Top 10 Weekly Forex Market Headlines – 11.30.2012

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1. Spain to get 35B euros in aid in exchange for massive layoffs

Nov. 25, European authorities will transfer 35 billion euros to Spain’s state bank rescue fund on December 15 in exchange for massive layoffs at Spain’s four nationalized banks, including state-rescued Bankia (BKIA.MC), El Pais newspaper reported on Sunday…

 

2. BOJ members press for stronger stance on monetary easing

Nov. 26, A split within the Bank of Japan was laid bare on Monday, with newcomers to its board pressing to strengthen commitment to an ultra-loose policy, as pressure on the central bank for bolder action intensified in the run up to next month’s election…

 

3. Eurozone and IMF clinch agreement on new debt target for Greece

Nov. 26, Euro zone finance ministers and the International Monetary Fund clinched agreement on a new debt target for Greece on Monday in a breakthrough towards releasing an urgently needed tranche of loans to the near-bankrupt economy, officials said…

 

4. BOC’s Carney to become the new governor of the Bank of England

Nov. 26, Chalk one up for British openness. Britain reached across the Atlantic for a new chief of its central bank, picking the governor of the Bank of Canada to become the new governor of the Bank of England. It’s hard to imagine the U.S…

 

5. U.S. home prices rise for 8th straight months, housing recovery continues

Nov. 27, Single-family home prices rose in September for an eighth straight month in a further sign that the housing market is on the mend, a closely watched survey showed on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.4 percent…

 

6. Fed’s Evans urges to keep rates low until unemployment falls to 6.5%

Nov. 28, Just how far should the unemployment rate fall before the Federal Reserve raises interest rates? Charles Evans, president of the Chicago Fed, wants the central bank to keep the federal funds rate near zero until unemployment falls to 6.5%…

 

7. China over-investment could cause severe economic imbalances: IMF report

Nov. 28, China’s economy relies on an excessively high level of investment and risks a potentially destabilizing increase if the government aims to keep growth around current levels for years to come, new International Monetary Fund research suggests… earlier…

 

8. EU gives the green light to 37B euros to rescue Spanish banks

Nov. 28, European Union regulators gave the green light to €37 billion ($47.89 billion) in euro-zone funding for Spain’s stricken banking sector on Wednesday, setting in motion a long-term cleanup aimed at helping it absorb losses from the…

 

9. Fitch could strip France’s triple-A rating in 2013

Nov. 28, Fitch Ratings could strip France of its triple-A credit status next year if the country fails to meet its targets on debt reduction and its economy performs worse than forecast, one of the agency’s top sovereign experts warned on Wednesday…

 

10. Merkel won’t need votes from opposition on Greek debt

Nov. 29, Angela Merkel will not need votes from opponents on the left to get a bailout for Greece through the German parliament, a senior ally said on Thursday, despite a growing revolt within the chancellor’s conservative coalition…

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

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