Company News by ForexMart

[Andrea_ForexMart]

$1000 Draw

ForexMart clients can now get a chance to win $1,000 by joining ForexMart’s Chance Bonus offer. Simply deposit at least $300 or more in your trading account and you will automatically become qualified for the raffle.

Winners of the Chance Bonus offer will be chosen via random electronic draws. The $1000 is automatically credited every Monday to one of the eligible accounts which met the conditions of the raffle during the previous week. The Chance Bonus offer can also be mixed with other types of ForexMart bonuses. Clients can also opt to cancel their Chance Bonus eligibility by sending us a notification e-mail at support@forexmart.com.

 

[Andrea_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.

 

[Andrea_ForexMart]

Economic News

PRC Besets with Bubble Risk Due to Excessive Reserves

The People's republic of China is confronted with bubble risk which was mainly due to higher money supply, as mentioned on Thursday by the deputy chairman of the economic and finance committee of the National People’s Congress.

Huang being the appointed deputy chairman is also considered as the top financial expert where he noted the necessity to change the reserve system of the country’s foreign exchange. At the same time, the central bank needs to be independent in implementing the monetary policy.

 

[Andrea_ForexMart]

Economic News

VAT Returns of Small Firms Incorporates to UK GDP Calculation

The Office for National Statistics evaluates the British economy by overhauling its way which includes huge VAT amounts from smaller companies for the first time. In the previous survey, the gross domestic product of the country was mainly based on the turnover of 45,000 largest firms. Since December, the data from the third of Britain’s 1.8m VAT returns will also be included in the turnover for the calculation of official GDP results.
With this, assessing UK economic growth will have dramatic changes for this could provide further insights from particular areas and industries. A higher proportion of VAT returns involves small businesses with a total of 98pc of UK companies.

In the past estimates of GDP, pubs and restaurants sectors, particularly "food and beverage service activities" have high levels according to the 172 monthly poll and 28,000 tax returns.
According to the ONS, a much more detailed data will provide a comprehensive output of pubs, restaurants and takeaways and restaurants among various regions. The first new estimate encompasses VAT returns coming from small and medium businesses including 100 or fewer headcounts. While survey for large companies will remain to be part of the data gathering and ONS’s report. As there is only 20 percent of smaller firms in the UK economy, which means that the data accumulated by the national statistical institute will be more accurate but the overall GDP result could possibly be not altered despite its inclusion because major firms have a greater impact.

Based on the perspective of PwC’s Economist John Hawksworth, it would be better if the Statistics authority will release GDP forecast “ with and without (the) use of the new VAT data" respectively, in order for the public to understand the difference. On the other hand, ONS chief economist Nick Vaughan announced that including additional information will be a gradual process.

 

[Andrea_ForexMart]

This week’s most popular deal:

 

[Andrea_ForexMart]

Economic News

Italian Economy Gradually Improves, says Dombrovskis

The economic situation in Italy is gradually improving, however, it is also important to cut down public debt, according to European Commission Vice-President Valdis Dombrovskis.

Dombrovskis is expecting that the economy will grow in 2018, otherwise, it will remain below the EU average. He mentioned that debt "remains a source of vulnerability" that holdbacks the GDP of the country by 3.8% for debt servicing.

The former Latvian prime minister stated that the Italian debt has a significant cost for the country as the current environment we are living has low-interest rates, however, changes in monetary policy upon an increase in inflation will heighten the costs which could further trigger instability. He also talks about the "structural problem" including stagnant growth and insufficient production which are the considerations with regards the reforms.

Moreover, the vice president added that there are some developments among the banks in Italy while the level of impaired credits suddenly declined this year. Due to the interposition of Banca Monte dei Paschi di Siena (MPS) and Veneto banks, there are more or less 44 billion euros to 13.5% of the overall stock of NPLs is withdrawing from Italy’s banking system.

 

[Andrea_ForexMart]

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.

 

[Andrea_ForexMart]

Economic News

Post-Brexit Economy Plan of UK to be Launch

The plan of the government in expanding the British industry prior the EU exit is scheduled to be launched later. According to official forecasts, the purpose of the industrial strategy is to revised growth which has the tendency to slow down because of UK’s low economic performance. As mentioned by Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, Brexit indicates that the strategy could be considered as "even more important".

Moreover, an agreement with the MSD (Merck Sharp & Dohme) to start a UK research centre is included in the strategy. The investment cost more than £1bn with an expectation to generate 950 jobs. Based on the government’s announcement, there was a significant vote of confidence within the strategy in boosting the UK economic performance after the EU exit.

The launch of the strategy followed some days after the Office for Budget Responsibility (OBR) reported about the productivity outlook and the aggressive reduction of growth in Britain. While political allies and corporate groups believe that the solution is to acquire improved productivity and higher compensation is regarded as greater investments.

 

[Andrea_ForexMart]

Economic News

Good US Economy to be Passed to Powell

Jerome Powell is officially getting closer to becoming the next Fed Reserve Chairman. The Fed Governor said that he is not worried about another financial crisis in the banking system. Powell was asked during the Senate hearing on Tuesday if banks remain too big to fail, and he answered “No”. He noted that regulators were able to conduct positive negotiations and there could be nobody to have an idea about the previous situation in case that a run on occurred on one of these giant financial institutions.

The incoming Fed head described that regulators were left with “no practical choice” and decided to let these huge banks to fail since the entire financial system resulted in a breakdown. In 2008, the Fed together with Treasury Department organized programs that could bring liquidity to American banks during the crunch which includes Bank of America (BAC), Citigroup and JPMorgan (JPM). Moreover, some were unable to survive like Lehman Brothers while Bear Stearns was bought by JPM at an extremely discounted price.

At the same time, the US economy is seated in a better position compared during the Great Recession. The next Fed chair stated that the country may expand nearly at 2.5% in 2018 as reported this year. The 2 percent growth is regarded below the average level according to the majority of forecasters. Goldman Sachs also has the same prediction of 2.5% growth in the economic growth of the United States, and for the world economic outlook is expected at 4% increase.

When talking about the US labor market, J.Powell expressed that the decline in the labor force participation rate among prime-age men indicates a dull employment despite the 4.1% jobless rate, as the reduced wage growth shows slack labor market. Just like Yellen, Powell stated his fears regarding low inflation rates, stressing the importance of reaching the 2% annual target.

 

[Andrea_ForexMart]

Affiliate Program

As the world's trusted forex trading partner, ForexMart offers different partnership packages to maximize your profits and establish your presence in the industry.

Advantages:

*Unparalleled trading conditions for clients

*5 types of Partnership

*High affiliate commissions

*User-friendly interface and extensive statistics

*Complete marketing tools

*Personal affiliate manager

 

[Andrea_ForexMart]

Economic News

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.

 

[Andrea_ForexMart]

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!

 

[Andrea_ForexMart]

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!

 

[Andrea_ForexMart]

Economic News

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.

 

[Andrea_ForexMart]

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.

 

[Andrea_ForexMart]

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.

 

[Andrea_ForexMart]

Economic News

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.

 

[Andrea_ForexMart]

Economic News

Bank of Spain Seen Growth in Spanish Economy

According to the central bank of Spain, robust export could possibly help increase the country’s economy by 0.8 percent quarterly rate over the past three months of 2017 amid the unfavorable consequences brought by the Catalan political crisis.

The Spanish economy is expected to grow by 3.1 percent this year, however, the government has to revise the outlook for 2018 by 2.3 percent versus the initial estimate of 2.6 percent due to risks generated from the already separated regional government of Catalan that urge of its
independence last October.

On Wednesday, the central bank further mentioned that buoyant exports generally created for the economic fallout in wealthy Catalonia. The projections and official data are scheduled to be released next month by the National Statistics Institute.

Currently, Spain is one of the fastest-growing economies of the European Union after emerging from the collapse in late 2013.

 

[Andrea_ForexMart]

The current Money Fall contest has already started on January 1, 2018 and will end on January 5, 2018.

You can register for the next competition which will take place from January 8, 2018 to January 12, 2018

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

Congratulations to all the winners!