22/11/2022 Evening Reports
- Global markets remain calm during the US Thanksgiving week. The price movements are narrow and there is a generally flat market. The Dollar Index is 107, the EURUSD parity is at 1.0260 and the Ounce Gold side is priced in the 1750 region.
- In the data announced during the day, the data from Japan in the morning attracted attention. Bank of Japan inflation gauge reached a record level as price pressures increased in Japan and stood at 2.7%. This situation is important and may be enough to raise questions about the extent to which the BOJ can continue its extremely loose monetary policies in contrast to the world.
- ECB member Rehn stated that the pace of interest rate hikes will depend on how the economy develops, and that in fact, interest rate hikes will be further increased. However, the pace of this possible move is controversial and uncertain for now.
- After yesterday denying the news that Saudi Arabia will increase oil production, today the Kuwaiti Oil Minister denied the news that production will increase. In his speech, the US energy diplomat also stated that they would look to buy oil if the prices reached the $70 limit.
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BRENT – Fluctuated with Developments Regarding Saudi Arabia…
With the news that Saudi Arabia will increase its oil production in December, Brent Petroleum decreased to 82.34. Later, with the Saudi authorities denying these reports, the declines in Brent Petrol were reversed and the rises were seen. In the continuation of the rise, 89.30 and 90.53 can be viewed as resistance. In pullbacks, 87.90 and 86.40 can form support.
GAU/TRY – Rising With Support From 1038.58 Level…
1038.58 support was tested after pullbacks in Gr Gold TL. It also rises with the work of this support. In the continuation of the rise, 1058 and 1068 can be viewed as resistance. 1031.60 and 1033.50 can form support in pullbacks and pricing below 1038.58.
GBP/USD – Rising with the Support of Rising Price Trend…
After the pullbacks in the GBPUSD parity, the rises are seen with the support of the rising price trend that we watched in the 4-hour period. In the continuation of the rise, it can be viewed as 1.1915 and 1.2000 resistance. In pullbacks, the rising price trend can create significant support. If this trend is broken, pullbacks may gain momentum.
EUR/USD – Testing 1.0275 Resistance…
1.0275 support is being tested with the support received from the rising price trend that we watch in the hourly period in the EURUSD parity. Transactions in favor of the Euro may gain momentum when this level is exceeded or above. In this case, 1.0360 and 1.0410 can be viewed as resistance. In pullbacks, the rising price trend can create significant support. If this level is broken, selling pressure may increase.
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