Top 10 Weekly Forex Market Headlines – 04.03.2015

US Dollar vs Major Currencies % Weekly Change | Mar. 27 ~ Apr. 3, 2015

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1. Yellen signals rate hikes likely to start later this year

Yellen signals rate hikes likely to start later this yearMarch 30, Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. A downturn in core inflation or wage growth could force the Fed to delay the first increase to borrowing costs since 2006…

2. Inflation in China is declining, we need to have vigilance: PBoC governor

Inflation in China is declining, we need to have vigilance: PBoC governorMarch 30, China’s central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices. Zhou’s comments are likely to add to concerns that China is in danger of slipping into deflation and underline increasing nervousness among policymakers as the economy continues…

3. EU/IMF lenders dismiss Greece’s reforms package

EU/IMF lenders dismiss Greece’s reforms packageMarch 31, Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday. The lack of a deal further raises pressure on Athens, which faces the prospect of running out of money in a few weeks unless it can convince lenders to dole out more financial help…

4. China growth to dip below 7%, three separate surveys shows

China growth to dip below 7%, three separate surveys showsApril 1, Surveys of China’s factory and services sectors showed stubborn weakness in the world’s second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. Three separate surveys showed Chinese companies shed jobs last month as they struggled with soft demand and deflationary pressures…

5. EU manufacturing activity unexpectedly grew at fastest pace in 10 months

EU manufacturing activity unexpectedly grew at fastest pace in 10 monthsApril 1, Manufacturing activity in the eurozone grew more rapidly during March than first estimated and at the fastest pace in 10 months, according to surveys of purchasing managers, while the weaker euro boosted new orders from overseas buyers. The surveys showed that the weakening currency has also raised costs for manufacturers by lifting import prices, but businesses nevertheless continued to cut the prices…

6. U.S. private sector adds 189,000 jobs in February, near 2-year low

U.S. private sector adds 189,000 jobs in February, near 2-year lowApril 1, U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter. Activity braked in the first quarter, held back by bad weather, a strong dollar, weaker overseas demand and a now-settled labor dispute at the country’s busy West Coast ports…

7. China services PMI inches higher in March but employment, new business fall

China services PMI inches higher in March but employment, new business fallApril 4, China’s services sector expanded in March even as growth in employment and new business fell to their lowest in at least eight months, a private survey showed on Friday, in yet another sign that the weak Chinese economy may need more policy aid. The HSBC/Markit China Services Purchasing Managers’ Index (PMI) inched higher…

8. Greece will pay loan tranche to IMF on time, says deputy finance minister

Greece will pay loan tranche to IMF on time, says deputy finance ministerApril 4, Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days. Greece is fast running out of cash and its euro zone and International Monetary…

9. U.S. nonfarm payrolls rose only 126,000 in March, jobless rate held steady

U.S. nonfarm payrolls rose only 126,000 in March, jobless rate held steadyApril 4, U.S. employers added the fewest number of jobs in more than a year in March, the latest sign of weakness in the economy and one likely to further delay an anticipated interest rate increase by the Federal Reserve. Nonfarm payrolls rose 126,000 last month, less than half February’s pace and the smallest gain…

10. Brent oil sinks nearly 4% after announcement of preliminary Iran nuclear deal

Brent oil sinks nearly 4% after announcement of preliminary Iran nuclear dealApril 4, Brent oil fell nearly 4 percent on Thursday after a preliminary pact between Iran and global powers on Tehran’s nuclear program, even as officials set further talks in June and analysts questioned when the OPEC member will be allowed to export more crude. Traders had been fixated on the talks held in Lausanne….

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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