forex software

Create and Test Forex Strategies

forex software

Skip to forum content

Forex Software

Create and Test Forex Strategies

You are not logged in. Please login or register.


(Page 3 of 23)

Forex Software → Forex Brokers → ForexMart's Forex News

Pages Previous 1 2 3 4 5 23 Next

You must login or register to post a reply

RSS topic feed

Posts: 51 to 75 of 564

Re: ForexMart's Forex News

25.12. China says it is in close touch with U.S. on trade deal

US President Donald Trump and President Xi Jinping of China announced that the first phase of a comprehensive trade agreement has already been concluded, and now the necessary documentation is being finalized and translated. Moreover, the heads of two countries plan to hold a ceremony of signing the first stage trade agreement.

Foreign Ministry Spokesperson Geng Shuang also confirmed that the parties are in close contact and they effectively interact in resolving and discussing various issues.

The signing ceremony will take place in early 2020. The representative of the Commerce Ministry of China said that details of the terms of the deal will be made public only after the formal signing of the agreement.
http://forex-forum.979393.n3.nabble.com/file/n4027568/news.jpg

Re: ForexMart's Forex News

26.12. Oil is on the way to new highs

Oil prices continue their upward movement. Growth is supported by expectations of a Washington and Beijing trade deal, as well as data on a decrease in US inventories.

Futures for Brent crude this morning are trading at $67.40 per barrel. February quotes for WTI crude oil are $61.35 per barrel.

According to the American Petroleum Institute data (API), US commercial oil inventories fell 7.9 million barrels last week. API is a private company that receives information from refinery operators, oil storage facilities and pipelines on a voluntary basis. However, these statistics do not always coincide with official data from the US Department of Energy. This data will be released this week on Friday.

We also note that on Wednesday the market was closed in connection with the celebration of Catholic Christmas. The oil market continues to get support from the optimism about the trade agreement between the US and China. US Treasury Secretary Steven Mnuchin confirmed that an agreement with China will be signed soon.

Analysts note that oil prices are likely to change little over the next year, as OPEC+ actions to reduce production will be balanced by production growth in other countries, and the prospects for demand are still unclear. Experts predict a rise in oil prices in the middle of the year amid rising demand from developing countries and OPEC+ measures.
http://forex-forum.979393.n3.nabble.com/file/n4027573/brent.jpg

Re: ForexMart's Forex News

27.12. Russian authorities are considering the possibility of exit from the OPEC +

The head of the Ministry of Energy of the Russian Federation, Alexander Novak, said that the Russian authorities will soon consider the issue of a possible withdrawal from the OPEC+ agreement.

Despite the effectiveness of the deal to reduce global oil production, A. Novak believes that Russia will need to gradually make a decision to exit in order to maintain market share and enable Russian companies to implement their promising projects.

The minister also noted that the market responds very well to such agreements to reduce production: volatility has decreased, investment in the industry has returned, and current oil prices satisfy both producers and consumers.

At the moment, the agreement provides for a reduction in production by 1.2 million barrels per day from the level of October 2018 until the end of 2019 and by 1.7 million barrels – in the first quarter of 2020.
http://forex-forum.979393.n3.nabble.com/file/n4027576/news.jpg

Re: ForexMart's Forex News

30.12. Beijing authorities urged to abandon cryptocurrency trading

Several municipalities in Beijing, including the Financial Supervision and Administration Service, the People’s Bank of China Business Administration Division, the Banking and Insurance Regulatory Service, and the Securities Market Regulatory Service, have called on businesses to abandon cryptocurrency trading activities.

The regulatory authorities noted that some cryptocurrency platforms have already seriously violated the rules prohibiting ICOs issued in 2017. Moreover, the institutions called on Chinese companies to impede the promotion of cryptocurrency projects and platforms, as well as to report on all violations of the relevant rules.

It is worth noting that such policy of the Chinese authorities is conducted in parallel with the development of a national cryptocurrency. As you know, the People's Bank of China is preparing to test the electronic payment system in digital currency (DC / EP) in the cities of Shenzhen and Suzhou.

Seven state enterprises were selected as a platform for testing the digital renminbi: four commercial banks and three telecommunications giants (China Mobile, China Telecom and China Unicom). The pilot program will affect the field of transport, education, trade and medical services.
http://forex-forum.979393.n3.nabble.com/file/n4027585/%D0%BD%D0%BE%D0%B2%D0%BE%D1%81%D1%82%D0%B8.jpg

Re: ForexMart's Forex News

31.12. Experts predict global economic growth in 2020

Analysts positively assess the prospects for the development of the global economy in 2020.

Economists expect the active phase of the US-China trade war to end and consumer spending to remain high, which will contribute to economic growth despite low investment in business.

According to Goldman Sachs experts, the risk of a global recession will decrease and unemployment will drop to the lowest level since the Korean War. In 2020, the global economy will reach 2.25–2.5%, while the unemployment rate will reach 3.25% by the end of the year.

Analysts also expect key Fed rates to remain unchanged. Regulatory officials made it clear that a significant and constant increase in inflation was needed before considering the issue of raising rates.
http://forex-forum.979393.n3.nabble.com/file/n4027588/news.jpg

Re: ForexMart's Forex News

07.01. Gold rolled back from seven-year highs

On Tuesday, the price of gold in Asia fell back from seven-year highs in the $1,582.59 area after tensions in the Middle East declined slightly. Earlier, the metal demonstrated skyrocketing amid the news of escalating tensions in the US and Iran after the assassination of Iranian General Qassem Suleimani by the US military. Today, gold prices fell to around $1,558.45 per troy ounce.

According to experts, the reduction of geopolitical risks occurred due to the lack of an immediate response from Iran. In addition, some profit taking is observed in the markets.

However, market participants continue to exercise caution in their actions. We believe that the conflict between the United States and Iran is at its starting point, so further measures by Tehran and Washington could significantly aggravate the situation.
http://forex-forum.979393.n3.nabble.com/file/n4027600/news.jpg

Re: ForexMart's Forex News

08.01. US Senate Profile Committee approves USMCA Trade Agreement

The United States Senate Committee on Finance has approved the U.S.-Mexico-Canada Trade Agreement Implementation Act (USMCA). The document was adopted by a majority vote (25 votes in favor / 3 against).

A further trade agreement process will include a vote in the US Senate and the final signature of President Donald Trump. Previously, the agreement was approved by the House of Representatives.

The revised agreement includes the rules for participants to access the domestic markets of the three countries, tariffs and some labor laws. The new standards are expected to enter into force in June 2020.

Recall that work on revising the provisions of the North American Free Trade Agreement began in 2017. The parties faced many contradictions and conflicts during the negotiations between the USA, Canada and Mexico.
http://forex-forum.979393.n3.nabble.com/file/n4027604/news.jpg

Re: ForexMart's Forex News

09.01. U.S. weekly jobless claims fall, ranks of unemployed swelling

According to the US Department of Labor, the number of Americans applying for unemployment benefits for the first time fell to the lowest level in 5 weeks. The indicator decreased by 9 thousand – up to 214 thousand. A week earlier, the number of applications was 223 thousand.

Analysts predicted that the number of applications will decrease by only 3 thousand -– up to 220 thousand.

The average number of applications for unemployment benefits over the past 4 weeks (a less volatile indicator) decreased from 233.5 thousand to 224 thousand. The number of people continuing to receive unemployment benefits increased by 75 thousand – to 1.803 million, which was the highest since April 2018.
http://forex-forum.979393.n3.nabble.com/file/n4027607/news.jpg

Re: ForexMart's Forex News

10.01. U.S. job growth slows in December, unemployment rate steady at 3.5%

According to the Labor Department data, the U.S. economy has shown less job growth outside the agricultural sector (Nonfarm Payrolls), as the jobs market cooled at the end of 2019.

The number of new jobs rose only 145 thousand in December, while analysts had expected an increase of 164 thousand.

The unemployment rate remained stable at 3.5%, as predicted. The average hourly earnings for the month rose 0.1% compared with growth expectations of 0.3%.
http://forex-forum.979393.n3.nabble.com/file/n4027612/news.jpg

Re: ForexMart's Forex News

13.01. UK industrial production drops 1.2% in November

According to the UK Office for National Statistics, industrial production in the country in November fell by 1.2% compared to October. In annual terms, industrial production decreased by 1.6%.

Fresh data were worse than analysts' forecasts. In particular, experts predicted that industrial production in the reporting month decreased by 0.1% on a monthly basis, and on an annual basis – decreased by 1.4%.
http://forex-forum.979393.n3.nabble.com/file/n4027615/news.jpg

Re: ForexMart's Forex News

14.01. US consumer prices increase by 2.3% in December

According to the US Labor Department, consumer prices in December rose 2.3% year-on-year; on a monthly basis, inflation was 0.2%. The annual indicator coincided with the analysts’ forecast, and the monthly indicator was expected at the November level of 0.3%. In November, consumer price growth accelerated by 2.1%.

Core inflation (excluding food and energy prices) in December year on year amounted to 2.3%, which coincided with analysts' forecasts. On monthly terms, a deflation of 0.1% was recorded.

This data may allow the Federal Reserve to keep interest rates unchanged for at least this year.
http://forex-forum.979393.n3.nabble.com/file/n4027621/news.jpg

Re: ForexMart's Forex News

15.01. Eurozone industrial production rose 0.2% in November

According to Eurostat data, Eurozone industrial production rose in November for the first time in three months.

Industrial production rose 0.2% in November on a monthly basis, while the October figure fell -0.9%. Nevertheless, the current indicator was still worse than analysts' forecasts, expecting growth of 0.3%.

Production of capital goods rose by 1.2% and energy by 0.8%, while production of intermediate goods fell by 0.5%, non-durable consumer goods by 0.7% and durable consumer goods by 0.8%.

On an annualized basis, industrial production fell by -1.5% in November against a fall of -2.6% in October. Experts forecasted a decline of -1%.

In all 28 countries of the European Union, industrial production dropped -0.1% in monthly terms and by -1.3% in annual terms.
http://forex-forum.979393.n3.nabble.com/file/n4027625/%D0%BD%D0%BE%D0%B2%D0%BE%D1%81%D1%82%D1%8C.jpg

Re: ForexMart's Forex News

16.01. U.S. and China sign phase one of trade deal

The ceremony of signing the agreement on the first phase of the trade dispute between the US and China took place last night. US President Donald Trump and Vice Premier of the State Council of China Liu He met at the White House in Washington.

The heads of states noted that trade negotiations were tough, but honest. At the meeting, a letter by Chinese President Xi Jinping was presented, in which it was noted that this agreement «is useful for China, the United States and the whole world».

The first phase of the deal suggests that China will increase US imports of at least $200 billion during two years. In exchange for this, the States will slightly reduce some duties and will not introduce additional measures in relation to China. However, the full range of duties on Chinese goods will not be canceled in the first phase, and the further fate of the tariffs will be discussed at the negotiations on the second stage of the trade deal.

Despite the fact that this agreement did not solve the key problems in trade relations between the US and China, it significantly reduced the degree of tension in world markets.
http://forex-forum.979393.n3.nabble.com/file/n4027630/%D0%BD%D0%BE%D0%B2%D0%BE%D1%81%D1%82%D1%8C.jpg

Re: ForexMart's Forex News

17.01. China’s GDP grows at slowest pace in 29 years

According to the official forecast of the National Bureau of Statistics of China, GDP growth in the IV quarter of 2019 amounted to 6.0% in annual terms, which coincided with analysts' expectations and the previous value of the indicator for the III quarter. The gross domestic product of China in 2019 amounted to 99,086 trillion yuan ($14.4 trillion).

Experts note that the growth rate of the second largest economy in the world continues to be kept near a minimum for almost 30 years while the country’s birth rate fell to a record low. The reason for this was sluggish demand at home and abroad, as well as pressure in the trade from the United States.

For the whole of 2019, the Chinese economy grew by 6.1%, a minimum of 29 years. A year earlier, GDP growth was 6.6%. However, the current indicator is still within the range set by the government at 6-6.5%.
http://forex-forum.979393.n3.nabble.com/file/n4027638/news.jpg

Re: ForexMart's Forex News

20.01. Oil jumped to a maximum in more than a week amid closure of fields in Libya

The price of oil today rose to more than a weekly maximum after the shutdown in two large fields in Libya, which could drastically reduce supplies from an OPEC member country.

Brent futures rose 1.23% to $65.65, previously reaching $66.00 per barrel, the peak since January 9. Futures for WTI crude oil rose 1.11% to $59.50 a barrel.

Before, the Libyan National Oil Corporation (NOC) reported that two large oil fields in the south-west of the country began to suspend operations after the forces of the Libyan National Army blocked the pipeline. If export from Libya is suspended for a long period, oil production may slow down to 0.8 million barrels per day. Recently, Libyan production was at 1.2 million barrels per day.
http://forex-forum.979393.n3.nabble.com/file/n4027646/brent.jpg

Re: ForexMart's Forex News

21.01. Global stocks fall amid fears of new virus in China

Chinese and European stocks show a decline amid concerns about the spread of a new coronavirus in China. The virus, which broke out at the beginning of the year in the Chinese city of Wuhan, has already spread to many cities of the country and claimed the lives of several people.

The Shanghai Composite index fell 1.4%, hitting its lowest level for the year, while the blue-chip CSI300 index fell 1.7% to a two-week low. Both benchmarks lost all the growth caused earlier by the signing of the first phase trade agreement between the US and China. In particular, shares of airlines, movie theater operators and casinos fell. At the same time, the quotes of drug manufacturers increased.

European stocks are also getting cheaper. The Stoxx Europe 600 Index fell 0.75%. Shares of LVMH Moet Hennessy Louis Vuitton SE fell 2.7%, Burberry Group – 3.43%, and Compagnie Financiere Richemont shares fell 3.4%.
Chinese President XI Jinping said that the authorities intend to make containment of the epidemic a top priority, which drew the attention of investors to the seriousness of the crisis situation.
http://forex-forum.979393.n3.nabble.com/file/n4027659/news.jpg

Re: ForexMart's Forex News

22.01. US intends to cut a middle-class tax

During an interview with The Wall Street Journal at the World Economic Forum in Davos, U.S. President Donald Trump said his administration is working on a middle-class tax cut proposal that will come into effect if he is reelected and Republicans gain full control of Congress.

Thus the president declined to provide any details but said that the plan will be announced in 90 days. “We are going to lower taxes for the middle class, very much,” Trump said in his speech.

In 2018, Trump had already promised to lower taxes for the middle class by 10% shortly before the midterm elections in 2018, but this plan was never implemented. Last year, similar promises also took place.
http://forex-forum.979393.n3.nabble.com/file/n4027663/%D0%BD%D0%BE%D0%B2%D0%BE%D1%81%D1%82%D0%B8.jpg

Re: ForexMart's Forex News

23.01. ECB holds rates unchanged

Today, the European Central Bank (ECB) held a meeting, following which the regulator left key interest rates at the same levels, and began reviewing its strategy for the first time since 2003.

The ECB kept the interest rate on loans at zero, the deposit rate was left at -0.5% per annum, and the margin rate – at 0.25% per annum. Central Bank officials noted that the ECB's key interest rates will remain at their current or lower levels until inflation approaches the regulator's target level (just below 2%).

The ECB also announced the continuation of net asset purchases under the QE program, resumed from November 1. The asset purchase volume is € 20 billion per month.

At a press conference held by ECB President C. Lagarde after the meeting, the first revision of the European regulator’s strategy since 2003 was announced. The review will continue throughout most of the year and will cover a wide range of issues, from inflation targets to digital money and combating climate change.
http://forex-forum.979393.n3.nabble.com/file/n4027668/news.jpg

Re: ForexMart's Forex News

24.01. Eurozone business activity index unchanged in January

According to preliminary data from the Markit Economics Research Organization, the composite index of business activity in industry and services (PMI) of 19 Eurozone countries in January remained at the mark 50.9 points. The indicator coincided with the data for December and turned out to be worse than analysts' forecasts (growth to 51.2 points).

Despite the decline, the indicator remains slightly above level 50, which separates the expansion from the reduction.

IHS Markit Associate Director Andrew Harker said that recent data suggests that the eurozone economy again failed to capture an increase in growth. The manufacturing PMI was 47.8 and has remained below 50 for the 12-th consecutive month, although it has grown compared with 46.3 in December and well above the 46.8 forecast.
http://forex-forum.979393.n3.nabble.com/file/n4027672/news.jpg

Re: ForexMart's Forex News

27.01. Experts: China's GDP growth in I quarter may slow down below 6% due to the outbreak of pneumonia

Experts note that due to the outbreak of pneumonia in China, the growth rate of the Chinese economy may slow down below 6% in the first quarter of 2020. The risk of a slowdown in GDP growth is observed amid the expected fall in consumer spending due to the current situation in the country.

The Chinese authorities in the past couple of years have relied on the development of the consumer sector, hoping that it will become the main engine of economic recovery. However, in the context of the rapidly spreading epidemic of the deadly virus, Chinese people refrain from visiting shops and public places.

Many key segments of the service sector, such as theaters, museums, and exhibitions that can attract many customers during the New Year's Eve on the Lunar calendar, have almost stopped working. In addition, in many cities, local authorities decided to suspend the operation of urban and suburban transport.

«The PRC’s economy had difficulties even before the outbreak of pneumonia, and such a large-scale crisis in the healthcare sector poses a threat of a more significant weakening of growth,» said economist Chen Gong. The expert believes that the current epidemic may cost China more than 40 billion yuan ($5.77 billion), which will take away about 1 percentage point from the country's GDP growth in 2020.
http://forex-forum.979393.n3.nabble.com/file/n4027680/news.jpg

Re: ForexMart's Forex News

28.01. OPEC wants to extend production cuts until June due to virus in China

OPEC representatives said the organization is ready to extend the current decline in oil production until June, if the spread of the new coronavirus significantly affects the demand for oil in China. At the same time, the possibility of increasing the volume of production reduction is considered.

The sharp drop in oil prices observed recently worries OPEC officials. Representatives of many participating countries have already begun to consider their own options for resolving the situation and have intensified their internal discussion of how best to respond to falling prices.

At the same time, experts predict a longer extension of measures to reduce global oil production. The possibility of extending the agreement until the end of 2020 is not excluded.
http://forex-forum.979393.n3.nabble.com/file/n4027683/brent.jpg

Re: ForexMart's Forex News

29.01. Germany raises 2020 growth forecast slightly to 1.1%

The German government raised its forecast for GDP growth for 2020 and promised to create all conditions for the influx of investments into the country in order to maintain the competitiveness of Europe’s largest economy.

According to the forecast, this year German GDP growth will amount to 1.1%. Such expectations coincided with forecasts of the International Monetary Fund, presented last week.

It is noted that last year, the German economy grew by only 0.6%, at the lowest rate since 2013. Experts note a significant slowdown in the country's economic development compared to a 1.5% rise in 2018. The reason for this was a slowdown in the global economy, trade tensions and uncertainty regarding Brexit.

Germany predicts high consumer spending and export growth, while trade is still a serious risk due to the potential imposition of U.S. duties on European cars. The German government also outlined a spending plan that would allocate more than €160 billion by 2023 in the areas of digital infrastructure and transport.
http://forex-forum.979393.n3.nabble.com/file/n4027691/news.jpg

Re: ForexMart's Forex News

30.01. Interest rates left at 0.75% amid signs of rebound for UK economy

Today, the Bank of England held a meeting, at which left rates unchanged at 0.75%. Representatives of the Central Bank noted that there is no need for additional incentive measures, as the British economy began to show signs of accelerating growth. At the same time, two out of nine Bank of England officials, Michael Saunders and Jonathan Haskell, again voted to lower rates.

The regulator also said that it was ready for changes in monetary policy after the departure of Central Bank head Mark Carney in March. His place will be taken by Andrew Bailey, head of the Office of Financial Regulation and Supervision.

If the British economy continues to show a visible acceleration of growth, it may require «some modest tightening» of monetary policy, said the representatives of the Bank of England.
http://forex-forum.979393.n3.nabble.com/file/n4027698/news.jpg

Re: ForexMart's Forex News

31.01. Annual inflation in the Euro zone accelerated to 1.4 in January%

According to the European statistical Agency Eurostat, annual inflation in the 19 countries of the Eurozone in January, according to a preliminary estimate, accelerated to 1.4% from the level of 1.3% in December. The indicator coincided with the forecasts of analysts polled by Reuters.

A year earlier, in January 2019, annual inflation in the Eurozone was also 1.4%.

Core inflation in January, according to preliminary estimates, was 1.1% compared to 1.3% in December. Analysts were expecting a reading of 1.2%.
http://forex-forum.979393.n3.nabble.com/file/n4027704/news.jpg

Re: ForexMart's Forex News

03.02. The index of business activity in the manufacturing sector in Germany in January amounted to 45.3

According to the final data of the research organization IHS Markit, the index of business activity in the manufacturing sector of Germany (PMI Manufacturing) in January amounted to 45.3 points. Preliminary data were noted at the level of 45.2 points. Experts expected both indicators to match.

The index of purchasing managers in the manufacturing sector of the eurozone's largest economy rose from the December level of 43.7, reaching the highest level in 11 months.

The manufacturing PMI of all 19 eurozone countries in January showed growth from 46.3 to 47.9, peaking since April 2019.
http://forex-forum.979393.n3.nabble.com/file/n4027709/news.jpg

Posts: 51 to 75 of 564

Pages Previous 1 2 3 4 5 23 Next

You must login or register to post a reply

Forex Software → Forex Brokers → ForexMart's Forex News

Similar topics in this forum