Hezbollah fires rocket barrages into Israel after deadly Beirut strikes    British man captured while fighting with Ukraine    Far-right candidate takes shock lead in Romania presidential election    Indians risk it all to chase the American Dream    Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh    Do cigarettes belong in a museum?    Saudi Arabia joins international partnership initiative to boost hydrogen economy    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Saudi delegation participates in the 7th U20 Deans Summit in Brazil    Al-Jubeir discusses with EU officials enhancing bilateral cooperation    GASTAT: Non-oil exports up 22.8% in September 2024    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Saudi Arabia allows licensed flour milling companies to export flour    Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    

Articles of the author Rony Nehme
US dollar grinds lower on little news
LONDON — Thursday was another day of erratic FX price action. The USD ground lower with the DXY more than reversing its move higher in the Asian session. EURUSD touched a low of 1.1737 in the Asian session before reversing up to around 1.1850 as the (...)

18 - 09 - 2020
No clear winner in the fight between USD bears and bulls
LONDON — As we feared, historically September is a volatile month for equities, and this was further emphasized Thursday. Equities were up for most part of the day only to get hit hard later on and gave back the majority of the rally. The lows now (...)

11 - 09 - 2020
Dow tanks as promising Oxford vaccine halted
LONDON — US equities have extended their weakness with the S&P falling 2.8 per cent and NDX crumbling by 4.8 percent (a greater than 2 standard deviation move and now down around 10% since last Wed). All sectors finished in the red, though the move (...)

09 - 09 - 2020
Investors ignore encouraging weekly jobless claims
LONDON — The risk complex traded sharply lower yesterday, as investors ignored an encouraging weekly jobless claims report (881k vs exp 950k) and mostly in-line ISM non-manufacturing index (56.9 vs exp 57.0), to instead reduce risk ahead of the US (...)

04 - 09 - 2020
Asian markets dip amid escalating US-Sino tensions
LONDON — Risk turned lower in the US and again in Asia. The US stimulus package seems a bit vague and could skip a payroll tax cut. Also, the virus numbers continue to be precarious in the US. There was a lot of unhelpful tech news: disappointing (...)

24 - 07 - 2020
Market seems to be focused on vaccine and stimulus hopes for now
LONDON — The S&P finished the day up again Wednesday for the 4th consecutive day albeit in a more subdued session. The market seems to be focused on vaccine and stimulus hopes for now. The Democrats have said that they will not back short-term (...)

23 - 07 - 2020
Reflation trades reign supreme
Reflation trades reigned supreme Tuesday with a strong performance in Australian dollar despite US equities finishing modestly higher (S&P +0.2%, while NDX down 1.1%). AUD was leading the way, encapsulating a pure FX and commodity move as nominal US (...)

22 - 07 - 2020
Tepid risk sentiment prevails as COVID cases rises in Asia, US
LONDON — Tepid risk sentiment prevails at the start of the week with global COVID-19 news going head to head with more corporate earnings reports. Chinese equity indices have seen a strong start with CSI300 +2.55%, Shanghai Composite +2.62% and (...)

20 - 07 - 2020
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