23/10/2023 Evening Reports
*The Consumer Confidence Index for October, which we follow today in Turkey, increased from 71.5 to 74.6. Apart from this data, the Household Financial Situation Index increased from 56.2 to 59.7, the General Economic Situation Expectation Index increased from 68.0 to 72.9, and the Thoughts of Spending on Durable Consumer Goods Index increased from 92.7 to 93.2.
*US 10-year bond interest rates increased to 5.0220% with the expectations that the FED would keep the interest rate at 5.50% there for a while. This level was the highest level in the last 16 years. Likewise, UK 10-year bond interest rates increased to 4.727%, the highest level since August 22.
*In the statement made by the Israeli army radio, it was stated that the ground operation in Gaza was postponed until the arrival of US forces, and that this was not the only reason for the postponement of the operation. There were also other reasons such as finding a solution to the issue of prisoners held by Hamas and the possibility of implementing additional release agreements.
Agenda of the Day (GMT +3);
06:30 p.m. US Bond Auction
EURUSD – Above 1.0575 Support, Could Check 1.0630…
The EURUSD pair continues to hold above the support at 1.0575 and also remains above the downtrend line at 1.1265. As long as the pair remains above 1.0575, the next critical resistance above is 1.0630. A rally above 1.0630 that may extend to 1.0765 can await us.
These possibilities are possible as long as the parity remains above 1.0575, but if it falls below 1.0575 again, movements in favor of the dollar may be triggered.
Ounce Gold – 1977 Continues to Push Resistance…
Although the news about postponing Israel’s land operation against Palestine caused the Ounce Gold to open downwards at the market opening, the yellow metal continued its rise during the day. With this rise, the 1977 resistance continues to be tested. Continuing the closures above 1977 may lead to a movement towards the 2000 and above region.
If it does not exceed 1977, we may observe profit sales.
Nasdaq – If 14605 Breaks, Strong Selling Wave May Be Triggered…
The Nasdaq futures index, which has fallen almost every day since last Tuesday, is strongly testing the 14605 support again today. Today, there was a sag below this support. It is testing this support for the fourth time since August. If a daily candle closes below this support, a strong selling wave may be triggered. We will be monitoring this carefully.
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