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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

The Watch - forex news

Amwal Al Ghad English - 2016-11-17 06:29:20
Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks. Crude inventories in the United States rose by 5.3 million barrels in the week to Nov. 11, compared with expectations for an increase of 1.5 million barrels. The climb in inventories was mainly due to higher imports that averaged 910,000 barrels per day (bpd), according to data released by the U.S. Energy Information Administration on Wednesday. U.S. benchmark WTI crude CLc1 was down 10 cents, or 0.22 percent, at $45.47 a barrel at 0555 GMT. European ICE Brent LCOc1 crude futures fell 11 cents, or 0.24 percent, to $46.52 per barrel. "Crude oil struggled to keep its head above water after the weekly EIA showed another large rise in inventories ... Stocks of crude oil jumped 5.27 million barrels, much more than expected," Australian bank ANZ said in a note. Refining margins in all five U.S. regional petroleum districts fell in the week ended Nov. 11, Credit Suisse said in a weekly report on Wednesday. More»
Amwal Al Ghad English - 2016-11-16 13:31:24
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on Tuesday. The table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 18 banks, according to data compiled by Amwal Al Ghad. More»
Amwal Al Ghad English - 2016-11-16 06:47:11
Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session. Oil prices had surged on Tuesday as members of the Organization of the Petroleum Exporting Countries (OPEC) were set to renew efforts on concrete steps to implement a deal on cutting output in the face of a persistent global glut. U.S. benchmark crude was up 14 cents at $45.94 a barrel at 0532 GMT. On Tuesday, the contract surged 5.8 percent to $45.81 per barrel in its biggest intraday percentage rise since early April. Brent futures, the global benchmark, rose 20 cents to $47.15, after spending most of the Asian session in negative territory. They settled up 5.7 percent at $46.95 a barrel in their largest percentage gain since Sept. 28. Both contracts had opened lower after Asian trading started following an after-hours report on Tuesday from the U.S. industry group, the American Petroleum Institute (API), that showed crude stocks rose last week. "Given the size of the move and that the market finished pretty to its highs it is a situation that likely favours the move continuing a little longer," said Ric Spooner, chief market analyst at CMC Markets in Sydney. More»
Amwal Al Ghad English - 2016-11-15 12:05:15
US dollar traded in 13 banks to a maximum of 15.25 for buying and 16.35 for selling to Egyptian pound in midday interbank dealings on Tuesday. The table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 13 banks, according to data compiled by Amwal Al Ghad. More»
Amwal Al Ghad English - 2016-11-15 09:40:35
Dollar recorded to an average of 15.2 for buying and 15.7 for selling to the Egyptian pound during early interbank dealings at the National Bank of Egypt (NBE) on Tuesday. Euro reached around 16.3187 for buying and 16.9105 for selling to the Egyptian pound; while pound sterling stood at 18.9483 for buying and 19.669 for selling. Kuwaiti dinar registered around 50.0082 for buying and 51.6872 for selling to the Egyptian pound. Saudi riyal recorded 4.0523 for buying and 4.1864 for selling. UAE dirham hit 4.1383 for buying and 4.2744 for selling, while Bahrain's dinar stood at 40.3162 for buying and 41.6446 for selling.Egypt floated the pound on Nov. 3 in a dramatic move welcomed by businesses as the key to unlocking investment. It devalued the currency by about a third from the former peg of 8.8 against the dollar and allowed it to drift lower. The pound initially fell to a rate of roughly 18 to the dollar, in line with prices quoted on the country's currency black market just days before the float. More»
Amwal Al Ghad English - 2016-11-15 08:57:39
China's currency dropped on Tuesday to nearly eight-year lows against the dollar as a rise in the greenback continued to weigh on the yuan. The dollar was fetching as much as 6.8640 yuan during Asia trade on Tuesday, according to Reuters data, with the Chinese currency at its weakest since at least January 2009, during the global financial crisis. That followed China's central bank, the People's Bank of China (PBOC), setting its daily fix at 6.8495 yuan against the dollar, compared with Monday's 6.8291 yuan. Tuesday's fix was the weakest for the yuan since 2008. Last year, China changed its market mechanism for setting the yuan's daily fix to be based on the previous day's close, theoretically allowing market forces to play a greater role in its direction. China's policy makers allow the yuan to move within a 2 percent band around the daily fix and fixings in the past had been a bit more arbitrary. Analysts pinned the move in the yuan to the U.S. dollar's rise in the wake of Donald Trump's surprise U.S. presidential election win last week. "It's really a U.S. dollar story at the moment," Roger Bridges, global rates and currencies strategist at Nikko Asset Management, told CNBC's "Street Signs" on Tuesday. He noted that on a trade-weighted basis, the yuan went up a bit. But he added, "given that I think the U.S. dollar has broken through the last December's highs, we could see further strength in the U.S. dollar and that could put further weakness onto the yuan, particularly against the U.S. dollar." The dollar index, which measures the dollar against a basket of currencies, traded as high as 100.22 in U.S. trade on Monday, up from levels below 97 prior to the U.S. election. The dollar index rose as high as 100.51 in December 2015 as the U.S. Federal Reserve prepared to raise interest rates for the first time since 2006. Trump's plans to provide fiscal stimulus have led some analysts to anticipate an acceleration in inflation and spurred a rise in bond yields, which could continue to support demand for the greenback. On December 16, 2015, the Fed hiked rates by 25 basis points to a 0.25 percent to 0.5 percent range from a 0 percent to 0.25 percent range. Others also pointed to the moves in the dollar to explain the yuan's drop. Jason Daw, a strategist at Societe Generale, said in a note on Tuesday that the fix's sharp rise over the past two weeks was "wholly consistent" with the rise in the dollar index. "While the PBOC might prefer to slow the pace of depreciation, the dollar trend is a key factor in their decision process," Daw said. "Additionally, yuan trading volume remains elevated, which typically coincides with more capital outflows and yuan depreciation pressure." He expected the yuan could weaken to 7.10 against the dollar over the next year, compared with consensus forecasts for 6.90. Analysts widely expected that the Fed will hike by another 25 basis points at its upcoming December meeting. While the move in China's currency may appear large, the fixing at 6.8495 may represent some support from policy makers. In a note Tuesday morning, analysts at Nomura had expected the fix would be at 6.8595, based on the levels of the trade-weighted basket, mainly on drops in the yen, euro, Malaysian ringgit and British pound. But Patrick Bennett, a foreign-exchange strategist at CIBC, said the PBOC was likely aiming to keep the fix relatively stable, noting that while there was a depreciation trend overall, policymakers likely didn't want the level to lurch higher one day and then fall sharply the next. "It was about where we thought it would be. It's in line broadly with the dollar being firmer," he said, adding that he expected the U.S. dollar to head even higher, with the greenback getting to as high as 6.90-6.95 yuan by the end of the year. The mainland's currency has been a source of political tension with the U.S., with President-elect Trump vowing during his campaign to label the country a currency manipulator for the purposes of a competitive trade advantage and impose a 45 percent tariff on its exports to the U.S. China does not meet the U.S. requirements for getting slapped with the manipulator label, which typically means the U.S. would engage in additional negotiations with the country. The U.S. Treasury's rules and regulations require three criteria before the U.S. could impose "meaningful penalties" on countries that failed to adopt appropriate trade policies: a significant bilateral trade surplus with the U.S.; a material current account surplus larger than 3 percent of gross domestic product; and persistent interventions to keep its currency weak. According to the Treasury's assessment report in October, China only met the first criteria. Analysts have said that imposing the tariffs and manipulator label could cause further weakness in the yuan as Chinese policymakers would lose incentives to support the currency. CIBC's Bennett noted an irony to Trump's positions on China's currency. "At that point and probably even now, the extended weakness of the yuan will certainly raise the ire of the new administration. But whose role might it be to tell President-elect Trump that it is partly due to his policy ideas that the Chinese currency is weakening? As are other currencies against a stronger U.S. dollar," Bennett said separately in a note on Tuesday. Others also noted issues with how yuan weakness may play out with the new U.S. administration. "It may not be easy to separate out U.S. dollar strength, from 'manipulated' yuan weakness," Deutsche Bank said in a note dated Sunday. "If China is labeled a currency manipulator on day one of the Trump presidency, dollar/yuan will remain a frontier for new skirmishes in the old 'currency war,'" the bank said. "It is plausible that the dollar/yuan exchange rate could get caught in a test of realpolitik muscle, where China still holds some powerful cards. This includes directing the yuan in a way that hurts U.S. risky assets and impacts Fed policy." More»
Amwal Al Ghad English - 2016-11-15 06:58:57
The dollar traded within sight of its highest level in more than 13-1/2 years on Tuesday as bond yields soared on expectations that President-elect Donald Trump's economic policies will fuel inflation. The dollar index, which measures the greenback's value against a basket of six major currencies, last traded at 99.883. On Monday, it had risen as high as 100.22.If the index climbs above the December 2015 peak of 100.51, it would reach its highest level since April 2003. Since Trump won the U.S. presidential last week, the 10-year U.S. bond yield has jumped about 0.40 percentage point to 10-month highs as his policies of heavy fiscal spending and trade protectionism are seen likely to stoke inflation. "Everyone knows that there are questions over how much of his campaign promises Trump can actually deliver. There could be friction between the White House and the Congress down the road," said Kazushige Kaida, head of forex trading at State Street in Tokyo. "But market players are not political scientists. For now, they have decided to jump on this euphoria," he added. The dollar eased 0.3 percent to 108.12 yen, pulling back a bit from Monday's five-month high of 108.545 yen. The U.S. currency is still up 6.8 percent from a low touched last Wednesday. More»
Sayed Badr - 2016-11-14 09:17:28
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound in most of banks during early interbank dealings in Egypt on Monday. This comes after the International Monetary Fund’s board approved earlier on Friday the country’s three-year, $12 billion bailout programme. The table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 19 banks, according to data compiled by Amwal Al Ghad early Sunday. More»
Amwal Al Ghad English - 2016-11-14 07:48:16
Gold fell 1 percent on Monday to hit its lowest in more than five months, pressured by a stronger U.S. dollar and expectations the Federal Reserve will raise interest rates in December. Spot gold was down 0.7 percent at $1,217.21 an ounce by 0451 GMT. The metal fell as much as 1 percent to $1,213.15 an ounce earlier in the session - its lowest since June 3. U.S. gold futures were down 0.6 percent to $1,216.90 per ounce. The dollar rose to a nine-month high against a basket of major peers on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher. Yields on the U.S. 10-year Treasury notes climbed to their highest since January on Monday at 2.20 percent. A broad sell-off in global commodities and surging bond yields had seen the metal dipping nearly 3 percent on Friday. More»
Amwal Al Ghad English - 2016-11-14 07:18:42
Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again. London Brent crude for January delivery was trading up 4 cents at $44.79 a barrel by 0630 GMT, after settling down $1.09 on Friday. The benchmark on Friday hit its lowest since Aug. 11 at $44.19. NYMEX crude for December delivery was down 4 cents at $43.37 a barrel. The contract closed down $1.25 on Friday after dropping as low as $43.03, its weakest since Sept. 20. The dollar rose to a nine-month high against other currencies on Monday, pressuring oil prices. More»