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Shekel Analysis 8th January

By On January 8, 2012 · Add Comment
The first week of 2012 has shown us what we may expect throughout the forthcoming year. At the start of the week we saw huge Shekel weakness, and ended the week with the Shekel clawing back some of its losses. The US Dollar over the last couple of months has shown great improvement, which is [...]
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Looking forward to 2012

By On December 21, 2011 · Add Comment
As we approach the end of the calendar year and start to evaluate what has happened to the Shekel, it feels like we are in a similar position to this time last year. However, the reality is in fact very different.Last year the fear was that Greece would not be a part of the Euro [...]
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I hate to say I told you soo……

On January 27, 2011 By
Only last Friday we blogged on the new regulations set out by the Bank of Israel to try and stop the assault of foreign speculators on the currency market. In that blog I predicted two things. Firstly, Interest rates in Israel would go up on Monday. They duly obliged. When this was announced at 5:30 [...]
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New Bank of Israel regulation having desired effect

On January 21, 2011 By
The Bank of Israel yesterday announced new regulations aimed at stopping foreign speculators gambling on the Shekel. Any currency transactions amounting to more than $10million in a day has to be disclosed in full. In current times, the shekel has been an attractive currency to speculate on as we have had plenty of Shekel strength [...]
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Summary of 2010

On December 31, 2010 By
The video below is a brief summary of the key exchange rates of 2010. Euro, Sterling and US Dollar against the shekel.
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Top 5 tips when making Aliyah

On December 15, 2010 By
Here our Head of Trading explains IsraTransfers top 5 tips when making Aliyah.
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More intervention, but what has it achieved?

On December 9, 2010 By
So, the governor of the Bank of Israel intervened again in the currency markets by purchasing approximately $50 million. Whilst this had a reaction in the first few hours of weakening the Shekel by approximately 0.5%, we are now back to the rates we were at before the intervention. My question, therefore, is whether this [...]
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Sterling up against the shekel

On October 28, 2010 By
The last few days have seen a great improvement in the sterling shekel rate. Despite broad shekel strength, monday saw some unexpected news that helped sterling rally. GDP figures in the UK came in at 0.8% instead of the expected 0.4%. As a result the markets now believe it is a lot less likely that [...]
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Interest rates up, but why?

On September 28, 2010 By
The Bank of Israel put interest rates up last night by 0.25 basis points to 2%. This decision was expected, but not popular. There were two considerations the Governor of the bank Stanley Fischer had to think about. 1. Inflation – in particular house prices. House prices are showing double digit growth, and is hence [...]
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Interest Rates up, but what effect on the Exchange rate?

On March 29, 2010 By
Governor of the bank of Israel last night decided to raise interest rates in Israel by a quarter point to 1.5%. This is the first time he has raised interest rates since the end of December, and it was a little surprise. At the beginning of the week it was widely expected that he would [...]
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