02/12/2022 Evening Reports

Dollar Index Gains Value After Non-Farm Employment...
  • The Producer Price Index (PPI) for October in the Euro Zone, announced today, came below the expectations and decreased by 2.9% month on month and increased by 30.8% year on year. The data was expected to decrease by 2.0% monthly and increase by 31.5% annually.
  • In his speech today, CBRT Chairman Şahap Kavcıoğlu said that interest rate cuts will contribute to the economy, that the improvement in inflation will continue, that international reserves have increased by 11.5 billion dollars in 2022 and that the upward trend is preserved and that they aim for a TL-dominated financial system.
  • Non-Farm Employment in the US for November, which we are watching today, came in at 263 thousand, well above the expectation of 200,000. Apart from this data, the Unemployment Rate at 3.7% remained unchanged, while Average Hourly Earnings increased by 0.6% monthly and 5.1% annually. Average Hourly Earnings were expected to increase by 0.3% and 4.6%, respectively. Dollar Index gained value after positive employment data.
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    Support Level: 1.0384-1.0320-1.0222 Resistance Level: 1.0510-1.0615-1.0740

    EUR/USD

    EUR/USD – The Pair Is At The Highest Of The Last 5 Months…

    On the last trading day of the week, the EURUSD parity, which managed to increase its gains in the European trading hour before the US Non-Farm Payrolls figures, rose above the 1.0510 band, which is the 50.0% fibonacci band of the 1.149-0.9535 decline. If the upward trend in the pair continues, 1.0615 and 1.0740, which is the 61.8% Fibonacci band, come to the fore as the next resistance zones. On the other hand, the 200-day exponential moving average will be the first important support area to follow in possible declines in the parity.

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    Support Level: 133.50-132.00-130.40 Resistance Level: 135.00-138.00-140.50

    USD/JPY

    USD/JPY – Weekly Loss Exceeded 4 Percent…

    In the USDJPY parity, which has been falling sharply since the beginning of the week, losses to close the week exceeded 4.00 percent. From a technical point of view, the USDJPY parity, which fell below the 200-day exponential moving average support, approached the 133.50 support band. If it falls below this zone, 132.00 and 130.40 levels can be viewed as the next support zones. On the other hand, the 135.00 band, which is the 200-day exponential moving average, will now be followed as the first resistance zone in possible reaction purchases in the pair.

    Support Level: 1769-1740-1725 Resistance Level: 1805-1825-1840

    XAU/USD

    XAU/USD – Three-Day Up Rally Loses Strength Near 1805 Resistance Zone…

    On the last trading day of the week, on the last trading day of the week, Ounce Gold, which took a break from the upward rally, encountered profit sales from near the 1805 resistance zone and fell below the 1800 band. In case of intensification of sales in Yellow Metal, the 100-week exponential moving average 1769 band can be viewed as the first important support zone. On the other hand, 1825 and 1840 levels can be followed as the next resistance zones if the uptrend in Precious Metal comes to the fore again and moves above the 1805 resistance band.

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