Top 10 Weekly Forex Market Headlines – 06.20.2014

1. IMF cuts U.S. 2014 growth forecast to 2%, keeps 3% growth outlook for 2015 June 16, The International Monetary Fund Monday cut its forecast for U.S. economic growth this year by 0.8 percentage points to 2%, citing a harsh winter, a struggling housing market and weak international demand for the country’s products. In its […]

Top 10 Weekly Forex Market Headlines – 05.02.2014

1. Obama announces new round of sanctions on Russia April 28, President Obama announced Monday that the United States is levying a new round of sanctions against Russia in response to that country’s actions in Ukraine, striking against individuals and companies close to Russian President Vladimir Putin. Seven Russian government officials, including two members of […]

Top 10 Weekly Forex Market Headlines – 04.11.2014

1. World Bank cuts China’s 2014 growth forecast to 7.6% April 7, The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region’s economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The Washington-based development bank expects… […]

Fed’s Yellen stays course, says change in pace requires sharp turn in economy

WASHINGTON—The U.S. economic outlook would have to take a distinctive turn for the worse before the Federal Reserve considers halting its ongoing reduction of bond purchases, Chairwoman Janet Yellen said Tuesday. Ms. Yellen signaled that recent soft economic data…

Top 10 Weekly Forex Market Headlines – 02.07.2014

1. Greek manufacturing expands for first time in over four years February 3, Greece’s factory sector has finally returned to growth for the first time in more than four years, fuelling hopes that the country’s long slump could be easing. A survey released on Monday showed that Greek manufacturers finally reported their first expansion since […]

IMF calls for greater monetary policy coordination among central banks

WASHINGTON (Reuters) – The International Monetary Fund on Thursday urged central banks to keep in mind the consequences their actions have on other countries, echoing the recent calls for greater monetary policy coordination. “In this increasingly interconnected…

Fed should taper faster, end it before mid-year: Fed’s Plosser

BIRMINGHAM, Ala./NEW YORK (Reuters) – Going a step further than his colleagues at the Federal Reserve, a hawkish policymaker said on Wednesday the U.S. central bank should wind down its bond purchases faster than planned and end it before mid-year…

Nikkei undergoes correction, drops almost 2% on Monday

HONG KONG (CNNMoney) What goes up must come down: Shares in Tokyo fell almost 2% on Monday, continuing to erase last year’s runaway gains. The benchmark Nikkei has tumbled 10.3% so far this year. That means the index is now undergoing a correction, after posting…

Hurdle ought to remain high for pausing in tapering: Fed’s Lacker

(Reuters) – The U.S. Federal Reserve will probably keep reducing monthly asset purchases at its current pace and it would be hard to make the case for a pause in the tapering process, a senior Fed official said on Tuesday. Richmond Federal Reserve President Jeffrey Lacker said…

Fed under fire after taper decision, IMF calls for vigilance

(Reuters) – The Federal Reserve’s decision to keep trimming its economic stimulus drew fire on Friday as India’s central bank chief said Americans should be more attuned to the global impact of their policies, and the IMF called for vigilance given strains in financial markets…

Top 10 Weekly Forex Market Headlines – 01.31.2014

1. U.S. new home sales drop to 414K in December, miss forecast January 27, Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested sufficient strength in the housing market to support the economy… 2. German business sentiment surges to highest level since July 2011 […]

Daily Forex Market Review 01/30/14 (+105 pips)

Today’s Trade Result: +105 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

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