The third week of May was highlighted by the release of last month’s Federal Reserve meeting minutes, which surprised the markets by showing that some members of the Federal Open Market Committee (FOMC) believe that if the economic recovery in the United States continues to gather pace, it might be …
Read More »Weekly Recap: 10-14 May
A surge in the consumer price index (CPI) in the United States, the highest for the inflation rate in more than 12 years, was the highlight of the second week of May, as it raised question markets about whether the Federal Reserve would consider raising interest rates sooner than previously …
Read More »Weekly Recap: 3-7 May
Last week was full of Data and statements. The US dollar’s decline in favor of risk assets has dominated the markets last week after economic data and monetary policy decisions. US Dollar The week was full of events that led to a noticeable decline in the price of the US …
Read More »Weekly Recap: 26-30 April
The FOMC remained in dovish mode, despite promising US numbers. The UK economy is gradually reopening, but the eurozone is still hampered by a slow vaccine rollout. Here are the most prominent events and data affecting the markets over the past week U.S. dollar and Currencies The Bank of Canada …
Read More »Weekly Recap: 19-23 April
In the third week of April, the main market movers were concerns about the resurgence of the coronavirus pandemic especially in Asia, as well as economic data, most of which signaled recovery from the negative impacts of the coronavirus in the United States, Eurozone, and China. In addition, media reports …
Read More »Weekly Recap: 12-16 April
The second week of April was highlighted by strong economic data that showed increased signs of a global recovery from the negative impacts of the coronavirus pandemic. Such recovery signs helped improve risk appetite among investors, which reflected positively on many assets. On the other hand, rising tensions between the …
Read More »Weekly Recap: 5-9 April
Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …
Read More »Weekly Recap: 15-19 March
Weekly Recap: 15-19 March The third week of March was highlighted by major central bank meetings around the world, from the United States to England and Japan. In the U.S., the Federal Reserve decided to maintain interest rates unchanged near 0%, as well as the current pace of asset purchases …
Read More »Weekly Recap: 8-12 March
Weekly Recap: 8-12 March The second week of March saw the official ratification of a huge stimulus package in the United States called the “American Rescue Plan” that was signed by President Joe Biden after being passed by Congress. The $1.9 trillion relief plan will raise direct monthly payments to …
Read More »Weekly Recap: 1-5 March
The US economy continues on its path to recovery with strong PMI indicators and a healthy non-farm payrolls report with the US dollar showing strength supported by higher US Treasury yields. The yield on US 10-year Treasury notes rose 1.543%, indicating the highest levels since February or the highest level …
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