USD Index_3005

After the US Jobs Report outcomes, which came in much better than expected, estimates were rising that the Federal Reserve will still be able to raise the Fed Fund Rate in September and probably in December. Such outcomes and the notable rise in the estimates of two more rate hikes this year has pushed the US Dollar higher at the beginning of l...

2017-08-14 Nour Eldeen Al-Hammoury Read more
US Dollar Bill

Another week has passed, and the US Dollar continues to lose ground, despite the fact that there were some positive economic releases at the end of the week. Yet, the US Dollar Index tumbled to the lowest level since June of last year and closed the week around 93.25, nearing 93.0 key support area. Fundamental Catalyst One of the main reas...

2017-07-31 Nour Eldeen Al-Hammoury Read more
Crude oil_OPEC_2206

Crude Oil prices continued to decline further despite the fact that OPEC and Non-OPEC members have been active in the media, trying to increase the hopes of stabilizing the market. However, things have just got even more interesting. Crude Oil Enters Bear Market Both West Texas Crude and Brent Crude have entered a bear market status, despit...

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

Last week, metals continued to rise further, Gold managed to post a new high of the year, while Silver underperformed Gold and remained far from this year’s high. However, notable rally in Gold did not last. Gold took a nosedive over the past few sessions, losing around $30 in few days, declining all the way back from this year’s high to $1260 ...

2017-07-26 Nour Eldeen Al-Hammoury Read more
USD Index_3005

The US Dollar Index got a notable push since the middle of last week on the back of some positive economic releases. However, the biggest push came in from the US 2nd GDP estimate, which showed a revision to the upside towards 1.2% instead of the initial reading of 0.7%. Such reading brings back the possibility of another 25bps rate hike by th...

2017-07-26 Nour Eldeen Al-Hammoury Read more
USD Index_DYX_2504

The US Dollar Index is still trading within our plan outlined over the past few weeks. Last week, the US Dollar Index retraced all the way up to retest the 100.0 barrier. The Index closed last week’s trading on Friday exactly at that resistance. However, the index gapped lower on Monday following the outcomes of the first round of the French el...

2017-04-25 Nour Eldeen Al-Hammoury Read more
Silver_technical analysis_1804الفضة

Gold and Silver keep pushing higher since the beginning of the year, adding more than 10% of gains so far, outperforming some indices and other asset classes. Last week, both posted a new year high. Gold spiked above 1290, while Silver managed to touch 18.50. Despite the recent rally with a clear breakout of the previous highs of this year, tra...

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

Brent and WTI Crude oil have recovered most of their recent losses, turning positive on the year once again. The main reason behind the recovery is the latest announcement by Saudi Arabia, saying that they will propose to extend the production cut deal at the next OPEC meeting. This time, both Crudes managed to react positively to these remark...

2017-04-13 Nour Eldeen Al-Hammoury Read more
Gold technical analysis

In the wake of the US Jobs Report on Friday, safe haven assets showed a notable spike right after the NFP announcement. Both Gold and Silver spiked this year’s highs. However, they both retreated at the end of the session, forming what could be a reversal signal, which might lead to a short-term retracement later this week. Yet, the bullish ou...

2017-04-10 Nour Eldeen Al-Hammoury Read more
US Dollar Bill

For the past four weeks, we have been stressing and following the US Dollar Index technical chart very closely, as we believed that a bearish pattern was in the making. Indeed, at the start of this week’s trading, this pattern has been confirmed finally, which reaffirms our bearish outlook for USD Index for the next couple of weeks. Head and...

2017-03-28 Nour Eldeen Al-Hammoury Read more