04/11/2022 Evening Reports

After FED, England Raised Interest Rate...
  • While the headline employment change in the US Non-Farm Employment Report, which was announced at 15:30(GMT+3), was above the expectations, slight slackening was observed in the sub-headings of the data.

-USA – Non-Farm Employment Change: 261,000 (Expected: 200,000 ; Previous: 315,000)

-USA – Average Hourly Earnings (monthly): 0.4% (Exp: 0.3% ; Previous: 0.3%)

-USA – Average Hourly Earnings (yoy): 4.7% (Exp.: 4.7% ; Previous: 5.0%)

-USA – Unemployment Rate: 3.7% (Previous: 3.5%)

-USA – Labor Force Participation Rate: 62.2% (Previous: 62.3%)

  • While average hourly earnings increased above expectations on a monthly basis, there is some pullback on an annual basis. In addition, there is an increase of 0.2 points in the unemployment rate. On this side, the labor market still maintains its strength, but we see slight easing as predicted by the FED.

Despite the fact that the market closed its risk appetite and moved in favor of the dollar by looking at the headline data in the market reaction, the pricing was reversed again as a result of the sub-headings.

While the EURUSD parity rose and approached 0.99 during the day, Ounce Gold continued to rise one after the other and saw the 1667 level. US futures stock indices also drew a positive image during the day. However, the US 10-year bond yield remains above 4%.

  • The statements that China may make significant changes in its zero Covid case policy in the near future have started to increase. This move of China, which can see important policy changes in 5-6 months, may contribute to increasing the risk appetite in global markets.
  • ECB President Lagarde stated that the interest rate policy may change depending on the unexpected situations that may be encountered in the process. However, he added that high inflation will not be allowed to solidify.
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    Support Level:19.95-19.4250-19.0925 Resistance Level: 20.27-20.60-21.27

    XAG/USD

    XAG/USD – It Continues Its Rise After Non-Farm Employment…

    Non-Farm Employment in the US for October, which we follow today, came in at 261,000, above the expectation of 200,000. Unemployment Rate also rose from 3.5% to 3.7%. Silver is rising after mixed data. In the continuation of the rise, 20.27 and 20.60 can be viewed as resistance. In the pullbacks, 19.95 and 19.4250 can create support.

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    Support Level: 95.81-92.78-90.53 Resistance Level: 98.49-102.89-106.48

    BRENT

    BRENT- Rising Gained With the Breaking of the Falling Price Trend…

    The rises gained momentum with the breaking down of the falling price trend we monitor in Brent Petrol and the withdrawal of the Dollar Index after the mixed employment data we followed in the USA. In the continuation of the rise, 98.49 and 102.89 can be viewed as resistance. In pullbacks, 95.81 and 92.78 can form support.

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    Support Level: 0.9852-0.9798-0.9735 Resistance Level: 0.9910-0.9998-1.0072

    EUR/USD

    EUR/USD – US Employment Data Rises After…

    Non-Farm Employment in the US for October, which we follow today, came in at 261,000, above the expectation of 200,000. The Unemployment Rate rose from 3.5% to 3.7%, while Average Hourly Earnings rose 0.4%, more than expected at 0.3%. The EURUSD parity is rising after the mixed data. In the continuation of the rise, 0.9910 and 0.9998 can be viewed as resistance. In pullbacks, 0.9852 and 0.9798 can form support.

    Support Level: 990-980.25-968 Resistance Level: 996-1008-1015.10

    GAU/TRY

    GAU/TRY Rising Up To 996 Resistance…

    After the Non-Farm Employment announced in the USA came 261 above the expectation of 200 thousand and the Unemployment Rate rose from 3.5% to 3.7%, with the effect of the rises in Ounce Gold, Gr Gold TL rose to 996 resistance. 1008 and 1015.10 can be viewed as resistance when this level is crossed and above. As long as it remains below the 996 level, 990 and 980.25 can form support.

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