Forex-News from forexmart

[SyazamFX]

Fed New York President William Dudley stated that US interest rates are being weighed down by the increasing burden of student loans, and that policymakers should seriously consider implementing free tuition fee rates for college students. In addition, Dudley and several of his colleagues are saying that the US economy has already lost its potential to grow as fast as before the financial crisis in 2008 due to a number of factors, such as a steadily-aging population, diminished spending powers by households, and very dismal productivity growth.

https://www.forexmart.com/my/economic-news/article/503​

 

[SyazamFX]

Brazil Trade Surplus Exceeded Expectations at $7.1B
Tue Apr 04, 2017

The trade surplus for the month of March was recorded to reach $7.1 billion according to the government data of Brazil. It has exceeded the expected output with $6.8 billion surplus according to forecasted poll of Reuters. It was not that influenced even though the beef exports fell because of recent corruption scandal causing a non-permanent ban on imports of China and Hong Kong.

The aggregated exports reached $20.1 billion while imports figure was tallied to $12.9 billion. Beef exports declined by 6.1 percent while both poultry and pork exports increased up to 7 and 33.4 percent respectively in comparison with the statistics in the same month a year ago.​

 

[SyazamFX]

Australia Expected Returns Over $2B Under Tax Avoidance Legislation

The Australian Tax Office intends to pursue multinational companies over seven global business amounting to more than A$2 billion unpaid taxes following the tax avoidance legislation. Although, the company names were not made public. The Multinational Anti-Avoidance Law was implemented in December 2015 to reduce tax evaders particularly for companies that have an annual income exceeding A$1 billion.

Australian Treasurer Scott Morrison commented that they wanted to make sure that large global companies earnings which Australian citizens contributed, pay their fair share of taxes from the Australian government to fund needed infrastructures and other services in the country.

Sumber:https://www.forexmart.com/economic-news/article/516

 

[SyazamFX]

Indian Economy to Accelerate by 7.4%, says ADB


The Indian economy is projected to increase by 7.4% amid the fiscal year 2017-2018 versus its previous growth of 7.1%. The boost occurred due to lift in public investment and demand in consumption goods based on the statement of Asian Development Bank (ADB) on Thursday.
According to the latest 2017 report of Asian Development Outlook (ADO), 2016-17 GDP data failed to obtain the demonetization effects and the decline influenced the continuous slide of investments.
Moreover, ADO anticipates for the consumption to climb higher since there are additional bank notes set in the circulation following the shock withdrawal on highest-valued currencies happened on the 8th of November. The plan for an increase in salary and state employees pension were already implemented.
The ADB further expected the acceleration to 5.2% in the current year till 2018 while 5.4% in the coming 2018-19 considering the economic recovery along with the rebound of commodity prices.

sumber : https://www.forexmart.com/my/economic-news/article/523

 

[SyazamFX]

S. Korean Economy Showed Signs of Economic Improvement
Tue Apr 11, 2017

As stated in the monthly economic assessment report of the government published on Tuesday, the stable surge in investments, exports, and uplift in households consumption has spearheaded the economy and manifested signs for an upturn.
The statistics are based on the most recent economic drivers including the consumption, corporate investment, exports and production that has given some indications concerning the improvement of the country within the past months.
The finance ministry has mentioned that the fast-moving exports led the upside pace of the production sector. While the outgoing cargoes grew more by 13.7 as the fuel products and semiconductor had risen sharply yearly in March. It further indicated a fifth consecutive annual growth which happened for the first time, the last time was recorded on December 2011.
The output for the industrial sector declined by 3.4 percent during January and February, however, it boosted by 6.6 percent a year ago as the car and machinery manufacturing escalated.

The ministry of finance revealed that amid the favorable indications of the sovereign state, the internal and external downside pressure continue to rise in the upcoming months.

sumber : https://www.forexmart.com/my/economic-news/article/534

 

[SyazamFX]

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[SyazamFX]

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[SyazamFX]

Oil Rate Dropped After Failed Attempt in Korean Missile Test
Mon Apr 17, 2017

Following the Easter holiday this weekend and the benchmark increased for three successive weeks, the crude oil dropped on Monday which induces the U.S. to increase its production output but against the OPEC cut its output. This was mainly due to the failed missile launch of North Korea on Sunday.
The benchmark rate declined by 56 cents then it rose by 3 cents at $55.89 per barrel before the market closing prior to the holiday while an additional of 11 oil rigs were established with a now a total of 683 which is the highest in almost two years. Overall, the market trading was tranquil at the start of the week with the London being the center of trading closed for holidays.

Sumber : https://www.forexmart.com/my/economic-news/article/552

 

[SyazamFX]

Sterling Skyrocketed while Stocks Crumbled
Wed Apr 19, 2017
watermarkEconomic news

Sterling was in a spotlight during the Asian trading on Wednesday after Theresa May called for a snap election on June 8 that could give a positive outcome after Brexit. The currency surged more than a six-month high against the greenback while the U.S. dollar recovered a little in the Asian session with a rise of 0.15 percent against other currencies.

Safe-haven bonds continued to strengthen prior to the French presidential election despite raising tension between the U.S. and the North Korea. The dollar has weakened following a drop in U.S. bond yields to a five-month low as much as 2.17 percent.

Equities were pushed to the sidelines as futures are welcomed with losses upon the opening of German and U.K. stock market.

Japan’s nikkei steadied for quite some time but Shanghai.SSEC extended its losses with 1% drop. The Chinese market declined for four consecutive sessions because of tighter policies.

In the commodity market, gold was pulled down up to 0.4 percent to XAU=$1,287.10 an ounce while U.S. Brent crude oil prices dwindled by 16 cents at $54.73 a barrel.

Sumber : https://www.forexmart.com/my/economic-news/article/563

 

[SyazamFX]

New Zealand Inflation Came in Strong in the First Quarter
Thu Apr 20, 2017

The inflation rate of New Zealand soared unexpectedly as much as 2.2 percent in the first quarter which is the top-level over five years. Yet, the central is still committed keeping the interest rates low. Hence, the consumer price index (CPI) hovered in the middle range of the Reserve Bank of New Zealand's (RBNZ) within the 1 to 3 percent target range which they have attempted to lift higher for more than a year. The CPI ascended to 1 percent in the first quarter exceeding the expected 0.8 percent which also transposes the annual growth of 2 percent by analysts.

This hike in inflation was influenced by short-term gains because of high oil and food prices, a tax hike on alcohol and tobacco and the increasing costs of housing construction. The inflation is ascending although at a sluggish pace which keeps the RBNZ heedful according to the senior economist of the Australia and New Zealand (ANZ) bank.

https://www.forexmart.com/my/economic-news/article/568