Israel

While on a technical basis, the Tel Aviv-100 Index is poised to break through short-term resistance, we remain medium-term bearish Israeli stocks due to poor prospects for the all-important... 2008-12-11

The euro bounce against the dollar could have somewhat further to run, implying further shekel strength, but going forward, we expect the global deleveraging process to continue,... 2008-11-26

We see room for further shekel downside, on the back of the Bank of Israel (BoI)'s unscheduled 50bps cut in the policy rate on November 11. The cut, the third in a month, takes the... 2008-11-12

On August 4, we examined the key implications of a US dollar bounce (which has been our core view since early July) on Middle Eastern currencies. With the greenback having rallied... 2008-10-06

Our outlook for Israeli equities remains cautious, with much resting on developments in the US. As the accompanying charts show, the Tel Aviv 100 Index (TA100) has witnessed dramatic... 2008-09-30

We remain broadly constructive on the Israeli shekel, which has bounced back sharply over the last two days, breaking out of its six-week downtrend, in line with the positive view... 2008-08-22

While our faith in the Israeli shekel is distinctly out of consensus, and subject to ongoing observation of technical and fundamental signals, we are sticking to our end-year projection... 2008-08-18

Last week, we suggested that the inflationary pressures that have been sweeping the Middle East and North Africa region may be abating somewhat, potentially allowing Gulf states to... 2008-08-04

Although we remain very cautious, we note that there may be a ray of light at the end of the inflationary tunnel in the Middle East and North Africa region. We have revised up our... 2008-07-30

The Israeli shekel has bounced off weekly trendline support on the back of a 25bps rate hike, which took the lending rate to 4.00% yesterday, indicating that our bullish view on the... 2008-07-29