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I cannot deposit funds from my bank account. Wondering if local banks allow fx trading?? Any traders in the Philippines? Trader Meetups.
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Gilas January 1, , pm 1. PipMeHappy January 12, , pm 3.
Try PipNRoll she is from the Philippines. GilasTrading May 18, , am 5. Crashso May 18, , am 6. And I wonder how many people in Philippines trade forex? GilasTrading May 18, , am 7. I wonder the same. Yamnjack September 4, , am Despite the fact that the Chinese government has begun to gradually ease restrictive quarantine measures, economic recovery is not expected in the coming months. Experts predict the loss of nearly 30 million jobs amid falling global demand.
In addition to the measures already taken, the People's Bank of China intends to reduce the required reserve ratio RRR for banks by another basis points, as well as reduce the annual loan rate for first-class borrowers loan prime rate, LPR by 35 basis points to 3. In his opinion, the organization was unable to cope with its duties and functions during the coronavirus pandemic. Moreover, Trump accused WHO of concealing data on the spread of the disease. The head of the White House also noted that the United States will look for alternative ways to work with other countries on health issues.
According to Morrison, WHO did not pay due attention to the problem of the virus during its first appearance in China and did not take appropriate measures.
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Donald Trump also accused the organization of opposing the US decision to close the border with China. Many countries criticized the decision of the American president. According to the US Department of Labor, the number of American citizens applying for unemployment benefits for the first time for the week ending April 11 was 5. The Ministry notes that Americans continue to massively apply for unemployment benefits for the fourth consecutive week.
The previous value was fixed at 6. Analysts had expected a decrease in the number of applications to 5. Over the past month, more than 20 million applications have been filed amid the tough measures to combat the spread of coronavirus. The number of people continuing to receive unemployment benefits for the week ending April 4 increased by 4.
Last month, the US economy lost thousand jobs.
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As a result, in March unemployment jumped from 3. According to forecasts by Morgan Stanley, US unemployment will only continue to grow in the II quarter and will reach a record level of China lowered key rate for the second time since the beginning of the year. Today China for the second time since the beginning of the year lowered lending rates to support the economy and the population affected by the coronavirus. The annual loan rate for first-class borrowers LPR has been reduced from 4. The five-year rate affecting the cost of mortgages has been reduced from 4.
This level has become minimal since the introduction of the liquidity instrument in September The situation in the oil market has again become the focus of attention of traders. This means that oil sellers are ready to pay extra to the buyer in order to get rid of crude.
Pressure on quotes continues to be exerted by a catastrophic drop in demand due to the economic damage caused by the coronavirus epidemic, as well as an increase in supply. As practice has shown, these measures have proved futile in the face of an oversupply in the oil market. OPEC estimates that about As a result, sales in the oil market may continue in the near future.
Analysts had forecast inflation to fall to 1. However, it is worth considering the fact that these statistics were collected even before the large-scale restriction of economic activity in the country, so they do not reflect the current situation. The slowdown in inflation last month was primarily due to a decrease in the price of automotive fuel by 5. Food prices rose 0. Core inflation excluding food, alcohol, tobacco and energy, CPI Core rose 1.
Business activity in the eurozone in April reached another record low, which is a sign that the coronavirus pandemic is causing serious economic damage to the whole region. In March, the same index already recorded the largest monthly decline to Chris Williamson, chief economist for business at IHS Markit, said that activity in the second quarter could record the worst recession in history.
European leaders today should discuss further measures to stimulate the economy. The March indicator was fixed at Analysts polled by Reuters expected a drop to 68 points. The coronavirus pandemic has led to a loss of over 26 million jobs in the past five weeks.
On Monday, the price of gold began to decline amid rising risk appetite after signs that countries could soon weaken coronavirus-driven lockdowns. However, experts predict that the fall will not last long, as market participants hope for the introduction of new incentive measures by leading central banks. The price of palladium rose by 0. Silver fell 0. According to the National Statistical Institute of Spain, the country's unemployment rate rose to In the previous quarter, unemployment was Analysts predicted its jump to However, these data only partially reflect the effects of restrictive measures introduced to combat coronavirus.
Isolation measures were introduced just two weeks before the end of the quarter, and most of the research had already been done by then. According to figures, about The tourism and construction sectors suffered the most. The Bank of Spain assumes that this year unemployment could jump to A negative impact on the economy was exerted by measures of social isolation in response to the coronavirus pandemic.
A key component of GDP consumer spending fell by 7. At the same time, private gross investment continued to decline for the fourth quarter in a row, losing another 5. In this regard, experts predict an even more significant blow to the economy in the II quarter. According to the results of the meeting on Thursday, the European Central Bank ECB kept the base interest rate on loans at zero and the deposit rate — at minus 0.
The margin lending rate was left at 0. These decisions coincided with the expectations of most experts. The ECB also said that rates will remain at the current level or lower until inflation in the eurozone approaches the target of the Central Bank. In addition, the European Central Bank has promised to continue redeeming bonds under the PEPP program until it concludes that the crisis caused by the coronavirus pandemic has come to an end.
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Pages Previous 1 2 3 4 5 6 7 … 12 Next You must login or register to post a reply. RSS topic feed Posts: to of Re: ForexMart's Forex News Philippines is the first in the world to close the stock market due to coronavirus Today, the Philippine Stock Exchange closed indefinitely, and trading in foreign currency and bonds was suspended. World oil storage facilities may overflow in coming months Energy experts fear that global oil storages may overflow during several months due to falling demand for oil because of coronavirus. German business climate drops to low The mood in the German business community deteriorated significantly in March amid concerns about the coronavirus.
US prepares for month pandemic The coronavirus pandemic remains the main news of the day.
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Refineries around the world begin to suspend due to reduced demand Oil refineries around the world have begun to suspend production or reduce refining volumes, as fuel demand has come under serious pressure from the coronavirus pandemic. Germany and Canada will be hit hardest by world coronavirus outbreak Analysts believe that the economies of Germany and Canada are the most susceptible to the shocks associated with coronavirus due to their dependence on trade. Industrial production in Germany unexpectedly increased in February Industrial production in Germany in February unexpectedly showed an increase.
The number of applications for unemployment benefits in the United States sets records According to the US Department of Labor, in the first week of April, the number of initial applications for unemployment benefits fell by thousand from the previous week's revised figure of 6. From March to March , the total number of applications filed was only China's GDP growth in may slow to a year low According to analysts, China's economic growth may slow to a minimum in almost half a century due to the crisis in many areas caused by the coronavirus epidemic.