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    Thread: ForexMart's Forex News

    1. #181 Collapse Post
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      June 22. Home sales in the US secondary market in May decreased by 9.7%, worse than forecast

      Today in the United States published a report of the National Association of Realtors (NAR), traditionally important for the dynamics of the US dollar in the context of the crisis caused by the coronavirus pandemic. According to recent data, home sales in the secondary market in May fell by 9.7% compared with April, to 3.91 million.

      Analysts polled by Reuters expected a 3% drop in the number of such deals, to 4.12 million.

      In addition, the share of distressed real estate in this market in May amounted to 3%, which generally corresponds to the level of April, but above 2% in May 2019. Sales of single family homes amounted to 3.57 million, in monthly terms there was a decrease of 9.4%, in annual terms – by 24.8%.


      ---------- Post added 06-23-2020 at 06:23 PM ---------- Previous post was 06-22-2020 at 06:57 PM ----------

      June 23. Economists significantly worsen German GDP drop forecast this year

      The Council of Economic Experts under the German government has adjusted the forecast for German GDP for the current year downward. Now economists expect the country's economy to collapse by 6.5% in 2020.

      Council Chairman Lars Feld said the coronavirus pandemic will lead to the worst collapse of the German economy in the entire existence of the Federal Republic. At the same time, Feld suggests that the German economic recovery will presumably begin in the summer, and a return to growth – in early 2021. The return of economic indicators to the levels before the pandemic begins is expected only in 2022.

      Recall that earlier economists considered a five-week lockdown and a 2.8% reduction in GDP the most likely scenario. In the worst case scenario, experts predicted a collapse of the economy in 2020 by 5.4%.
      Regards, ForexMart PR Manager


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      June 25. The final estimate of US GDP in the I quarter: a fall of 5%

      According to the final estimate of the US Department of Commerce, the country's GDP in the first quarter fell by 5% in annual terms. The indicator coincided with the forecasts of analysts and the second assessment of the department. The first estimate suggested a decrease of only 4.8%. At the same time, exports fell by almost 9% and imports by 15.7%.

      In the first quarter of 2019, US GDP growth in annual terms was 3.1%, in the second – 2%, in the third – 2.1%, in the fourth – also 2.1%.

      The decrease in US GDP was noted for the first time since the first quarter of 2014, when this decrease amounted to 1.1%. It also became the strongest since the fourth quarter of 2008, when the country's economy shrank by 8.4%. Experts point out that social isolation measures in response to the coronavirus pandemic had a negative impact on the American economy in the spring of 2020.


      ---------- Post added 06-26-2020 at 06:40 PM ---------- Previous post was 06-25-2020 at 06:46 PM ----------

      June 26. US consumer income down 4.2% in May, better than forecast

      According to the Bureau of Economic Analysis of the US Department of Commerce, consumer income in May fell 4.2% compared with April. Consumer spending rose 8.2% on a monthly basis. Analysts had forecast a 6% decline in revenue and a 9% increase in spending.

      Growth in consumer spending was a record, but experts are confident that this trend will not last long: millions of Americans will soon cease to receive increased unemployment benefits. In April, consumer spending fell by a record 12.6%.

      An estimate of the income and expenses of Americans in May was influenced by the quarantine response to the spread of COVID-19. The ministry noted that government payments aimed at restoring the economy were still made, but in smaller volumes than in April.
      Regards, ForexMart PR Manager


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      Yes forex market and Fox news is a very corporation and very knowledgeable thing in forex market supporting the best face learning about market and that what is very Corporation about the market reading skills in Forex a better learning abilities to a better Corporation about the market and getting more and more success in forex market so always worked with learning always worked with the behaviour of marketing skills in Forex and then cable qualities of the very easily


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      June 29. More than 40% of S&P 500 companies abandoned forecasts due to coronavirus

      More than 40% of the S&P 500 companies withdrew quarterly or annual forecasts due to the uncertainty surrounding the outbreak of coronavirus. As the reasons, some of them noted the likelihood of new outbreaks of the disease, changes in consumer behavior and additional costs.

      According to The Wall Street Journal, the stocks of the companies that made this decision have fallen in price by 18.2% since the beginning of the year, while the S&P 500 value fell by 6.9%. Many companies that have withdrawn forecasts are most affected by the industry pandemic – the telecommunications, entertainment, automotive, and industrial goods sectors.

      However, among these companies there are those who have benefited from the effects of the pandemic. For example, this is the Kroger Co. supermarket chain, whose sales have jumped, and capitalization has increased by almost 13% since the beginning of the year. Payment system PayPal Holdings Inc. over the period of the pandemic, it added 58% against the backdrop of an increase in online trading.

      Uncertainty is also associated with the lifting of quarantine measures in the United States. Texas and Florida reinstated some restrictions last week due to a spike in new cases. Many S&P 500 companies updated their forecasts due to a coronavirus outbreak: 154 companies worsened expectations in at least some indicators, while 28 improved forecasts.
      Regards, ForexMart PR Manager


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      30.06. US consumer confidence in June turns better than forecast

      According to analysts at Conference Board, the US Consumer Confidence Index in June rose to 98.1 points from a revised May figure of 85.9 points. Analysts had forecast an increase to 91.8 points from an initial May value of 86.6 points.

      The US economic expectations index in June rose to 106 points from a revised May figure of 97.6 points. The initial indicator of the previous month was 96.9 points.

      The economic conditions index in the reporting month rose to 86.2 points from the revised May value of 68.4 points. The initial figure last month was 71.1 points.
      Regards, ForexMart PR Manager


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    7. #186 Collapse Post
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      KostiaForexMart, it's too bad that some companies abandoned forecasts due to coronavirus. I just wonder how long would it take for everything to go back to normal on the financial markets. There are no such problems with heiken ashi forex finmax trading strategy. It helps like in the good old days. Heiken Ashi - is another intriguing Japanese phrase which is related to candlesticks, the most widely used form of displaying price charts in the financial markets.


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      July 02. The number of jobs in the US in June jumped to a record 4.8 million

      According to the US Department of Labor, in June the number of jobs in the economy increased by 4.8 million. This growth was a record since the beginning of statistics in 1939. Experts on average predicted job growth of 3 million.

      Experts note the gradual recovery of economic activity in the country, following the partial lifting of quarantine measures. In March and April, the American economy lost about 22.2 million jobs.

      However, few people expect a quick recovery: many believe that the official data does not reflect the real scale of the losses, since a large number of people are considered to be employed, but they are not able to work due to continuing restrictions. In addition, there remains a high risk of a second wave of the epidemic not only in the United States, but throughout the world.

      The number of jobs in the private sector grew by 4.767 million in June, while in the public sector by 33 thousand. Industrial enterprises increased the number of employees by 356 thousand.
      Regards, ForexMart PR Manager


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      July 06. Eurozone retail sales up 17.8% in May

      According to the European statistical agency Eurostat, retail sales in the eurozone in May rose by 17.8% compared with 11.7% in April . Analysts had expected sales growth of 15%.

      On an annualized basis, retail sales in the eurozone in the reporting month fell by 5.1%, although analysts had expected a decrease of 7.5%.

      In all EU countries, sales in May increased by 16.4% compared with April, and decreased by 4.2% in annual terms.

      The largest decline in sales in May was recorded in Bulgaria (-20.4%), Luxembourg (-19.7%) and Spain (-17.9%). The strongest growth was recorded in Germany (+7.2%), Denmark (+6.6%) and Austria (+4.8%).
      Regards, ForexMart PR Manager


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