Top 10 Weekly Forex Market Headlines – 10.18.2013

Kelvin Ching Updated on
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USD vs Major Currencies - Weekly Change ending 10/18/13

1. China: It’s time to build a ‘de-Americanized’ world

China: It’s time to build a ‘de-Americanized’ worldOctober 15, China is taking advantage of the government shutdown and budget crisis on Capitol Hill to push for more favor on the world stage, telling other nations that relying on America to lead in the coming decades would be…
2. Analysis: Janet Yellen could turn out to be ‘quite hawkish’

Analysis: Janet Yellen could turn out to be ‘quite hawkish’October 16, Like her or dislike her, the thing almost everyone who talks about Janet Yellen agrees on is that President Obama’s nominee to chair the Federal Reserve is a dove. Doves, in monetary lingo, worry more about…
3. U.S. shutdown likely to chip away 0.3% from Q4 GDP

U.S. shutdown likely to chip away 0.3% from Q4 GDPOctober 17, U.S. economic growth this quarter is likely to be less robust than forecast last month given the erosion of confidence in the wake of the nasty fight over fiscal policy, a Reuters survey showed on Thursday…
4. Fed’s Fisher sees signs of another U.S. ‘housing bubble’

Fed’s Fisher sees signs of another U.S. ‘housing bubble’October 17, A top Federal Reserve official said on Thursday he is seeing fresh signs of a U.S. “housing bubble” and warned about the central bank’s ongoing purchases of mortgage-based bonds. "I’m beginning to see signs not just in…
5. Japan’s $50 billion stimulus expected to offset impact from sales tax hike: Poll

Japan’s $50 billion stimulus expected to offset impact from sales tax hike: PollOctober 17, Japan’s economy will remain on track as the government prepares a 5 trillion yen ($50.6 billion) stimulus package to offset the drag from a sales tax increase scheduled for next April, a Reuters poll showed…
6. U.S. averts default but shutdown took $24 billion chunk out of economy

U.S. averts default but shutdown took $24 billion chunk out of economyOctober 17, The United States may have dodged an economic catastrophe by raising the debt ceiling and opening the government, but it didn’t emerge from the political debacle unscathed. The 16-day government shutdown took…
7. BoE official warns it may be necessary to raise interest rates as early as 2014

BoE official warns it may be necessary to raise interest rates as early as 2014October 17, The Bank of England warned that interest rates might rise as early as next year as its chief economist said Threadneedle Street’s desire to keep borrowing costs low for several years could be thwarted by a combination of…
8. China, Japan brace for next U.S. budget showdown

China, Japan brace for next U.S. budget showdownOctober 18, Deal or no deal, the U.S. Congress’ dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on…
9. Dollar drops, global stocks climb as Fed seen extending its stimulus well into 2014

Dollar drops, global stocks climb as Fed seen extending its stimulus well into 2014October 18, Expectations the Federal Reserve will keep its stimulus in place for longer because of the U.S. fiscal stand-off’s impact on the economy on Friday pushed a measure of global equity markets to a fresh five-year high and…
10. China GDP rebounds to 7.8% in Q3, but economy seen slowing down in September

China GDP rebounds to 7.8% in Q3, but economy seen slowing down in SeptemberOctober 18, China’s economy grew at its quickest pace this year between July and September in a rebound fuelled largely by investment, although signs are already emerging that the pickup in activity may lose some vigor…
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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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