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ILS: Shekel Steady, Inflation Data Eyed Later This Week

ILS

Spot USD/ILS oscillates between gains and losses, awaiting fresh catalysts. The rate last sits at 3.7512, a touch higher on the day. Bulls look for a firmer rally towards 3.8309, which capped gains on Oct 4. On the flip side, bears look for a dip through the 3.70 area and towards Sep 26 low of 3.6792.

  • Geopolitical developments remain in focus after Foreign Minister Sa'ar touted "progress" in multilateral talks aiming to achieve a ceasefire in Lebanon.
  • US President-elect Trump will likely appoint three pro-Israel lawmakers for most senior foreign policy positions in his incoming administration, with market participants assessing the implications for regional security.
  • Israel will report October trade balance tomorrow at 11:00GMT/13:00IST, but the key release this week is October CPI, due Friday. Consensus looks for an acceleration in headline inflation to +3.6% Y/Y from +3.5% registered in September.
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Spot USD/ILS oscillates between gains and losses, awaiting fresh catalysts. The rate last sits at 3.7512, a touch higher on the day. Bulls look for a firmer rally towards 3.8309, which capped gains on Oct 4. On the flip side, bears look for a dip through the 3.70 area and towards Sep 26 low of 3.6792.

  • Geopolitical developments remain in focus after Foreign Minister Sa'ar touted "progress" in multilateral talks aiming to achieve a ceasefire in Lebanon.
  • US President-elect Trump will likely appoint three pro-Israel lawmakers for most senior foreign policy positions in his incoming administration, with market participants assessing the implications for regional security.
  • Israel will report October trade balance tomorrow at 11:00GMT/13:00IST, but the key release this week is October CPI, due Friday. Consensus looks for an acceleration in headline inflation to +3.6% Y/Y from +3.5% registered in September.