UK Jobs_0404

The US Dollar advanced across the board yesterday, rising above 101.0 for the first time in two weeks. This is due to the Federal Reserve Chair Yellen testimony yesterday. Surprisingly, Janet Yellen kept the door open for a possible rate hike in March meeting, which pushed the Dollar higher, even though the Fed Fund Futures is pricing in 30% ch...

2017-02-15 Nour Eldeen Al-Hammoury Read more
Dollar rallies_Currency wars

USD Index Above 100.0 Barrier The last trading day of last week showed a dramatic change, leading the US Dollar Index to breakthrough 100.0 barrier all the way back to 99.80’s. However, this was for a limited time, before the index managed to gain some momentum and was able to rebound above that strong support, closing last week around 100.50’s...

2017-01-30 Nour Eldeen Al-Hammoury Read more
Bank of China_Chinese data

After the ECB decision and the US economic releases during yesterday’s trading, which had a notable impact on the markets. Another set of economic figures were released from China, which also led to another wave of volatility until this report is released. In today’s article, we will take a look at the Chinese figures, explain the impact and wha...

2017-01-20 Nour Eldeen Al-Hammoury Read more