Euro coin on Italian flag

Let's start with the Euro today and then, you might want to read about Italy’s possible innovation, which can be the next big thing in Europe and the world. Earlier this week, the Euro shocked the banks around the world, rising well above 1.20 mark,  the level most of the investment banks considered it would take more than 5 years for the Euro ...

2017-08-31 Nour Eldeen Al-Hammoury Read more
New Zealand_AUDNZD

The Reserve Bank of New Zealand decision will be released in few hours, while the economic activities have weakened further compared with the data that was available for the bank during the previous decision. At 09:00 GMT+, eyes will be on the Official Cash Rate, Followed by the Rate Statement and the Monetary Policy Statement, while the Press ...

2017-08-09 Nour Eldeen Al-Hammoury Read more

For the past few weeks, things were calm in the Chinese economy, with only a few economic releases. However, this week, we will be waiting for new clues on where the economy is standing. Moreover, there were some notable moves in equities and the Chinese Yuan, which keep us questioning whether this move will continue or it's another short-term ...

2017-08-07 Nour Eldeen Al-Hammoury 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

The US Dollar Index tumbled last week, closing below 94.0 for the first time since August of the last year, which deepened the current bearish outlook. The main reason behind last week’s sharp decline came on the back of the news from the US Congress. Two of the major members of the Republican party noted that they would not back the new health...

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

Earlier this morning and during the Asian session today, the Bank of Japan left its current policy unchanged as widely expected. Below some key points of the Bank of Japan statement Maintains short-term interest rate target at -0.1 pct Maintains 10-year JGB yield target around zero pct Leaves unchanged pledge to buy JGBs so that it...

2017-07-21 Nour Eldeen Al-Hammoury Read more
Gold

A week ago, both metals were sinking, Gold almost tested $1200, while Silver crashed to $14 before recovering quickly above $15 the next day. Today, Gold is trading around $1240, while Silver is stabilizing well above $16 so far, which might be a sign for another move ahead. Higher Gold On Low Inflation? Some traders are confused with the ...

2017-07-19 Nour Eldeen Al-Hammoury Read more
CPI_Inflation_tutorial_1805

Earlier this morning, everyone was waiting for the UK inflation data, which was supposed to come in higher in June. However, the numbers came in with a surprise slowing down . CPI, Core CPI and the RPI showed a faster slowing down, while PPI declined less than expected. Moreover, the House Price Index slowed down further, but slightly less than...

2017-08-17 Nour Eldeen Al-Hammoury Read more
China

For the past few years, if you were following the business news bulletins anywhere in the world, you should have noticed that many were warning of the situation in China. The headline is almost the same everywhere “China’s slowing down”. In many occasions, many were blaming China, demanding for broader reforms. However, maybe they forgot somet...

2017-07-17 Nour Eldeen Al-Hammoury Read more
Bank_rate decision

The US Dollar Index failed to stabilize last week, even after central bankers have sent a clear message to the market that the easy monetary policies are coming to an end. Such remarks were supposed to push currencies higher. The US Dollar Index failed to stabilize above 96.30’s support area and dropped all the way to 95.60’s. However, at the b...

2017-07-04 Nour Eldeen Al-Hammoury Read more