Company News by ForexMart
- Thread starter Andrea_ForexMart
- Start date
Andrea_ForexMart
New member
Economic Calendar
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.
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.
Attachments
Andrea_ForexMart
New member
The current contest has already started on August 7, 2017 and will end on August 11, 2017.
You can register for the next competition which will take place from August 14, 2017 to August 18, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
You can register for the next competition which will take place from August 14, 2017 to August 18, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Attachments
Andrea_ForexMart
New member
Economic News
UK Shortage of Workers Amid High Number of Jobs
In spite of the rising wages, it seems complicated for the employers of the United Kingdom to recruit employees as the availability of candidates attempts to cope up with the demand, based on the latest research released on Tuesday.
A report from the Recruitment & Employment Confederation together with Markit showed that staff appointments reached its highest level in the past two years.
The official numbers of employment issued by the Office of National Statistics in July, indicates the Britain’s jobless rate decline on its lowest pace since 1975, however, this slightly push wages up.
Meanwhile, the opening for permanent workers was reduced lower compared with the past months as the reduction rates for temporary laborers fell at its fastest pace in the past 18 months, according to the research of Recruitment & Employment Confederation (REC).
As shown in the poll, the Britain’s decision to leave the European Union caused some citizens from the euro region to depart which makes it harder to carry out required jobs.
UK Shortage of Workers Amid High Number of Jobs
In spite of the rising wages, it seems complicated for the employers of the United Kingdom to recruit employees as the availability of candidates attempts to cope up with the demand, based on the latest research released on Tuesday.
A report from the Recruitment & Employment Confederation together with Markit showed that staff appointments reached its highest level in the past two years.
The official numbers of employment issued by the Office of National Statistics in July, indicates the Britain’s jobless rate decline on its lowest pace since 1975, however, this slightly push wages up.
Meanwhile, the opening for permanent workers was reduced lower compared with the past months as the reduction rates for temporary laborers fell at its fastest pace in the past 18 months, according to the research of Recruitment & Employment Confederation (REC).
As shown in the poll, the Britain’s decision to leave the European Union caused some citizens from the euro region to depart which makes it harder to carry out required jobs.
Attachments
Andrea_ForexMart
New member
The current Money Fall contest has already started on August 14, 2017 and will end on August 18, 2017.
You can register for the next competition which will take place from August 21, 2017 to August 25, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Winners for the week July 24 - July 28, 2017:
You can register for the next competition which will take place from August 21, 2017 to August 25, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Winners for the week July 24 - July 28, 2017:
Attachments
Andrea_ForexMart
New member
Economic News
Japanese Trade Surplus Decline in July as Exports Rise
The merchandise trade surplus in Japan reduced lower than the anticipated in July while the growth of exports and imports gained double-digit percentage. According to the Ministry of Finance, the trade balance came in at ¥418.8 billion ($3.8 billion) last month, after the ¥439.9 billion surplus in June. The country was able to maintain its trade surplus in five of the last six months.
Exports rose at annual rate of 13.4% in the previous month, after a 9.7% increase in June. On one side, imports grew by 16.3 earlier this year, next to 15.5% expansion a month before.
Tokyo reported that the trade surplus last month accounts to ¥337.4 billion ($3.07 billion) based on a seasonally adjusted basis, as the surplus prior that month is ¥81.4 billion ($740.6 million), according to the official figures released.
The Japanese economy showed its highest level of economic growth in more than two years, despite the external demand decrease the GDP by 0.3 percentage point. This is considered significant as the economy tend to depend on exports to resume expansion. Japan’s economy increased by 1% versus the previous quarter and surge by 4% yearly. The development occurs every last six quarters which indicates the longest duration after 10 years. Moreover, exports from the world’s third largest economy are projected to continue its rise due to the momentum attained by the global economy. As imports also have the potential to boost because the domestic production mounted.
Japanese Trade Surplus Decline in July as Exports Rise
The merchandise trade surplus in Japan reduced lower than the anticipated in July while the growth of exports and imports gained double-digit percentage. According to the Ministry of Finance, the trade balance came in at ¥418.8 billion ($3.8 billion) last month, after the ¥439.9 billion surplus in June. The country was able to maintain its trade surplus in five of the last six months.
Exports rose at annual rate of 13.4% in the previous month, after a 9.7% increase in June. On one side, imports grew by 16.3 earlier this year, next to 15.5% expansion a month before.
Tokyo reported that the trade surplus last month accounts to ¥337.4 billion ($3.07 billion) based on a seasonally adjusted basis, as the surplus prior that month is ¥81.4 billion ($740.6 million), according to the official figures released.
The Japanese economy showed its highest level of economic growth in more than two years, despite the external demand decrease the GDP by 0.3 percentage point. This is considered significant as the economy tend to depend on exports to resume expansion. Japan’s economy increased by 1% versus the previous quarter and surge by 4% yearly. The development occurs every last six quarters which indicates the longest duration after 10 years. Moreover, exports from the world’s third largest economy are projected to continue its rise due to the momentum attained by the global economy. As imports also have the potential to boost because the domestic production mounted.
Attachments
Andrea_ForexMart
New member
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.
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.
Attachments
Andrea_ForexMart
New member
Economic Calendar for August 25, 2017, Friday
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.
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.
Attachments
Andrea_ForexMart
New member
Economic News
Fastest Growth of US Economy During the Second Quarter
During the January-March quarter where US President D. Trump was already in the position, America’s economy was able to grow by 3% based on the updated estimates issued by the administration on Wednesday. This is the strongest growth recorded since Q1 of 2015 which doubled the pace of the first three months 2017, it also provided a much accurate estimate for the Q2. While the government gauged that second quarter growth will gain 2.6% in July, initially. The economic momentum was influenced by robust consumer expenditure and stronger business investments. President Trump pledged during his campaign for a 4% growth, but later on reduced this to 3%.
Moreover, the White House aims to improve the slow recovery from the general economic decline by lowering down taxes, cutting deregulation while increasing infrastructure expenditure. Until now, the economic agenda of Trump still unable to settle in the Congress
Nevertheless, the American economy seems to be healthy, mainly on employment. Hiring for private employers was increased in August with 237,000 additional laborers, based on the ADP assessment released on Wednesday.
Fastest Growth of US Economy During the Second Quarter
During the January-March quarter where US President D. Trump was already in the position, America’s economy was able to grow by 3% based on the updated estimates issued by the administration on Wednesday. This is the strongest growth recorded since Q1 of 2015 which doubled the pace of the first three months 2017, it also provided a much accurate estimate for the Q2. While the government gauged that second quarter growth will gain 2.6% in July, initially. The economic momentum was influenced by robust consumer expenditure and stronger business investments. President Trump pledged during his campaign for a 4% growth, but later on reduced this to 3%.
Moreover, the White House aims to improve the slow recovery from the general economic decline by lowering down taxes, cutting deregulation while increasing infrastructure expenditure. Until now, the economic agenda of Trump still unable to settle in the Congress
Nevertheless, the American economy seems to be healthy, mainly on employment. Hiring for private employers was increased in August with 237,000 additional laborers, based on the ADP assessment released on Wednesday.
Attachments
Andrea_ForexMart
New member
ForexMart App is Now Available on Mobile
You can now use the ForexMart application on mobile.
We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.
More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.
ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.
Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!
You can now use the ForexMart application on mobile.
We are launching ForexMart application on 11 january. It can be downloaded from both App store for Apple and Play Store for Android users. This allows users to trade anytime and anywhere at their own convenience by just connecting to an Internet service provider.
More and more consumers are shifting toward mobile platforms with continuous improvement in technology. Forex trading apps simplifies trading and allows accessibility through mobile phone that makes it more convenient. There is still wide range of options in placing orders from mobile devices such as iPhone or Android.
ForexMart app offers different features. Traders can access multiple charts that give real-time quotes as well as relevant economic news and latest forex analysis. Exchange rates over 100 different currencies are also available with buy and sell options. The application is especially designed for forex trading that is easy to navigate and works glitch-free for more efficient trading.
Forex traders will find this app very useful and handy. Check out this new app from your App Store or Play Store!
Andrea_ForexMart
New member
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.
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.
Attachments
Andrea_ForexMart
New member
Economic News
Private Sector Positive Growth Pushes Inflation Higher
The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.
The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.
The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.
On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.
Private Sector Positive Growth Pushes Inflation Higher
The month of August has been overall positive for the service sector in Germany. Higher prices uplifted the overall growth of the private sector, according to the survey on Tuesday, The solid upsurge in Europe signals that this the pace will continue. The final composite of the Markit’s PMI that monitors both the manufacturing and services sector which represent more than two-thirds of the whole economy.
The statistics showed an increase to 55.8 from a ten-month low of 54.7 in July. The reading was above the 50 line that divides growth from the contraction which resulted better than the initial estimate of 55.7 as published last month. The upsurge was driven by the manufacturing sector at a fastest rate since April that lead to a sudden spurt in output with new orders and export businesses.
The business activity was up as it reached a two-month high of 53.5 in August with the entry of more orders in a fast pace. Hiring new employees continued although the job creation has become sluggish in more than a year.
On the other hand, the acceleration has also pushed up inflation which has put more pressure on prices that beset the German service providers. The rate of price inflation rose reaching a five-month high while the fees charged by service providers also increase at a quicker rate since March. Hence, the growth forecast of IHS MArket was set to 2.3 for this year and 2.1 percent for the next year.
Attachments
Andrea_ForexMart
New member
Economic News
Greenbacks Weakened as Japanese Yen Strengthened
On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.
The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.
The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea
The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.
The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.
Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.
Greenbacks Weakened as Japanese Yen Strengthened
On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.
The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.
The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea
The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.
The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.
Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.
Attachments
Andrea_ForexMart
New member
Economic News
German Economy Slacken Due to Increasing Radicalism
After more than two decades of reunification, the former Communist east moved slowly behind the west German states, according to the government. It also showed some warnings regarding social gap and the risk of being radicalized.
The high employment record, improved job security, and increasing wages bolstered the consumer-driven growth of the German economy. This helped Chancellor Angela Merkel to gain the victory for her fourth term in office during the federal election on September 24.
As shown in the annual report of the government, the current status of German unity indicate rising level of life satisfaction in the east for the past decade, however, the division between the economic strength of the east and west is tightening very slowly.
The GDP per head in the eastern states slacken against the west by 27 percent, while jobless rate came in at 8.5 percent in 2016, this surpasses the national average at 5.7 percent as laborers receive lower salary.
The East Germany strongly supports the anti-immigrant Alternative for Germany (AfD) party because of its role during public angst as many refugees dominated the country, transferring jobs and resources from Germans.
German Economy Slacken Due to Increasing Radicalism
After more than two decades of reunification, the former Communist east moved slowly behind the west German states, according to the government. It also showed some warnings regarding social gap and the risk of being radicalized.
The high employment record, improved job security, and increasing wages bolstered the consumer-driven growth of the German economy. This helped Chancellor Angela Merkel to gain the victory for her fourth term in office during the federal election on September 24.
As shown in the annual report of the government, the current status of German unity indicate rising level of life satisfaction in the east for the past decade, however, the division between the economic strength of the east and west is tightening very slowly.
The GDP per head in the eastern states slacken against the west by 27 percent, while jobless rate came in at 8.5 percent in 2016, this surpasses the national average at 5.7 percent as laborers receive lower salary.
The East Germany strongly supports the anti-immigrant Alternative for Germany (AfD) party because of its role during public angst as many refugees dominated the country, transferring jobs and resources from Germans.
Attachments
Andrea_ForexMart
New member
Economic Calendar (Friday, September 8, 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.
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.
Attachments
Andrea_ForexMart
New member
The current Money Fall contest has already started on September 11, 2017 and will end on September 15, 2017.
You can register for the next competition which will take place from September 18, 2017 to September 22, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
You can register for the next competition which will take place from September 18, 2017 to September 22, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Attachments
Andrea_ForexMart
New member
Economic News
Australian Dollar Up Against the USD due to Hurricanes
The national currency of Australia is predicted to maintain its stance near the two-year highs, as the American dollar is expected to be under pressure due to economic downfall assessed by investors in line with the destructive hurricane that hit the shores of Florida.
On Friday, the Aussie dollar was able to reach its highest level since May 2015 while investors are preparing for further impact by Hurricane Irma as the forecast says, it will slam the Florida Keys along with some flooding in Florida’s Gulf Coast.
Lloyd’s of London fears for the possible insurance losses worth $US 200 billion ($248.22bn) as tropical cyclones brush off through the coasts of the United States and the Caribbean.
The reversal in the residential construction activity seems evident, as Westpac chief economist Bill Evans worries about the declining growth outlook based on the Reserve Bank’s report regarding monetary policy previously.
The bank further mentioned the increasing charges of stamp duty from foreign investors, as well as funding restrictions and Chinese government restraints that mainly influence future developments, particularly on international companies.
On Thursday, job statistics for this month will provide a break point for markets and the NAB’s economics team anticipates for a strong and steady month of the jobless rate at 5.6 percent. While tomorrow is scheduled for the publication of the bank’s Business Survey which would likely continue to show solid levels of business confidence. Moreover, the Westpac consumer confidence index will be issued on Wednesday and expected to remain weak. It should be watched carefully because of the impact cause towards the retail-exposed stocks, as the dollar seems trading actively.
The greenbacks were able to lose its gains on the back of touching its two-year high at US81.25c last Friday, however, it closed over the critical level of US80c.
Australian Dollar Up Against the USD due to Hurricanes
The national currency of Australia is predicted to maintain its stance near the two-year highs, as the American dollar is expected to be under pressure due to economic downfall assessed by investors in line with the destructive hurricane that hit the shores of Florida.
On Friday, the Aussie dollar was able to reach its highest level since May 2015 while investors are preparing for further impact by Hurricane Irma as the forecast says, it will slam the Florida Keys along with some flooding in Florida’s Gulf Coast.
Lloyd’s of London fears for the possible insurance losses worth $US 200 billion ($248.22bn) as tropical cyclones brush off through the coasts of the United States and the Caribbean.
The reversal in the residential construction activity seems evident, as Westpac chief economist Bill Evans worries about the declining growth outlook based on the Reserve Bank’s report regarding monetary policy previously.
The bank further mentioned the increasing charges of stamp duty from foreign investors, as well as funding restrictions and Chinese government restraints that mainly influence future developments, particularly on international companies.
On Thursday, job statistics for this month will provide a break point for markets and the NAB’s economics team anticipates for a strong and steady month of the jobless rate at 5.6 percent. While tomorrow is scheduled for the publication of the bank’s Business Survey which would likely continue to show solid levels of business confidence. Moreover, the Westpac consumer confidence index will be issued on Wednesday and expected to remain weak. It should be watched carefully because of the impact cause towards the retail-exposed stocks, as the dollar seems trading actively.
The greenbacks were able to lose its gains on the back of touching its two-year high at US81.25c last Friday, however, it closed over the critical level of US80c.
Attachments
Andrea_ForexMart
New member
Economic News
C$ Rose as Canadian Bond Yields Increased
The Canadian currency strengthened yesterday against the American dollar, for it gained support from Canadian bond yields on the back of the sudden decision by the central bank last week regarding the rate hike that shocked investors.
This is because of the series of strong economic news that triggered the Bank of Canada to increase rates for the second time after three months, but this action bolstered the loonie to reach almost 2 percent higher.
Moreover, the two-year yield surged by 99 basis point in May and was able to achieve its highest level at 1.643 per cent recorded on June 2011. The yield is currently at 1.548 percent.
The loonie is trading at $1.2119 (82.52 U.S. cents) to the US dollar and is higher by 0.3 percent. The Canadian currency successfully outperformed its major counterparts and trades within the marks of $1.2098 to C$1.2170 and reached its strongest stance at C$1.2063 since May 2015. The prices of government bonds declined below the yield curve due to lowering demand for safe-haven government bonds.
While the 10-year yield slumped by 35 Canadian cents (2.025 percent) and obtained its highest intraday at 2.042 percent on July 31st.
C$ Rose as Canadian Bond Yields Increased
The Canadian currency strengthened yesterday against the American dollar, for it gained support from Canadian bond yields on the back of the sudden decision by the central bank last week regarding the rate hike that shocked investors.
This is because of the series of strong economic news that triggered the Bank of Canada to increase rates for the second time after three months, but this action bolstered the loonie to reach almost 2 percent higher.
Moreover, the two-year yield surged by 99 basis point in May and was able to achieve its highest level at 1.643 per cent recorded on June 2011. The yield is currently at 1.548 percent.
The loonie is trading at $1.2119 (82.52 U.S. cents) to the US dollar and is higher by 0.3 percent. The Canadian currency successfully outperformed its major counterparts and trades within the marks of $1.2098 to C$1.2170 and reached its strongest stance at C$1.2063 since May 2015. The prices of government bonds declined below the yield curve due to lowering demand for safe-haven government bonds.
While the 10-year yield slumped by 35 Canadian cents (2.025 percent) and obtained its highest intraday at 2.042 percent on July 31st.
Attachments
Andrea_ForexMart
New member
Economic News
German Economy Gained More Than Two Percent in 2017, says BDI
The economy of Germany is expected to increase by more than 2 percent this year, with further adjustments on calendar effect According to the BDI industry association, this could be the strongest rate in six years after increasing its growth outlook for the biggest economy of the European Union.
The forecast comes after a muted message by the Economy Ministry, stating that the country might have slower growth during the second half amid the breakthrough for the first half.
The German economy would likely have an upswing due to consumer-driven factors including the extremely low borrowing costs, high level of employment and increasing real wages.
Moreover, these factors may support Chancellor Angela Merkel to gain victory for her fourth term during the federal election on September 24.
The ministry is very careful before publishing any forecast as indicated in its monthly report, stating that the development will continue until December but it is possible that dynamics will weaken.
So far, the growth forecast for this year remains unadjusted at 1.5 percent by which will be revised to 1.8 percent due to calendar-adjusted basis. However, analysts hope that the government will further lift the rate in autumn.
German Economy Gained More Than Two Percent in 2017, says BDI
The economy of Germany is expected to increase by more than 2 percent this year, with further adjustments on calendar effect According to the BDI industry association, this could be the strongest rate in six years after increasing its growth outlook for the biggest economy of the European Union.
The forecast comes after a muted message by the Economy Ministry, stating that the country might have slower growth during the second half amid the breakthrough for the first half.
The German economy would likely have an upswing due to consumer-driven factors including the extremely low borrowing costs, high level of employment and increasing real wages.
Moreover, these factors may support Chancellor Angela Merkel to gain victory for her fourth term during the federal election on September 24.
The ministry is very careful before publishing any forecast as indicated in its monthly report, stating that the development will continue until December but it is possible that dynamics will weaken.
So far, the growth forecast for this year remains unadjusted at 1.5 percent by which will be revised to 1.8 percent due to calendar-adjusted basis. However, analysts hope that the government will further lift the rate in autumn.
Attachments
Andrea_ForexMart
New member
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 <here> or you can contact our customer service at support@forexmart.com
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 <here> or you can contact our customer service at support@forexmart.com