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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

The Watch - forex news

Amwal Al Ghad English - 2015-02-23 09:36:15
The dollar was almost flat against the yen and the euro in Asian trade Monday, with investors avoiding taking strong positions ahead of Federal Reserve Chairwoman Janet Yellen’s testimony before Congress later this week. The dollar USDJPY, +0.22% was at ¥118.99 from ¥119.07 late Friday in New York. The euro EURUSD, -0.46% was at $1.1370 from $1.1378 and was at ¥135.31 from ¥135.50. The risk averse mood has taken a breather with an agreement for a four-month extension of a Greek bailout. The situation also cleared up with the Japanese stock market renewing a fresh 15-year high in the morning. By Monday, Greece has to present a list of budget cuts and economic overhauls that have to pass the scrutiny of its lenders - the European Commission, the European Central Bank and the International Monetary Fund. The greenback was changing hands in a tight range since the beginning of the Asian trade, as investors are cautiously wait for Fed Chairwoman Janet Yellen’s testimony before Congress Feb. 24-25. After being trapped in a tight range, “we may get an answer if the dollar and the yen drift apart either to the upside or downside,” said Takuya Kanda, senior researcher at Gaitame.Com Research Institute, who expects the dollar will likely move in a ¥117.00-¥120.50 range later this week. But noting that the higher dollar against the yen will likely persist for some time, “even if it swings downward, I think that it is only temporarily.” Taisuke Tanaka, chief FX strategist at Deutsche Securities, said in a note that the dollar still lacked upward momentum strong enough to breach the ¥120-mark but is well supported around Y119 owing to dip buying by Japanese investors and importers. Unlike other central banks, he said the Fed is unlikely to go ahead with raising rates before the market factors in such a move. And like the Fed, which will be patient before raising interest rates, “the dollar may need the patience to wait over the next several weeks for the right time to try new highs over ¥122,” Tanaka added. Investors shrugged off minutes from the Bank of Japan’s Jan. 20-21 policy board meeting released earlier Monday. Many Bank of Japan board members said last month that the public’s conversion from a deflationary mindset was progressing, keeping in check speculation over further easing amid falling inflation. The WSJ Dollar Index BUXX, +0.44% a measure of the dollar against a basket of major currencies, was up 0.03% at 85.50. More»
Amwal Al Ghad English - 2015-02-23 09:31:33
Gold prices on Monday showed no signs of bouncing back after last week’s near-2% decline as a flood of economic data and the winding down of earnings season could inject some volatility in metals trading in the coming days. The euro zone on Friday OK’d Greece’s bailout extension, soothing jitters and weighing on prices of the perceived safe haven. Next up, Athens must present a list of reforms to be approved by creditors. Read: Greece’s debt deal isn’t the end of euro zone drama. At last check, gold for April delivery GCJ5, -1.02% gave up $1.90 to drift down to $1,203.90 an ounce. March silver SIH5, -1.12% eased 1 cent to $16.31 an ounce. A day earlier, gold lost its footing to finish lower on word that euro-zone financial ministers made progress toward a bailout extension for Greece. Existing home sales numbers will be closely eyed on Monday, while traders have Janet Yellen to look forward to midweek. New home sales numbers hit Wednesday. Read: U.S. economy’s growth not touching all the bases. In other metals trading, March copper HGH5, -0.19% jumped 2 cents to $2.61 a pound. April platinum PLJ5, -0.97% lost $2 to $1,168.10 an ounce, and March palladium PAH5, -0.21% added $5.35, or 0.7%, to $784.55 an ounce. More»
Amwal Al Ghad English - 2015-02-23 09:33:24
Crude-oil futures eased early Monday amid investor concerns about excess crude in U.S. markets. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April CLJ5, -1.10% traded at $50.65 a barrel , down 16 cents in the Globex electronic session. Brent crude for April delivery LCOJ5, -0.66% fell 5 cents to $60.17 a barrel on London’s ICE Futures exchange. Nymex West Texas Intermediate crude declined 4.6% last week, dropping more than Brent crude, which fell 2.1%. Both benchmarks snapped a three-week winning streak. “U.S. crude stocks are elevated and set to build through May as challenges continue to mount,” Morgan Stanley’s head of energy research Adam Longson said in a weekly report. The U.S. crude market faces challenges including growing oil production in North America, refinery maintenance and a marginal decline in oil imports. Although Brent crude prices are holding up better than Nymex prices, concerns over the U.S. oil market could limit gains in Brent especially with investors using U.S. data as a proxy for the global market, Longson added. Baker Hughes data showed a further decline in the count of U.S. drilling rigs but analysts have pointed out that the rate of decline has slowed considerably. The impact of fewer U.S. drilling rigs will only be seen later this year, BNP said. “The changes are more marked in the second half of the year, consistent with the time lag between lower drilling activity and production,” BNP said. Over the weekend, Union workers walked out of three more U.S. refineries, including the nation’s largest fuel-making facility--the Motiva Port Arthur Refinery in Texas--expanding a nearly month-long strike. In Libya, the country’s largest oil field at Sarir resumed operations on Sunday after a pipeline was blown up about a week ago by unknown militants, and the key oil export terminal at Zueitina in eastern Libya also restarted operations. Meanwhile, U.S. Secretary of State John Kerry met with Iran’s foreign minister for fresh nuclear talks in Geneva, to try to agree to an outline of a final nuclear agreement by late March. Wider financial markets kept an eye on Greece’s debt negotiations after a tentative four-month extension of its bailout package. Nymex reformulated gasoline blendstock for March RBH5, +0.78% — the benchmark gasoline contract — rose 219 points to $1.6626 a gallon, while March diesel traded at $2.2009, 891.0001 points higher. ICE gasoil for March changed hands at $582.75 a metric ton, up $1.25 from Friday’s settlement. More»
Amwal Al Ghad English - 2015-02-21 10:02:54
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Saturday: More»
Amwal Al Ghad English - 2015-02-19 14:41:31 - U.S. wheat futures extended losses from the previous session on Thursday, amid indications of weakening demand for U.S. supplies. On the Chicago Mercantile Exchange, US wheat for March delivery shed 3.27 cents, or 0.62%, to trade at $5.2413 a bushel during U.S. morning hours. A day earlier, US wheat for March delivery lost 7.0 cents, or 1.31%, to settle at $5.2760 a bushel after Egypt cancelled a tender to purchase U.S. wheat. Egypt is the world's biggest wheat importer. Wheat has been under heavy selling pressure in recent weeks amid ample global supplies and indications of reduced demand for U.S. wheat. Meanwhile, US soybeans for March delivery dipped 0.4 cents, or 0.05%, to trade at $9.9520 a bushel. The March soybean contract touched $10.1220 on Wednesday, the strongest level since January 15, before turning lower to close at $9.9560, down 12.0 cents, or 1.19%. Prices remained supported amid indications of robust demand for the oilseed. The U.S. National Oilseed Processors Association said in a report earlier in the week that the U.S. soybean crush totaled 162.675 million bushels in January, the largest amount ever for the month. Despite recent gains, prices of the oilseed remain vulnerable amid optimism over crop prospects in Brazil and Argentina. Elsewhere on the Chicago Board of Trade, US corn for March delivery declined 0.78 cents, or 0.2%, to trade at $3.8363 a bushel. US corn for March delivery dropped 5.6 cents, or 1.48%, on Wednesday to end at $3.8360. Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay. More»
Amwal Al Ghad English - 2015-02-19 09:28:26
U.S. wheat tumbled as much as 2 percent on Wednesday, with benchmark Chicago Board of Trade futures falling the most in a week after top global wheat importer Egypt cancelled a tender seeking supplies from the United States. Overbought technical conditions and profit-taking also pressured prices, with corn and soybeans each declining more than 1 percent at the Chicago Board of Trade. "When you have an oversupply or a strong supply, the path of least resistance is lower," Jefferies Bache analyst Shawn McCambridge said. CBOT wheat <0#W:> fell to session lows after the midmorning news that Egypt's state grain buyer had cancelled a rare tender seeking offers of only U.S. wheat for April arrival. The tender came after the United States extended a credit line of $100 million to Egypt. However, with U.S. wheat still uncompetitive into Egypt, the tender was cancelled. The cheapest U.S. offer was roughly $60 per tonne more than the wheat Egypt bought earlier this month from France and Romania. After the close, Egypt issued another tender, seeking offers of worldwide origin. Most-active CBOT March wheat fell 7 cents, or 1.3 percent, to $5.27-3/4 per bushel while Kansas City hard red winter wheat fell 2.5 percent. The closely watched spread between the two wheat classes tumbled to a two-month low, with Kansas City wheat priced at a roughly 20-cent premium to Chicago. "We're reacting to the Egypt tender being cancelled. It's a reminder of how far out of the market we are," McCambridge said. Wheat fell from the highest levels in a month while soybean futures drifted from a five-week peak reached earlier in the session. CBOT March soybeans finished 12 cents lower at $9.95-3/4 per bushel. CBOT March corn was down 5-3/4 cents at $3.83-3/4 after touching a one-week high on Tuesday. South America is in the early phases of record-large soybean harvests while there still are plentiful supplies of both soybeans and corn after record U.S. harvests last autumn. "I remain fundamentally bearish on soybeans with a large Brazilian soy crop now arriving," said Stefan Vogel, head of agricultural commodity markets research at Rabobank. "After the Chinese and Asian Lunar New Year holidays we are likely to see significantly more Brazilian export activity." "Corn is currently drifting, with little new price-driving factors," Vogel said. More»
Amwal Al Ghad English - 2015-02-18 17:43:35
Gold futures headed for their second straight session of losses on Wednesday, dropping below $1,200 an ounce and threatening to log their lowest settlement in almost seven weeks. Chinese buyers were out for the Lunar New Year holiday and traders looked ahead to the release of minutes from the Federal Reserve’s January policy meeting. “It seems that, for the most part, gold doesn’t care much about Greece,” said Adam Koos, president of Libertas Wealth Management Group, adding the Lunar New Year holiday has begun “and the lack of traders in the market as a result was definitely a factor” for gold. Officially, the Lunar New Year begins Thursday. “We should expect a small drought in support from China’s gold bulls until next Tuesday, when their vacation ends,” he said. Gold for April delivery GCJ5, -0.82% fell $8.70, or 0.7%, to $1,199.90 an ounce on Comex, following a loss of 1.5% on Tuesday. Prices, based on the most-active contracts, haven’t closed below $1,200 since Jan. 2. Meanwhile, March silver SIH5, -0.32% was little changed at $16.385 an ounce. Commodities analysts at Commerzbank noted Wednesday that gold and silver had both fallen below a key chart level — “the technically important 100-day moving average, which doubtless sparked technical follow-up selling.” “Two Federal Reserve presidents have spoken out in favour of a sooner interest-rate hike in the U.S., which caused yields on 10-year U.S. [Treasurys] to surge and weighed on the gold price,” the analysts added in emailed comments Wednesday. Minutes from the Federal Open Market Committee’s January meeting will be released shortly after the gold market on Comex closes. At the meeting in January, Federal Reserve officials told investors they would be “patient” about hiking short-term interest rates. “Gold will likely find a soft landing if the minutes reflect a dovish tone,” said Koos. “However, policy speculation has definitely been shifting toward a potential rise in interest rates sometime in 2015 — it’s also been hinted at by a few of the Fed officials.” More»
Amwal Al Ghad English - 2015-02-18 17:39:57
The dollar recovered Wednesday from recent losses against the euro ahead of the release of minutes from the Federal Reserve’s January policy meeting. The dollar USDJPY, -0.03% traded flat at 19.19 yen, compared with ¥119.25 late Tuesday in New York. The euro EURUSD, -0.67% fell to $1.1355 from $1.1418 following news that Greece will seek an extension to its loan agreement. The common currency EURJPY, -0.71% also fell to ¥135.60 from ¥136.18. Earlier in the session, the dollar traded higher against the yen after Bank of Japan Gov. Haruhiko Kuroda ruled out more stimulus measures in the near term and suggested that the central bank would work to keep interest rates stable. Several analysts expected the release of minutes from the Federal Open Market Committee’s January meeting to trigger further losses in the dollar, as the recent weakness in the world’s reserve currency casts doubt on the future of the eight-month long dollar rally. “With the dollar failing to gain further momentum at these levels the inspiration to take profit on recent rallies could be present for many participants,” wrote Lennon Sweeting, a currency dealer at USForex. In Europe, meanwhile, the standoff between Athens and its creditors appeared to ease. Reports emerged saying Greece will soon ask for an extension of its current bailout from its creditors. The extension could be for a period of four to six months to prevent the current rescue deal from expiring at the end of the month. Meanwhile, the British pound GBPUSD, +0.43% moved higher against the dollar after the rate-setting U.K. Monetary Policy Committee voted unanimously in February to stay pat on the central bank’s benchmark interest rate at 0.5% and bond-buying program, according to minutes of the panel’s meeting. But there were some diversions between members over the next move. The pound was last at $1.5475, its highest level since the beginning of 2015, compared with $1.536 before the meeting. The WSJ Dollar Index BUXX, +0.20% a measure of the dollar against a basket of major currencies, was up 0.05% to 85.40. More»
Sanaa Allam - 2015-02-17 11:58:33
Gold prices rally in Egyptian market on Tuesday triggered by Monday rise globally, and a softer dollar and jitters ahead of negotiations regarding Greece's future in the euro zone. Gold edged up on Monday 0.5 percent to US$1235.50 an ounce. Yet, on Tuesday, Gold snapped a three-day rally, losing almost 1 percent as investors remained cautious after a breakdown of debt talks between Greece and euro zone finance ministers, while demand from China decreased ahead of the Lunar New Year holiday. Gold hit $1,221.75 an ounce globally by 11:11 GMT. Locally, the Twenty-four carat gold is sold today for EGP 304; while the widely-spread in Egypt Twenty-one carat gold scored EGP 266 approximately. In addition, the 18-carat gold reached EGP 228 on Tuesday. From his part, El-Sayed El-Sharkawy – chairman of gold traders’ chamber of Alexandria – attributed the increase in yellow metal prices in Egypt to the previous rise in global counterparts. The Table below demonstrates the prices of gold in Egypt recorded on Monday in Egyptian pound (EGP) and the US Dollar (USD): More»
Amwal Al Ghad English - 2015-02-12 09:54:13
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Thursday: More»