27/02/2023 Evening Reports
- In Turkey, the Trade Balance for January, which we are watching today, increased by 38.4% and had a deficit of 14 billion 237 million dollars. In January, Exports increased by 10.3% to 19 billion 369 million dollars, while Imports increased by 20.7% to 33 billion 606 million dollars. While Germany and the USA were the countries with the highest exports, Russia and Switzerland were the countries with the highest imports.
- The Eurozone Consumer Confidence Index for February, announced today, remained unchanged at -19. Among other confidence indices, the Economic Confidence Index fell from 99.9 to 99.7, the Service Confidence Index fell from 10.7 to 9.5%, and the Industry Confidence Index fell from 1.3 to 0.5.
- Durable Goods Orders in the US, announced today, decreased by 4.5%, more than the expected level of -4.0%. Core Durable Goods Orders rose 0.7%, beating the forecast of 0.1%.
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EUR/USD
EUR/USD – Priced Around 1.05…
The upward trend, which started with the reaction received at the level of 1.0532 in the morning, accelerated slightly with the Business and Consumer data from the Euro Zone and reached 1.0568. In the parity, where the transactions continue at the momentary level of 1.0558, the resistance can be viewed as 1.0574 in the continuation of the upward trend. In case the downward movement shows strength again, 1.0515 can be followed as support.
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BRENT
BRENT – Testing 82.47 Support…
Brent Petrol had rises from 80.44, which coincides with the uptrend line, to 83.24 last week. On the first day of the new week, 82.47 support is being tested. If this support fails to maintain its strength, there may be decreases to 80.90 support, which is close to the uptrend. In case the upward pricing strengthens, 83.94 may be resisted.
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USD/JPY
USD/JPY – The New Week Started Calmly…
In the parity, which experienced rapid rises at the close of the last week, a calm entry is taking place in the new week. The Yen has been losing strength against the Dollar for the past three weeks, although it is momentarily priced around 136.3. In the continuation of these power losses, it can be followed as 137.85 resistance. In case of downward movements, it can be followed as 135.83 and 134.50 support.
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