Top 10 Weekly Forex Market Headlines – 03.06.2015

Kelvin Ching Updated on
top10 brent future fall on iran

US Dollar vs Major Currencies - % Weekly Change | Feb. 27 ~ Mar. 6, 2015

1. Brent futures fall on Iran, supply concerns, and firmer dollar

Brent futures fall on Iran, supply concerns, and firmer dollarMarch 2, Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran’s sanctions and boost its oil exports brought worries about high supplies back to the market. Rising Libyan crude output and a firmer dollar also weighed on Brent. U.S. crude futures also fell but only slightly, supported by data suggesting…
2. China factory activity edges up to 7-month high in February: HSBC PMI

China factory activity edges up to 7-month high in February: HSBC PMIMarch 2, Activity in China’s factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed. Chinese policymakers are embarking on their biggest easing campaign since the depths of the global crisis…
3. Eurozone deflation eases as prices fall 0.3%, unemployment slips to 11.2%

Eurozone deflation eases as prices fall 0.3%, unemployment slips to 11.2%March 3, The threat of deflation eased across the eurozone in February following a bounce back from heavy price discounting and steeply declining oil prices during the previous month. The 19-member currency bloc saw prices drop 0.3% last month compared with a drop of 0.6% in January, alleviating fears of an alarming deflationary spiral…
4. China services sector picks up in February as new orders hit 3-month high

China services sector picks up in February as new orders hit 3-month highMarch 4, Activity in China’s services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world’s second-largest economy. The HSBC/Markit Services Purchasing Managers’ Index(PMI) picked up to 52.0 last month from…
5. U.S. private employers added 212K jobs in February vs. 220K expected

U.S. private employers added 212K jobs in February vs. 220K expectedMarch 4, U.S. private employers added fewer jobs than expected last month, with the gains declining as well from January’s revised level as growth slowed in some sectors, a payrolls processor report showed on Wednesday. The ADP National Employment Report, jointly developed with Moody’s Analytics, showed a gain of 212,000 private-sector jobs…
6. ECB to unlesh its $1.2 trillion bond buying program next Monday

ECB to unlesh its $1.2 trillion bond buying program next MondayMarch 5, The European Central Bank said it will start printing money to buy bonds next Monday and delivered a robust economic outlook that will make it hard to extend the plan beyond its envisaged Sept. 2016 end-date. The ECB is embarking on the program of quantitative easing (QE) with a view to raising euro zone inflation from below zero back toward its goal of…
7. ECB will resume Greek lending only if Athens complies with bailout program: Draghi

ECB will resume Greek lending only if Athens complies with bailout program: DraghiMarch 5, The European Central Bank will resume normal lending to Greek banks only when it sees Athens is complying with its bailout program and is on track to receive a favorable review, ECB President Mario Draghi said on Thursday. He also made clear the euro zone bank would not raise a limit on Athens’ issuance of short-term debt to help…
8. UK interest rates on hold at 0.5% since 2009

UK interest rates on hold at 0.5% since 2009March 5, UK interest rates have been on hold at an all-time low of 0.5% for six years after Bank of England policymakers voted for no change at their March meeting. It was at their March 2009 meeting that the Bank’s monetary policy committee decided emergency measures were required to address extreme circumstances. At that point, they lowered rates from…
9. Greece submits list of proposed reforms, but more steps required

Greece submits list of proposed reforms, but more steps requiredMarch 6, Greece sent its euro zone partners an augmented list of proposed reforms on Friday but EU officials said several more steps were required before any release of aid funds to a country that Prime Minister Alexis Tsipras says has a noose around its neck. Struggling to scrape together cash and avoid possible default, Athens made a 310 million euro partial loan…
10. U.S. nonfarm payrolls grew by 295K jobs in February, jobless rate fell to 5.5%

U.S. nonfarm payrolls grew by 295K jobs in February, jobless rate fell to 5.5%March 6, U.S. employers added jobs at a solid pace in February and the unemployment rate ticked down, signs of a strengthening labor market that should keep the Federal Reserve on track to raise interest rates this year. U.S. nonfarm payrolls grew by a seasonally adjusted 295,000 jobs in February, the Labor Department said Friday. The economy has now added…
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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