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We have seen a week full of economic events and developments regarding the COVID-19, but this week may not be any less important than last week, as we wait for many economic data that will prove the trends of the major economies amid global health crisis threatening the global economy.
Currencies have been trading within a tight range since the beginning of this week, despite the fact that there were many economic releases across the board.
Despite the positive data from the US over the past few days, the US Dollar Index failed to rally,
At the end of last week’s trading, economic figures and events were released, which changes the shape of some assets and its trends over the next two months.
Today, the markets have seen a remarkable move, especially following the European Central Bank's decisions to record the worst trading day against the US dollar for nearly a month as policymakers decided to extend the bond purchase program until 2018 as the size of the monetary stimulus is reduced.
After a day full of economic releases yesterday from the US, leading to notable increase in volatility across the board, another day comes in with another significant events, which should have a notable impact on the markets.
The markets today witnessed a number of strong moves as the economic agenda filled with many important economic data that played a major role in these moves.
The British economy advanced 0.4 percent on quarter in the three months to September 2017, beating market expectations of 0.3 percent, the preliminary estimate showed.
The US President decided to tease the markets once again yesterday through Twitter, saying that he very close to decide on the next Fed chair, without clarifying if Yellen is a possibility.
However, Janet Yellen was at the White House last week. Many reports suggested that the administration wanted to thank her for her service. Yet, she is still a candidate according to many polls, but she has the lowest probability for a second term.
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