Euro Dollar_Technical outlook

At the beginning of the year, the Euro kicked off the year lower and posted the lowest level since 2003 around 1.04. Back then, investment banks were very bearish on the Euro, estimating a sharp decline well below the parity level with the US Dollar. Some banks downgraded their estimates multiple times, some were estimating 0.95, and the major...

2017-08-02 Nour Eldeen Al-Hammoury Read more
Grexit_Greece_Deal_1606

Another day with the same old news headlines about Greece (Grexit) are hovering around, leading to another fresh buying spree across European equities. “Greece and creditors reach deal” sounds familiar, isn’t it? Every few months we are reading the same headline over and over again. Today the headline is Greece and creditors reaching the deal, ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Manchester_Indices_2305

After the sad events that occurred overnight in the UK – Manchester, we have noticed some negative impact on the markets, including Asian equities, European equities, and currencies. However, such impact was short-lived and most of the markets have recovered its initial declines, supported by economic releases. Asian Equities Declines Desp...

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
Dutch elections

Image via harry_nl. Utrecht: D66 Campaigning for Local Elections Polls Favour Freedom Party The build-up to the March 15th Dutch elections will be watched by the market very closely. Current polling indicates that Geert Wilders’ anti-EU Freedom is ahead and likely to win over 30 of the 150 parliamentary seats. The party has called for “de-Is...

2017-01-12 James Harte Read more
UK Manufacturing

After two days that were lacking fundamentals across the board, all eyes will be headed toward the European session ahead as we await a collection of economic releases from most European countries. This is set to have a notable impact on the markets ahead of the key event later tonight from the US – FOMC Meeting Minutes. In this article, we will...

2016-11-23 Nour Eldeen Al-Hammoury Read more
Zew Index Economic Sentiment

The first trading day of the week was lacking fundamentals. It had low liquidity and a low trading volume. However, the US Dollar ticked higher almost across the board. Today, a few economic figures will be released during the European and US sessions, which may have a medium impact on the markets. One of the main figures is the ZEW Economic Sen...

2016-10-11 Nour Eldeen Al-Hammoury Read more