Top 10 Weekly Forex Market Headlines – 10.25.2013

Kelvin Ching Updated on
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Weekly Percentage Change - USD vs. Major Currencies - Oct. 25, 2013

1. U.S. September home resales drop, prices rise at slowest pace in five months

U.S. September home resales drop, prices rise at slowest pace in five monthsOctober 21, U.S. home resales fell in September and prices rose at their slowest pace in five months, the latest signs higher mortgage rates were taking some edge off the housing market recovery…
2. Japan exports fall sharply in September due to slow demand in Asia

Japan exports fall sharply in September due to slow demand in AsiaOctober 21, Japan’s export growth fell well short of expectations in September as the country posted a record run of trade deficits, a sign that slowing demand in Asia is taking the shine off Prime Minister Shinzo Abe’s stimulus policies…
3. Dollar, global equity markets gain as Fed taper seen delayed until next year

Dollar, global equity markets gain as Fed taper seen delayed until next yearOctober 21, The dollar gained and global equity markets traded at five-year highs on Monday, lifted by a healthy outlook for stocks as markets awaited a backlog of U.S. economic data…
4. U.S. unemployment rate falls to 7.2%, but hiring slows to 148K jobs in September

U.S. unemployment rate falls to 7.2%, but hiring slows to 148K jobs in SeptemberOctober 22, The unemployment rate fell to its lowest level since November 2008, but the government’s latest jobs report still shows a muddled picture of the economy…
5. Traders bet Fed will raise rates no earlier than April 2015: U.S. government report

Traders bet Fed will raise rates no earlier than April 2015: U.S. government reportOctober 23, Traders are betting the Federal Reserve will wait well into 2015 to raise interest rates after a U.S. government report showed the labor market lost steam even before this month’s government shutdown…
6. U.S. jobless claims miss forecasts, manufacturing grows at slowest pace in a year

U.S. jobless claims miss forecasts, manufacturing grows at slowest pace in a yearOctober 24, The number of Americans filing new claims for unemployment benefits fell less than expected last week, but a lingering backlog of applications in California…
7. China GDP set to grow 7.6% in 2013, 7.4% growth forecast for 2014: Poll

China GDP set to grow 7.6% in 2013, 7.4% growth forecast for 2014: PollOctober 24, China’s economy is set to grow 7.6 percent in 2013, beating the government’s 7.5 percent target, before losing some steam next year as the government forges ahead with structural reforms…
8. China HSBC flash manufacturing PMI hits 7-month high in October

China HSBC flash manufacturing PMI hits 7-month high in OctoberOctober 24, Strong new orders drove the fastest expansion in China’s manufacturing sector in seven months in October, a preliminary survey showed on Thursday…
9. U.S. durable goods orders, consumer sentiment fall on government shutdown

U.S. durable goods orders, consumer sentiment fall on government shutdownOctober 25, Orders for a wide range of U.S.-made capital goods plummeted in September and consumer sentiment weakened sharply in October…
10. UK GDP rises by 0.8% in third quarter, fastest growth in 3 years

UK GDP rises by 0.8% in third quarter, fastest growth in 3 yearsOctober 25, Britain’s economy picked up more speed between July and September, growing at its fastest pace in more than three years and building on…
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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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