Top 10 Weekly Forex Market Headlines – 2.20.2015

Kelvin Ching Updated on
top10 japan rebounds from recession

USD vs Major Currencies - % Weekly Change February 13 - 20, 2015

1. Japan rebounds from recession in Q4 2014, but misses expectations

Japan rebounds from recession in Q4 2014, but misses expectationsFebruary 9, Japan’s economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier Shinzo Abe faces in shaking off decades of stagnation. The annualized 2.2 percent expansion in October-December was smaller than a 3.7 percent increase forecast in a Reuters poll, suggesting a fragile recovery…
2. China foreign direct investments hit 4-year high in January

China foreign direct investments hit 4-year high in JanuaryFebruary 17, Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry. But analysts cautioned about reading too much into economic indicators for January alone, given the strong seasonal distortions caused by…
3. Weaker euro boosting German economy at much faster pace than expected

Weaker euro boosting German economy at much faster pace than expectedFebruary 10, The German economy has moved out of its soft patch at a much faster pace than previously expected aided by a weaker euro, leading to an improved outlook for Europe’s largest economy, the country’s central bank said in its monthly bulletin on Monday. “The German economy will continue to benefit from the economic upturn in the current year. In the short term, the pickup will be driven mainly by…
4. Time’s running out but Greece is not bending to EU’s ultimatums

Time’s running out but Greece is not bending to EU’s ultimatumsFebruary 17, European Union finance ministers wielded enticements and veiled threats on Tuesday to press Greece to stay in an international bailout as financial markets slipped on fears of disruption if Athens’ credit lines expire in 10 days time. However, the euro recovered from a dip that followed the acrimonious breakdown of talks on Monday night, as investors took the view that both sides would climb back from the brink…
5. U.S. producer prices hit 5-year low, housing starts cool

U.S. producer prices hit 5-year low, housing starts coolFebruary 18, U.S. producer prices recorded their biggest drop in more than five years in January as the cost of energy and a range of other goods tumbled, hinting at a disinflationary trend that could argue against the Federal Reserve raising interest rates. Signs of moderate economic growth early in the first quarter could make policy decisions at the Fed difficult. Other reports on Wednesday showed housing starts fell last month…
6. Oil comeback rally pauses, falls 3% on Wednesday

Oil comeback rally pauses, falls 3% on WednesdayFebruary 18, Crude oil futures fell on Wednesday, unable to build on more than 1 percent gains in the previous session as rising inventories continue to curb rallies. Industry spending cutbacks and falling U.S. rig counts helped fuel Brent crude’s price rebound from an almost six-year low of $45.19 in January, but U.S. data has continued to show rising oil inventories…
7. U.S. labor market gathers steam as jobless claims fall

U.S. labor market gathers steam as jobless claims fallFebruary 19, The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering fresh evidence that the labor market was gathering steam. Initial claims for state unemployment benefits dropped 21,000 to a seasonally adjusted 283,000 for the week ended Feb. 14, the Labor Department said on Thursday. “The jobs market has its pedal to the metal…
8. Japan exports hit 1-year high in January, imports shrink

Japan exports hit 1-year high in January, imports shrinkFebruary 19, Japan’s exports posted their biggest jump in over a year in January while imports shrank, as the yen’s sharp fall and the nation’s powerful manufacturing industry helped the country deal with a weak domestic economy. Exports for the month grew 17% from a year ago, data released by the Ministry of Finance showed Thursday. Imports decreased 9%, marking their biggest fall in more than five years…
9. Fed minutes show rate hike debate is heating up

Fed minutes show rate hike debate is heating upFebruary 19, The Federal Reserve’s debate about raising short-term interest rates is heating up. At their Jan. 27-28 policy meeting, heard from staff economists about the timing of rate increases, refined plans for the mechanics of pushing rates higher and deliberated over their guidance to the public on the rate outlook, according to minutes released Wednesday with the normal three week lag…
10. Euro zone finance ministers agree to extend Greek bailout

Euro zone finance ministers agree to extend Greek bailoutFebruary 20, Euro zone finance ministers agreed in principle on Friday to extend heavily indebted Greece’s financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ratified once Greece’s creditors are satisfied with a list of reforms it will submit next week, ended weeks of uncertainty since the election of a radical leftist-led government…
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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