Top 10 Weekly Forex Market Headlines – 10.10.2014

Kelvin Ching Updated on
top10 greece 2015 budget

US Dollar vs Major Currencies - % Weekly Change | October 3 ~ 10, 2014

1. Greece eyes budget surplus of 2.9% in 2015

Greece eyes budget surplus of 2.9% in 2015October 6, Greece will aim to achieve a primary budget surplus of 2.9 percent of output next year, just shy of the 3 percent target set out under its bailout deal, its deputy finance minister said in an interview published Saturday. The target is part of a 2015 draft budget that Athens will submit to parliament on Monday…
2. IMF cuts 2015 global growth outlook to 3.8%

IMF cuts 2015 global growth outlook to 3.8%October 7, The International Monetary Fund cut its outlook for global growth in 2015 and warned about the risks of rising geopolitical tensions and a financial-market correction as stocks reach “frothy” levels. The world economy will grow 3.8 percent next year, compared with a July forecast for 4 percent, after a 3.3 percent expansion this year…
3. Catalonia will decide by Oct 15 whether to push ahead with referendum vote

Catalonia will decide by Oct 15 whether to push ahead with referendum voteOctober 7, The government of the northeastern Spanish region of Catalonia will decide by October 15 whether to push ahead with a contested referendum on separation from the rest of Spain, a spokesman said on Monday. Catalonia, with a population of 7.5 million people, its own language and accounting for a fifth of Spain’s economy…
4. OECD says major economies show stable growth, but concerned about euro zone outlook

OECD says major economies show stable growth, but concerned about euro zone outlookOctober 8, Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday. The figures from the Paris-based Organisation for Economic Cooperation and Development added to a range of recent surveys…
5. Poland threatens Russia with tougher EU sanctions over Ukraine crisis

Poland threatens Russia with tougher EU sanctions over Ukraine crisisOctober 8, The European Union will impose tougher sanctions on Russia unless Moscow’s policy in Ukraine changes, Polish Foreign Minister Grzegorz Schetyna said on Tuesday. Since a ceasefire was agreed between pro-Moscow separatists and Ukraine’s government a month ago…
6. Argentina rejects IMF’s forecasts for recession in 2014-15

Argentina rejects IMF’s forecasts for recession in 2014-15October 8, Argentina on Wednesday rebutted the International Monetary Fund’s forecasts for recession this year and next, reiterating its own estimates for economic growth as doubts over the credibility of its data grow. The IMF said on Tuesday in its flagship World Economic Outlook report that it saw Latin America’s No. 3 economy contracting 1.7 percent this year and 1.5 percent next year…
7. U.S. jobless claims hit 8-year low to pre-recession level

U.S. jobless claims hit 8-year low to pre-recession levelOctober 9, The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4…
8. Fed minutes reveal concerns over global slowdown, dollar strength

Fed minutes reveal concerns over global slowdown, dollar strengthOctober 9, Federal Reserve officials have become more concerned that weak overseas growth and a strengthening U.S. dollar will crimp the domestic economy and hold down inflation, an outlook that has made them more inclined to stick to low interest rates. Several officials worried at a Sept. 16-17 policy meeting that disappointing growth in Europe…
9. China GDP expected to slow to 7.3% in third quarter

China GDP expected to slow to 7.3% in third quarterOctober 10, China’s economy likely grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, a Reuters poll showed, raising the chances of more aggressive policy steps that may include cutting interest rates…
10. ECB’s Draghi commits to boost inflation, enact more stimulus if needed

ECB’s Draghi commits to boost inflation, enact more stimulus if neededOctober 10, European Central Bank President Mario Draghi on Thursday offered a firm assurance that the ECB will successfully boost inflation from its ultralow levels, and that it is willing to enact more monetary stimulus if needed. His comments suggest that, even after significant easing steps in June and September…
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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