Top 10 Weekly Forex Market Headlines – 09.19.2014

US Dollar vs Major Currencies - % Weekly Change | September 19~26, 2014

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1. Investors shift focus to ‘Great Stagnation’ fears

Investors shift focus to ‘Great Stagnation’ fearsSeptember 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 the weekend…

2. China factory PMI rises to 50.5 in September but employment slumps to 5-1/2 year low

China factory PMI rises to 50.5 in September but employment slumps to 5-1/2 year lowSeptember 23, China’s manufacturing sector unexpectedly picked up some momentum in September even as factory employment slumped to a 5-1/2-year low, a potential source of worry for Communist leaders who prize social stability above all else…

3. U.S. new home sales jumped 18% in August, hits 6-year high

U.S. new home sales jumped 18% in August, hits 6-year highSeptember 24, Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course. The Commerce Department said on Wednesday sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units…

4. Japan manufacturing PMI picks up in Q3, but more data needed to decide on 2015 sales tax hike

Japan manufacturing PMI picks up in Q3, but more data needed to decide on 2015 sales tax hikeSeptember 24, Japan’s manufacturing activity picked up in the third quarter, a survey showed, but economists say they need more information on wages and consumer spending to determine whether the government should raise the sales tax again next year…

5. Euro zone growth stumbles while China factory activity picks up

Euro zone growth stumbles while China factory activity picks upSeptember 24, Euro zone business growth dipped to a 2014 low in September as firms again cut prices, while factory activity in China picked up only slightly, surveys showed, keeping the spotlight on policymakers’ plans for economic stimulus. The data seems sure to dishearten the European Central Bank…

6. ECB’s monetary policy will remain accommodative for a long time: Draghi

ECB’s monetary policy will remain accommodative for a long time: DraghiSeptember 24, The European Central Bank will keep monetary policy loose for as long as it takes to push ultra-low inflation in the euro zone back up closer to the two percent level, its president Mario Draghi said on Wednesday. With data showing the single currency zone’s economy having ground to a halt in the…

7. Capital goods orders, jobless claims data lift U.S. economic outlook

Capital goods orders, jobless claims data lift U.S. economic outlookSeptember 25, New orders for capital goods by U.S. businesses rebounded in August, pointing to underlying strength in the economy. The economic outlook also got a lift from other data on Thursday showing only a marginal increase in the number of people filing new claims for unemployment benefits last week…

8. Euro zone lending drops again in August, pressuring ECB

Euro zone lending drops again in August, pressuring ECBSeptember 25, Lending to euro zone households and companies contracted for the 28th month in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank efforts to get credit flowing again. Euro zone banks, particularly in the crisis-stricken countries…

9. Fed may hike rates sooner rather than later: Dallas Fed’s Fisher

Fed may hike rates sooner rather than later: Dallas Fed’s FisherSeptember 25, The U.S. Federal Reserve may start raising rates around the spring of 2015, at the earlier end of market expectations, Richard Fisher, president of the Federal Reserve Bank of Dallas said on Thursday. “It’s assumed in the market place that we’ll start our liftoff in raising interest rates some time between the spring and the summer,”…

10. U.S. GDP grows at 4.6% in Q2, fastest pace since Q4 2011

U.S. GDP grows at 4.6% in Q2, fastest pace since Q4 2011September 26, The U.S. economy grew in the spring at the fastest pace since late 2011, another sign the recovery is regaining steam after a rough start to the year. Gross domestic product, the broadest measure of goods and services produced in the U.S., expanded at an annual rate of 4.6% in the second quarter…

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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