Top 10 Weekly Forex Market Headlines – August 7, 2015

US Dollar vs Major Currencies - % Weekly Change | July 31 ~ August 7, 2015

Newsletter

Zero spam.

I agree to have my personal information transfered to Interspire Email Marketer ( more information )
1. Greek shares plummeted on opening day after five-week shutdown

Greek shares plummeted on opening day after five-week shutdownAugust 3, Investors issued a vote of no confidence in Greece’s economy on Monday, dumping Greek stocks as trading on the Athens stock exchange resumed for the first time in five weeks. A plunge of more than 16 percent for the main Greek index and a 30 percent sell-off for bank stocks were the latest signs of Greece’s shattered economy. But the resumption of trading was a necessary step as Greece tries to emerge from controls on financial activity that the government…

2. Data shows China’s manufacturing sector is struggling

Data shows China’s manufacturing sector is strugglingAugust 2, China’s factories hit an unexpected speed bump in July, hiking concerns about slower growth in the world’s second-largest economy. The government’s official purchasing managers’ index hit 50.0 in July, according to the National Bureau of Statistics, down from 50.2 the previous month. Any number below 50 represents a deceleration in the manufacturing sector. A separate…

3. U.S. factory activity slips in July, consumer spending slows

U.S. factory activity slips in July, consumer spending slowsAugust 3, U.S. consumer spending in June advanced at its slowest pace in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter. But the moderation in consumer spending could be temporary as some automakers on Monday reported stronger-than-expected U.S. sales in July, which kept the industry on a pace for its best year in a decade…

4. Beijing accuses ‘illegal short sellers’ of fueling China’s stock market crash

Beijing accuses ‘illegal short sellers’ of fueling China’s stock market crashAugust 4, Chinese brokerages have stopped executing short sales after officials tightened trading rules in a new attempt to shore up the country’s stock market. Short sellers borrow and then sell shares, betting they can buy them back later at a cheaper price — and pocket the difference. Only approved brokers are allowed to engage in short selling in China…

5. UK services companies grew less than expected in July

UK services companies grew less than expected in JulyAugust 5, British services companies grew less than expected last month as hiring eased to its slowest pace since March 2014, suggesting the economic recovery weakened at the start of the second half of this year. Wednesday’s Markit/Cips services purchasing managers’ index (PMI) fell to 57.4 in July from 58.5 in June, undershooting a Reuters forecast for 58.0 but still indicating expansion among services businesses…

6. U.S. private job growth slows but services sector hits near 10-year high

U.S. private job growth slows but services sector hits near 10-year highAugust 5, U.S. private job growth slowed in July, but a surge in services industry activity to a near-decade high suggested solid economic momentum that strengthens the case for a Federal Reserve interest rate hike this year. The firm domestic fundamentals were underscored by another report on Wednesday showing an increase in imports of food, automobiles, industrial supplies and consumer goods in June…

7. Bank of England says it was in no hurry to raise interest rates

Bank of England says it was in no hurry to raise interest ratesAugust 6, Relief rippled through UK markets on Thursday after the Bank of England indicated it was in no hurry to raise interest rates while fears that U.S. rates are set to rise from crisis-era lows continued to hurt emerging markets. Many investors were keeping moves small ahead of U.S. jobs data on Friday that could give a strong pointer to when the Federal Reserve will raise rates for the first time in nearly a decade. U.S. equity futures SPc1 were up 0.2 percent…

8. U.S. jobless claims rise but still point to strengthening labor market

U.S. jobless claims rise but still point to strengthening labor marketAugust 6, The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 270,000 for the week ended Aug. 1, the Labor Department said on Thursday. It was the 22nd consecutive week that claims held below the 300,000 threshold, which is associated with a strengthening labor market…

9. U.S. nonfarm payrolls rise 215,000 in July, wages rebound

U.S. nonfarm payrolls rise 215,000 in July, wages reboundAugust 7, U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction and manufacturing jobs offset further declines in the mining sector, the Labor Department said on Friday. The unemployment rate held at a seven-year low of 5.3 percent…

10. EU officials to check on progress in Greek third bailout talks

EU officials to check on progress in Greek third bailout talksAugust 7, Senior EU officials will confer by telephone late on Friday on progress in negotiations between Greece and its international creditors on a third bailout for the near-bankrupt euro zone country with Germany reported to be warning against haste. Greek Prime Minister Alexis Tsipras is trying to force the pace of the talks, keen to wrap up agreement on sensitive economic reforms by mid-August…
 

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.

Speak Your Mind

*

Newsletter

Zero spam.

I agree to have my personal information transfered to Interspire Email Marketer ( more information )