FOMC

The FOMC meeting this week will be interesting as the Fed is all set to announce its balance sheet reduction program. After starting with years of quantitative easing program to stimulate the economy, the Fed will soon start to unwind its Treasury and Mortgage Backed Securities (MBS) starting September. Having signaled its intentions to begin u...

2017-10-22 John Benjamin Read more
US Dollar Bill

Another week has passed, and the US Dollar continues to lose ground, despite the fact that there were some positive economic releases at the end of the week. Yet, the US Dollar Index tumbled to the lowest level since June of last year and closed the week around 93.25, nearing 93.0 key support area. Fundamental Catalyst One of the main reas...

2017-07-31 Nour Eldeen Al-Hammoury Read more
USA Flag_US Economy_Trump

The two-day FOMC meeting concluded yesterday with the release of the monetary policy statement. With no press conference scheduled, the markets were widely expected to see no changes. As expected the US Federal Reserve kept the policy rate unchanged. The Fed also maintained that it would keep monetary policy accommodative. The FOMC statement sh...

2017-07-27 John Benjamin Read more
Silver Flash Crash

Precious metals are on course to post its second weekly decline in a row, including Gold and Silver as global bond yields keep on rising. One of the main reasons for the recent rise in bond yields are central bankers remarks over the past week. Central bankers are back on the same page, while in the past some banks were adding to their stimulus...

2017-07-26 Nour Eldeen Al-Hammoury Read more
FOMC

In the next few hours, eyes will turn toward the Federal Reserve once again, as we are expecting the FOMC Meeting Minutes. The US market has been closed due to the 4th of July holiday, which led the markets to experience a drop in volatility and liquidity over the past two days. Yet, volatility is likely to spike higher today ahead of the FOMC ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Indices_equities_ftse100_2106

Despite the fact that global equities have been declining a little bit since the announcement of Barclays scandal with Qatar, global equities are still near their record levels. At the same time, the bull market seems to be getting stronger and stronger day by day, with no signs of a correction anytime soon, and that raises some red flags and b...

2017-07-26 Nour Eldeen Al-Hammoury Read more
FOMC

Summary: Federal Reserve hikes interest rates by 25 basis points as widely expected Short term interest rates now at 1.0% - 1.25% Central bank maintains the view that one more rate hike is appropriate this year No major changes given to economic projections Inflation expected to weaken below 2%, but jobless rate expected to av...

2017-07-26 John Benjamin Read more
FOMC

USD At Major Resistance The US Dollar strikes back, rising above 101.50 since the beginning of the week. This is part of the predicted move that we mentioned in our previous reports earlier this week. As noted before, the US Dollar Index seems to be forming a Head and Shoulders pattern on the daily chart. The left shoulder and the head is al...

2017-02-22 Nour Eldeen Al-Hammoury Read more