Top 10 Weekly Forex Market Headlines – 03.28.2014

US Dollar vs Major Currencies - Weekly Change

1. China manufacturing growth slows while U.S., euro zone accelerate

China manufacturing growth slows while U.S., euro zone accelerateMarch 24, U.S. manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China’s factory sector stuttered in the early part of 2014, surveys showed…

2. G7 nations threaten to intensify sanctions against Russia

G7 nations threaten to intensify sanctions against RussiaMarch 25, U.S. President Barack Obama and major industrialized allies warned Russia on Monday it faced damaging economic sanctions if President Vladimir Putin takes further action to destabilize Ukraine following the seizure of Crimea…

3. U.S. March consumer confidence jumps to highest level since January 2008

U.S. March consumer confidence jumps to highest level since January 2008March 25, U.S. consumer confidence rose in March to its highest in more than six years as expectations brightened, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes rose to 82.3, the highest since January 2008…

4. U.S. unemployment rate to drop below 6% by end of 2014: Fed’s Bullard

U.S. unemployment rate to drop below 6% by end of 2014: Fed’s BullardMarch 26, The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country’s economy after central bank comments sent shock waves through financial markets last week…

5. ECB to consider negative rates, asset purchases to prevent low inflation

ECB to consider negative rates, asset purchases to prevent low inflationMarch 26, European Central Bank officials sent strong signals Tuesday that they are willing to consider dramatic steps to guard against dangerously low inflation, suggesting the bank is prepared to shed some of its traditionally cautious approach…

6. Top U.S. Fed officials rush to clarify time frame for policy tightening

Top U.S. Fed officials rush to clarify time frame for policy tighteningMarch 26, Top Federal Reserve officials rushed on Tuesday to clarify just when the U.S. central bank would finally tighten monetary policy after comments last week from Fed Chair Janet Yellen intensified a guessing game among investors…

7. Citigroup among 5 banks to fail Fed’s stress test, 25 banks pass

Citigroup among 5 banks to fail Fed’s stress test, 25 banks passMarch 27, The Federal Reserve approved the capital plans of 25 of the nation’s 30 largest banks on Wednesday as part of the final leg of its annual required stress tests. Citigroup was the most notable bank among those that had their capital plans rejected…

8. Upward revision in Q4 GDP, jobless claims data brightens U.S. economic outlook


Upward revision in Q4 GDP, jobless claims data brightens U.S. economic outlook
March 27, The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill…

9. U.S. consumer spending, incomes rise but sentiment dips

U.S. consumer spending, incomes rise but sentiment dipsMarch 28, U.S. consumer spending increased in February, but a dip in sentiment this month offered confirmation that economic growth slowed in the first quarter. The Commerce Department said on Friday that consumer spending rose 0.3 percent last month after gaining 0.2 percent in January.

10. U.S. data, China stimulus lift world stocks, bond yields fall in Eurozone

U.S. data, China stimulus lift world stocks, bond yields fall in EurozoneMarch 28, Global equity markets rose on signs China will step in to support a cooling economy and on mostly promising U.S. data, while government bonds yields fell across the euro zone on renewed bets the European Central Bank will ease policy next week…

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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