As is becoming a theme now, it seems each passing week heralds a new chapter in the legacy of Donald Trump’s presidency. Having remained mostly inactive for the best part of his term this far, Trump has recently opened the floodgates and unleashed a tidal wave of policy adjustments. The main focus of his policy initiatives has of course, been on...

2018-06-26 James Harte Read more
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
Macron_Legislative elections_1306

After the big victory of the centrist candidate Emmanuel Macron against the riskiest far right candidate in Europe Marine Le Pen, Europe and France are facing new risks. The presidential election is behind us, and now the parliamentary elections are under way. The parliamentary elections in France began on June 11th and will end on the 18th of...

2017-07-26 Nour Eldeen Al-Hammoury Read more
European commission_Moscovici_1605

Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs. Summary: Eurozone to benefit from a relatively stable and upbeat global economic outlook Eurozone GDP growth for 2017 and 2018 upgraded slightly higher from the Winter forecasts Brexit, the US, and the European banking sector posed ris...

2017-07-26 John Benjamin Read more
ECB_Draghi

The European Central Bank today decided to keep the current policy unchanged including the three main rates. The ECB Refinancing Rate at record low 0.0% and the deposit rate at -0.4%. However, the statement showed some dovish remarks, which should not be a surprise, especially that the 2nd round of the French election is around the corner. The...

2017-04-27 Nour Eldeen Al-Hammoury Read more
Dollar Index_equities

Since the beginning of the week, the US Dollar index has been declining gradually, after last week’s upside retracement. Even though the entire economic releases from the US came in with a notable weakness this week, the US Dollar managed to retrace once again. Yesterday, Jobless Claims increased by 10K, while Philly Fed Manufacturing showed i...

2017-07-26 Nour Eldeen Al-Hammoury Read more
ECB GDP Draghi

Consumer prices in the eurozone which were seen making a lot of noise in the first few months of the year were seen pulling back after consumer prices touched 2% in February. Data released by Eurostat last week showed that consumer price index in the Eurozone increased 1.5%, slower than February's 2% increase and was seen to be slower than the ...

2017-04-04 John Benjamin Read more
FE_Le Pen_CAC 40_2003

After the end of the Dutch elections last week, fears has eased in Europe, as Netherlands rejected the far-Right party. The far right party leader Geert Wilders has pledged to take the Netherlands out of the EU. However, the far-right party came in second in this election, as they got almost 20% of the votes, while the People’s Party managed to...

2017-03-20 Nour Eldeen Al-Hammoury Read more
Grexit_2302

For the past few years, Greece was on the edge of collapsing. However, the EU jumped in and managed to rescue the country. However, the EU managed to bailout Greece many times. Yet, the country is still suffering, affecting the rest of Europe, which in return keeps the uncertainty higher by the days. What’s The Problem? The Greek government ...

2017-02-23 Nour Eldeen Al-Hammoury Read more