Top 10 Weekly Forex Market Headlines – 10.24.2014

USD vs Major Currencies - % Weekly Change | October 17 ~ 24, 2014

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1. Fed likely to end QE at October meeting despite global slowdown

Fed likely to end QE at October meeting despite global slowdownOctober 20, Federal Reserve officials are taking a steady-as-she-goes stance as they prepare for their policy meeting this month, even though market volatility and uncertainties about the global economic outlook have rattled investors in recent weeks and led to some mixed messages from central bank officials…

2. Japan firms want government intervention if yen weakens to around 110 per dollar

Japan firms want government intervention if yen weakens to around 110 per dollarOctober 20, Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy. Over the past two years…

3. China’s 3rd quarter GDP growth falls to 5-year low of 7.3%

China’s 3rd quarter GDP growth falls to 5-year low of 7.3%October 21, China’s economic growth waned to a five-year low of 7.3 per cent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders’ plans for a controlled slowdown…

4. BOE policymakers split over interest rate vote at 7-2 again

BOE policymakers split over interest rate vote at 7-2 againOctober 22, Bank of England policymakers remained split over whether to raise interest rates immediately, with two members of the nine-strong monetary policy committee (MPC) voting in favour this month. Minutes of the October meeting of the MPC revealed that dissenters Martin Weale and Ian McCafferty voted for a 0.25 percentage-point rise to 0.75%…

5. U.S. CPI edged up 0.1% in September as gas prices slipped 1.0%

U.S. CPI edged up 0.1% in September as gas prices slipped 1.0% October 22, U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month…

6. U.S. jobless claims rise to 283K, but remains near 14-year lows

U.S. jobless claims rise to 283K, but remains near 14-year lowsOctober 23, The number of new claims for jobless benefits rose last week but remained near 14-year lows, the latest sign of an improving labor market. Initial claims for unemployment benefits increased by 17,000 to a seasonally adjusted 283,000 in the week ended Oct. 18, the Labor Department said Thursday…

7. EU business activity, China factory sector gain pace, but likely short-lived

EU business activity, China factory sector gain pace, but likely short-livedOctober 23, Euro zone businesses performed much better than forecasters expected this month and China’s vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived. The improvement in purchasing managers’ surveys, released on Thursday…

8. Doctor tests positive for ebola, first case in New York city

Doctor tests positive for ebola, first case in New York cityOctober 24, A physician with Doctors without Borders who returned from West Africa recently and developed potential symptoms was being tested for Ebola at a New York City hospital, health officials said on Thursday, setting off fresh fears about the spread of the virus…

9. UK economic growth slows to 0.7% in third quarter

UK economic growth slows to 0.7% in third quarterOctober 24, The UK economy grew at a slower pace in the third quarter but was still up a solid 0.7%, more than most other advanced economies. The slowdown from growth of 0.9% in the second quarter was in line with most forecasts. But after recent economic indicators showing a weaker housing market…

10. U.S. new home sales rise to 6-year high in September, August numbers sharply revised down

U.S. new home sales rise to 6-year high in September, August numbers sharply revised downOctober 24, Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units…

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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