MNI BRIEF: Daly Says Fed Can Be 'Careful and Deliberate'

MNI BRIEF: Fed Kugler Eyeing Inflation Persistence Over Growth

MNI BRIEF: Fed Framework Review To Revisit FAIT, 'Shortfalls'

MNI BRIEF: Activity Slowdown Required To Help BCB - Guillen

MNI: Kugler Says Fed Could Keep Rates Steady 'For Some Time'

MNI BRIEF: Fed's Williams - Longer Lag To Price Expectations

MNI: US JAN CONSUMER CREDIT +$18.1B

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 486; GAS RIGS 101

BAKER HUGHES CANADA RIG COUNT 234; OIL RIGS 170; GAS RIGS 64

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ILS: Shekel Extends Gains For Fourth Day, USD/ILS Clears 50-DMA

ILS
EM BulletBulletEmerging Market NewsMiddle East

USD/ILS has crossed above its 50-DMA (3.6006) and last changes hands at 3.6153, up 88 pips on the session. The pair gains for the fourth consecutive day, even as the BBDXY Index has softened in the early part of this week. Bulls now look for a clean break above Jan 27 high of 3.6392, which would confirm a short-term reversal pattern. Bears look for renewed losses towards recent cyclical lows around 3.5300.

  • Foreign Minister Gideon Sa'as said that Israel is "ready to progress to phase two of the ceasefire" on the condition of full demilitarisation of the Gaza Strip and the release of all hostages held by Hamas. Separately, N12 reported that Israel could restart its Gaza offensive within 10 days if the deadlock with Hamas continues. Fighting remains on hold but Israel halted humanitarian aid to Gaza as phase one of the deal with Hamas expired on Sunday.
  • The TA-35 is 1.2% weaker on the day but stays within a familiar range.
161 words

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.

USD/ILS has crossed above its 50-DMA (3.6006) and last changes hands at 3.6153, up 88 pips on the session. The pair gains for the fourth consecutive day, even as the BBDXY Index has softened in the early part of this week. Bulls now look for a clean break above Jan 27 high of 3.6392, which would confirm a short-term reversal pattern. Bears look for renewed losses towards recent cyclical lows around 3.5300.

  • Foreign Minister Gideon Sa'as said that Israel is "ready to progress to phase two of the ceasefire" on the condition of full demilitarisation of the Gaza Strip and the release of all hostages held by Hamas. Separately, N12 reported that Israel could restart its Gaza offensive within 10 days if the deadlock with Hamas continues. Fighting remains on hold but Israel halted humanitarian aid to Gaza as phase one of the deal with Hamas expired on Sunday.
  • The TA-35 is 1.2% weaker on the day but stays within a familiar range.