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ILS: Shekel Extends Gains, Hamas Confirms Compliance With Hostage Deal

ILS
EM BulletBulletEmerging Market NewsMiddle East

Spot USD/ILS loses altitude for the second consecutive day, bottoming out at 3.5638. When this is being typed, the rate deals -129 pips at 3.5692 and bears look for a sell-off towards Feb 6/Jan 22 lows of 3.5358/00. On the topside, the focus is on the 50-DMA at 3.6099. The dissipation of immediate concerns about Israel's hostage deal with Hamas aids the shekel, with greenback weakness facilitating the downtick in USD/ILS.

  • Hamas said it will release Israeli hostages in accordance with the schedule agreed under the Gaza ceasefire deal, confirming prior speculation. Earlier reports noted that Israel communicated to Hamas that if the group releases three more hostages on Saturday, the existing deal will continue.
  • The TA-35 Index has added 0.8% today after failing to test the nearby 50-DMA amid yesterday's sell-off.
  • Israel will release January trade data at the top of the hour.
  • Inflation data tomorrow will be of note.
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Spot USD/ILS loses altitude for the second consecutive day, bottoming out at 3.5638. When this is being typed, the rate deals -129 pips at 3.5692 and bears look for a sell-off towards Feb 6/Jan 22 lows of 3.5358/00. On the topside, the focus is on the 50-DMA at 3.6099. The dissipation of immediate concerns about Israel's hostage deal with Hamas aids the shekel, with greenback weakness facilitating the downtick in USD/ILS.

  • Hamas said it will release Israeli hostages in accordance with the schedule agreed under the Gaza ceasefire deal, confirming prior speculation. Earlier reports noted that Israel communicated to Hamas that if the group releases three more hostages on Saturday, the existing deal will continue.
  • The TA-35 Index has added 0.8% today after failing to test the nearby 50-DMA amid yesterday's sell-off.
  • Israel will release January trade data at the top of the hour.
  • Inflation data tomorrow will be of note.