Category Archives: Quick Forex

BRAZIL: Ibovespa Strikes The Greatest Level In Three Months Improved By Commodities

By | August 19, 2017

Ibovespa, the benchmark stock index in Brazil, rebounded after Thursday’s risk-aversion state of mind and rose by 1.09% Friday, closing at 68,714.66 points, increased by the rise in oil and iron ore rates abroad.

That was Ibovespa’s greatest closing level because Might 16, right prior to the outbreak of a corruption scandal involving the JBS owner Joesley Batista and the Brazilian President Michel Temer. In the week, Ibovespa increased 2.01%.

Abroad, the costs of oil futures contracts nearby more than 3% higher. In the face of the move, Petrobras’ favored shares (PETR4) were among the greatest gains of the Ibovespa today, rising 4.06%. Vale’s shares (VALE3), for its turn, advanced 1.44% after the gratitude of iron ore rates in China.

Shares of steelmakers followed and also carried out well. Usiminas (USIM5 1%) also announced a new steel increase for suppliers since September 1, at 13.1%.

On the other hand, the locally traded U.S. dollar closed the session 1% lower against the real, at R$ 3.1470, in line with the forced and outdoors by responses in the prices of commodities such as oil and iron ore. Some optimism about the fiscal issue and the costs cuts, which are anticipated to return to discuss next week, have actually helped to reduce the currency’s fall.

For the next week, House Broker Modalmais’s Alvaro Bandeira believes that the Ibovespa may continue to provide a favorable movement, but he mentions that it is necessary to enjoy the political scenes in Brazil and the U.S.

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ARGENTINA: Merval Sets New Record

By | August 19, 2017

Merval, the main index of the Buenos Aires Stock market, increased 1.16%, closing at 22,988.27 points Friday and setting a brand-new record high still due to the euphoria of the investors after the judgment coalition’s victory in last Sunday’s primary legislative elections. In the week, driven by the outcomes, the Merval climbed 6.21%.

According to Eduardo Fern?ndez, an expert at Rava Burs?til, the leading stocks rebounded after the profit-taking movement seen in the previous session.

The shares of Agrometal (-2.82%), Central Puerto (-2.01%), Pampa (-1.19%) and San Miguel (-0.51%) fell, while Autopistas del Sol (+4.97%), Petrobras (+4.56%), Edenor (+3.83%), and TGN (+3.45%) posted the highest gains.

On Monday, the Buenos Aires Stock market will be closed due to a vacation. For Tuesday afternoon, the General Confederation of Labor (CGT) has actually called against the financial reforms promoted by the President Mauricio Macri.

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COLOMBIA: Colcap Increases 0.44% Driven By Bancolombia'’s ADRs

By | August 19, 2017

Colcap, the main index of the Colombian Stock market, rose 0.44%, closing at 1,477.21 points Friday, due to the strong performance of Bancolombia Preferencial shares. During the week, the Colombian stock exchange increased 0.96%.

Camilo Thomas, an expert at Alianza Valores, said that Bancolombia shares rebounded after losing some ground yesterday due to the excellent efficiency of its American Depositary Receipt (ADRs) traded in Wall Street.

The shares of Bancolombia (+1.04%), Conconcreto (+0.97%), Davivienda (+0.95%) and Bancolombia Preferencial (+1.54%), Cemargos (+1,36%) and Avianca (+0.83%) rose, while Banco de Bogot? (-1,87%), Canacol (-0,83%), Sura (-0.35%) and Nutresa (-0.29%) fell.

The locally traded U.S. dollar closed the week at 2,987.00 Colombian pesos, after falling by 0.16% today. Agust?n Vera, an analyst at International Securities, said that currencies picked up speed against the greenback on a day when investors are still waiting on information to be released in the United States and take some benefit from the strong purchases took place after the other day’s attack in Spain.

On Monday, the Colombian Stock market will be closed due to a spiritual holiday.

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ISA: Company Consisted of In FTSE4Good Index For Sustainability Practices

By | August 19, 2017

The FTSE Russell Group included Colombia’s Interconexi?n El?ctrica (ISA) in the FTSE4Good Index due to its compliance with the “ethical worths of the stock market, along with the international requirements of business duty.”

The FTSE4Good exalts business on the stock market, which comply with global corporate financial investment standards and have the best practices in business sustainability and works as a tool for experts, property managers and business in the assessment and creation of accountable financial investment products.

The FTSE4Good was developed in 2001 to determine the verifiable outcomes of companies in the social, environmental and governmental dimensions through their efforts in sustainability, respect for human rights, the use of clean energy, to name a few.

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CHILE: Current Account Posts US$ 1.55 Billion Deficit In 2Q17

By | August 19, 2017

The Chilean current account showed a US$ 1.549 billion deficit in the second quarter of 2017, representing 2.4% of the quarterly Gross Domestic Product (GDP). In cumulative terms, the last four quarters revealed a deficit of 2.2% of GDP, the Chilean central bank said on Friday.

The monetary authority said that the deficit was because the favorable balance of products and services and present transfers was balanced out by the unfavorable income balance.

The trade balance published a surplus, closing at US$ 1.606 billion, a figure US$ 338 million lower than the taped in the same period of 2016. Exports grew by US$ 1.183 billion (8.0% on year), primarily due to a higher volume of imports of durable goods (mainly cars) and an increase in fuel costs.

Chile’s foreign debt increased by US$ 5.407 billion when compared with completion of the previous quarter, reaching US$ 168.706 billion, comparable to 65.4% of the nation’s annual GDP.

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COLOMBIA: Petroleum Production Falls 0.06% On Month In July

By | August 18, 2017

Colombia’s typical petroleum production in July reached 856,377 barrels daily, 0.06% lower than in the previous month, stated the Ministry of Mines and Energy. The fall was due to the restriction on pumping in the Bicentenario pipeline.

On the other hand, initial figures on gas production revealed an 876,2 million cubic feet each day average, down by 2.18% compared with June.

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BRAZIL: Gov'’ t Require WTO Panel Versus Canadian Subsidies To Bombardier

By | August 18, 2017

The Brazilian federal government will ask for that the World Trade Organization’s (WTO) Dispute Settlement Body to establish a panel to go over the case versus Canada related to aids offered by the North American country to the aviation sector, benefiting Bombardier’s C-Series program, which takes on Brazil’s Embraer.

The WTO will be asked for to examine more than 20 programs of aids approved by Canada to the air travel sector of the country directly or indirectly related to the development of the brand-new Bombardier household of airplane in the context of the C-Series program. The Brazilian government concerns if the aids are compatible with WTO rules.

According to the Brazilian Foreign Ministry, technical research studies prepared by Brazil price quote that in the last years Bombardier and C-Series suppliers got subsidies equivalent to more than US$ 3 billion, which led to severe damage to the Brazilian air travel industry and programs involving aids forbidden by WTO rules.

Under the WTO guidelines, the Canadian federal government may challenge this very first demand. In that case, the establishment of the panel will occur instantly at the next conference of the international organism, on September 29.

“The Brazilian federal government hopes that the lawsuits will allow the rebalancing, as soon as possible, of the conditions of global competitiveness in the air travel sector, synthetically affected by the Canadian aids,” stated Brazil’s Foreign Ministry.

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CHILE: GDP Grows 0.9% On Year In The Second Quarter

By | August 18, 2017

Chile’s Gdp (GDP) increased 0.9% in the 2nd quarter of 2017 on an annual basis, the country’s central bank stated on Friday. In the first half of the year, the Chilean GDP increased by 0.5%, in the exact same comparison basis, the most affordable since 2009.

The outcome was led by the development of individual services and commerce, which were the sectors of greatest contribution. In contrast, the main negative effects came from business, mining and building services.

From the expense viewpoint, the GDP result was discussed by the increase in domestic need, with a 3.9% boost in costs.

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The Euro switched to Jackson Hole

By | August 18, 2017

If the minutes of the July conference of the ECB terrified the bulls for the euro, then it was only for a little while. The European Central Bank revealed its concern about the future strengthening of the currency exchange rate, stating that the current EUR/USD movement remains in line with the healing procedure of the euro-zone economy. Actually, the GDP development of the Euro monetary bloc, although not much, still outstripped the growth of its American equivalent, and the low level of political dangers after the defeat of Eurosceptics in France adds to the capital inflow. In contrast to the Vintage, things in the New World are going, to put it slightly, not extremely well.Positive information on the labor market and retail sales did not add optimism to the advocates of the United States dollar. Evaluating by the minutes of the last

meeting of the FOMC, the Fed’s fears about inflation are still high. At the same time, the “dovish”rhetoric of the head of the Federal Reserve Bank of Dallas Robert Kaplan, urging the U.S. central bank to be client in the conditions of slowing CPI and PCE, lowered the opportunities of a December financial tightening from 48%to 42 %. Pressures on the USD index was produced due to the political strife within the United States. Disappointed with the

position of Donald Trump on a number of problems, business leaders began to leave the president’s financial councils, which resulted in their liquidation. Discontent with the actions of the head of the White House was expressed not just by politicians, including representatives of their own Republican politician Party, however also by financial experts, which undermines self-confidence and contributes to the further collapse of the dollar. Connection of these signs persuades that the market has recently reacted more to reports and chatter of a political nature than to macroeconomic statistics.The characteristics of the dollar index and the mistrust index of Donald Trump< img width ="450" src =" "alt=" Analytics5996dae702450.png"/ > Source: Bloomberg.By August 26, the focus


of investors’attention will be on the conference of heads of central banks in Jackson Hole. Following the June speech of Mario Draghi about the victory over deflation, the markets applauded the ECB exceedingly. The media called him a more prominent figure than Janet Yellen, the male who provoked the minimum peak of hysterics. In this regard, the traditional top at the end of August was compared with previous occasions, when ex-Fed Chairman Ben Bernanke announced completion of the QE, and at the exact same Draghi announced the launch of the quantitative easing program. The record of the last meeting of the ECB has revealed that there are not a surprises awaiting the “bulls” for the euro.The Governing Council examined the issue of interacting information. Advocates of the steady preparation of investors for the normalization of monetary policy, led by Benoit Coeure, were forced to pull away. Considering this as the smallest signal about the ending up of the QE, raised EUR/USD quotes. Over the past 3 months, the trade-weighted euro rate has actually soared by 5%, which develops serious issues for inflation, export and monetary conditions and allows the forecast a slowdown in the euro area’s GDP.Technically, the exit of quotes beyond the coming down short-term channel and an effective resistance push ahead of

1.181-1.182 will be the proof of the completion of the retreat and will open the way for the EUR/USD upwards. On the contrary, the upgrade of the corrective low near 1.167 will increase the dangers of development of the bearish counterattack in the direction of 1.15. EUR/ USD, everyday chart The product has actually been supplied by InstaForex

Gold Slinks Back Below $1300 As Bannon Departs

By | August 18, 2017

the University of Michigan released a report on Friday revealing a much larger than anticipated improvement in U.S. consumer sentiment in the month of August.

The report stated the preliminary reading on the consumer belief index for August leapt to 97.6 from the last July reading of 93.4. Economic experts had actually anticipated the index to inch as much as 94.0.

“Consumer confidence rose in the first half of August to its greatest level considering that January due to a more favorable outlook for the total economy along with more favorable individual monetary prospects,” said Richard Curtin, the survey’s chief economist.

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