Thread: Company News by ForexMart

The current Money Fall contest has already started on January 23, 2017 and will end on January 27, 2017.
You can register for the next competition which will take place from January 30, 2017 to February 3, 2017

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

400x80_banner4.jpg

Investors Cautious on Turkey’s Lira as Central Bank Meeting Nears

Lira depreciated on Monday as investors became heedful as their currency weakens before the central bank meeting. The country has been greatly affected by the attempted coup and concerns of the Central Bank of Republic of Turkey credibility.


Lira declined by 8 percent this year from double-digit decline since 2015. It closed at 3.7640 against U.S. dollar on Friday and got lower at 3.7682 on Monday despite the strengthening of Turkish currency.

Most of the analysts have forecasted for the CBRT to retain its current interest rates or less rate hike even below expectation during the MPC meeting. For now, the central bank relies on liquidity as indicators to help lift the currency value.

investorscautious.jpg

Bundesbank Posts Two Percent Inflation Rate for Germany

Based on the report of Deutsche Bundesbank, inflation is predicted to surge for this month. Earlier in December, the consumer price index rose together with the high energy cost which began 5 years ago. The German inflation marks two percent according to the report of Bundesbank published on Monday. The recent steep increase in the average prices of the oil products caused for the inflation to escalate to two percent for January.

However, the European Central Bank targets with an inflation rate below 2% because it is the most suitable percentage in order for the euro economy to further develop.

On the previous month, the price level of consumer expenditure grew by 1.7% after three and a half years which resulted for high-priced petroleum products. This also made oil companies including the OPEC to imply for production cuts in order to improve the price of the basic material for oil.

On the other hand, analysts predicted for 1.8% inflation in 2021. The German economy continued to improved according to Bundesbank as the country’s industry remained “favorable”. The 2016 GDP expanded to 1.9% after five years and for this year, the bank expects for the same result.

Brazil’s Central Bank Modification of Reserve Requirements

The Central Bank of Brazil plans to revise its reserve mandatory policies aiming to raise the volume of money flow in the economy. In due course, this could lessen the cost of credit for consumers and generate excess resources in the bank and improve the regulation of the monetary policy.

Last month, the Mexican Central bank Governor Ilan Goldfajn publicized their goal to cut its medium-term to long-term credit costs for both companies and consumers to boost the economy facing recession. The banks intends to integrate the demand policies for savings and time deposits involving the differences between borrowing rates of banks in loans and funds.

brazilscentralbank.jpg

Bank of Japan Done Adding Stimuli Under Kuroda—Economists

Economists are stating that Bank of Japan is already done with adding economic stimulus to the Japanese economy under the term of BoJ Governor Haruhiko Kuroda. In addition, economists are also stating that there is a small chance of any adjustments made during the central bank’s policy meeting which is set to end this coming January 31. This is partly due to economic situations overseas becoming more complicated by the minute, especially with the newly-minted Trump administration as well as the hard Brexit process from the UK. The stirring of economic issues abroad has prompted the Bank of Japan to maintain its current policies and wait for these to unravel before finally making a move.

Slow Economic Growth for South Korea in Fourth Quarter

The Bank of Korea confirmed on Wednesday the economic growth of the sovereign state fell back during the fourth quarter of the previous year. Further sharp decline took place in the construction spending and personal consumption expenditure as the political upheaval intensifies.

The period got affected by the illegal involvement of President Park Geun-hye regarding the corruption scandal. Park got impeached by parliament of South Korea, pronouncing their judgment in a court proceeding. This political instability triggered fears for the probable “policy paralysis” and caused for the Consumer Confidence Index to slump for the third time up to this month.

The growth is approximately 0.4 percent based on Seasonally Adjusted Annual Rate (SAAR), quite from the 0.6 percent result in September and 0.8 percent surge for the month of June.
While the construction investment grew less with a seasonally adjusted 1.7 percent from October to December. On the other hand, the private consumption gained 0.2 percent only and remained lesser by 0.5 percent during the September quarter. Moreover, the annual GDP rate increased by 2.3 percent in the last quarter but comparatively lower from 2.6 percent hike in third quarter.

sloweconomic.jpg

Singapore Manufacturing Data Rallied on Strong Exports Demand

The industrial production of Singapore rose at the quickest rate over five years in December driven by strong demand for electronics export reported by the Electronic Development Board. The Manufacturing data rose 21.3 percent in December 2016 while the output climbed to 6.4%. Even though the country encountered an increase in jobless rate reaching a six-year high in the past quarter, the results exceeded the forecast for two consecutive months from November.

Growth in the export-reliant city-state is starting to gain momentum when the country tried to prevent the recession last year since the economy recovered after the decline in the third quarter. The preliminary data of the Gross Domestic Product also rose at the fastest rate over three years in the fourth quarter.

Trump Signed Exec Order for Controversial Pipelines

Environmentalists have predicted about the much-protected issue but only few of them presumed it would instantly take place. As US President Donald Trump signed an executive order giving a go-ahead signal for the completion of the controversial Keystone XL and Dakota Access pipeline. Based on reports, these infrastructure programs allow an easier shipping of fossil fuels towards North America.

This re-authorization order is included in the promise of Trump during his campaign which is about the lessening of internal procedures in blocking the pipelines.Moreover, the 70-year old politician was lambasted by climate activists together with Native Americans after he approved the memorandum for the pipeline projects.

The pipeline revival is the initial opposing move of current American leader against ex-President Obama’s environmental policies. As Obama’s presidency did not pursue this plan due to some environmental-related concerns.

trumpsigned.jpg

The current contest has already started on January 30, 2017 and will end on February 3, 2017.
You can register for the next competition which will take place from February 6, 2017 to February 10, 2017.

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

Winners for the week of January 9 to January 13, 2017

winners.jpg