Daily Company News by ForexMart

[Luis ForexMart]

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Conference Event in Singapore 17th of September 2016

On 17th of September 2016, the annual conference of ShowFx Asia was held at Marina Bay Sands Expo & Convention Centre Singapore. This event gave an opportunity for traders to gather at one place, once in the year of their busy life to meet members of Forex community.

Outstanding speakers were invited to give advice, share their experiences and insights to large number of guests. They are internationally acclaimed speakers who are experts with years of trading or passion for excellence in their career.

This one-day event was focused on the latest developments in trading with market forecast of the year 2016. Speaker Zen Alldredge who is a Lead Forex instructor and trader at the Trading Empire focused on Market makers whether it is a fact or fiction. He imparted to the audience how to identify and counteract trading mind traps. He is trusted for his forecast on weekly market trends that is 90% almost accurate for the last 5 years up to present.

One of the former World`s Youngest Forex educators, Choo Koon Lip, shared strategies and showed how to get money and become the Best Manager in Forex. He is one of the top educators in the industry where most of his students were successful in trading.

Another speaker, Semyon Tochilin, talked about Conservative Forex Trading or how to choose the optimal trade strategy for a beginner. This includes price behavior including price delivery inefficiencies or interbank that can be applied into trading.

Speaker, Karen Foo, who is named as one of the top 25 Traders in Asia, enlightened audience on how to get started in the craft of trading in 4 powerful steps as a Trade Executor. She has always been a financial expert among other top investment gurus.

Today’s Forex Market was also tackled by Ezekiel Chew by giving advices on how to convert mishaps into profits. He is known for helping people to get back on track after experiencing some adversities in trading.

ForexMart who has been active in Forex community joined the event as an exhibitor. All the attendees not only learned from distinguished speakers but had a fun-filled day with all the other activities such as raffle draws and a presentation from Pruton Futures. To meet other Forex traders including brokers, trading experts and fellow traders who have similar interests is what made this day more memorable. The active participation of novice or seasoned traders alike and sponsors made this event a success.

ForexMart is looking forward for the next conference!

Visit - https://www.forexmart.com/news/article/146

 

[Luis ForexMart]

UK’s Financial Industry Big Losses on Hard Brexit

UK is concerned of the after effects of Brexit termed as “hard Brexit” when UK officially left European Union. The recent announced had immediately caused the pound to a record 31-year low against USD. It is estimated for UK to lose £38bn when UK leave the single market and 75,000 jobs are to be dismissed. There are different scenarios that are possible to happen and the government ensures the financial services industry’s condition to be evaluated before the negotiations of leaving EU.

 

[Luis ForexMart]

International Monetary Fund Warns of Possible Disruption in Asian Capital Flows due to Fed Interest Rate Hike

The International Monetary Fund released a statement on Thursday that warned investors that varying reactions on the impending interest rate hike by the Federal Reserve could disturb Asian capital flows and could also increase the volatility of asset prices in Asia. The IMF also stated that the prospective growth of much more advanced nations can have negative effects on the Asian economy especially since the region’s weak export rates could have an impact on their overall growth and inflation rates.

 

[Luis ForexMart]

European Stocks Weaken as Oil Companies Start Pulling Out Shares

The European stock market experienced significant losses last Tuesday after a large-scale shares pullout by major oil companies caused a dent in the EU market. The index for the Pan-European STOXX 600 dropped by 0.3%, causing the index to have an annual decrease of already 7% for the whole of 2016. Meanwhile, the STOXX Europe 600 Oil and Gas index also decreased by 0.4% after oil prices recoiled from their previous annual highs. However, the shares for European luxury goods increased, with an unexpected stimulation in its total sales for the third quarter.

 

[Luis ForexMart]

The pursuant of Hard-Brexit would cause the Britain to lose up to £66bn, the Treasury warns

After the major news regarding the British exit that brought extreme damages in the overall economy of UK, the concept of hard-brexit rose by which experts discussed it as the withdrawal in the single market along with dropping its membership to EU customs union and it is believe that this is a harm-generating occurrence.

As it was stated by the HM treasury, the region is expected to lose as much as £66bn, in case that type of Brexit option will be executed. In accordance to the statement from the elected officials, there would be a 9.5% decline to the country's GDP.

 

[Luis ForexMart]

Volkswagen Plans to Reduce Workforce Yearly

Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.

 

[Luis ForexMart]

Group of investors sued Toshiba Corp regarding financial misdeeds.

As per the statement from the Toshiba Corporation, foreign investors brought them some legal charges about the fraudulent income statements worth 16.7 billion yen ($162.29 million), this scandal is considered to be the largest amount claimed deposit up to now.

The conglomerate company also announced that there are total of 45 foreign organizations filed cases in the district court of Tokyo. Hence, the corporation received the legal document last Wednesday.

Following the first lawsuit is another 15 appeals with a combined amount of 15.3 billion yen ($147.3 million) concerning the misconduct occurred last year. However, the enterprise revealed that during 2008 there did approve inflated profits.

 

[Luis ForexMart]

Weak Trades in China Slows Down Economic Growth

The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.

 

[Luis ForexMart]

Asian Stocks and USD Inch Higher amid Relief on Chinese Inflation Data
The US dollar as well as Asian stocks experienced a significant increase on Friday which cancelled out the previous losses from Thursday due to a highly positive Chinese inflation data, which erased certain doubts with regards to the current state of the Chinese economy. The MSCI index of Asia-Pacific shares, particularly the MIAPJ0000PUS increased by 0.4% following a drop of 1.1% last Thursday which was caused by a decrease in China’s export numbers that led to a surge in US yields and interrupted the movement of the USD.

 

[Luis ForexMart]

Fed's minutes were released, increase of rates reaffirmed

Ten out seventeen committee officials who are present in the US Federal Reserve meeting had approved the raise of rates. They gave a “close call” because inflation were seen falling at 2% and indication for the build up of impetus for expanding the rising wages is not yet visible.

Rates swings between 0.25% and 0.5% According to the meeting, "several members judged that it would be appropriate to increase the target range for the federal funds rate relatively soon if economic developments unfolded about as expected."