Top 10 Weekly Forex Market Headlines – 05.22.2015

US Dollar vs Major Currencies - % Weekly Change | May 15~22, 2015

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1. No end in sight yet to low rates, easy monetary policy

No end in sight yet to low rates, easy monetary policyMay 18, Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror. With Wall Street’s benchmark stock index near a record high and bond yields on the rise, the coming week is packed with important global data releases and policy minutes from three major central banks, including the U.S. Federal Reserve…

2. Oil prices fall on high supply outlook, despite Mideast violence

Oil prices fall on high supply outlook, despite Mideast violenceMay 18, Brent crude oil prices declined on Monday after Goldman Sachs slashed its forecasts on a persistently high supply outlook, offsetting fears over deepening violence in the Middle East. A major advance by Islamic State militants in Iraq and renewed air strikes by a Saudi-led coalition against Houthi militia in Yemen heightened concerns that turmoil could impact Middle East oil production…

3. Weak yen pumps up record profits for Japanese companies

Weak yen pumps up record profits for Japanese companiesMay 19, Japanese companies made record profits in the latest financial year at a rate not seen since before the global financial crisis, thanks partly to a weaker yen that fattened earnings of big exporters. Domestic demand in Japan remained soft throughout the year, largely because of a tax increase in April, but exporters such as Toyota Motor Corp…

4. UK consumer price inflation falls below zero for first time since 1960

UK consumer price inflation falls below zero for first time since 1960May 19, Inflation in Britain has turned negative for the first time in more than half a century, giving a boost to household finances and bolstering expectations that interest rates will remain at a record low for the rest of this year. The Office for National Statistics said its consumer price index measure of inflation was down 0.1% in April from a year ago. That compared with the inflation rate at zero in February and March…

5. Deutsche Bank to cut UK operations if country pulls out of the European Union

Deutsche Bank to cut UK operations if country pulls out of the European UnionMay 19, Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain’s EU referendum is known. Prime Minister David Cameron has promised to renegotiate Britain’s relationship with the EU and then hold a vote by the end of 2017 on whether to stay in the bloc or leave…

6. Japan Q1 GDP grows 2.4%, but slower expansion ahead

Japan Q1 GDP grows 2.4%, but slower expansion aheadMay 20, Here’s the good news: Japan’s economy is posting strong growth. But the bad news? Economists are warning there’s slower expansion ahead for Asia’s second-largest economy. Gross domestic product grew by an annualized 2.4% in the three months ended March, Japan’s Cabinet Office said Monday. The figures were better than what most experts were expecting, and stronger than last quarter’s growth…

7. Euro sinks to 2-week lows after Greece said it may miss a debt repayment

Euro sinks to 2-week lows after Greece said it may miss a debt repaymentMay 20, The euro slid to two-week lows on Wednesday after a Greek official said the country may miss a debt repayment, while U.S. and European equity markets held close to recent highs as traders awaited signals on Federal Reserve interest rate shifts. U.S. Treasuries inched up on safe-haven buying caused by worries that Greece may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless foreign lenders distribute more aid…

8. Schaeuble says Greek’s optimism of clinching deal within days not backed by negotiations

Schaeuble says Greek’s optimism of clinching deal within days not backed by negotiationsMay 21, German Finance Minister Wolfgang Schaeuble has told Reuters the Greek government’s optimism about clinching a cash-for-reforms deal with its lenders within days is not backed up by the negotiations, and he cannot rule out Greece becoming insolvent. Greek Finance Minister Yanis Varoufakis said on Monday that an agreement could be reached within a week…

9. U.S., EU business growth slow in May, China manufacturing contracts again

U.S., EU business growth slow in May, China manufacturing contracts againMay 21, Euro zone business growth was weaker than expected this month and factory activity in Asia’s top two economies remained stuck in low gear, putting the onus squarely on the United States to drive a pick-up in global growth. An absence of inflation pressures suggested Asian authorities could inject more stimulus if needed, while growth in the troubled currency union weakened just two months after the ECB…

10. U.S. consumer prices edge up 0.1% in April

U.S. consumer prices edge up 0.1% in AprilMay 22, The U.S. cost of living excluding what households pay for food and fuel climbed more than forecast in April, indicating inflation is gravitating toward the Federal Reserve’s goal. The core consumer-price index rose 0.3 percent, the biggest gain since January 2013 and reflecting broad-based increases, a Labor Department report showed Friday. In the last three months…

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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