Top 10 Weekly Forex Market Headlines – 10.31.2014

Kelvin Ching Updated on
top10 ecb 13 banks capital

US Dollar against Major Currencies - % Weekly Change | October 24 ~ 31, 2014

1. ECB says 13 banks still need $12 billion in extra capital

ECB says 13 banks still need $12 billion in extra capitalOctober 27, Hoping to quell years of anxiety about Europe’s financial health, regulators said Sunday that all but 13 of the continent’s leading banks have enough capital to ride out another economic storm. The European Central Bank and the European Banking Authority announced the results of a nearly yearlong effort to assess the finances of 150 banks, identifying 13 that still need to come up with a total of €9.5 billion ($12 billion) in extra capital…
2. Global stocks slip on weak German business sentiment, drop in oil price

Global stocks slip on weak German business sentiment, drop in oil priceOctober 27, European shares and the euro gave up early gains as weakening German business morale doused investor enthusiasm over slightly better-than-expected bank stress test results. Most government bond yields stayed lower on the day…
3. Japan retail sales rise 2.3% in September, beats forecast of 0.6%

Japan retail sales rise 2.3% in September, beats forecast of 0.6%October 28, Japanese retail sales rose 2.3 percent in September from a year earlier, government data showed on Tuesday, suggesting consumer spending is gradually picking up. The rise was more than a 0.6 percent increase expected by economists in a Reuters poll and was the fastest increase since March…
4. U.S. home prices post smallest annual growth since November 2012

U.S. home prices post smallest annual growth since November 2012October 28, Home prices in 20 U.S. cities rose at a weaker pace in the year ended in August as borrowing standards remain tight and wage gains fail to accelerate. The S&P/Case-Shiller index of property values increased 5.6 percent from August 2013, the smallest gain since November 2012…
5. Durable goods orders in U.S. slump, but consumer confidence jumps

Durable goods orders in U.S. slump, but consumer confidence jumpsOctober 28, Demand for U.S.-made capital goods recorded its biggest drop in eight months in September, a cautionary note for an economy that otherwise seems to be moving forward at a steady clip. A moderation in home price gains in August, also reported on Tuesday, offered a further suggestion the economy may have cooled a bit…
6. Fed ends bond buying, sees sufficient underlying strength in the U.S. economy

Fed ends bond buying, sees sufficient underlying strength in the U.S. economyOctober 30, The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as “significant” in a show of confidence in the economy’s prospects. In a statement after a two-day meeting…
7. U.S. economy grew 3.5% in third quarter, beats expectations

U.S. economy grew 3.5% in third quarter, beats expectationsOctober 30, The American economy had a smooth summer. Gross domestic product increased 3.5% between July and September, according to the U.S. Commerce Department. It exceeded analysts’ expectations and offered more proof of an economy gaining momentum…
8. Euro zone inflation rises by 0.4% in October as expected

Euro zone inflation rises by 0.4% in October as expectedOctober 31, Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week. A first estimate on Friday from the European Union’s statistics office showed…
9. Consumer spending in the U.S. stumbles as wage gains hit 6-year high

Consumer spending in the U.S. stumbles as wage gains hit 6-year highOctober 31, U.S. consumer spending fell for the first time in eight months in September, but a rise in consumer sentiment to more than a seven-year high this month indicated economic growth would remain on solid ground. The economic picture also received a boost from other data on Friday…
10. U.S. stocks jump as Bank of Japan cranks up stimulus

U.S. stocks jump as Bank of Japan cranks up stimulusOctober 31, The Dow industrials hit a record high on Friday as stocks rallied on Wall Street after the Bank of Japan significantly ramped up its stimulus program, just days after the Federal Reserve wound down its years-long package of incentives…
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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