US Dollar Bill

After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within our plan, outlined in many p...

2017-08-24 Nour Eldeen Al-Hammoury Read more
inflation expectations

The US Dollar Index managed to rise since the beginning of the week, amid a lack of fundamentals across the board, whether in Asia, Europe, and the US. However, there is still some confusion among  traders on why the US Dollar declined on Friday right after the US Jobs Report, despite the fact that it came in better than expected. Moreover, th...

2017-07-26 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
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
US Dollar Index

The US Dollar advanced further during at the beginning of the week but failed to hold on Thursday and Friday, despite the fact that most of the economic releases were positive. This fact strengthens the idea of the Federal Reserve rate hike in March. Yet, investors are still selling USD across the board. The Federal Reserve Chair Janet Yellen k...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Euro Dollar_Technical outlook

EURUSD Weekly Engulfing Candle The Euro managed to rise for the past seven consecutive weeks, but it failed to break above 1.08 barrier, leading to a notable decline during last week’s trading, all the way back to 1.06, forming a bearish engulfing candle on the weekly chart, which increases the chances for further declines ahead. On the week...

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

Since the beginning of the week, the US Dollar index managed to recover most of its Friday’s declines. However, the index remained below the 100 key barrier and below 100.40 solid resistance area, completing its seven weeks of consecutive declines. The Euro and the British Pound declined sharply against the US Dollar during the first trading da...

2017-07-26 Nour Eldeen Al-Hammoury Read more
inflation expectations

USD Index Failed At 103.50 The US Dollar Index seems to be closing the week lower, which would be the fifth week of consecutive declines, one we have not seen since Q1 of 2015. However, the key point is whether the index will be able to close the week above the 100 barrier. If so, the bullish outlook is here to stay. Otherwise, another leg lowe...

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

Despite the fact that this week has been busy with key economic releases, trading volumes have decreased gradually. This should not be a shock or weird, as we noted in our previous reports, the volatility is likely to decline significantly during the final two weeks of the year ahead of the holiday season. Yet, another wave of volatility is yet...

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