Last week witnessed an event that had been anticipated by markets for some time, as the Federal Reserve policy meeting surprisingly saw a hawkish change in tone with the Federal Open Market Committee (FOMC) seeing interest rate hikes sooner than previously expected. The Fed is now expecting raising interest rates …
Read More »Weekly Recap: 7-11 June
It was a week full of data, from the European Central Bank to US inflation figures and Lagarde comments. Here are the week’s highlights and data. Last week’s session observed the US dollar abandon its two-week indecisive phase and establish moderate gains. Gold ended weekly trading in an upward trend, …
Read More »Weekly Recap: 31 May – 4 June
In the first week of June, markets anticipated the jobs report in the United States, which came below expectations but still showed progress in the recovery from the coronavirus pandemic. The jobs report indicated that it would probably take more time than previously expected before the Federal Reserve begins changing …
Read More »Weekly Recap: 24-28 May
The US dollar was able to end last week higher against most of the major currencies after strong US data. The yellow metal also fell to $1,890 an ounce on Friday, down from a 4-month high of 1910 on May 26. Coronavirus cases are slowly declining, and the US and …
Read More »Weekly Recap: 17-21 May
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 …
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