MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ILS: Shekel Garners Strength, Gaza Ceasefire Talks Continue in Qatar

ILS

Broader risk-on mood helps USD/ILS extend losses, with the pair last seen at 3.6821, around 100 pips shy of neutral levels. A move through 3.6445, the 76.4% retracement of the Jul - Aug upswing, would open up Jul 12 low of 3.5800. Conversely, bulls see Aug 6 high of 3.8533 as the initial key target.

  • Data released by the Central Bureau of Statistics showed that headline inflation accelerated above the BoI's target range in July, while also topping consensus forecast. Annual price growth came in at +3.2% Y/Y versus +3.1% expected and the central bank's +1.0-3.0% target. Goldman Sachs commented that the "above-target CPI print raises the risk of the BoI holding at the MPC meeting later this month," even as they "maintain a relatively dovish view on the medium-term outlook for Israeli inflation and rates."
  • A high-profile Israeli delegation is in Qatar for talks with mediators about a proposed ceasefire in Gaza, despite the absence of any representation from the Hamas. Axios reported that "some progress was made on Thursday during the first day of the latest round of negotiations."
EM BulletBulletGlobalEmerging Market NewsMiddle EastRegion
EM BulletBulletGlobalEmerging Market NewsMiddle EastRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.