Moody’s cuts Japan credit rating citing uncertainty over debt, delay in sales tax hike

TOKYO— Moody’s Investors Service downgraded Japan’s credit rating Monday, highlighting the challenges facing Prime Minister Shinzo Abe as he tries to stoke inflation and growth. In explaining its move, Moody’s cited heightened uncertainty over Japan’s ability to cut its fiscal deficit after Mr. Abe decided last month to delay an increase in the national sales […]

Top 10 Weekly Forex Market Headlines – 11.21.2014

1. Japan falls into recession; PM Abe to delay sales tax hike, call snap election November 17, Japan has unexpectedly sunk into recession in the third quarter, raising the prospect of a snap election as the country’s prime minister, Shinzo Abe, attempts to secure a mandate to breathe life into the world’s third biggest economy. […]

Top 10 Weekly Forex Market Headlines – 09.19.2014

1. Investors shift focus to ‘Great Stagnation’ fears September 22, Scotland’s rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the “Great Stagnation”, and how to avoid it. The Group of 20 leading nations, meeting at […]

Daily Forex Market Review 09/19/14 (+45 pips)

Today’s Trade Result: +45 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: […]

Top 10 Weekly Forex Market Headlines – 08.15.2014

1. Ukraine, Iraq conflicts threaten euro zone fragile economy August 11, Investors will gauge the strength of the euro zone’s fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally. In stark contrast to the United States and Britain, which are growing strongly, economic output in the euro bloc is […]

Daily Forex Market Review 08/13/14 (+35 pips)

Today’s Trade Result: +35 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: […]

Inflation in Japan slows in June, casts doubt on BOJ’s target

(Reuters) – Japan’s core consumer inflation eased slightly in the year to June, highlighting the challenges the central bank faces in meeting its 2 percent inflation target sometime next year. But the slowdown will come as no surprise to the Bank of Japan, which has said inflation will continue to slow to around 1 percent […]

Top 10 Weekly Forex Market Headlines – 07.18.2014

1. U.S. economy still needs Fed’s ‘unusually accommodative’ monetary policy: Yellen July 14, The Federal Reserve will still need to deliver “unusually accommodative” monetary policy even once the U.S. economy returns to “where we want it to be,” Fed Chair Janet Yellen was quoted as saying in a magazine article… 2. UK inflation jumps to […]

Top 10 Weekly Forex Market Headlines – 05.30.2014

1. U.S. services sector expands at fastest pace in 7 months May 27, The U.S. services sector expanded in May at its fastest rate since March 2012 as employment creation accelerated, an industry report showed on Tuesday. Financial data firm Markit said its “flash” services Purchasing Managers Index hit 58.4 in May compared with April’s […]

Top 10 Weekly Forex Market Headlines – 05.16.2014

1. China will not use large stimulus, only ‘fine-tune’ policy: PBOC chief May 12, China will not use any large-scale stimulus to boost its economy, Central Bank Chief Zhou Xiaochuan was reported as saying on Saturday, in response to speculation that authorities might lower reserve requirements for banks to spur growth. Zhou, who was speaking […]

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 – 04.18.2014

1. U.S. March retail sales increase 1.1%, hit 18-month high April 14, U.S. retail sales recorded their largest gain in 1-1/2 years in March, in the latest sign the economy was emerging from its weather-induced slumber and on track to accelerate in the second quarter. The Commerce Department said on Monday retail sales increased 1.1 […]

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