Top 10 Weekly Forex Market Headlines – 05.15.2015

Kelvin Ching Updated on
top10 global stocks ease china rate

US Dollar vs Major Currencies - % Weekly Change | May 8~15, 2015

1. Global stocks ease after China rate cut, Grexit fears

Global stocks ease after China rate cut, Grexit fearsMay 11, Global equity markets eased on Monday after a cut in Chinese interest rates initially kept shares near record highs, but a lack in progress in resolving Greece’s financial woes weighed on stocks and weakened the euro against the dollar. Gains by mining stocks helped to support some European equities after the rate cut in China, the world’s biggest consumer of copper and other metals…
2. U.S. home prices rise in 148 metro areas, 51 markets see double-digit growth

U.S. home prices rise in 148 metro areas, 51 markets see double-digit growthMay 12, The number of metropolitan areas that saw double-digit percentage increases in home prices more than doubled during the first quarter, reflecting a mix of thin supply and strong demand that points to heated competition for home buyers. Fifty-one metro areas posted year-over-year double-digit price increases compared with 24 metro areas in the fourth quarter of 2014…
3. Three reasons to breathe slightly easier about Greece

Three reasons to breathe slightly easier about GreeceMay 13, Finally, some positive news about Greece. After months of unproductive — and occasionally undiplomatic — exchanges with its creditors, the Greek government is finally inching toward a deal that would unlock the billions of euros in bailout funds it so desperately needs to avoid crashing out of the euro. Here are three reasons to breathe (slightly) more easily…
4. China money supply slows, investment growth sinks near 15-year low in April

China money supply slows, investment growth sinks near 15-year low in AprilMay 13, China’s money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world’s second-largest economy was still losing momentum despite a concentrated burst of policy easing. Wednesday’s data added to concerns that Beijing’s growth target of around 7 percent for the year is already at risk…
5. UK wage growth jumps above 2%, jobless rate falls to 5.5% in March

UK wage growth jumps above 2%, jobless rate falls to 5.5% in MarchMay 13, Britain’s consumer-led recovery should extend into the summer after wage growth jumped above 2% and unemployment fell in March, according to official figures.
The pound jumped more than a cent against the dollar after the news. Analysts said the rise in wages could push the Bank of England to bring forward its first interest rate rise since 2007 to later this year, rather than in 2016…
6. France and Italy boost Eurozone GDP, Germany growth slows

France and Italy boost Eurozone GDP, Germany growth slowsMay 13, A return to expansion in France and Italy helped boost eurozone economic growth in the first three months of 2015 to its fastest pace in nearly two years, raising hopes that recovery is finally broadening in long-stagnant Europe. However, a stumble in growth in Germany—the eurozone’s largest economy and the region’s engine of growth in recent quarters—highlighted the fragility of the recovery…
7. U.S. retail sales remain flat in April on weak autos, big-ticket items

U.S. retail sales remain flat in April on weak autos, big-ticket itemsMay 13, U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to rebound strongly after barely growing in the first quarter. The weak retail sales report from the Commerce Department, and other data on Wednesday showing the 10th straight month of declining import prices…
8. Dollar near January levels, global stocks rise after U.S. producer price inflation data

Dollar near January levels, global stocks rise after U.S. producer price inflation dataMay 14, The U.S. dollar was near its lowest since January against a currency basket on Thursday after a lower-than-expected reading of U.S. producer price inflation, while global stock markets rose. U.S. Treasury yields fell as some corporate debt issuance that has weighed on the market passed. German government bonds held relatively steady, after a dramatic two-and-a-half week selloff…
9. What would ‘Brexit’ from the EU look like?

What would ‘Brexit’ from the EU look like?May 14, David Cameron’s electoral triumph has brought the prospect of a British withdrawal from the EU one step closer. The prime minister has vowed to reshape Britain’s ties with Europe before putting EU membership to a vote by 2017. But what would “Brexit” – a British exit from the 28-nation EU – look like? Eurosceptics argue that withdrawal would reverse immigration…
10. Jobless claims fall to 15-year low, inflation remains muted

Jobless claims fall to 15-year low, inflation remains mutedMay 14, The number of Americans filing new claims for unemployment benefits fell last week to near a 15-year low, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. Despite the tightening labor market, a strong dollar and lower oil prices are keeping inflation under wraps…
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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