12/01/2023 Evening Reports
- Retail Sales in Turkey, which we tracked in November, increased by 1.5% month on month and 12.1% year on year. Data rose 1.4% and 9.5%, respectively, in October
- According to the Expectations Survey announced by the European Central Bank, the increase in inflation for the last 12 months has come to a halt, the inflation expectation for the next 12 months has dropped from 5.4% to 5.0%, consumers expect their income to increase by 0.9% in the next 12 months, and economic growth for the next 12 months. It was stated that the expectation increased from -2.6% to -2.0%.
- In the US, the Consumer Price Index for December, announced today, increased by 0.1% month on month and 6.5% year on year. The data was expected to come in at 0.0% and 6.5%, respectively. Core CPI, on the other hand, increased by 0.3% monthly and 5.7% annually, as expected. While the Dollar Index depreciated, global indices gained value with the expectations that the FED will further slow down the rate of interest rate hikes as headline inflation fell from 7.1% to 6.5% and core inflation from 6.0% to 5.7% on an annual basis.
Open A Demo
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
CRUDE – Rally Continues With The Effect Of Losses In The Dollar Index…
The rally, which started with the support received at 72.50 after the declines in Crude Oil, continued to the level of 79.13 with the contribution of the losses in the Dollar Index. In the continuation of the rise, 79.74 and 80.78 can be viewed as resistance. In pullbacks, 78.25 and 76.70 can form support.
GAUTRY – Rising With FED Expectations After Inflation…
With the decrease in the rate of increase in inflation in the USA, expectations emerged that the FED would reduce the rate of increase in interest rates. After these expectations, with the effect of the rise seen in Ounce Gold, Gr Gold TL increases. In the continuation of the rise, 1152 and 1159 can be viewed as resistance. In pullbacks, 1139.10 and 1123.55 can create support.
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
EURUSD – 1.0800 Resistance Tested After Inflation Rates…
In the US, the Consumer Price Index for December, announced today, increased by 0.1% month on month and 6.5% year on year. The data was expected to come in at 0.0% and 6.5%, respectively. The EURUSD parity tested the 1.0800 resistance, with the expectations that the FEDI will further slow down the rate of interest rate hikes with the annual inflation falling from 7.1% to 6.5%. It can be viewed as 1.0845 and 1.0900 resistance when this level is exceeded and above. In pullbacks, 1.0765 and 1.0705 can create support.
MT4 has user friendly interface that is providing simplicity and efficiency. The traders can perform trading strategies for different products like Forex and CFD. MetaTrader 4 has over 50 built-in indicators, also it’s the tool that predicts trends and defines the appropriate entry and exit points.
Please, fill the form to get an assistance.