28/02/2023 Evening Reports
- GDP in Turkey for the 4th quarter, which we are watching today, grew by 0.9% quarterly and 3.5% year-on-year. In the previous quarter, the economy contracted by 0.1% on a quarterly basis and grew by 3.9% on an annual basis. In 2022, while the GDP in dollar terms was 905 billion 501 million dollars, the per capita GDP was 10 thousand 655 dollars.
- The GDP announced in Switzerland for the fourth quarter remained below the expectations and came in at the level of 0.0% on a quarterly basis with no change, while it grew at the level of 0.8% on an annual basis. Growth was expected to be 0.1% QoQ and 1.0% YoY.
- Another country whose GDP data for the 4th quarter was announced today was Canada. Canadian GDP remained unchanged on a quarterly and annual basis and came in at 0.0% in Q4. In the previous quarter, the economy had grown by 0.6% and 2.3%, respectively.
- On the US side, we followed the Trade Balance for January. The Trade Balance gave a deficit of 91.50 billion dollars. The previous month, the Trade Deficit was $89.67 billion. After the data, the US 10-year bond yield rose to 3.959 percent.
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USD/JPY
USD/JPY – The Uptrend Continues…
Although there were pullbacks to the level of 135.90 the other day, this effect did not continue today and the upward trend gained strength again. After 70 days, prices were seen at 136.80 in the pair. As long as the movements in favor of the dollar continue, increases to the 137.85 resistance can be seen. In pullbacks, it can be viewed as 135.83 support.
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CRUDE
CRUDE – Ascension Gained Speed…
Crude Oil recorded a rapid rise with the strength it received from the 75.95 support. Crude Oil, which was priced at 77.43 momentarily, came very close to the 77.75 resistance. If this resistance is reached and the upward movements continue, there may be an increase to the next resistance level, 78.81. In case the pullbacks show the effect, it can be followed as 75.95 support.
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EUR/USD
EUR/USD – Pricing from 1.0618…
There was an increase in the pair until 1.0619 with the pricing in favor of the Euro. Instantly, the pricing continues around this level. Since the first week of February, prices have remained below the 14-day moving average. As long as it is below the moving average, decreases to 1.05 – 1.04 levels can be experienced. In case the rises show the effect, 1.0635 and later 1.0705 can be followed as resistance.
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