30/11/2022 Evening Reports

Turkish Economy Grows by 3.9%...
  • Turkey’s 3rd quarter GDP, announced today, shrank by 0.1% on a quarterly basis and grew by 3.9% on an annual basis. GDP had grown by 2.1% and 7.6% in the previous quarter, respectively. Financial and insurance activities and information and communication activities made the biggest contribution to the annual growth in GDP. The construction sector, on the other hand, contributed to growth in a reducing direction.
  • The Consumer Price Index (CPI) for November, announced today in the Euro Zone, fell below the expectations by 0.1% month on month and increased by 10.0% year on year. Data were expected to increase by 0.2% and 10.4%, respectively. CPI came in at 10.6% on an annual basis in October. Despite the decrease in the rate of increase in CPI, it is still above the target level of 2% of the European Central Bank, and therefore, the ECB is expected to continue to increase interest rates at its meeting on December 15.
  • ADP Non-Farm Employment in the USA, which we are watching today, increased by 127 thousand, below the expectation of 200,000. Apart from this data, the GDP announced for the third quarter grew by 2.9% on a quarterly basis, above the expectation of 2.7%. After the mixed data, the Dollar Index first depreciated, then gained value by taking back the losses.
Account Opening

Open A Demo

CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.

    Support Level: 1053.20-1038.58-1031.60 Resistance Level: 1058-1068-1077


    GAU/TRY – Rising Towards 1058 Resistance…

    The rises, which started with the support taken from the 1031.60 level in Gr Gold TL, continue towards the 1058 resistance. It can be followed as resistance at 1068 and 1077 when the price is exceeded and above the 1058 level. In the pullbacks, the rising price trend that we watch in the 1053.20 and 4-hour period can create support. If this trend is broken, transactions in favor of TL may accelerate.

    Account Opening

    Open A Live Account

    CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.

    Forex Mobile & Desktop App


    CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!

    Support Level: 85.54-84.10-82.99 Resistance Level: 87.90-89.30-90.53


    BRENT – The Upper Band of the Formation Has Been Tested…

    API Crude Oil Stocks, which we tracked in the USA at night, increased by 7.9 million barrels. Despite the increasing stocks, Brent Petrol tested the upper band with the support from the lower band of the triangle formation that we watched in the 4-hour period. It is also pulling back with the resistance encountered in the upper band. In the continuation of the pullback, 85.54 and the lower band of the formation can be viewed as support. In upward transactions, the upper band of the formation may create resistance again. In which direction the formation is exited up or down, the transactions can gain speed in that direction.

    Support Level: 1754-1738.45-1721 Resistance Level: 1763.25-1772.05-1787.50


    XAU/USD – 1763.25 Resistance Retested…

    1763.25 resistance in Ounce Gold was tested today after Monday. If this level is crossed, the upside momentum may increase. In this case, 1772.05 and 1787.50 can be viewed as resistance. In retreats, 1754 and 1738.45 can form support.

    Support Level: 138.875-137.87-136.70 Resistance Level: 139.90-140.795-141.60


    USD/JPY – ADP Withdrawn After Non-Farm Employment…

    In the USDJPY parity, there were increases to the level of 139.10 with the support of the rising price trend that we watch in the hourly period. After the ADP Non-Farm Employment, announced in the USA, came in at 127 thousand, below the expectation of 200,000, there were retreats. In the continuation of the pullbacks, 138.875 and the rising price trend can form support. In case of a downward trend from the rising price trend, the momentum may increase in favor of the Dollar. In case of holding on this trend, it can be viewed as 139.90 and 140,795 resistance.

    Forex Trading Platforms

    MetaTrader 4

    MT4 has user friendly interface that is providing simplicity and efficiency. The traders can perform trading strategies for different products like Forex and CFD. MetaTrader 4 has over 50 built-in indicators, also it’s the tool that predicts trends and defines the appropriate entry and exit points.

    Forex MetaTrader 4 All Img
    CDO Markets Limited - FX Trading

    Contact Us

    Please, fill the form to get an assistance.