Top 10 Weekly Forex Market Headlines – 10.11.2013

Kelvin Ching Updated on
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USD vs Major Currencies - Weekly Change Ending Oct. 11, 2013

1. A U.S. default would be catastrophic, what can an investor do?

A U.S. default would be catastrophic, what can an investor do?October 7, A U.S. default would be catastrophic to your portfolio but so would selling before a deal. Every investor should be afraid of a U.S. government debt default. But tearing a portfolio apart because of the risk of a default is risky, too…
2. Draft budget forecast signals end to Greece recession in 2014

Draft budget forecast signals end to Greece recession in 2014October 7, Greece will emerge from six years of recession next year, a draft budget forecast on Monday, signaling the country is past the worst of a crippling debt crisis that nearly broke Europe’s single currency…
3. World Bank cuts developing East Asia, China GDP forecasts for 2013 and 2014

World Bank cuts developing East Asia, China GDP forecasts for 2013 and 2014October 7, The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation…
4. What happens if U.S. defaults on its debts?

What happens if U.S. defaults on its debts?October 7, Even in a default, many investors would see Treasuries as safer than stocks. FORTUNE — As Congress seems nowhere closer to resolving the nation’s budget problems on day four of the government shutdown…
5. IMF cuts global economic outlook to 2.9%, slowest growth since 2009

IMF cuts global economic outlook to 2.9%, slowest growth since 2009October 8, The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world…
6. Why the Fed is not likely to taper until 2014

Why the Fed is not likely to taper until 2014
October 9, When it comes to the government shutdown and possibility of a debt default, the Federal Reserve can’t save the day — but that may not stop it from trying to soften the blow to the U.S. economy…
7. U.S. House Republicans to consider a temporary debt limit increase

U.S. House Republicans to consider a temporary debt limit increaseOctober 10, U.S. House of Representatives Republicans are still weighing a short-term debt-limit increase, possibly for six weeks, with no decisions going into a closed-door party meeting on Thursday…
8. ECB will be attentive to market rates, ready to act if they rise too high: Draghi

ECB will be attentive to market rates, ready to act if they rise too high: DraghiOctober 11, European Central Bank President Mario Draghi said the central bank is looking carefully at money market interest rates and is ready to act if they rise too high…
9. Unemployment claims jump to biggest one-week rise since November 2012

Unemployment claims jump to biggest one-week rise since November 2012October 11, First-time claims for unemployment benefits suddenly jumped last week, marking the biggest one-week rise since Superstorm Sandy left thousands of people temporarily out of work….
10. Janet Yellen as Fed chief: Questions she will likely face for Fed confirmation

Janet Yellen as Fed chief: Questions she will likely face for Fed confirmationOctober 11, U.S. lawmakers unhappy with the Federal Reserve will have a prime opportunity to vent their concerns when the Senate Banking Committee vets Janet Yellen as next chair of the Fed…
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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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