Daily Company News by ForexMart

[Luis ForexMart]

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ForexMart is regulated by the Cyprus Securities Exchange (CySEC)

The industry’s rising game changer, ForexMart, is an investment company operating worldwide. ForexMart is regulated by the Cyprus Securities Exchange (CySEC) with license number 266/15 and a member of the European Securities and Markets Authority (ESMA). The company offers numerous financial instruments to diversify a portfolio. It also adheres to the regulations set forth by the Cyprus Investment Services and Activities Regulated Markets Law of 2007 and the European Financial Instruments Directive (MiFID).

For as low as $1, a novice trader can open a ForexMart account and enjoy superb trading platform, incomparable trade execution, and competitive spreads. Clients can trade forex, CFD on shares, and spot metals (leverage for gold and silver trading is 1:100). Traders can also use a leverage of 1:1000, one of the highest leverages on the market. The Cyprus-based firm also takes pride in its 24/5 client support, as well as latest and substantial educational materials to discover new opportunities and improve trading skills.

ForexMart has two bonus offerings: 30% Bonus and No Deposit Bonus. When a trader opens an account and makes the deposit, the company deposits 30% of the total amount of money deposited. The No Deposit Bonus allows clients to test trading platforms without experiencing any investment risk.

The company also provides free VPS hosting to all its clients.

ForexMart is the official partner of Union Deportiva Las Palmas, a Spanish La Liga football team.

If you find ForexMart interesting, please do leave some feedback on this post, and I will be happy to assist you.

 

[Luis ForexMart]

Weak Canadian Dollar Possibility for a Cut Rate or a Price Hike?

Annual inflation Rate plunged to a 10-month low this August caused by unexpected decline in retail sales. It dropped to 1.1% for seven consecutive months which is below than the target of 2.0% by the Bank of Canada.

This implies a higher risk for a price cut to take place more than a hike next year. The probability of 20% rate cut has doubled to 40% from the reports based on Overnight Index Swap. Household debt reached a record high in the 2nd quarter this year which becomes a problem since majority of the economy relies on domestic spending. Price hike is not happening soon until 2018 whereas the Bank of Canada will publish its economic forecast by third week next month.

 

[Luis ForexMart]

The slowdown of China is a big threat for the global economy, Rogoff said.

The BBC News conducted an interview with the former American economist, Ken Rogoff stating that it was very perilous when the economy of China slowed down because it would create a great impact for the global economy.

Moreover, the economist affirmed such statement seeing that the sovereign state is struggling under a political power and structures which resulted for the so-called “largest manufacturing economy” to fall off. The country also were able to sustain its position for 30 years, however, profuse analysts got upset when the stock market of the country crashed.

 

[Luis ForexMart]

Goldman Sachs MBS to Cut Down Investment Banking Jobs in Asia by Up to 25%

New York-based banking firm Goldman Sachs is set to do a retrenchment in its investment banking jobs in Asia by up to 25% excluding Japan following a collapse in banking deals in the region. According to a reliable source, the firm is planning cut down 75 banking jobs in Asia before the year ends. The sudden cut down in jobs has come out as Goldman Sachs is now in its lowest equity issuance ranking in Asia since 2008, with the firm going down to 11th place from last year’s 2nd place. Representatives from Goldman Sachs MBS has not yet released their sentiments on the said issue.

 

[Luis ForexMart]

ForexMart has announced its partnership Union Deportiva Las Palmas.

With much honor and fervor, ForexMart has announced its partnership with Spanish football team Union Deportiva Las Palmas.

For ForexMart the collaboration is a significant milestone, which also indicates a new chapter for UD Las Palmas.

Founded in 1949, UD Las Palmas has played 31 seasons playing in Spain's football first division (La Liga). The football club is a representative of the eighth largest city of Spain, Las Palmas on the island of Gran Canaria

UD Las Palmas Executive Director Patricio Vinayo said their club is proud to gain foreign sponsors with future prospects, strongly convinced with their partnership with ForexMart.

Reaching the “The League of the Stars,” UD Las Palmas endeavors to stand out in the league after their 13-year break.

 

[Luis ForexMart]

Bank of Japan to Work with PM Shinzo Abe in Order to Beat Deflation and Improve Economic Growth

Japanese Prime Minister Shinzo Abe has told economic analysts on Wednesday that the government of Japan will be closely working with the country's central bank and will utilize all possible policy tools in order to combat rising deflation rates and bolster Japan’s economic growth. The Bank of Japan’s most recent shift was with the central bank’s policy framework, whose goal was to hit the 2% ceiling inflation target, according to Abe’s statement to Japan's upper parliament house.

 

[Luis ForexMart]

Canadian Prime Minister Justin Trudeau approved the construction of the coast for the liquefied natural gas (LNG).

After three years of regulatory approval, the LNG project were officially agreed. This is also the first major energy project of Trudeau ever since he was appointed less than a year ago. According to the Environment Minister of Canada, Catherine McKenna, the plan were granted after thorough reviews and series of conditions and that is to help lessen the greenhouse effect.

It is one of the biggest project that the country will uphold which will have an estimated cost CA$11.4bn ($8.6bn/£6.6bn). The terminal will be constructed in the northern coast of British Columbia. One of the leading oil company, Petronas will manage the energy project. This is also expected to subsidize CA$2.9 billion per year to Canada's GDP.

 

[Luis ForexMart]

Mexican Peso, Asian Stocks Surge as Clinton Comes Out Debate Winner for Investors

The Mexican peso as well as Asia-based shares experienced an upsurge last Tuesday after investors seem to pick out Democratic Party nominee Hillary Clinton as the winner of the first US Presidential Debate against Republican pick Donald Trump. South Korea’s .KS11 and Shanghai’s .SSEC increased its value, while MSCI’S index of Asia-Pacific shares (.MIAPJ0000US) went up by 0.2%. The USD decreased in relation to the JPY, going down from 100.74 to 100.08 JPY=. The Mexican peso also strengthened against the USD, with the USD weakening by 1.9% against the MXN after consecutive price lows on top of concerns that a possible Trump administration could become a threat to Mexican exports to the US.

Analysts are stating that this sudden increase in the Mexican peso as well as in Asian stocks are indicators that market players and investors are closely monitoring the financial market, especially now that the United States will soon be electing its new head of state.

 

[Luis ForexMart]

Industrial Sector Drives Growth in China

The Industrial sector in China booms at the fastest pace in three years. Profits in the said sector leaped from 19.5% compared to last year’s data. A total of 534.5 billion Yuan equivalent to $80 billion which is the highest increase since August 2013. The Steel and oil refining and auto sector also contributed in profit gains.

This indicates growth and stabilization of the economy that is relevant since China is in economic crisis. Economists say that this is just a short-term growth factoring the growth drivers that are not viable in the long run. Although, Industrial sector is giving a positive outlook but other sectors are still in a difficult situation. China is set for a campaign to reduce capacity in the coal and steel sectors which has always been their focal point in business for the past 20 years that makes this not just a simple plan.

 

[Luis ForexMart]

UK commercial property remain unshaken despite the British Exit.

The industrial property of Britain continued to establish a firm condition despite of the Brexit decision happened last June 23. Although, there is a tendency that the economy might become weaker considering that prices were forecasted to perform successive declines.

The EU exit created a negative medium-term impact in the market as it was stated in a report on Monday. Regardless of the uncertain factors caused by the political risk, the commercial sector of Europe remains powerful, said by Kattan.