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  #181  
Old 02-22-2017, 07:16 AM
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Default Re: Economic and company news by ForexMart

February 22, 2017

Singapore-Britain Deeper Collaboration

The sovereign states, Britain and Singapore held yesterday the renewal of their bilateral ties proving their dedication for stronger links with regards to economy and business. The partnership was signed by the countries representatives, Lim Hng Kiang, Singapore’s Minister for Trade and Industry and Liam Fox, the Secretary of State for International Trade from Britain.

Mr.Lim stated that this joint commitment will fight against protectionism and will continue to implement the free and open trade policy. He added that they will further work for an environment that allows for an open global trading.

The arrangement supplemented new programs which involve building trade policy capacity and creating an appointed committee that supports greater collaboration regarding trade and investment of the two countries.
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  #182  
Old 02-23-2017, 04:52 AM
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EUR/USD Fundamental Analysis: February 23, 2017

The EUR/USD pair was somewhat tame during the first part of the trading session as the market awaited the release of the FOMC meeting minutes, which contained information on the sentiment of Fed officials with regards to the international economy as well as their insights regarding the interest rate hike. The pairís bias was obviously on the downside as the pairís value briefly dropped below 1.0500 after consolidating but was able to recover its losses during the latter part of the trading session.

However, the FOMC meeting minutes turned out to be a huge disappointment for the majority of market players as the minutes did not contain the expected intensity of hawkishness after the Fedís officials reiterated that although the central bank is keen on implementing a total of three rate hikes year, they still think that a March rate hike might not be feasible for the market just yet. As a result, the currency pair plummeted through 1.0550 points before settling to trade at just above this particular level.

Now that Fed officials have made it clear that a rate hike is not to be expected this coming March, the market is hopelessly clueless with regards to the actual timing of this particular interest rate hike, especially since some officials are saying that they are not completely ruling out the possibility of a March rate hike. But since the market is very averse to uncertainties such as this, the dollar is expected to continue weakening for the rest of the trading day. The US will be releasing its unemployment claims data today but is not expected to make a significant dent in the marketís lack of volatility.
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  #183  
Old 02-23-2017, 10:29 PM
AppleFX AppleFX is offline
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Default Re: Economic and company news by ForexMart

February 23, 2017

Decline in Australiaís Business Investments

Business investments in Australia dropped for the fourth straight quarter as miners lessened while other sectors had increased their plan for expenditures for the year giving a hint of recovery. On Thursday, the report from the Australian Bureau of Statistics showed the decline up to 2.1 percent for the fourth quarter amounting to A$27.6 billion equivalent to $21.18 billion, higher than the expected downturn of 1 percent.


This was mainly influenced by the mining sector where spending has declined by 9 percent despite the recent increase in investments in the manufacturing sector. Even if the expenses on equipaments, factories and machineries which could boost the economy, were not sufficient after an unexpected decline in the last quarter. It is anticipated for figures to reach 0.6 to 0.7 percent economic growth in reports next week.
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  #184  
Old 02-23-2017, 10:49 PM
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Default Re: Economic and company news by ForexMart

February 23, 2017

Venezuelan Food Expenses Affected by the Economic Crisis

A couple of years later the negative growth in the economy of Venezuela continues which brought about depressing stories regarding scarcity and difficulties every month. A particular news was published that according to the yearly national survey, almost three-quarters of the citizens stated for suffering weight loss with an average of 19 pounds during 2015 up to 2016.

The National Survey of Living Condition were supervised by three major universities in the country together with other groups of researchers. Further results include that respondents cut their meals and apt to ate less than 2 meals per day with a percentage rate of 11.3 in 2015 up to 32.5 percent in the previous year with an equivalent of 9.6 million individual.

The economic tailspin in Venezuela started in 2014 due to recession in oil prices worldwide coupled with the unexpected government fiscal policy and excessive dependence towards imports which caused the economy to make an abrupt stop.
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  #185  
Old 02-23-2017, 11:25 PM
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Default Re: Economic and company news by ForexMart

February 23, 2017

Fed Officials Not Too Eager on Implementing Rate Hike in March

Contrary to the general market sentiment, the FOMC is not so keen on raising interest rates this coming March and might wait until such time that the market feels right enough to actually implement a rate hike. The central bank is more keen than ever to implement at least three interest rate hikes this year but its officials are not losing their patience just yet to actually impose a rate hike anytime soon. However, this could change depending on the release of subsequent economic data in the coming days, as these will become indicators on whether there is an actual need for an interest rate hike from the Fed.
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