29/05/2023 Evening Reports
*US President Biden stated that the budget deal he will receive on Sunday, which received the 31.4 million issuance debt ceiling until January 1, 2025, after negotiations with the Speaker of the House of Representatives McCarthy, has been finalized and that the agreement is ready to be moved to Congress for voting. The deal will prevent the United States from defaulting on negotiations from Congress until June 5.
*He wants to ask that the market is stagnant and liquidity is low due to the US and UK holidays today. The Market Futures index seeks to drive early execution in products such as precious metals.
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EURUSD
EURUSD – On Calm Day 1.0715 Support…
On the first trading day of the week, when the US and UK markets are closed, the transactions in the parity continue in a very narrow band. Pricing continues just above the 1.0715 support tested last week. This is one of the important supports as the 0.9550/1.1090 rise coincides with the Fibonacci 23.6 retracement. If it is broken, the move in favor of the dollar may continue to gain strength.
In possible reactions, 1.0765 intermediate resistance and 1.0765 main resistance during the day.
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USDJPY
USDJPY – Opportunity In favor of Yen But Above 140.00 Support…
The USDJPY parity, which continued to rise step by step after exceeding 137.95, found the opportunity to move in favor of the Yen due to the closed US markets in the new week. However, it still stays above the 140.00 support. In general, what we are watching here is 137.95 main support and as we hold above this level, 142.30 will be the main resistance, which will be on our watch as we rise step by step.
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XAUUSD
Ounce Gold – Continuing to Hold on to the Trend It Has Followed Since November 2022…
The yellow metal continues to price just above the uptrend line from 1616 on a calm day due to the market holidays. This place has not broken for now and is pushing the trendline. If it is broken, negative movements can continue in a stronger way.
In possible attacks, the intraday resistance will be seen as 1955 and the main resistance as 1982.
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