the single currency rose to a four-month high against the US dollar

The single currency rose to a four-month high against the US dollar

The single currency of the European Union region rose during the US session to its highest level since Sept. 8 against the US dollar after developments and economic data that followed Thursday on the economies of the eurozone and the US economy, the world's largest economy.At 3:37 pm GMT, the euro was up 0.53% at 1.2079, compared with the opening at 1.2015, after hitting a four-month high of 1.2089, while the session low at 1.2005.The euro zone's fourth largest economy followed Spain's PMI, which showed an expansion below expectations to 54.6 last December, ahead of the region's third-largest economy. 55.4.

The single currency rose to a four-month high against the US dollar

We also followed the second largest economy of the euro zone France, the end of the services index of the PMI, which showed contraction in expansion to 59.1 compared to the previous month and expectations of 59.4 compared to 60.4 in November, while the index remained consistent in line with expectations in Germany at 55.8 54.3 in November.This came ahead of the final reading of the Purchasing Managers' Index for the region as a whole, which expanded to 56.6 from the preliminary reading and expectations at 56.5 from 56.2 in November.On the other hand, we followed the US economy reading the Change in Private Sector Index, which showed a rapid pace of job creation to about 250,000 jobs added to the 185,000 jobs added in November, exceeding expectations of 191,000 additional jobs, In which markets will go down to Friday's government jobs report.This came ahead of the reading of the Request for Assistance index, which showed a rise of 3,000 calls to about 250 thousand requests, contrary to expectations at 241 thousand applications, resulting in the final reading of the Index of Industrial Purchasing Managers by Markit of the United States, which showed a widening to 53.7 From 52.4 versus 54.5 in November.

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January 04, 2018 | 0 comments | قراءة المزيد

gbpusd stabilizes ahead of british services data

gbpusd stabilizes ahead of british services data

The British pound steadied against a basket of global currencies on Thursday in a limited range of trading against the US dollar after its first drop in six days of correction and profit taking after recording a four-month high as the currency stopped And investors are looking for important data on the services sector in the UK, one of the main sectors of the royal economy, indicating the economic recovery in the fourth quarter of 2017.
The Gosped is trading at 1.3520 from the opening price 1.3515 by 07:04 GMT, reaching a high of 1.3530 and 1.3505.

The British pound ended yesterday's 0.6% lower against the US dollar, its first loss in six days, to close the longest daily gain since last November as a correction and profit taking after the pound rose to a four-day high earlier in the day . Months at $ 1.3613.

gbpusd stabilizes ahead of british services data

The pound also fell as the US currency almost stopped selling most of the currencies as well as negative data from the UK economy, which showed slower than expected growth in the manufacturing and construction sectors in December.

Investors look forward to the release of UK services data last month, the service sector with the manufacturing and construction sectors, and the main sectors of the royal economy, and a decline in growth of these sectors does not indicate an improvement on the path of economic recovery.
and the main sectors of the royal economy, and a decline in growth of these sectors does not indicate an improvement on the path of economic recovery.
the pound also fell as the us currency almost stopped selling most of the currencies as well as negative data from the UK economy, which showed slower than expected growth in the manufacturing and construction sectors in December.By 09:30 GMT, it is expected that PMI up to 54.1 in December, the index stood at 53.8 in November.

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January 04, 2018 | 0 comments | قراءة المزيد

the pound extended gains to trade above $ 1.36 for the first time in 4 months

 the pound extended gains to trade above $ 1.36 for the first time in 4 months

(Reuters) - The pound rose against a basket of world currencies on Wednesday to widen its fifth straight gain against the US dollar, hovering above $ 1.36 for the first time in four months, taking advantage of the weak performance of the dollar against most major currencies. Today, important data on the British construction sector, one of the most important sectors of the royal economy, indicating the extent of economic recovery during the fourth quarter / 2017.
GBP / USD rose more than 0.1% at 06:35 GMT, trading at $ 1.3605, opening at $ 1.3587; the highest at $ 1.3612 since Sept. 20 and the lowest at $ 1.3584.

the pound extended gains to trade above $ 1.36 for the first time in 4 months

The pound ended yesterday's trading up 0.7% against the US dollar, its fifth consecutive daily gain, among the biggest daily gains since November as the dollar continued to fall against most currencies. The manufacturing sector in the UK fell more than expected in December.

The US dollar is trading at its lowest level in 4 months, after a wide loss over five consecutive days, reflecting the performance of the dollar against most major and minor currencies. The dollar has been widely sold recently amid expectations that the gap between US monetary policy and the monetary policy of most global banks, with the aim of those banks to cut stimulus programs and raise interest rates during the current year.

Investors are looking at UK construction data last month, signaling the recovery of the royal economy in the fourth quarter of 2017. The Bank of England has lowered its forecast for economic growth for 2017 and 2018 due to weak domestic demand.

By 09:30 GMT, the PMI is expected to rise to 52.8 in December, and the index reached 53.1 in November.

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January 03, 2018 | 0 comments | قراءة المزيد

the US dollar is consolidating above a 4-month low just ahead of the Fed's record

The US dollar is consolidating above a 4-month low just ahead of the Fed's record 

The US dollar rose on Wednesday against a basket of world currencies on the verge of achieving the first gain in the past six days, rising above a four-month low as the US currency sold 
pending the release of important economic data from the US, , Which is expected to provide new evidence for the cycle of raising US interest rates during the current year. 

The dollar index rose 0.2% at 12.20 GMT to trade at 91.77 points, the opening level at 91.55 points, the highest at 91.81 and the lowest level at 91.53.

the US dollar is consolidating above a 4-month low just ahead of the Fed's record

The index ended 0.5% lower yesterday, the fifth

 consecutive daily loss, to a four-month low of 91.46 as the US currency continues to sell against most of the world's currencies. 

Over the course of 2017, the US dollar index fell 10.2%, recording the first annual loss since 2012, the biggest annual loss since 2003, with the acceleration of the settlement of huge buying centers, for profit, especially after the US currency early in the year the highest level In 14 years against a basket of world currencies. 

The US currency has also suffered some negative pressure as a result of political tensions inside and outside the United States, linked to the scandal involving Russia's intervention in the US presidential election, the relationship between the Russian government and US President Donald Trump's election campaign and the external tensions with North Korea. 

Despite the strength of US economic growth this year, this strength was not enough to support the US currency, due to weak levels of inflation in the country, and continued concerns of US monetary policy makers about the weakness of inflation and its impact on the future of raising interest rates in 2018. 

Investors are looking for significant US economic data from the manufacturing sector last month, indicating the growth of the world's largest economy in the fourth quarter of last year.The ISI index is expected to rise 58.4 points in December from 58.7 in November.

By 19:00 GMT, the minutes of the last meeting of the Federal Reserve, held on December 12-13, led to an increase in US interest rates by three points in 2017 to 1.5%. The record is expected to provide new evidence of a rise in US interest rates in 2018.

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January 03, 2018 | 0 comments | قراءة المزيد

US dollar deepens losses to 4-Month Low

US dollar deepens losses to 4-Month Low

US dollar deepens losses to 4-Month Low

The US dollar fell against a basket of global currencies on Tuesday to deepen losses for the fifth consecutive day, hitting a four-month low as long-term US bond yields fell. Concerns about the risks of implementing the new US tax law continued, and last year the US currency recorded its biggest annual loss since 2003.

US dollar deepens losses to 4-Month Low

The dollar index was down 0.5 percent at 12:45 GMT, or around 91.50, at 91.87, the highest at 91.92 and the lowest at 91.46, the lowest level since Sept. 20.

The index ended 0.4% lower on Friday, the fourth consecutive daily loss, as the greenback continued to sell against most currencies, especially low-yielding currencies.

US 10-year bond yields lost 5 basis points last week to 2.43%, as risk-taking investors and settlement groups accelerated until the end of 2017.

Over the past week, the dollar index has lost 1 percent, the third weekly loss in a row, on concerns over the risk of implementing the new US tax law.

Late last month, the US Congress approved the country's tax reform bill, which includes the biggest 30 years of tax reform, and President Donald Trump signed the $ 1.5 trillion bill.

The risks of tax reforms lie in the costly bill of the law, which is expected to boost the country's debt, increase bond issuance, expand the budget deficit, reduce the chances of recovery in the country's inflation levels and thereby increase interest rates by the Federal Reserve.

Over the course of 2017, the US dollar index fell 10.2%, marking the first annual loss since 2012, the biggest annual loss since 2003.

US currency sales accelerated in 2017 as a result of profit taking and the settlement of huge buying transactions, especially after the US currency hit its highest level in 14 years against a basket of currencies.

The US currency has also suffered some negative pressure as a result of political tensions inside and outside the United States, linked to the scandal involving Russia's intervention in the US presidential election, the relationship between the Russian government and US President Donald Trump's election campaign and the external tensions with North Korea.

Despite the strength of US economic growth this year, this strength was not enough to support the US currency, due to weak levels of inflation in the country, and continued concerns of US monetary policy makers about the weakness of inflation and its impact on the future of raising interest rates in 2018.

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January 02, 2018 | 0 comments | قراءة المزيد

the british pound continues to rise ahead of UK manufacturing data

the british pound continues to rise ahead of UK manufacturing data

The pound rose in the European market on Tuesday against a basket of global currencies,
continuing to rise for the fifth day in a row against the US dollar near the highest level in four weeks,
 taking advantage of the continued sale of the US currency at the beginning of the New Year,
and investors are looking later today important data On the manufacturing sector in Britain,
one of the most important indicators of measuring the recovery of the royal economy during the fourth quarter / 2017.

The British pound was up 0.2% at 06:59 GMT, trading at $ 1.3522, opening at $ 1.3490, and a high of $ 1.3325, and a low of $ 1.3489.

The pound ended Friday's session in the last session of 2017, up 0.5% against the US dollar, its fourth straight gain daily, rising at a four-week high of $ 1.3544, taking advantage of the US currency's contraction against most major and minor currencies.

The pound gained 1% against the US dollar last week, the second weekly gain in a row as the US currency fell, as well as rising long-term bond yields in Britain.

Investors are looking at manufacturing data in the UK last month, signaling a recovery in the royal economy during the fourth quarter of 2017. The Bank of England lowered its economic growth forecast for 2017 and 2018 due to weak domestic demand.

By 09:30 GMT, the expected PMI is expected to reach 58.0 in December, and the index reached 58.2 in November.
Over the past year, sterling has gained 9.5% against the US dollar, making its first annual gain since 2013, and the biggest annual gain since 2009, the global financial crisis.

The strong annual gains of the monarchy in 2017 are due to several economic and political reasons, the evolution of the country's commissioners from the European Union, and the decisions of the Bank of England.

One economic reason is to keep the monarchy on track in 2017, despite the country entering into strong states of separation from the European Union and concerns about the impact of the exit process on the road to economic growth.

Among the economic reasons, one of the main reasons for the British currency's large rise during 2017 is the acceleration of British inflation until November, the highest target for the central bank at 2% for the tenth month in a row, and recorded the latest reading for the month of November, the highest level in five and a half years.

This increased inflationary pressure prompted the Bank of England to raise interest rates by 25 basis points to 0.50% in the first increase in UK interest rates since the beginning of 2007. The Bank indicated that any future rate increase would depend on the economy and data, Country from the
European Union.

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January 02, 2018 | 0 comments | قراءة المزيد

petcown begins new year on the decline for the first time since 2015

petcown begins new year on the decline for the first time since 2015
petcown begins new year on the decline for the first time since 2015

For the first time since 2015, Pitcairn began a new year of declineextending its losses after hitting a record high of $ 19511 on December 18.

petcown begins new year on the decline for the first time since 2015

Pitkin received a much stronger start last year and maintained this momentum throughout the year,
helping to create a global digital currency craze. Rose by 3.6
percent on the first day of 2017 to $ 998 before the end
of the year by more than 1300 percent.

The sharp rise has attracted an increasing number of investors.
Last month, Pitcairn entered Wall Street as futures.
And culminated on December 18 after inserting them into cm.

On the other hand, the prices of the day for Petkwain on Tuesday to trade at 13358 dollars,
after opening at 13448 dollars, recorded a high of 13898 dollars,
while the lowest level 13213 dollars.

Search terms
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January 02, 2018 | 0 comments | قراءة المزيد