Top 10 Weekly Forex Market Headlines – 1.9.2015

1. U.S. crude oil breaking below $50 a barrel on supply glut January 5, The selloff in global oil markets showed little signs of slowing in the new year with U.S. crude breaking below $50 a barrel, the first time since April 2009, on fears of a supply glut. Benchmark Brent crude tumbled about 6 […]

U.S. labor market tightening but wages remain stagnant

There is no doubt the labor market is getting tighter. But it has yet to tighten to the point wages start picking up. For the Federal Reserve, that is a problem. Defying expectations that stronger hiring would draw more of the population into the workforce, the unemployment rate…

Top 10 Weekly Forex Market Headlines – 11.07.2014

1. EU manufacturing sector rises to 50.6 in October as prices fall November 3, Activity in the eurozone’s manufacturing sector picked up very modestly in October, but largely because businesses cut their prices, an indication that the currency area is unlikely to soon escape a period of very low inflation. Surveys of around 3,000 manufacturing […]

Fed rate hike likely somewhere in middle of 2015: Fed’s Fischer

(Reuters) – The Federal Reserve will probably start raising interest rates around the middle of next year, two top officials at the U.S. central bank said on Thursday, although both said the exact timing will depend on the economy. “What we think now is that the capital markets have it more or less right but […]

Daily Forex Market Review 10/08/14 (+72 pips)

Today’s Trade Result: +72 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Top 10 Weekly Forex Market Headlines – 10.03.2014

1. U.S. consumer spending, personal incomes rise in August September 29, Steady consumer spending and income gains have put the U.S. economy on track for solid growth in the third quarter. Household outlays rose a seasonally adjusted 0.5% in August from the prior month, rebounding from a flat reading in July, the Commerce Department said […]

Daily Forex Market Review 10/03/14 (+20 pips)

Today’s Trade Result: +20 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: […]

U.S. nonfarm payrolls surge 248K, unemployment rate falls to 6-year low of 5.9%

NEW YORK (CNNMoney) The nation’s unemployment rate fell below 6% in September for the first time in six years. The rate came in at 5.9%, while employers added 248,000 jobs last month. The unemployment rate fell last month because more people were getting jobs, not because they were dropping out of the labor force as […]

Top 10 Weekly Forex Market Headlines – 09.05.2014

1. EU readies tougher sanctions on Russia as Kiev warns of invasion force September 2, European officials proposed sweeping new sanctions on Tuesday to starve Russia’s companies of capital and technology as punishment for Moscow’s intervention in Ukraine, where Kiev officials said Russia was bolstering an “invasion” force… 2. U.S. ISM manufacturing PMI hits near […]

U.S. ‘interest rates are not low enough,’ Fed’s Kocherlakota says

(Reuters) – A top Federal Reserve official on Thursday said he believes U.S. interest rates are too high, and had no “good answer” when asked why the Fed is reducing its efforts to push borrowing costs down. “Interest rates are not low enough,” Minneapolis Federal Reserve President Narayana Kocherlakota said at a Town Hall meeting […]

U.S. labor market not fully recovered, Fed should move cautiously: Yellen

(Reuters) – U.S. labor markets remain hampered by the effects of the Great Recession and the Federal Reserve should move cautiously in determining when interest rates should rise, Fed Chair Janet Yellen said on Friday in a defense of her policy approach. In a speech at a central banking conference here, Yellen laid out in […]

Top 10 Weekly Forex Market Headlines – 08.01.2014

1. U.S. services sector hits 4-1/2 years high in July: Markit July 29, Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though readings for new business and employment growth weakened, a survey showed on Monday. Financial data firm Markit said its preliminary services Purchasing Managers Index was […]

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