Tag Archives: Weekly Recap

In his prepared remarks for delivery at the Jackson Hole Economic Symposium titled “Macroeconomic Policy in an Uneven Economy,” FOMC Chairman Jerome Powell said that there has been clear progress towards full employment and that he believes that if the US economy develops as expected, “it may be appropriate to …

The third week of August was highlighted by the release of the United States Federal Reserve’s July meeting minutes, which revealed that most of the FOMC members see the beginning of tapering asset purchases later this year. With the Fed moving towards policy normalization, the U.S. Dollar (USD) managed to …

Markets are showing increased activity in M&A deals, as recent data suggested that the total value of global merger and acquisition (M&A) deals so far this year has already exceeded that of last year, amounting to $3.6 trillion year-to-date. A large chunk of this volume took place in the United …

Some negative factors pushed the US dollar lower at the end of the week, but the dollar managed to recover after better than expected US jobs data. The US Dollar Index, which measures the greenback’s strength against a basket of major currencies, ended the week flat at 92.78 versus 92.08 …

Markets went through something of a rollercoaster during the final week of July, which was highlighted by the release of important economic data and indicators, including GDP and inflation, and the U.S. Federal Reserve fifth meeting of the year. In Europe, a preliminary reading showed growth during the second quarter …

The World Health Organization has called upon all countries around the world to cooperate in finding out the origin of the novel coronavirus, despite the Chinese rejection of the proposed scope for the second phase of the investigation, as the scope includes inspecting the hypothesis that the virus could have …

The second week of July was highlighted by the release of inflation data in many parts around the world led by the U.K., the U.S., and the European Union. The U.S. Consumer Price Index (CPI) jumped 5.4% in June, following a 5% increase in May, with core CPI also rising …

The past week was full of events, the week began with a public holiday in the United States on Independence Day, and then the events started to follow. Take a comprehensive look at this weekly report. Wall Street The three major US stock indexes rose to unprecedented levels at the …

Many markets around the globe are lifting lockdowns and preventive measures against the coronavirus (COVID-19), but the global pandemic continues to raise uncertainty after the recent increase in the number of new cases infected with the Delta variant. Some vaccines are reportedly effective against the variant, including J&J and Moderna, …

It’s been an eventful week, from Powell’s testimony, BoE decision, inflation data, and PMI. Here’s a look at the highlights of the past week. Dollar Since the opening of the US session on Friday, the dollar has struggled to maintain the bullish trend after the emergence of the second consecutive …