23/12/2022 Evening Reports

Home Sales Increase in the USA, Durable Goods Orders Decrease...

The Number of Foreign Tourists in Turkey for the month of November, which we follow today, increased by 44.64% on an annual basis and reached 2,552 million people. The Number of Foreign Tourists for the January-November period also increased by 84.77% to 42,164 million people. The countries that sent the most tourists were Russia, Bulgaria and Germany.

Core PCE Price Index, which is the data announced in the USA for November and closely followed by the FED during the interest rate hike process, increased by 0.2% monthly and 4.7% annually as expected. Data had increased by 0.2% and 5.0%, respectively, in the past month. Durable Goods Orders, another important data announced in the USA, decreased by 2.1% and Core Durable Goods Orders increased by 0.2%.

New Home Sales in the USA, which we tracked for November, increased by 5.8%, contrary to the expectation of a decrease of 4.7%. Housing Sales on the basis of units, on the other hand, exceeded the expectation of 600 thousand and became 640 thousand. Michigan 12-Month Inflation Expectation, another important data announced at the same time, decreased from 4.6% to 4.4%.

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    Support Level: 78.25-76.70-75.74 Resistance Level: 79.74-80.78-81.77

    CRUDE

    CRUDE – 79.74 Resistance Tested Today too…

    Transactions in Crude Oil take place within the rising price channel that we watch in a 4-hour period. The resistance of 79.74 in the channel was tested after yesterday, but it could not be passed. If this level is passed, 80.78 and 81.77 can be viewed as resistance. In retracements, 78.25 and the lower band of the channel can form support.

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    Support Level: 23.40-22.76-22.10 Resistance Level: 24.40-24.84-25.54

    XAG/USD

    XAG/USD – Rising With Support From 23.40 Level…

    The pullbacks, which started with the positive growth data in the USA yesterday, continued until the 23.40 support. With the support received from this level, some of yesterday’s declines were reversed. In the continuation of the rise, 24.40 and 24.84 can be viewed as resistance. In pullbacks and pricing below 23.40, 22.76 and 22.10 can form support.

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    Support Level: 132.33-130.81-129.10 Resistance Level: 133.592-134.51-135.01

    USD/JPY

    USD/JPY – Recovering With Support From 130.81 Level…

    The USDJPY parity fell as low as 130.81 support as the Bank of Japan (BOJ) increased the government bond yield by 50 basis points. With the support received from this level and the positive growth in the USA and the PCE Price Indices, recovery is seen in the parity. In the continuation of the recovery, 133.59 and 134.51 can be viewed as resistance. In pullbacks, 132.33 and 130.81 can form support.

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