Israel

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

Our bullish view on the Israeli shekel has been put on hold for now as the unit has experienced some short-term downside, currently trading around ILS3.60/US$. Support does exist... 2008-09-01

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

We have always said that a dollar bounce would derail our bullish view of the Israeli shekel, and this, in conjunction with the Bank of Israel (BoI)'s intensified dollar purchasing... 2008-07-24

Lower than expected inflation raises the possibility of Israeli interest rates staying on hold at 3.75% at the July 28th meeting, as opposed to being raised by 25bps, which could... 2008-07-16

After our bullish appraisal yesterday, the Bank of Israel intervened to weaken the shekel, causing it to sell off to ILS3.3790/US$ this morning, after hitting our target of ILS3.20/US$.... 2008-07-11