FOMC

The week ahead starts off on a quiet note with Japan, US, and Canada closed on account of bank holidays. A rather slow week, the focus will be on the UK's manufacturing production and construction output data for the month of September. On Wednesday the FOMC meeting minutes will be released. The meeting minutes are from the September FOMC meetin...

2017-10-19 John Benjamin Read more
Jackson Hole Map

If the markets are still talking about the “Sintra Accord”, then Jackson Hole is quite likely to bring with it some expectations. Not so long ago, central banks convened in Sintra, Portugal. Here, surprisingly many central bank chiefs came out strongly hawkish. This included the BoE Governor Carney, BoC’s Poloz and the ECB’s Draghi. The hawkish...

2017-08-24 John Benjamin 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
ECB Draghi

The European Central Bank's meeting this week will most likely be a non-event as far changes to monetary policy is concerned. This includes the QE purchases staying unchanged at 60 billion euro per month while the key deposit and lending rates will remain steady. However, the fireworks could most likely come during the press conference when t...

2017-07-19 John Benjamin Read more
Euro Dollar_Technical outlook

Despite the recent remarks by many of the Federal Reserve members last week, the US Dollar failed once again to sustain any gains across the board. This is also despite the fact that the Federal Reserve is planning to sell some of its assets later this year. Most of the members including the Federal Reserve Chair Janet Yellen are still looking ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Dollar majors_Fed rate hike

The US dollar index has been witnessing one of the strongest sell-off. The decline last week was the second in the periods between April and June. After rising to the strongest levels above 103.00, just around January, the US dollar index has been in a steady decline ever since. The USD Index has retraced nearly 61.8% of the gains registered fr...

2017-07-26 John Benjamin Read more
Peter_Praet_ECB_3105

Peter Praet, executive board member and chief economist of the European Central Bank. Image via ECB. Summary: Eurozone recovery continues to expand Flash PMI's for May in the eurozone stable as regional PMI's advance Germany continues to spearhead growth with Ifo business climate advancing German GDP growth seen rising 0.6% on a...

2017-07-26 John Benjamin Read more
Macron_French Election

It's Monday, the 1st of May of 2017 and the second round of the French election is less than 6 days away, where such election might change the shape of Europe once and for all. Latest Public Polls Since the end of the 1st round of the election, Macron has been leading with more than 60% of the public polls, while Le Pen was short below 40%...

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

The first round of the French election is behind us now, and so far, it's going as expected. However, traders need to be very careful over the coming day and ahead of the second round of this key elections. Public Polls Were Right After last year's shocking failure of most of the public polls across the board, including the Brexit referend...

2017-04-24 Nour Eldeen Al-Hammoury Read more
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