Euro Breaks Monthly Rule اليورو كسر قاعدة الشهرية

Major currency pairs — particularly GBP/USD and USD/JPY — are showing sideways movement following Friday’s mixed US labour market data. While non-farm payrolls rose to 139,000, above the forecast of 126,000, weaker industrial employment (–8,000) and a steady unemployment rate of 4.2% dampened market response. A 0.4% increase in average hourly earnings also failed to…

The first trading day of the year brought fresh pressure on European currencies. There is now a considerable risk premium being built into EUR/USD, and we suspect that both protectionism and the recent rise in gas prices are playing a role. A short-term US dollar correction would be warranted by technical factors, but the overarching…

The New Zealand dollar is in positive territory on Friday.  NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand’s manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 in January.  This was the highest level…

Daily Pivots: (S1) 190.26; (P) 191.19; (R1) 191.99; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor support will turn bias…

The front office in alternative investments has evolved significantly in the past few years. Advanced analytics, automation, multi-asset strategies and real-time decision making are commonplace. But too often the operational infrastructure behind the scenes tells a fundamentally different story. Expense allocation, vendor management, contract oversight and invoice processing which are functions vital to governance still…