Forex-News from forexmart

[SyazamFX]

The U.S. Reduces Trade Barriers with Indonesia; Signed a $10B Deal
Fri Apr 21, 2017

The America works towards reducing trade barriers with Indonesia which were the focus during the visit of U.S. Vice President Mike Pence with Jakarta’s Investment Chief.
Indonesia, being one of the 16 countries that will be reassessed of its trade surpluses. Pence said that they aim for a business environment where there will be an ‘equal opportunity’ and market entry. There are too many barriers that hamper local and international industries in trading. Both parties refused to discuss the issue with the recent dispute between them.
They also talked about the fight against terrorism while it has been mentioned in the past that Indonesia has concerns with the entry of its people that are majority Muslims.
On Friday, the $10 billion worth of directive between U.S. companies and Indonesia was signed which opens opportunities for both nations.

https://www.forexmart.com/my/economic-news/article/572

 

[SyazamFX]

Inflation Weighed on the Economy of Britain
Mon Apr 24, 2017
watermarkEconomic news

The British economy has cooled significantly in the months of January to March this year because higher inflation put pressure on disposable incomes. The Office for National Statistics is scheduled to publish the estimated GDP data for the first quarter this Friday.
Great Britain almost forgot the impact of the Brexit referendum on June and had an unexpectedly quick recovery. The growth rates in the third quarter of 2016 reached 0.5% while 0.7 for the last quarter.
Based on the forecast of city economists, the country will experience an arduous year ahead linked with a 0.4$ steep decline on growth during the first three months of 2017.
The country previously earned 0.2% which is considered as the weakest performance in the Q1 of 2016.
Moreover, the sterling became weaker which increased the price for imports and drove the inflation towards its three-year high obtaining 2.3%.

https://www.forexmart.com/my/economic-news/article/578

 

[SyazamFX]

Russia Ranked Third Among Military Spenders
Tue Apr 25, 2017
watermarkEconomic news

Based on a study issued on Monday, the Russian Federation ranked third with high expenditures on the military during 2016. Even though the country experience low-cost in oil and economic penalties due to increase in global expenditure after two successive years
The country’s spending reached $69.2 billion last year which is 5.9% higher in 2015 as shown in the report of Stockholm International Peace Research Institute (SIPRI)
During the year 2015, Saudi Arabia ranked third, however, settled in the fourth place in 2016 after its outlay declined by 30 percent or equal to $63.7 billion. Even if the desert country had a continuous engagement in regional wars.
Moreover, the United States preserved its position as the top spender with 1.7% raise amid 2015-16 to $611 billion. China, on the other hand, had lifted its spending funds by 5.4 percent to $215 billion which is relatively lower.
The total military spending of the Central Europe boosted by 2.4% last year.

https://www.forexmart.com/my/economic-news/article/583

 

[SyazamFX]

Credit Suisse Sets to Raise $4B CHF Rights Offering
Wed Apr 26, 2017
watermarkEconomic news

Credit Suisse bank increased its capital estimated by 4 billion Swiss francs equivalent to 4 billion U.S. dollars through the rights issue in an initial public offering that aims to follow the pace of European competitors. This would bring its CET1 ratio up by 13.4 percent, the pro forma with tier 1 leverage ratio also rose by 5.1 percent supported by the 1Q12 end data including risk-weighted assets and leverage disclosure as mentioned by the released statement of the bank based in Zurich on Wednesday.

The bank gained a net profit of 596 million francs in the first quarter of the year, exceeding the average estimate of Reuters polls, which has been its highest quarterly profit after the restructuring of Credit Suisse chief executive Tidjane Thiam.

https://www.forexmart.com/my/economic-news/article/589

 

[SyazamFX]

China’s Banking Regulators Eased Loan Transfer
Thu Apr 27, 2017
watermarkEconomic news

The policy for non-performing loan transfer was loosened to allow to permit lenders to sell unprofitable debts that are formerly bundled by 10’s which is now by 3’s. This is the most recent action of the China Banking Regulatory Commission (CBRC) to help alleviate the problem of a huge pile of debt because of sluggish economic growth. The idea is the smaller number of the bundle would allow banks to get rid of bad debt at a faster rate.

Margins have been narrowed down following concurrent reduction in interest rates as a mountain of bad debt increases that slowed down the economic growth rate of the country over the past 25 years.

https://www.forexmart.com/my/economic-news/article/596

 

[SyazamFX]

RBA Maintained Current Rates Amid Wage Risks
Tue May 02, 2017
watermarkEconomic news

The Reserve bank of Australia kept their rates unchanged for nine succeeding months on Tuesday which is not surprising following the risks of household debt, meek progress in inflation and wage. The RBA decided to maintained the rates at a rock-bottom of 1.5 percent after the decline in August and May last year while most economists have foreseen that will be sustained this week.

The central bank is sanguine in the economy but maintains a mixed labor market. Although the wages growth anticipated being sluggish for some time. The price inflation lingers above 2 percent in the previous quarter for the first since 2015 although the objective of the RBA is to keep inflation rates below 2 to 3 percent but higher than 3 percent in the next few years.

RBA Governor Philip Lowe mentioned that there is no need for further stimulus since the low cash rates have affected household debt which will not be favorable for the “national interest”.

https://www.forexmart.com/my/economic-news/article/608

 

[SyazamFX]

Singaporean Economy Dropped to 1.9% in 2017
Wed May 03, 2017

Singapore labeled as the Lion City is expected to wrap up the year reaching 1.9% growth in the economy which is a little bit lower compared with the 2% surge in 2016.
Based on the data from the BMI Research, the country was able to expand as it was regarded as an export-oriented economy. The research firm further noted that the external outlook of the sovereign city-state rely largely on the global environment while the global geopolitical climate was expected to sustain an undetermined status as risk branched out due to EU exit, also the possible growth in global trade protectionism
In light of this, a negative impact could hit different sectors in Singapore which could result in a fluctuating economic performance.
While some external uncertainties may further influence the employment projections and increase in wages seems weak during the current reorganization of the labor market.
When it comes to production means, the development looks odd for the three major sectors as the manufacturing beat the previous quarter attaining a 6.6% boost.
BMI deemed that a speculative outlook of the world would weigh on the manufacturing sector of the country, as the small-scale and open countries are becoming dependent on a strong environment due to its economic advancement.

https://www.forexmart.com/economic-news/article/614

 

[SyazamFX]

BI Positive Outlook for 1st quarter GDP Despite Sluggish growth
Thu May 04, 2017
watermarkEconomic news

The economy of Indonesia is anticipated to gain momentum in the first quarter because of growth in exports, although it has a very slow progress pulled down by both lending and consumption reports giving negative results.

Southeast Asia as the biggest economy has a sluggish growth for the past five years until 2015. This is forecasted by some analysts to persist in its median forecast for 2017 with 5.00 percent for the first quarter, a little bit higher than the former 4.94 percent.

The Household consumption holds more than half of the overall GDP of the country and it is anticipated to weaken because of pessimistic retail and automobile data. The country is facing problems when it comes to bad loans that make it difficult for the Bank of Indonesia (BI) to spur the economy. Although, the benchmark eased by 150 basis points and some other lending rules. The current loan growth of the month of February still below the target figure for the year.

https://www.forexmart.com/my/economic-news/article/620

 

[NizamFX]

Thailand’s Strong First Quarter GDP growth
Mon May 15, 2017

The export data of Thailand for first quarter moved at its most rapid *“quarterly pace” in the past four years and eases the monetary policy to support low key investment activities. Although it faces uncertainties with capital outflow and global trading protectionism, the U.S. Fed is taking signifying that it is gaining momentum to recovery.
The agency reduced its monetary projection from 3.0 - 4.0 percentage to 3.3 - 3.8 percentage economic advancement forecasts while its export progress has been elevated to 3.6 percent from 2.9 percent. The rise in exports is mainly due to steep costs of commodities more than the volume of trades.
The central bank retained its key percentage interest rate at 1.50 percent since April 2015 and the upcoming policy review is scheduled on May 24 and expected also kept unchanged. Yet, there is a possibility for the Thai central bank to increase its rates by 25 basis points later in the year because of both sturdy growth statistics and probable augmented U.S. rates.

https://www.forexmart.com/my/economic-news/article/656

 

[xtreamforex.com]

USD/JPY: Buy Yen on Hope – Goldman Sachs
Bloomberg reporting the latest insights from Goldman Sachs on the Japanese election and Yen price-outlook.
Little is yet known about Japan’s

ReadMore:https://www.xtreamacademy.com/2017/10/03/usdjpy-buy-yen-on-hope-goldman-sachs