US Dollar Index_USD

The US Dollar Index began the week higher again and broke above its 100 barrier, leading to another push higher all the way to 100.60’s earlier this morning. Such more would ease the chances for our head and shoulder pattern to continue. However, the bearish outlook remains unchanged for the time being as long as the index continues to trade be...

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

The British Pound is considered to be the weakest currency since the beginning of the year. The pound tumbled all the way back to 1.21 areas as fears of hard Brexit is rising by the days. The European and the British are just blaming each other over the outcome of that referendum. Moreover, they are also threatening each other, something we have...

2017-01-11 Nour Eldeen Al-Hammoury Read more
China's economy Great Hall

The Chinese Trade Balance was released during the early morning hours today, showing some mixed data. However, the impact has been muted as it’s the election day in the US; therefore, today’s economic releases are more likely to be overshadowed by the election developments. Definitions Trade Balance: This figure calculates the difference...

2016-11-08 Nour Eldeen Al-Hammoury Read more
Forex Daily Summary

The Forex daily summary for 2 April features the following key Notes: Australia MI inflation gauge m/m 0.4% vs. 0% Japan monetary base y/y 35.2% vs. 35.3% New Zealand ANZ commodity prices m/m 4.6% vs. 4.2% previously Australia trade balance -1.26bn vs. 1.28bn UK Construction PMI 57.8 vs. 59.7 Canada trade balance -1bn vs. -2bn US...

2015-04-02 Orbex Read more