Thread: Company News by ForexMart

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!

This week’s most popular deal:


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Japan’s Manufacturing PMI for September Perk up

The manufacturing activity of Japan increased in September at its fastest pace within four months, along with the expansion of exports and domestic orders, indicated in a preliminary private survey on Monday, and further showed some signs of strengthening demand.

The Markit/Nikkei Japan Manufacturing Purchasing Managers’ Index (PMI) was able to grow to a seasonally adjusted 52.6 for this month versus the previously 52.2 in the month of August. The PMI remained on top of the threshold 50 that detaches expansion contraction from the 13th consecutive month and drove towards its highest level in May.

Annabel Fiddes, a principal economist at IHS Markit, conducted the survey and said that “Firms signaled stronger expansions in both output and new orders amid reports of firmer demand both at home and abroad.” Fiddes also mentioned that the third quarter ended strong which provided positive signs for production for the following months, as business confidence picked up marginally since last month.

New export orders index expand from 51.3 to 53.1 initially. The flash index for new orders climbed to 52.5 versus 51.9 results in August. PMI index output component further grew since August.

The PMI survey adheres with government figures issued last week, as Japanese exports in August perked up at its fastest in almost four years caused by the strong international demand. There is more evidence offered that shows Japan’s economy will continue growing.


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Oil Steady Gains Amid Pressure In Market Rebalancing

The oil market is under pressure because of a surge in U.S. dollar but kept their profits from the former session. This was mainly due to the major meeting from producers in Vienna which aims to rebalance their asset allocation.

Since the beginning of 2017, members of the Organization of the Petroleum Exporting Countries including other oil producing countries such as Russia reduced the output by 1.8 million barrels per day. This action is helpful in easing of global crude inventories towards OPEC’s target of the five-year average.

The London Brent crude for November delivery declined by 4 cents at $56.82 a barrel by 0614 GMT which is close to the highest rate since the third month of the year. On the other hand, the U.S. crude market for November delivery dropped by 10 cents at $50.56 but not too far from the latest four-month highs.

The WTI crude decreased to the same month of Brent futures reached $6.28 which has been extensive since August 2015 and further pressured damages incurred by the U.S. refineries following the hurricane disaster.

The dollar index rose by 1 percent against other currencies. The euro declined following the rally in Germany after the election which demonstrates support for the far-right party and prompted Chancellor Angela Merkel to be in opposition.

The energy minister from Russia publicized that there is no agreement yet on the extension of output reduction after March. Yet, this is anticipated before January and this decision is anticipated before the year ends.


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Chinese State-owned Firms Higher Gains Until August 2017

State-own companies in China had an increase in profit gains by 21.7 for last month compared to the same period for the year of 2016, as stated by the Ministry of Finance on Tuesday. The collated profits were 1.9 trillion yuan or $287.27 billion for the eight months of the year since January. As for the revenue, it climbed 15.5 percent to 33.08 trillion yuan. Yet, the debts of state firms soared 11 percent to 96.49 trillion yuan set side by side to the previous year at the end of August.



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ECN Technology

ECN Technology using your favorite trading platform.

What is ECN?

ECN, which means "Electronic Communication Network" is a process which grants direct access between market participants particularly the small traders (banks, investment funds, and individuals) and the top liquidity providers. By creating this direct link, clients are able to have an efficient and effective trading process which mitigates risk and maximizes profit opportunities. And because ECN technology eliminates the intermediary and dealers, clients have faster and cheaper trades.

Why should you choose ECN broker?

The ECN broker field is relatively new with fewer competition. It’s only now enjoying the popularity that it has due to the rising numbers of clients that are trading and realizing its benefits. And there are quite a lot of advantages that ECN offers. The following are just some :

• Tight Spreads
  Clients enjoy trade executions with tight spreads. This means that there are no limit or stop levels and traders can freely trade within the spread.
  
  
  
• Instant Executions
  
• ECN technology was developed to accommodate and process trades instantly. Using our system, clients are able to live stream, match orders, and receive immediate confirmation.
  
  
  
• No Re-qoutes
  ECN Brokers eliminate the need for intermediary desks and thus optimizing the trading process for a faster execution and quicker confirmation without re-quotes.
  
  
  
• Direct Access
  Clients are granted direct access to the top liquidity providers such as world-class banks and prestigious financial executions. This means they are able to trade on global liquidity.
  
  
  
• Trading Strategy
  With the ECN technology, traders can use any trading strategy they want, even scalping. There are no restrictions on this end.
  
  
  
• Automated Trades
  Trades using ECN technology are automated as the system searches and matches orders automatically. This optimizes the broker's work time.

What is ForexMart’s ECN Technology?

ForexMart’s ECN Technology allows for the clients to enjoy tight spreads, low commissions, and efficient executions. We developed a system that instantly searches and matches orders in real time. It automatically executes orders that fit your conditions. This ensures a quick and optimum trading experience.

Maximize your opportunities with ForexMart's ECN technology and enjoy the benefits t

Switzerland is the ‘Most Competitive Economy’ in World

On Wednesday, the World Economic Forum announced that Switzerland hailed the most competitive economy in the world for nine consecutive years. In 2008, the country suffered from a minor shock which enabled the United States to push the Swiss economy in the second spot, nevertheless, the Swiss Confederation was able to maintain the first place due to its adeptness as shown in the annual ranking of WEF.

Switzerland is on top for nearly a decade but the country is currently at risk due to populism and complacency.

Aside from Switzerland, the list kept unchanged since last year, except a little bit of shuffling. The United States was able to outpace Singapore for the second place, while Hong Kong is in the sixth rank as it successfully passed three places, going beyond Japan in the ninth place.

Moreover, the Great Britain lowered down to eighth and the WEF said, this fall has nothing to do with the Brexit process and the slide is already expected. The Chinese economy ranked 27th which is ahead of Russia on 38th and India on the 40th. In addition to it, Yemen is in the 37th position and the poor country got the wooden spoon amid their devastated status due to civil war, economic downturn, and widespread scarcity.


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Turkish PM Yildirim Agreed to Deal Oil Exports with Iraq

Iraq disclosed that it will only deal with the Turkey government when it comes to crude oil exports, according to the Iraqi Prime Minister Haider al-Abadi on Thursday. The support of Turkey with Iraq was discussed between the Prime ministers of both countries. Turkish Prime Minister Binali Yildirim phone call conversation entails the affirmation of supporting Iraq to “all decision” which he mentioned, in particular, the “restriction” of oil exports. Although, this was not deliberated in detailed.


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This week’s most popular deal:

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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.

British Economy Soften in Third Quarter, says CBI

The growth in the UK private sector had reduced marginally during the third quarter, as mentioned in the industry poll issued on Sunday, amid the optimistic outlook of various firms in the following months.

The monthly indicator of the Confederation of British Industry for the output for manufacturers, retailers and services companies is down to +11, compared with the +14 for the three months to August. Even though there are mixed expectations, the overall data for the next quarter is anticipated to perked up to +18 which is two points from August.

The survey of the CBI signaled that it is impossible to persuade the rate setters of the BoE who stated that interest rates would increase sooner or later, in consideration of the continuous economic development and price growth.

The Office for National Statistics (ONS) mentioned last week that the British economy had an uptick on its slowest annual pace in 2013 subsequent to the EU exit in 2016. As indicated in the Reuters poll last week, many economists predicted that rate hikes will be in November while the other respondents believed that it is inappropriate to imply such action.


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