Last Week Recap 1- The Fed leaves the door open for a rate hike at December meeting (showed on FOMC meeting on Wednesday), the Fed also said: "the actual path of the federal funds' rate will depend on the economic outlook as informed by incoming data." 2- Bank of England raises interest...
Last Week Recap The U.S dollar index continued its bullish momentum last Thursday after ECB's dovish statement, the central bank decided to cut QE To €30 Billion, and the comments from president Draghi that the strong euro threatens economic growth in the euro area. This development put the EURO under heavy...
Last Week Recap The U.S dollar index maintained a bullish momentum last Friday, bottomed at the 92.95 levels and topped at the 93.63. This development leaves the index targeting the 93.91 levels, a halt is likely and it may turn lower from here if seen support comes at the 93.63...
Last Week Recap At the beginning of the week, the pound rose against the dollar on positive U.K Manufacturing Production data, the report showed that U.K data remained the same as the previous month at 0.4%. Analysts had expected it to slip to 0.2% a month earlier!This development not only...
Last Week Recap The U.S dollar fell on Friday after weak U.S jobs report, the US economy lost 33,000 jobs in September, according to to the Labor Department, ending seven straight years of job growth. But that sounds normal since the decline was driven by slow hiring due to the...
Last Week Recap The U.S dollar shot up then retreated after Yellen’s comments on  Tuesday that the Fed was struggling to achieve one of its key policy goals, despite uncertainty about the path of inflation.Yellin's words seemed to have a strong impact on the market, the U.S dollar came under...
Last Week Recap The dollar hit its highest level since mid-July against the yen on Thursday after the Bank of Japan kept monetary policy unchanged. The move came in US dollars due to the Federal Reserve's monetary policy statement on Wednesday, which indicated that it was still on track to...
Last Week Recap The British pound continues to rise strongly last Thursday on a hawkish Bank of England statement, as the policy announcements showed that most policymakers agreed that some withdrawal of monetary stimulus is likely to be appropriate over the coming months. On Friday, the pound continued its upwards move...
Ahead of the coming week, here is a list of the biggest events on the economic calendar that are most likely to affect the markets this week: In the week ahead, global financial markets will shift their focus on Thursday’s U.S. inflation report for fresh clues on the possible timing...
Ahead of the coming week, here is a list of the biggest events on the economic calendar that are most likely to affect the markets this week: Monday, September 04 The market is closed in USA and Canada (Labor Day). The U.K will report on Construction PMI. In the week ahead, global financial markets will shift...