Top 10 Weekly Forex Market Headlines – 2.27.2015

Kelvin Ching Updated on
top10 ukraine says russia attack

US Dollar vs Major Currencies % Weekly Change | February 20~27, 2015

1. Ukraine says Russian separatists continue to attack despite cease fire

Ukraine says Russian separatists continue to attack despite cease fireFebruary 23, Ukrainian Prime Minister Arseniy Yatsenyuk said Saturday that his country is not on the verge of collapse and that Russian-backed separatists continue to attack Ukrainian soldiers despite a recent cease fire agreement. “We are very far from a collapse,” Yatsenyuk told Fox News. “You know why? We don’t have a cease fire … because a cease fire means that no one shoots…
2. U.S. existing home sales hit 9-month low on limited inventory

U.S. existing home sales hit 9-month low on limited inventoryFebruary 23, U.S. home resales fell sharply to their lowest level in nine months in January amid a shortage of properties on the market, a setback that could temper expectations for an acceleration in housing activity this year. The National Association of Realtors said on Monday existing home sales declined 4.9 percent to an annual rate of 4.82 million units, the lowest level since April last year…
3. Greece promises to respect completed privatizations in reform plans

Greece promises to respect completed privatizations in reform plansFebruary 24, Greece has promised not to roll back any ongoing or completed privatizations and ensure that any state spending to address a “humanitarian crisis” does not hurt its budget, according to a document containing its reform plans seen by Reuters on Tuesday. The list of reforms aims to offer compromises on major issues such as labor reforms and social spending to satisfy both European partners…
4. Dollar, bond yields fall after Janet Yellen reiterates ‘patience’ in raising rates

Dollar, bond yields fall after Janet Yellen reiterates ‘patience’ in raising ratesFebruary 24, The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms. Yellen said the Fed’s policy-setting committee is considering interest rate hikes “on a meeting by meeting basis.”…
5. China flash manufacturing PMI hits 4-month high in February, export orders shrink

China flash manufacturing PMI hits 4-month high in February, export orders shrinkFebruary 25, Activity in China’s mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support. The flash HSBC/Markit Purchasing Managers’ Index (PMI) inched up to 50.1 in February, a whisker above the 50-point level that separates growth in activity from a contraction…
6. New home sales in the U.S. dip 0.2% in January; supply rises

New home sales in the U.S. dip 0.2% in January; supply risesFebruary 25, New U.S. single-family home sales fell only slightly in January despite big declines in the snow-battered Northeast while supply rose to its highest level since 2010, hopeful signs for a sluggish housing market. The Commerce Department said on Wednesday that sales dipped 0.2 percent to a seasonally adjusted annual rate of 481,000 units. December’s sales pace was revised up to 482,000 units…
7. U.S. economy suffers first deflation since October 2009

U.S. economy suffers first deflation since October 2009February 26, America experienced something in January it hasn’t seen in years: deflation. Prices for goods actually declined -0.1% in January from a year ago, according to the Labor Department. That means it actually cost less to buy things in America this year than it did in January 2014. It’s the first time since October 2009 that the U.S. economy experienced annual deflation. But economists say don’t hit the panic button yet: the economy is still improving overall…
8. Japan factory output hits near 4-year high in January, retail sales fall

Japan factory output hits near 4-year high in January, retail sales fallFebruary 28, Japanese households cut spending more than expected and retail sales fell for the first time in seven months in January, data showed on Friday, a sign the central bank’s radical stimulus has yet to convince consumers that inflation will take hold. In contrast to the gloom felt among households, companies looked to be in better shape as they begin to benefit from the competitive advantage their goods get from a weak yen…
9. Germany’s parliament approves Greek bailout extension but dissenters underscore scepticism

Germany’s parliament approves Greek bailout extension but dissenters underscore scepticismFebruary 28, Germany’s parliament approved an extension of Greece’s bailout on Friday but a record number of dissenters from Angela Merkel’s conservatives underscored growing scepticism in Berlin about whether a new Greek government can be trusted to deliver on its reform pledges. With Finance Minister Wolfgang Schaeuble promising not to let Greece “blackmail” its euro zone partners…
10. U.S. GDP slows to 2.2% in Q4 but strong domestic demand brightens outlook

U.S. GDP slows to 2.2% in Q4 but strong domestic demand brightens outlookFebruary 28, U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the Commerce Department 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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