© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Shekel Holds Tight Range, Unemployment Data & CPI Forecast Due

ILS
BulletEM BulletEmerging Markets NewsHomepage

Spot USD/ILS has stabilised today, respecting the confines of the previous trading day's range. The rate last deals +92 pips at 3.7277, with bulls initially looking to a rebound above the 50-EMA at 3.8750. On the flip side, a move through 3.70 would allow bears to take aim at the 38.2% retracement of the 2021 - 2023 upleg at 3.6937.

  • Finance Minister Bezalel Smotrich voiced his support for keeping Amir Yaron for another five-year term as Bank of Israel Governor. Yaron's current term is set to expire on December 23 but he has agreed to stay on as acting Governor amid the ongoing war against Hamas. Earlier this year, Yaron's re-appointment had been cast into doubt amid his criticism of the government's controversial judicial overhaul.
  • Israel will report October unemployment rate at the top of the hour. Elsewhere, the central bank will release its latest CPI forecast at some point today.
150 words

To read the full story

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.

Spot USD/ILS has stabilised today, respecting the confines of the previous trading day's range. The rate last deals +92 pips at 3.7277, with bulls initially looking to a rebound above the 50-EMA at 3.8750. On the flip side, a move through 3.70 would allow bears to take aim at the 38.2% retracement of the 2021 - 2023 upleg at 3.6937.

  • Finance Minister Bezalel Smotrich voiced his support for keeping Amir Yaron for another five-year term as Bank of Israel Governor. Yaron's current term is set to expire on December 23 but he has agreed to stay on as acting Governor amid the ongoing war against Hamas. Earlier this year, Yaron's re-appointment had been cast into doubt amid his criticism of the government's controversial judicial overhaul.
  • Israel will report October unemployment rate at the top of the hour. Elsewhere, the central bank will release its latest CPI forecast at some point today.