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ECB Expected to Hold Interest Rates on Thursday

 

The head of European Central Bank (ECB), Mario Draghi is possible to make a soft step since the ECB give way for stopping the monetary stimulus efforts on Thursday.

 

Experts assumed it will almost certainly happen that the bank will begin to trim down its €60 billion (US$69 billion) worth of monthly bond purchases, following the initial termination schedule in December. However, they are not expectant that Draghi will provide the blueprint for the exit during the news conference on Thursday.

 

The central bank is predicted to maintain its interest benchmark at zero and further clarification on the timeline for stimulus withdrawal is anticipated at the meeting on September 7.

 

Moreover, the markets had an intense reaction, sending support for the single European currency to move higher and reached US$1.15 initially since May last year while the bond prices decline. This quick decision reflects that there are still some market players that remains not yet ready for the stimulus to end. For this played a major role in buoying the economy of the eurozone through controlling the interest rates.

 

The market reaction triggered the “taper tantrum” which is accompanied by a speech from Ben Bernanke, head of US Federal Reserve, in May 2013.

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Major Central Banks Policies Turn Hawkish Forecast

 

There is a big expectation for major central banks not to implement easing of monetary policy despite of small hints in the momentum of inflation as shown in the poll from Reuters. At the same time, it implies that there is a momentum on analysts particularly to Europe, India, and China that represents about 40 percent of the total population worldwide. They predicted that the global economy will get improve rather than “worse” next year.

 

Although, there is still economic risks amid a decade of monetary stimulus has passed and

aggregated asset purchases for a total of $15 trillion. Growth forecast has improved to 3.6 percent in 2018 from the current 3.5 percent for 2017. Yet, inflation prediction is declined than last year were greater than half of the central banks polled are foreseen to cut rates or tighten it.

 

In September, the Fed is presumed to curtail its $4 trillion worth of portfolio bonds and rate hike for the third time by the last quarter of the year while the European Central Bank plans to tighten its monetary policy after an “ultra-easy” policy actions rooted on the progress of the economic growth.

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IMF Cut Growth Forecast for US Economy

 

The International Monetary Fund downgraded its growth outlook for the United States due to concerns regarding Trump’s capacity to carry out his promises to the economy to stir the American economy.

 

Although the Washington-based organization provided a positive forecast in April, they had trim it down to 2.1 percent for this year and based on earlier projections for 2018, the US economy will gain 2.3 and 2.5 percent growth.

 

While the global growth was held at 3.5 percent in 2017 and 3.6 percent for the next year according to the prediction of IMF managing director Christine Lagarde and described it as "quite well anchored".

 

However, based on the World Economic Update, the IMF mentioned about the uncertainty towards the policies of President Donald Trump since it is a major factor in the leery growth projections for the US.

 

Pres. Donald Trump got the presidential position six months ago, citing his plans about tax reductions, looser regulation and major infrastructure spending which triggered a rally on Wall Street. But the policies were stalled in the US Congress as the government continues to battle over other issues, like health care reform.

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Growth in UK Film Industry Lift Economy in Q2

 

The British economy was able to accelerate slightly during the second quarter after a lackluster growth at the beginning of 2017. The little speed of Britain is driven by the services sector and the breakthrough in the film industry, as indicated in the official data showed on Wednesday.

 

This quarter gained 0.3 percent growth compared with the 0.2 percent recorded in the Q1, the results could possibly trigger expectations that the Bank of England will maintain the interest rates steady next week with a record low level.

 

In 2016, the economy of Britain increased by 1.8 percent which is the fastest, compared with other seven largest major advanced economies in the world, regardless of the rampant projections about recession after the Brexit vote. However, the referendum caused an extensive decline towards the value of the pound and moved the inflation up, gnawed at the disposable income of consumer this year.

 

The services sector alone is the economic growth driver for the Q2 and supported the retailers, motion picture activities and hotels and restaurants.

 

According to the Office for National Statistics (ONS), the fast-growing film industry of UK rose by 72 percent on 2014, which likely raise tax credits proposed by the former finance minister George Osborne. Moreover, the movies released from April to June also helped.

 

On Monday, the International Monetary Fund cut its 2017 economic forecast for the United Kingdom, showing predictions of 1.7 percent expansion versus with the 2.0 percent earlier estimate. But foresees a decline to 1.5 percent next year.

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Japan Household Spending Grew 2.3% in June

 

Japan’s household expenditure in the previous month accelerated most in 2015 since the available jobs heightened to its fresh 43-year highs. This shows that as the labour market tightens, it helps push wages and consumer spending up in a gradual pace.

 

Last week, the BOJ retained its monetary policy, however, pushed back again to reach its price goal, underlining the gap between the weak inflation and steady growth. And further emphasized that it may take some time to scale down its massive stimulus.

 

The Japanese economy grew at an annualized 1.0 percent earlier this year, indicating a consecutive growth for the fifth time on strong exports and expansion in personal consumption.

According to analysts, the domestic demand is the main driver for a sustained growth in net exports but would probably reduce growth in GDP for the second quarter.

 

The positive signs for household consumption consist of 60 percent of the economy and gained 2.3 percent in the year until June, that jumped for the first time after 16 months and acquired the largest annual gain in August 2015. While the median estimate of the economists is 0.6 percent which is further based on the polled data of Reuters by the Ministry of Internal Affairs and Communications issued on Friday.

 

Moreover, the retail sales gained 2.1 percent in the year to June as shown in another set of data.

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  • 2 years later...

Please note the changes in trading schedule due to US Veterans Day

Dear traders!

Please note some changes in the schedule of trade in observance of the Bank Holiday on Veterans Day. This holiday, originally known as Armistice Day, is a federal holiday in the United States observed annually on November 11, for honoring military veterans. 

We draw your attention, that trading metals and CFDs on shares of American companies will be unavailable all day long. Please take this information into account when trading.

The schedule will be back to normal from the following day.
For more information, please contact our support team.

Best Regards,
ForexMart team.
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  • 3 weeks later...

Thanksgiving is just around the corner!

Warm Thanksgiving wishes to our traders this holiday season! 

We’re thankful for all of our clients! Thank you for being a part of our effective interaction this year. And we hope your day is filled with love, laughter and gratitude. Happy Thanksgiving!

And now we want to draw your attention to some changes in the schedule of trade on the November 28 in observance of this happy holiday. Please note, that trading metals and CFDs on shares of American companies will be unavailable all day long. 

The schedule will be back to normal from the following day. Please take this information into account when trading.

Wishing you a happy and festive Thanksgiving with all your family and friends!

Sincerely,
ForexMart team
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  • 2 weeks later...
Improvement of trading conditions for Metals
 
ForexMart keeps constantly improving to provide its clients with the best conditions of trade. So, this time we draw your attention to some upgrade in the terms of trade in metals on floating spread accounts: Classic, Pro and Cent. 
 
In the period from 9 to 15 December a planned updating of conditions for trading Metals will be carried out. After the upgrade, Metals symbols will become available for trading with lower floating spreads.
 
Please note that changes may affect open positions, therefore, we recommend that you close current metal positions by the specified date. Moreover, consider these changes when planning new deals according to your trading strategy. 
 
Sincerely yours, 
ForexMart team
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Technical works on upgrading Metal symbols were successfully completed

Dear clients, 

We draw your attention to the fact that the company successfully modernized Classic, Pro and Cent accounts and transferred them to updated conditions for Metal trading.

Since now, after the upgrade, Metals symbols are available for trading with lower floating spreads. Also please note new designations of trading instruments:

GOLD.m 
SILVER.m
XAUUSD.m

Stay with us to get more benefits from trading.

Sincerely yours,
ForexMart team
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  • 2 weeks later...
ForexMar launched support for deposit by Bitcoin
 
Dear ForexMart customers and partners!
 
We are happy to inform that we launch Bitcoin as a new payment method. Now you can deposit your trading account by simple Bitcoin-transaction.
 
ForexMart have implemented this technology due to numerous requests from trypto traders. We hope that this will make your trading even more convenient and efficient.
 
We also remind you that our company provides an opportunity for profit on the change in the exchange rates of main crypto relative to the US dollar.
 
These financial Instruments are available for trading 24 hours a day, 7 days a week:
 
Bitcoin,
Bitcoin Cash,
Ethereum,
Litecoin,
Ripple.
 
You can trade using the web-terminal, as well as the multifunctional MT4 application, which is trusted by most traders in the world. Let's celebrate the new year with new technologies!
 
Thank you for choosing us,
ForexMart team.
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Trading schedule for Christmas and New Year's 2020
 
Dear clients,
 
ForexMart wishes you Merry Christmas and Happy New Year!
 
Let luck and success accompany your trade, and the new year will bring financial stability and prosperity!
 
Please note that in observance of the upcoming Christmas and New Year's holidays, there will be temporary changes to ForexMart trading schedule. 
 
December 24 – markets work time: 00:00 – 20:00;
December 25 – markets are closed;
December 26 – markets work on a regular schedule, opening at 01:00;
December 31 – markets work time: 00:00 – 20:00;
January 1 – markets are closed;
January 2 – markets open later than usual, at 6.00 a.m.
 
The schedule will be back to normal from January 3, 2020.
 
If you have any questions or concerns about these changes, please don’t hesitate to contact our support team.
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ForexMart wishes you Merry Christmas and Happy New Year!
 
Dear Clients,
 
New Year is a time of summing up and beginning of new achievements. And we are proud to say that this year has brought great results: many innovations have been launched and trading conditions and services have become even more convenient and profitable.
 
We have made a really good job, together with you, our clients. We offered new services for more successful trading, such as CopyTrading system, gave the opportunity to get more profits with new ultra-low spread accounts and made your trading more comfortable with a wide range of new payments methods.
 
And now we want to thank you for being a part of our effective interaction this year. We wish you happiness, love and good health in the coming year of the Metal Rat. Let luck and success accompany your trade, and the new year will bring financial stability and prosperity!
 
Merry Christmas and Happy New Year!
 
Sincerely yours,
ForexMart team
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  • 2 weeks later...
Note the changes in trading RUB symbols due to Orthodox Christmas
 
Dear traders!
 
Please note some changes in the trading hours in observance of the national holiday in Russia on Orthodox Christmas.
 
We draw your attention to the fact that trading RUB will be unavailable all day long on January 7. Please take this information into account when trading.
 
The schedule will be back to normal from the following day.
For more information, please contact our support team.
 
Best Regards,
ForexMart team.
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  • 2 weeks later...

Note the changes in trading hours on January 20, 2020

Dear traders!

Please pay attention to some changes in trading hours due to the celebration of Martin Luther King Day, a national holiday in the US.

On Monday, January 20, spot metals (GOLD, SILVER, XAUUSD) and US CFDs trading will be closed earlier than usual at 08:00 p.m. 

Trading hours for other financial instruments remain unchanged. However, there can be low liquidity on the market during that period. Trading schedule will be back to normal from the following day.

If you have any questions, do not hesitate to contact our Support Service.
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  • 2 weeks later...

Swaps for some trading instruments are changed

Dear clients and partners, 

Please pay attention to changes in swaps for the following groups of trading instruments:

Forex currency pairs (both with floating and fixed spreads);
stock CFD;
CFD on metals.

For details check the table of Financial Instruments:
https://www.forexmart.com/financial-instruments

Hopefully, the following changes will help you to improve your trading results.

Sincerely, 
ForexMart team
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  • 2 weeks later...

ForexMart launches GBP accounts

Dear traders, 

We are glad to inform you that Classic and Pro accounts are now available for trading in British currency (GBP). This will allow you to make payments faster, as well as deposit and withdraw funds directly in pounds without conversion.

We do our best to make your trade even more convenient and profitable.

Respectfully,
ForexMart Team
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  • 2 months later...

Beware of fraudsters!

Dear Clients, 

We want to draw your attention to the fact that there are more and more web sites appearing on the network that are copies of the company's official website. Be careful, do not register on such resources and avoid sending any personal information (phone numbers, bank card details).

In particular, we warn you against visiting forextreegains.com – this scam resource has nothing to do with ForexMart! 

Our experts have taken additional security measures and a specific case of fraud is being investigated.

Please keep in mind that the official website of the company is www.forexmart.com

We wish you a successful trading,
ForexMart Team
frauds10.jpg
 

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  • 3 weeks later...

ForexMart wishes you Happy Ramadan!

The holy month of Ramadan is a special time for all Muslims – the time of purification and testing of fortitude. We heartily congratulate all Muslim traders of ForexMart on this blissful holiday. 

We wish you peace of mind, prosperity in the family, strong faith and only good deeds.

May the Spirit of Ramadan warm your heart and lead you to happiness!

Best regards,
ForexMart team
827967778.jpg
 

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  • 2 weeks later...

Note the trading schedule changes due to Memorial Day in the US

Dear traders!  

Please pay attention to some changes in trading hours due to the celebration of Memorial Day, a national holiday in the US.

On Monday, May 25, spot metals (GOLD, SILVER, XAUUSD) will be closed earlier than usual – at 08:00 p.m. Trading CFDs on US stocks will be unavailable all day.

Trading hours for other financial instruments remain unchanged. Please keep these changes in mind while planning your trading sessions.

ForexMart Team wishes you profitable trading!
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  • 1 month later...

ForexMart warns of a clone website

We want to draw your attention to the fact that there are more and more websites appearing on the network that are copies of the company's official website or use the name of our company in fraud operations. Be careful, do not register on such resources and avoid sending any personal information (phone numbers, bank card details) and making payments to them.

In particular, we warn you against visiting forextreegains.com. This scam resource has nothing to do with ForexMart! Our experts have taken additional security measures and this case of fraud is being investigated.

We also confirm that Tradomart SV Ltd has never operated abrotradeoptions.com and has no relation to this website. Tradomart SV Ltd has never collected money through abrotradeoptions.com. The owners of abrotradeoptions.com have used the name of our company illegally. These actions are also under investigation.

Please keep in mind that the official website of the company is www.forexmart.com

We wish you a successful trading,
ForexMart Team
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Please note the changes in the trading schedule on July 3

Dear traders, 

On July 4, Independence Day will be celebrated in the United States. In connection with that, we draw your attention to some changes in the trading schedule on Friday, July 3.

-CFDs on Shares will be untradable all day long;
-Trading Spot Metals will be limited in time – inclusively until 20:00 Moscow time. 

Trading schedule will be back to normal from Monday, July 6.

For more information, please contact our support team. 

Wish you happy holiday and successful trading!

Sincerely,
ForexMart team
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  • 3 weeks later...

Welcome ForexMart Live Trading Contest!

ForexMart is happy to announce the launch of a new contest for all ForexMart Classic account holders, the main prizes of which will be impressive cash rewards! The contest starts on August 3 and runs until August 28.

The terms of participation are as simple as possible: register on the contest page, fund your trading account by $ 50 and above and continue to trade actively.

Bidders with the highest profit figures during the period of the promotion will share the prizes:

-the first place prize is $ 1,000
-the second place prize – $ 500
-the silver medalist receives $ 250.

Among the other participants of the trading competition, five prizes of $ 50 will be drawn – their names will be selected using our automatic system.*

So, hurry up to join the contest and do not miss the opportunity to profitably pump your trading potential.

* For more information about participating in the contest, please visit the website.

We wish you good luck and productive trading,
ForexMart team
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  • 1 month later...

We are 5 years old! Thanks for joining us!

Dear Clients and Partners!

We are happy to share with you the anniversary birthday of ForexMart and thank you for your trust and cooperation that is so valuable for us! Every day we do our best to provide you with better and more profitable conditions for trade and investing.

The fact that you have been with us for 5 years, characterizes our company as a reliable and stable broker-partner. We always strive to provide our clients with advanced technologies for successful trading, while not forgetting about safety and comfort.

We greatly appreciate your staying with us! By choosing ForexMart, you can always be sure of the correctness of your choice.

Remember, your success is our priority!

Sincerely,
ForexMart team
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Note the change in the rules for opening orders in the period from 28 to 31 August

Dear Clients,

The Apple (traded under #AAPL symbol) and Tesla (#TSLA) corporations have announced plans to split their shares in proportion 4 to 1 and 5 to 1 correspondingly. In connection with that, we are asking our clients who have open positions on these instruments to take into account the following information:

In the period from the market close on Friday, August 28 to the market opening on Monday, August 31, the orders on #AAPL and #TSLA will be closed and reopened on the following conditions:

#AAPL: all market orders will be closed and new orders of the volume 4 times bigger than the previous ones will be opened at the price 4 times lower than the previous price. At the same time, all pending orders, as well as take-profit and stop-loss orders will be canceled.

#TSLA: all market orders will be closed and new orders of the volume 5 times bigger than the previous ones will be opened at the price 5 times lower than the previous price. At the same time, all pending orders, as well as take-profit and stop-loss orders will be canceled.

Please note that at the market opening on August 31, the quotes of CFDs on #AAPL will be approximately 4 times lower than the closing quotes as of August 28, while #TSLA quotes will be 5 times lower than the previous closing price.

Sincerely yours,
ForexMart team
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