Euro Dollar_Technical outlook

For the past two years, when things in Europe started to get complicated, especially when growth stagnate and inflation slowed down significantly, everyone turned bearish on the Euro, and they were right about it. The Euro lost more than 25% since May of 2014 until it bottomed around 1.03 at the beginning of this year. However, it is close to t...

2017-03-31 Nour Eldeen Al-Hammoury Read more
Dollar Index_equities

The US Dollar Index remains within our projected plan since almost two weeks, with attempts to break above the key resistance which stands at 101.80 to 102.0. Last week the US Jobs Report was actually the catalyst for the survival of the bearish pattern, which is the head and shoulders on the daily chart as shown in the image below. However, m...

2017-03-14 Nour Eldeen Al-Hammoury Read more
forex australia_RBA

Earlier this morning, the Reserve Bank of Australia decided to keep the current policy unchanged, including the Cash Rate which remained at a record low at 1.5% as widely expected. However, the statement showed a balanced tone, which kept the market uncertain regarding the next decisions, leading to a slight gain in AUD pairs, which remains pos...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Services PMI's_2102

USD Strikes Again After a long weekend, the US Dollar came back earlier today during the Asian session with another strike, rising above 101.0, reaching as high as 101.20’s until this report is released. The Japanese Yen is the biggest loser in Asia, declining around -0.52% followed by the Kiwi, while the Euro and the British Pound are sligh...

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

After a wild move for the US Dollar yesterday, following positive economic releases, in addition to the Federal Reserve FOMC Meeting Minutes which increased the estimates for a possible rate hike in December meeting, the markets will take some rest during the US session, as the US banks will be closed in observance of Thanksgiving Day. However,...

2016-11-25 Nour Eldeen Al-Hammoury Read more
USA Flag_US Economy_Trump

A sluggish start to economic growth this year in the midst of an interest rate tightening cycle gets interesting as Friday's third quarter preliminary GDP report is expected to shed light on the economic performance in the US. The broad consensus being that the US economy managed to gather pace in the third quarter, with the median estimates po...

2016-10-27 John Benjamin Read more
Services PMI's_2102

What is Manufacturing PMI? It is called the Purchasing Managers Index, which is considered a leading indicator of the economic health of the manufacturing sector. It measures the level of a diffusion index based on purchasing managers in the manufacturing industry. How is it Calculated? It is calculated by a survey distributed to about 400 ...

2016-10-03 Nour Eldeen Al-Hammoury Read more
FOMC_ Yellen_USD

After the Federal Reserve decided to delay the rate hike again, allowing global equities to soar across the board and the US Dollar to lose around 1% in only a few days, traders need to stay alert towards upcoming events and economic releases, which should have a direct link to the Federal Reserve's decision. Staying focused on such elements is ...

2016-09-26 Nour Eldeen Al-Hammoury Read more

The Australian Dollar has been under pressure since the past couple of weeks especially due to the concerns of a large scale slowdown from China. While the initial Yuan devaluation caused the Aussie to plummet, the currency managed to stabilize later on. Risk sentiment however has kept the commodity currency pressured to the downside. Earlier...

2015-09-02 John Benjamin Read more