A slow start of exports in 2018 is expected to change in the second quarter with the help of large demand in the aviation and shipbuilding sectors, according to the agency. On the other hand, households will gain from the reduction in both of the residency and payroll taxes.




    franceseconomic.jpg
    Andrea ForexMart, Official Representative
    ForexMart

  7. #27
    Junior Member
    Join Date
    Jul 2018
    Posts
    1
    Thanked: 0

    Default

    Eurozone’s Steady Growth of Consumer Confidence in July

    5b1949afbe2d5.jpg

    Consumer confidence in the eurozone remained the same in July, signifying steadfast growth in the third quarter based on the data published on Monday.

    According to the European Commission, the flash estimate of the eurozone consumer morale was kept unchanged at -0.6 points in July. Meanwhile, the data for June was adjusted lower from the earlier figure of -0.5 to 0.6.

    As for the general consumer sentiment in the European Union, a significant increase in the result to -0.7 with 0.6 points difference from the previous data.

    Yet, economists are still optimistic of growth to continue by the second half of the year amid the weakened status in the second quarter. Forecast of the European Central Bank says growth will be 2.1 percent this year in the whole eurozone.

  8. #28
    Junior Member KostiaForexMart's Avatar
    Join Date
    Mar 2019
    Posts
    6
    Thanked: 0

    Default

    July 23. Britain and the EU have not agreed on the basic principles of relations

    The UK's chief Brexit negotiator David Frost said today that Britain and the EU have failed to reach agreement on key issues for a future trade deal. However, the politician still hopes for a successful conclusion of the negotiations in September.

    Michel Barnier, the EU's chief Brexit negotiator, also noted that there is a high risk of not reaching any agreements with Britain. He also said that the current position of Britain in negotiations on a future partnership makes the possibility of a trade agreement unlikely. It is about the UK abandoning open and fair competition and a balanced fisheries agreement.

    The next stage of negotiations is scheduled for August 17.
    Regards, PR-Manager ForexMart

  9. #29
    Junior Member KostiaForexMart's Avatar
    Join Date
    Mar 2019
    Posts
    6
    Thanked: 0

    Default

    July 28. Fed extends lending programs until December 31

    A two-day meeting of the US Federal Reserve System starts today, following which the regulator will make public its decision on the rate and further monetary policy.

    At the end of the first day, the central bank announced that it is extending operations on seven emergency lending programs by three months, until December 31, in order to maintain activity during the coronavirus pandemic.

    These programs were initiated in March and April until September. Program extensions should facilitate planning for potential program participants and provide certainty that these programs will continue to be available.
    Regards, PR-Manager ForexMart

  10. #30
    Junior Member KostiaForexMart's Avatar
    Join Date
    Mar 2019
    Posts
    6
    Thanked: 0

    Default

    July 31. EU GDP collapses by record 14.4%

    According to the statistical agency Eurostat, the GDP of the EU countries in the II quarter fell by 14.4% in annual terms. On a quarterly basis, the indicator decreased by 11.9%. In the first three months of the year, the EU economy contracted by 3.6%. Figures like these signal that the European economy has entered a recession.

    Earlier in July, the European Commission presented its forecast for changes in Europe's GDP: experts expected the economy to decline by 8.3%.

    At the same time, the economies of 19 eurozone countries contracted by 12.1% in the second quarter and by 15% – in annual terms. Analysts had expected a decline of 11.2% and 13.9%, respectively.

    The fall in all indicators has become the sharpest and strongest since 1995 – since the beginning of statistics.
    Regards, PR-Manager ForexMart

Similar Threads

  1. Forex News from InstaForex
    By IFX Gertrude in forum Daily Market News
    Replies: 560
    Last Post: Yesterday, 05:55 AM
  2. Forex Market News
    By RusefSandi in forum Daily Market News
    Replies: 122
    Last Post: 12-13-2019, 02:01 AM
  3. Company News by ForexMart
    By Andrea ForexMart in forum Forex Brokers Discussion
    Replies: 403
    Last Post: 05-29-2019, 08:41 AM
  4. December News in Forex
    By CarlosR in forum Daily Market News
    Replies: 1
    Last Post: 12-13-2017, 10:19 PM
  5. what is the way for earn news about forex?????
    By israr_ali in forum General Forex Discussion
    Replies: 1
    Last Post: 10-25-2012, 07:53 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us