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