Top 10 Weekly Forex Market Headlines – 11.14.2014

Kelvin Ching Updated on
top10 kuroda

USD vs Major Currencies - % Weekly Change November 7 - 14, 2014

1. How BOJ’s Kuroda made last-minute proposal to keep his inflation target

How BOJ’s Kuroda made last-minute proposal to keep his inflation targetNovember 10, The main purpose of the Bank of Japan policy board meeting Oct. 31 was supposed to be updating economic forecasts, not making policy changes. But as board members submitted their forecasts, an alarming pattern emerged, according to people familiar with the BOJ’s thinking. Members were marking down their price projections…
2. China’s consumer inflation remains at 5-year low in October

China’s consumer inflation remains at 5-year low in OctoberNovember 10, China’s annual consumer inflation remained near a five-year low in October at 1.6 percent, further evidence that the world’s second-largest economy is cooling and reinforcing expectations that authorities will roll out more measures to support growth. Analysts polled by Reuters had expected annual consumer inflation to be 1.6 percent in October…
3. Ukraine’s hryvnia currency crashes as ceasefire wobbles

Ukraine’s hryvnia currency crashes as ceasefire wobblesNovember 11, Ukraine’s currency lost nearly 5 percent of its value on Monday after a weekend that saw the heaviest shelling in a month hit the main rebel stronghold in the east and signs that Moscow had dispatched troops and tanks to reinforce separatists. The prospect that a two-month-old ceasefire could collapse and all-out war return to eastern Ukraine…
4. Nato: Russian military equipment, combat troops have entered Ukraine

Nato: Russian military equipment, combat troops have entered UkraineNovember 12, Nato officials have seen Russian military equipment and Russian combat troops entering Ukraine this week, its top commander says. “Russian tanks, Russian artillery, Russian air defence systems and Russian combat troops” were sighted, US Gen Philip Breedlove said. Russia’s defence ministry denied…
5. Regulators fine six major banks $4.3 billion in currency probe

Regulators fine six major banks $4.3 billion in currency probeNovember 12, Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation. HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also…
6. U.S. jobless claims climb more than expected to 290,000 last week

U.S. jobless claims climb more than expected to 290,000 last weekNovember 13, Applications for U.S. unemployment benefits rose more than forecast last week, representing a pause from a recent run of readings close to a 14-year low. Jobless claims increased by 12,000 to 290,000 in the week ended Nov. 8, the highest since Sept. 20, a Labor Department report showed today in Washington…
7. Switzerland joins UK, U.S. with criminal investigations over forex manipulation

Switzerland joins UK, U.S. with criminal investigations over forex manipulationNovember 13, Switzerland’s public prosecutor has opened criminal investigations into several individuals over alleged manipulation in the foreign exchange market, becoming the third country to do so after the United States and Britain. A spokeswoman for the prosecutor did not disclose how many people were under investigation nor when the proceedings began…
8. ECB survey shows gloomier euro zone growth, inflation outlook

ECB survey shows gloomier euro zone growth, inflation outlookNovember 13, Professional forecasters have cut their outlook for euro zone inflation and growth, underlining a trend that could prompt the European Central Bank to take more action to kick-start the region’s flagging economy. The 61 economists, academics and others surveyed by the ECB expect euro zone inflation of 1.0 percent next year and 1.4 percent in 2016…
9. U.S. consumer sentiment hits over 7-year high in November

U.S. consumer sentiment hits over 7-year high in NovemberNovember 14, U.S. consumer sentiment rose in November to a more than seven-year high as falling unemployment and lower gasoline prices boosted views on both current conditions and expectations, a survey released on Friday showed…
10. Germany, France perform better than expected but Italy slides back into recession

Germany, France perform better than expected but Italy slides back into recessionNovember 14, Germany and France, two largest eurozone economies, perform better than expected but Italy slides back into recessionGermany and France, the eurozones two largest economies, performed better than expected in the third quarter, with Germany narrowly…
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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