China manufacturing contracts again, U.S. and euro zone growth ease in August

China’s giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. Stocks on major markets tumbled along with commodity prices following the data, with markets still trying to gauge the likelihood of a September interest rate hike by the Federal Reserve…

Top 10 Weekly Forex Market Headlines – August 7, 2015

1. Greek shares plummeted on opening day after five-week shutdown August 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 […]

Top 10 Weekly Forex Market Headlines – 06.05.2015

1. China manufacturing contracts for 3rd straight month as export orders near 2-year lows June 1, Activity in China vast factory sector shrank for a third consecutive month in May as export orders contracted at the sharpest rate in nearly two years, a private survey showed on Monday, suggesting China remains locked in an economic […]

China manufacturing remains weak, South Korea exports hit 6-years low

China’s manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for bolder stimulus measures. Japanese manufacturers, however, saw a rebound in new orders while Indian factories enjoyed solid domestic demand…

Top 10 Weekly Forex Market Headlines – 05.22.2015

1. No end in sight yet to low rates, easy monetary policy May 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 […]

Top 10 Weekly Forex Market Headlines – 2.6.2015

1. U.S. consumer spending slips 0.3% in December, largest drop since 2009 February 6, U.S. consumer spending recorded its biggest decline since late 2009 in December with households saving the extra cash from cheaper gasoline. Other data on Monday showed factory activity cooled in January, suggesting the economy may have entered the new year on […]

Top 10 Weekly Forex Market Headlines – 12.05.2014

1. Euro zone manufacturing PMI sinks to 50.1, lowest level since June 2013 December 1, Euro zone manufacturing growth stalled in November and new orders fell at the fastest pace in 19 months despite heavy price cutting, painting a bleak picture for the coming months, a survey showed on Monday. Also worryingly for policymakers at […]

China manufacturing sector growth slows in November as demand remains sluggish

(Reuters) – Growth in China’s manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. The median forecast from 12 economists in the poll was that the official manufacturing Purchasing Managers’ Index (PMI) for November will be 50.6, slightly lower than October’s 50.8. The survey will be released on Monday…

Top 10 Weekly Forex Market Headlines – 10.24.2014

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

Top 10 Weekly Forex Market Headlines – 09.19.2014

1. Investors shift focus to ‘Great Stagnation’ fears September 22, Scotland’s rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the “Great Stagnation”, and how to avoid it. The Group of 20 leading nations, meeting at […]

Top 10 Weekly Forex Market Headlines – 08.22.2014

1. Israel resumes air strikes after rockets are fired from Gaza August 19, The temporary ceasefire between Israel and Hamas was in jeopardy on Tuesday after rockets were fired from Gaza, triggering a swift military and political response from Israel. The Israel Defence Forces (IDF) said it was targeting “terror sites across the Gaza Strip” […]

China July trade surplus hits record $47.3 billion, but domestic economy still a worry

BEIJING (Reuters) – China’s buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector. While manufacturing appears to have picked up in the world’s second-largest economy…

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