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Post Info TOPIC: Company News by ForexMart


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RE: Company News by ForexMart


New Monetary Policy of Japan: Massive Buying Government Bonds Continues

 

The new policy framework of Japan to help the increase of policy rates to elevate the economy will be carried on to increase inflation rates. The BOJ decided to change their policies after the printing of money and huge asset buying to be unsuccessful to meet its 2 percent inflation target. In views of this, they are trying to create a more sustainable monetary policies. The massive buying of government bonds will be maintained with yield curve being inline with central bank's expectations. Although there are concerns that this move negatively affects the real-estate investment trust market of Japan.

 

 


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PM Renzi's Plan for Italy's Reformation Has Failed on Sunday

 

The Prime Minister of Italy, Matteo Renzi had his decision to resign last night after he lose in a constitutional referendum held Sunday, 4th of December 2016. The Italian politician admitted his defeat prior to the issuance of the official results and as expected the exit poll exhibited that Renzi is facing a humiliating defeat.

 

The referendum rise due to the plan of the 41-year-old PM to establish a major economic reform package in order to reconstruct the political system of the country. As he proposed to reform the power of the senate as well to reduce its number present in the lower house of parliament. Furthermore, he wanted to amend the political authority of every state and region in Italy.

 

 

 


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Euro Drops, Bonds Surge as Italy Says No to Constitutional Reforms

 

The EUR plummeted along with Asian stocks while bond prices surged after the Italian government voted “No” on the referendum for constitutional reforms, which sparked concerns that this recent development in the country will induce instability in the Italian economy and boost nationalist organizations. The euro hit its lowest point in almost two years after Italian PM Renzi announced his resignation. UK-based stocks and Asian shares index futures also dropped, while government debt recoiled in Treasuries during Friday’s session.

 

 


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The current Money Fall contest has already started on December 5, 2016 and will end on December 9, 2016.


You can register for the next competition which will take place from December 12, 2016 to December 16, 2016.


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


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Money Fall Contest Winners for the week of November 14 - 18, 2016

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UK’s PMI Edged Higher in November

 

The primary businesses in the service sector of U.K had an upsurge last month and its highest rate was recorded January, while the economy continued to have its current momentum despite of the fear of some companies regarding the future markets as indicated in yesterday’s survey.

 

 

As the Markit/CIPS PMI handles the data relative to the economic sector as it gained 55.2 points for the month of November versus  the 54.5 October data, the recent results had presented better-than-expected outcome of Reuters poll surveyed by economists.

 

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China Needs to Address Rising Leverage Concerns

 

China has to implement market-oriented reforms at a faster pace to counterbalance the climb in corporate leverage including the unnecessary disturbances in the state sector according to a U.S. Treasury official.  

 

The reform is said to include the removal of ‘state guarantees’ and financial sector that disproportionate State-owned Enterprises charged to private sector firms. The country has an estimated total of $18 trillion debt that represents partly of the GDP. They see the relevance of removal of barriers that limits the participation of local and foreign companies in the service sector in line with the shift in focus from a manufacturing-centered country.

 

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GBP Hits Highest Level in Two Months as Market Hopes UK Government Loses Brexit Case

 

The sterling pound hit a two-month high after the UK Supreme Court recently concluded its second day of arguments with regards to discussing the right to commence the Brexit referendum, or the UK’s imminent separation from the EU. The GBP recorded its sixth day of increase against the USD, its second consecutive monthly gain since November. The UK government has already lost a Supreme Court case, which was about whether the Parliament should be first given the right to do a vote before the actual implementation of Theresa May’s Brexit strategies.

 

 
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RBA Interest Rate Decision Remained at 1.5%

 

The central bank of Australia or also known as RBA has announced their final decision during the board meeting held every month. The Reserve Bank of Australia made a resolution to keep their rates unchanged with a record low reaching 1.50 percent.

 

 

According to a site whose purpose is to compare mortgage rates, finder.com.au have made a survey among 75 experts in the industry and most them expected that rates will still be consistent. Furthermore, they support the RBA’s decision as there is no reason to demand the bank to employ such changes. Many professionals from the industry anticipate that the next move of the Australian financial system will be on the upcoming February 2017.

 

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Date:

The current Money Fall contest has already started on December 19, 2016 and will end on December 23, 2016.

You can register for the next competition which will take place from December 26, 2016 to December 30, 2016 (Terminal time). .

Note:

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

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Italian Government Solicits €20bn to Support Their Struggling Banks

The Italian government waiting for parliamentary approval to borrow as much as 20 billion Euro equivalent to 17 billion pound to backed up weak banking sector especially Monte dei Paschi. This puts pressure to the newly elected Italian Prime Minister Paolo Gentiloni afraid to suffer losses regards to bailout rules of European Union.

He indicated that this serves as a preventive measure to protect savings. Also, Pier Carlo Padoan the Italian economy minister said that this would be used to induce liquidity in the banking industry to support troubled banks. They are looking for ways to pay losses incurred by retail investors.

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New Section "Economical News"

 

Dear traders!

 

We have added a new section "Economic news" on our site. Every day we will publish the main news in the field of economics and finance. In this news section you will always find interesting, actual and relevant information about important economic indicators, current exchange rates and much  more. You can also learn the latest important events affecting the world and Russian economy.

 

Keep the track of the world events and stay tuned with ForexMart!



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Las Palmas VIP Ticket Raffle 2016/17

 

ForexMart clients can now have a unique opportunity to get VIP tickets and watch games in Las Palmas  for free!

 

ForexMart is pleased to announce that we will be giving away free VIP ticket passes to watch Union Deportiva Las Palmas play against the best European football teams to all of our active clients.

 

This raffle is open to all active ForexMart traders, and each client will immediately get ONE (1) entry to the ticket raffle. Winners of this particular raffle will be able to get a confirmation via their emails.

 

For more details with regards to this raffle giveaway, kindly visit ForexMart’s official raffle page.

 

If you do not have a trading account with us yet and want to join ForexMart’s VIP ticket raffle, you can sign up <here> now and have your account validated instantly! Sign up and get a chance to join and win awesome prizes from ForexMart!



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China’s Economy Remains Stable Until 2017

 

The Bureau of Statistics released the GDP of China showing 6.7% growth during the previous three quarters of 2016. The world’s second-largest economy established a stable growth which is a sign for the possible completion of the country’s target for the year.

 

The issued data further presented an economic stability under the industrial sector, consumption and investing sector from October to November. While the service industry rose because of an upbeat in agriculture. Chinese officials from the National Development and Reform Commission (NDRC) are confident that the positive trends will continue until 2017.

 

Stephen Roach, an economist told the China Daily that the attainment of the government’s target GDP growth will account for 1.2 percentage points.

 

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Vietnam Fast Economic Growth Gained More Than 6% in GDP

 

Vietnam’s economy rose by 6.21% this year being the fastest country to grow in the manufacturing sector. Its trade exports remain strong as it grew by 8.6% for this year despite sluggish global that is affecting other countries such as Singapore and China.  

 

The Gross Domestic Product climbed 6.68% in the fourth quarter last year while an improvement of 6.56% was seen since September as stated by the General Statistics Office of Hanoi. The forecasted economic growth of the country by the Asian Development Bank is 63 percent for 2017 giving a positive outlook in the next several years and standout from the rest of Asian countries.

 

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US Stocks Trade Near Record High as Oil Prices Surge, Bonds Drop

 

US stocks traded within its record highs in the midst of low market liquidity after oil prices clocked in its longest gain streak within a four-month period. Meanwhile, US treasuries dropped following a weakening in the demand in a two-year notes auction. The rise in oil prices for the seventh straight day is a response to anticipation from majority of market players that the recent production cuts from both non-OPEC and OPEC member nations will be vital in the reduction of a supply surplus.

 

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The current Money Fall contest has already started on January 2, 2017 and will end on January 6, 2017.

 

You can register for the next competition which will take place from January 9, 2017 to January 13, 2017

 

Note:

 

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

 



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Countermeasures of China to Curb Yuan in 2017

 

Yuan rallied this year especially the offshore trading and China is creating its contingency plan to curb the capital outflows for 2017. The offshore yuan climbed 0.9 percent to 6.8958 against U.S. dollar which is the highest increment since January 2016.

 

This plan was thought to counter recovering U.S. dollar while country’s capital outflow increases. Moreover, the ongoing threat from changes in U.S. policies regarding exports under Trump’s presidency. China might also sell U.S. Treasuries this year if necessary to secure the currency. This is predicted to expand the supply for foreign exchange within the onshore market and in return would support yuan in the short term.



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Inflation Rate in the Eurozone Rack Up

The inflation rate in the European region had increased, reaching its highest pace after three years. The surge is driven by the price hike for alcohol and tobacco, energy and food.

Based on the report from the Eurostat, the inflation percentage for December gained 1.1% which is notably higher from November’s result of 0.6%.

The highest rate occurred last 2013 in the month of September by which the result is also 1.1%. The final outcome is higher-than-expected which made the ECB’s target less than 2%.
The energy prices surge by 2.5% yearly, while the value of food and intoxicants grew by 1.2% year over year. Moreover, the energy costs rose due to OPEC’s resolution to decrease the production output.

The sharp jump lessened the fears of Europe regarding the possible deflation which could weakened the eurozone’s economic growth. Meanwhile, other core prices compelled by world markets had a limited rise from 0.8% to 0.9% only, this little progress would mean that the December’s inflation is “short-lived” according to analysts.


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Date:

The current Money Fall contest has already started on January 9, 2017 and will end on January 13, 2017.

You can register for the next competition which will take place from January 16, 2017 to January 20, 2017

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


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World Economy Could Receive Boost from Tax Cuts, Says World Bank

 

The World Bank has stated that Trump’s proposed tax cuts and other spending policies could possibly help in boosting the global economy in spite of the concerns surrounding his proposed trading policies. The international development lender further added that the incoming administration could possibly endanger the recent gains caused by various economic stimuli once it implements the setting up of certain trading boundaries which could trigger counter-policies from neighboring countries such as Canada and the UK.

 

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China Exports Dropped in December

 

According to the official data released on Friday, the exports of world’s second biggest economy worsen trader’s expectation in December since the global trade kept its weak stance unchanged, while the imports growth were reduced.

 

Moreover, the exports for the month declined by 6.1 percent on-year in terms of dollar-denominated circumstances. Compared with the previous month of 0.1 percent hike as per report from Reuters on Friday cited in the official stats as well.

 

Last year, imports rose by 3.1 percent versus 6.7 percent increase in November. Whereas, the trade balance on December reached $40.82 billion against $44.61 billion for the past month.

 

However, economist polled by Reuters assessed the exports will lose 3.5 percent, imports will rise 2.4 percent and the monthly trade balance will arrive at  $46.50 billion.

 

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Oil Records Highest 6-Week Gains as KSA Cuts Back on Oil Production

Oil prices increased in value and has recorded its largest two-day gains within the six-week mark as Saudi Arabia prepares to cutback on its oil production way more than what was initially required as stated in the OPEC meeting a few weeks ago. Saudi’s Energy Minister has already stated that the country has already minimized its oil output to only less than 10 million barrels per day which is more than what was previously agreed on between OPEC and non-OPEC oil producers as part of efforts to curb down oil production across the globe.


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Date:

The current Money Fall contest has already started on January 16, 2017 and will end on January 20, 2017.

You can register for the next competition which will take place from January 23, 2017 to January 27, 2017

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


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Oil Prices Amp Up as the Dollar Weakens

 

Oil prices edged higher as the dollar weaken and the expectations about Organization of the Petroleum Exporting Countries (OPEC) en masse with other producers will reduce its output since it's part of the deal in curbing the worldwide overproduction.

 

According to traders the prices appears to be buoyant due to the sluggish stance of greens which made fuel cost cheaper for countries that utilize foreign currencies

 

The oil further accumulated support from the issued reduction for crude production which includes major producers in Russia.

 

OPEC also mentioned that they would cut down the quantity they produced with 1.2 million barrels each day to 32.5 million bpd starting 1st of January. However, there are assumptions that the Austria-based company will not totally execute the declared cutback whereas the agreement of 50 to 80 percent are adequate to support petroleum purchase.

 

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Economic Assessment Shows A Moderate Growth of Japan’s Economy

 

The Bank of Japan economic assessment shows a positive outlook in its quarterly report on Monday. Three out of nine regions saying giving a moderate economic recovery while other regions stay the same because of higher private consumption and increase in demand from Emerging Asian countries. On the other hand, retails sales increased in November with the tightening of the labor market as wages rises as well.

 

This the first time after seven quarters passed with BOJ raising its assessment for different regions implying that the country is in its way to recovery at a moderate pace. It is anticipated by the analysts that the central bank will delay its planned stimulus in the next months as the economy moves having an optimistic future for the country.

 

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Chinese Government’s Countermeasure for Decline in Home Prices

 

Residential property in Guangzhou climbed by 0.7 percent in December according to the report from Bureau of Statistics’ data. It is the only city who opposed the deflation program of residential properties in China.

 

Twenty local and provincial officials have seeked out counter measures to control loans and restrict second-home buyers to lessen the risk of elevated prices that may lead into dire repercussions. When this countermeasure has been implemented home prices from first and second tier cities steadied implying a positive change for the economy. As for the city of Beijing, he pledged that the prices of new homes will be kept unchanged for this year.

 

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India’s Demonetization Impacts the Economy

 

India presented consecutive growth for less than 7 percent in the past three-quarters during December 2012 and June 2013 based on the statement from an India economist at Soc Generale, Kunal Kumar Kundu.

 

SocGen also mentioned the fiscal growth rate of the country for 2017 is 6.6 percent versus the previous result of 7.3 percent. The bank further expects for a 7.2 percent, lesser than the earlier prediction of 7.7 percent, for the fiscal year 2018 which will end on March 2019.

India laid out its demonetization program since November with more than 50 days from now, causing an 86% impact on the currency circulation within the country. The 500 ($7.35) and 1,000 ($14.70)  rupees were replaced with 500 and 2,000 rupee notes.

 

The Jakarta-based investment firm reviewed the research from All India Manufacturers' Organization (AIMO), which showed that there are 35% job losses within the small scale and micro industries and suffered 50% decline in the revenue, 34 days after the demonetization program is set forth. However, in March 2017, the figures will likely drop into 60% in employment while 55% reduction in revenue as stated by AIMO, it’s because these sectors are highly dependent on cash transactions.

 

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Pound Surges, USD Plummets After Trump, May Comments

 

The sterling pound finally increased in value after a long slump after UK PM Theresa May outlined her plans for the hard Brexit process, therefore clearing up some of the Brexit-related confusions and placating investors. Meanwhile, US president-elect Donald Trump has recently commented on the strength of the dollar, saying that the USD’s current value might be “too strong” for the US economy to handle. This has then prompted USD investors to vacate the dollar and move to riskier assets such as stock markets and has caused the dollar to drop in value.

 

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Date:

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.

 

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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.

 

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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.


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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.

 

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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.


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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.

 

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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.


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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.

 

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Date:

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.


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

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USD Drops, Asia Stocks Slump after Trump’s Immigration Ban Causes Unrest

The US dollar inched lower and asian stocks declined after the market suffered repercussions brought about by President Trump’s various implementing policies, including an immigration which has sparked outrage from a number of the world’s most influential leaders as well as some tech giants. Meanwhile, bonds rose in value along with gold prices. The US dollar traded within its lowest levels in over two months and has weakened significantly against all other major currencies. Oil prices also decreased in value for the second consecutive day this week.


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Positive Outlook on Japan’s Economic Growth Forecast Caused BOJ to Maintain its Policy

The Bank of Japan adjusted higher its economic forecast on Tuesday. However, the monetary policy remained the same which is already anticipated. The GDP forecast for the year increased by 14% from 1.0% in October for this fiscal year. Its economic forecast was raised by 1.5% from 1.3% for this year and 1.1 percent from 0.9% in the following fiscal year. Alongside, the inflation of 2% is anticipated to increase as well for the fiscal year in 2018 since the medium to long-term inflation expectations has a positive outlook and halts is recent decline.


The Labor market is also doing well with rates tightening and the downtrend of the commodity prices is pushed higher by the increase in demand for International commodity prices. The currency yield-curve policy control approved on later September meeting of the central bank is expected to maintain its current stand despite the uncertainty brought by the new U.S. administration as one of their top trading trading partner.


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Date:

The current Money Fall contest has already started on February 6, 2017 and will end on February 10, 2017.

You can register for the next competition which will take place from February 13, 2017 to February 17, 2017.

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



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Date:

USD Falls for Sixth Consecutive Week as NFP Data Disappoints

 

The US dollar fell for the sixth consecutive week and has recorded its lowest drop since July 2016 after the NFP report disappointed a lot of market players as the supposed effects of a highly positive hiring data was offset by the lack of wage-induced pressures. This was also further propelled by various uncertainties surrounding Trump’s policies regarding the USD, as well as his newly-imposed sanctions on Iran. The results of the NFP report were also not enough to compensate for the uncertainties brought about by the Fed’s refusal to give out hints on its next steps regarding the impending interest rate hike.

 

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Worst-Performing Economy in the Eurozone - Italy

According to an analysis conducted in the euro zone, the economy of Italy has the worst condition among European Union countries after 18 years while the leading country is Germany. The besieged Italian republic was witnessed to be the only nation within the region to have an economic decline equal to its population size during the year, 1998.

The state’s Gross Domestic Product is down to 0.4 percent within that period which performed worse than Greece as stated in the EU data from Bloomberg. Moreover, the current GDP of Italy grew by 6.2 percent, however, the number of all individuals is greater by 6.6 percent.

According to a Milan-based economist from UniCredit Bank AG, Loredana Federico, said in an interview that the country’s economy had a slow growth versus other nations. She also mentioned that it will tough for Italy to close the gap compared with other economic systems.


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Asian Stocks Drop After JPY Haven Demand Surge

 

Asian equities experienced a decline following a JPY rally after the demand for the safe haven currency increased following various concerns surrounding political events worldwide. The Japanese Topix index decreased after a three-day high as the JPY recorded its highest value since November 2016 last Monday. This recent rally in equities caused by Trump’s policies have started to weaken as most investors are now worried with how the Trump administration plans to balance out its proposed tax cuts and added spending with its protectionist stance on international trade. Adding to risk are some EU countries where anti-establishment organizations are now gaining fuel prior to their respective national elections.

 

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Indonesia Economy Rose to 5.02%

The Gross Domestic Product of Indonesia beefed up by 5.02 percent in 2016 versus 4.88 percent in 2015 based on the report of Central Statistics Agency (BPS) released on Monday. However, the Austronesian nation declined during the Q4 with a year-over-year decrease in GDP by 4.94 percent with the previous 5.02 percent in Q3.

The chief of BPS, Suhariyanto mentioned the government expenditure also dropped to 4.05 percent during the fourth quarter of 2016 followed by a budget curtailment which causes for a slower annual percentage compared with the same quarter in 2015 with an increase of 7.12 percent.

The adjusted public spending regarded as being caused by austerity measures led by the administration of Joko “Jokowi” Widodo with an estimated Rp 137 trillion (US$10.27 billion) trimmed budget.

Furthermore, the figures for imports and exports grew slower with 1.74 percent only while 2.27 percent in 2016 accordingly. Investments mounted to 4.48 percent in the previous year.

The household consumption of Indonesia is considered the largest factor for the country’s GDP reaching 56 percent within the total percentage, the increase is approximately 5.01 percent.


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Positive Reports Indicating Italy's Economic Recovery

 

Italy’s economy is performing well as it grew for the past three months signaling a stabilizing growth pace of the economy as statistics shown. Despite the uncertainty in the first half last year, the country was able to recover supported by the monthly report short-term economic forecasts by the national statistics agency ISTAT.

 

Results were further supported by the improving manufacturing sector, household purchasing power and higher investment. However, the consumer confidence index declines due to the current weak economic condition. On a brighter side, the business confidence has significantly advanced. This was greatly influenced by the manufacturing sector increased by 0.7% In November. Other sectors such as the foreign trade and and Household Consumption climbed by 2.2% and 0.3% respectively in the third quarter last year.

 

This remarkable results coincides with the expectations of the government and optimistic that this will lessen the fiscal adjustment needed from the European Union.

 

 



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The current contest has already started on February 13, 2017 and will end on February 17, 2017.
You can register for the next competition which will take place from February 20, 2017 to February 24, 2017.

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


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Finance Minister Counters the Accusation Against ECB

 

The European Central has been accused of altering the Euro exchange rate and this is being negated by the French Finance Minister Michel Sapin. They are believed to have a goal in completing trading and attain the competitive policy goals by a significant U.S. authority saying that Germany gains an advantage over grossly undervalued Euro for personal gains.

 

Europe should still work harder to achieve former status prior to global financial crisis according to Sapin. Germany has to be more committed to restore into a better condition regarding its investments. At the same time, they are hopeful that the new president of the United States will recognize the significance of the European Union relationship with the United States.

 

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Inflation in China Open Possibilities for Tighter Policies

 

Producer price inflation in China has reached figures higher than expected bringing the price close to six-year highs as price of steel and other raw materials surged while Consumer inflation climbed to a three-year high as fuel and food prices rallied on data released on Tuesday. Both prices producer and consumer are expected to reach 6.3 percent and 2.4 percent, respectively for this year.

 

Some analysts see this price inflation as a short-term rally with rally in the possibility for food prices to be seasonal. Moreover, the increase in price pressure in China has induced speculations of  tighter monetary policy this year to boost economic growth and mainly because of credit risks concerns including leverage in the market.

 

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