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Thread: ForexMart's Forex News

  1. #11
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    Economic News

    March Fed Rate Hike Marks an Optimistic Outlook for 2018
    Full story at: https://goo.gl/b2M3WW
    #economicnews #thinkbigtradeforex #forexmart


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  2. #12
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    Confidence is needed but over confidence is will harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit


  3. #13
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    Daily Market Analysis from ForexMart

    French Economic Growth at 0.3% in Q2, says BOF

    The French economy is projected to expand by 0.3 percent during the period of April-June, this showed unchanged growth pace in the first quarter, according to the initial estimate of the Bank of France on Monday.

    The central bank’s business sentiment indicators for both services industry and manufacturing sector had declined by 102 points in the previous month versus 103 points in March. In April, the BOF revised lower its economic growth forecast in Q1 from 0.4 to 0.3 percent due to lackluster activity in the manufacturing industry.

    The country’s data reflects a larger reduction in the European economy, as ECB Executive Board member Benoit Coeure mentioned last month that the eurozone is expected to suffer from major correction instead of a downturn as growth rates hold out its multi-year highs.


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  4. #14
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    Economic News

    German’s Strong Economic Upswing Despite Weak Growth in Q1, says Finance Ministry

    Germany’s economy had a strong growth amid weak data from the largest economy in Europe earlier in 2018, according to the finance ministry on Tuesday. Moreover, economic output expanded by 0.3 percent in Q1 after the 0.6 percent growth in the last quarter of 2017. The finance ministry also mentioned that the downturn was caused by temporary factors such as ill-health conditions and strikes that affect industrial output alongside the above-average number of public holidays during the quarter.

    In addition to it, the ministry stated that industrial orders continued to be at an extremely high level and that export activity at German companies could take advantage of the strong development of the world economy.

    Reportedly, the combination of moderate inflation, agreed raise in pensions, robust labor market and wage hikes led to the possible solid income development and continuous support in private consumption. The government of Germany believes that the economy will grow by 2.3 percent this year.


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  5. #15
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    Economic News

    Sluggish Growth of Japan Services Sector in May, New Orders Declined

    Japan’s services sector activity rose at a sluggish pace in May than the previous month given the expansion of new orders at the slowest pace since September 2016, based on the private survey on Tuesday. This implies that the economy has lost its momentum in the second quarter.

    However, the business confidence increased to the highest for four months in April as the companies launch new products to give way for the expected increases in the future demand.

    The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) declined on a seasonally adjusted basis to 51.0 in May from 52.5 in April.

    Moreover, there is a rising concern on the lesser demand conditions as new sales rising but at a subdued rate in 20 months, according to an economist at IHS Markit, Joe Hayes, who gathers the survey.

    To sustain the business activity, firms started to clear the “backlogs of work”. High business activities dropped for the first time in the first five months of the year.

    The composite PMI, which includes both manufacturing and services, decreased to 51.7 from 53.1 in April.

    Japanese manufacturing activity rose in May at the slowest rate in seven months due to cooled down new orders based on the revised survey on Friday. This implies lesser domestic demand of the country. Hence, the economy weakened in the first quarter that ends the growth for eight consecutive quarters, which was the longest steady growth since the 1980s bubble economy.

    Since the end of the first quarter, the negative outcome on factory data induced uncertainty on the rate of recovery by the economy.


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  6. #16
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    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.


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  7. #17
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    Economic News

    NZ’s Negative Outlook on Business Confidence

    The business confidence survey of New Zealand signifies a slowdown in the economy that could lead to the possibility for the RBNZ to reduce the official cash rate.

    Reserve Bank Governor Adrian Orr is anticipated to maintain the OCR at 1.75 percent at tomorrow’s review. Yet today, the ANZ Business Outlook reported a drop in the confidence level back to the post-election lows. It added more doubt to the growth outlook, as well as, the course of interest rates.

    There are various possible reasons that induce the decline in confidence, including uncertainty of the policies in the new government, global trade fiction and effect of Mycoplasma Bovis cattle disease.

    The ASB anticipates slow progress in business confidence in the upcoming months, given the ubiquitous support to the NZ economy.

    Yet, the longer business confidence continues to be low and more questions will be raised in the economic outlook. "An OCR cut cannot be ruled out if this persists.", they added.

    The New Zealand kiwi decline based on the survey results about the low growth situation.
    Firms surveyed on their expectations on business condition representing 39% of businesses in total believe to have a gloomy outlook in the next 12 months, as told by the ANZ Senior Economist, Liz Kendall.

    Since June of 2017, business confidence is headed for a downturn given strong “headwind” of the economy, she added.

    She described it as “expansionary” amid the steadfast consumer confidence giving support but the economy may continue to gently lose steam in the next months despite being substantiated by fiscal stimulus and high commodity prices.

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  8. #18
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    Economic News

    Japan’s Industrial Output Dropped by 0.2% in May

    Japan’s industrial output declined by 0.2 percent in May compared to the previous month, which is the first drop in four months, based on the government report on Friday.

    The factory output was 104.4 in the seasonally adjusted index against the total of 100 in 2010, as reported by the Ministry of Economy, Trade, and Industry. Previously, the recorded data was 0.5 percent increase in April.

    Forecast of the ministry on the industrial production remains slow.

    Industrial shipments dropped to 101.4 by 1.6 percent compared to the increased inventories to 113.5 by 0.6 percent.

    Manufacturer’s expected outcome is gaining 0.4 percent in June and 0.8 percent in July, as shown on the survey by the ministry.

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  9. #19
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    Daily Market Analysis from ForexMart

    South Korea’s Exports Declined in June

    Exports from South Korea had fallen in June following a strong rebound in May amid issues on trade wars between Trump administration and China. While other major economies may weaken the Korean economy since it was dependent on trade.

    Foreign shipments in June had declined to 0.1% versus the previous year to $51.23 billion, followed by a surge to 13.2% in the month ahead, based on the initial data released by the trade ministry on Sunday. The latest forecast showed a lower-than-median outlook for 1.5% drop. On the other hand, imports for June increased by 10.7% a year earlier to $44.91 billion, after the 12.7% growth in the past month.

    The trade surplus tightened to $6.32 billion in June versus $6.55 billion a month earlier, while the median forecast showed $5.10 billion. The trade ministry partly blamed the sluggish June trade figures to lesser working days after the local elections this year and also mentioned that the rise in exports on the same month last year was because of the large shipbuilding contracts that offered a higher base for comparison and altered the data.

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