Top 10 Weekly Forex Market Headlines – 2.13.2015

Kelvin Ching Updated on
top10 snb franc intervention

US Dollar vs Major Currencies - % Weekly Change | February 6~13, 2015

1. Swiss sight deposits point to possible SNB franc intervention

Swiss sight deposits point to possible SNB franc interventionFebruary 9, The amount of cash commercial banks hold with the Swiss National Bank crept up slightly last week, adding to signs that the central bank may have intervened to weaken the franc since removing the currency’s cap last month. The SNB on Jan. 15 scrapped the 1.20-per-euro cap it imposed on the Swiss franc in September 2011, surprising financial markets. Maintaining the policy would have cost the bank 100 billion francs…
2. China inflation sinks to 5-year low in January

China inflation sinks to 5-year low in JanuaryFebruary 10, China’s annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth. The risk of deflation is rising for the world’s second-largest economy as a property market downturn and widespread factory overcapacity have been compounded by an uncertain global outlook…
3. Eurogroup has ‘low expectations’ on clinching interim debt deal with Greece


Eurogroup has ‘low expectations’ on clinching interim debt deal with GreeceFebruary 10, The European Union is aiming to clinch an interim debt deal with Greece at a meeting of euro zone finance ministers on Monday, with “low expectations” for a breakthrough at meetings of ministers and EU leaders this week. Euro zone finance ministers, collectively known as the Eurogroup, meet on Wednesday and next Monday and EU leaders at a summit, or European Council, this Thursday…
4. G20 leaders back currency depreciation to boost growth

G20 leaders back currency depreciation to boost growthFebruary 11, The world’s top finance leaders on Tuesday in effect backed currency depreciation as a tool for promoting growth by signaling strong support for aggressive easy-money policies aimed at boosting the fragile global economy. The support by finance ministers and central bankers from the Group of 20 largest economies for mass monetary easing…
5. Ukraine holds peace talks as fighting continues

Ukraine holds peace talks as fighting continuesFebruary 11, The leaders of France, Germany, Russia and Ukraine began peace talks in Belarus on Wednesday, while in Ukraine pro-Moscow separatists tightened the pressure on Kiev by launching some of the war’s worst fighting. The Kiev army said 19 of its soldiers were killed in a day of pro-Russian separatist assaults near the railway town of Debaltseve, some of the worst losses it has reported in nine months of war…
6. Bank of England says UK heading into negative inflation

Bank of England says UK heading into negative inflationFebruary 12, Britain is sliding towards its first bout of negative inflation in more than half a century, the Bank of England has said, but strong economic growth should stave off the threat of a deflationary spiral. The slump in oil prices and falling food prices is likely to push inflation to zero in the second and third quarters of 2015, probably dipping into negative territory for one or two months this spring, the Bank said in its February inflation report…
7. Australia’s jobless rate climbs to 6.4% in December, highest in 12-1/2 years

Australia’s jobless rate climbs to 6.4% in December, highest in 12-1/2 yearsFebruary 12, Australia’s jobless rate rose to the highest level in almost 12-and-a-half years, affirming the central bank’s decision this month to deliver a surprise interest-rate cut and signal more to come. Unemployment climbed to a higher-than-expected 6.4% in January from 6.1% in December, government figures showed Thursday, indicating the economy is shedding jobs faster than the central bank had anticipated…
8. U.S. retail sales slips for 2nd straight month in January

U.S. retail sales slips for 2nd straight month in JanuaryFebruary 12, U.S. consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note. Sluggish spending came despite cheap gasoline and a buoyant labor market, leaving economists to speculate that consumers were using the extra income to pay down debt and boost savings…
9. Greek government says to do ‘whatever we can’ to secure debt deal next week

Greek government says to do 'whatever we can' to secure debt deal next weekFebruary 13, The Greek government promised to do “whatever we can” to secure a deal with its international creditors next week, cheering investors as experts from both sides began technical talks on Friday to lay the ground for an accord. Fear of financial chaos have seen savers taking their cash out of Greek banks. Banking sources said this was the reason the European Central Bank offered…
10. Euro zone economy gets boost from Germany in Q4 2014: Eurosta


Euro zone economy gets boost from Germany in Q4 2014: EurostatFebruary 13, Euro zone economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc’s largest member, Germany, expanded at more than twice the expected rate. A preliminary estimate showed the economy of the 18 countries sharing the euro expanded by 0.3 percent between October and December compared with the previous three months, the European Union’s statistics office Eurostat said on Friday…
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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