27/04/2023 Evening Reports
*In the Euro Area, service sector confidence increased from 9.6 to 10.5, while industrial sector confidence decreased from -0.5 to -2.6.
* It was announced that the US economy achieved 1.1% economic growth in the 1st quarter of 2023, resulting in a growth rate below the 2% growth expectation. After the announced data, there was a pullback in the EURUSD parity to the level of 1.1005.
* Unemployment claims in the USA were 230 thousand, below the expectation of 248,000. While economic growth remained below expectations, the employment data was better than expected;
*Russian Deputy Prime Minister Aleksander Novak said that the decision to reduce oil production by 500 barrels per day will continue until the end of the year. Noting that China has reduced its oil demand, he added that production is sufficient.
*According to the weekly bulletin published by the BRSA, the value of currency-protected deposit accounts rose from TL 1.89 trillion to TL 1.98 trillion last week.
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EUR/USD
EURUSD – 1.1065 Worked as Resistance Today too…
The parity side tested the resistance of 1.1065, which it tested recently, today, but when it could not break it, it regressed with profit sales. In intraday pricing, we will continue to follow 1.1065 as main resistance and 1.0975 as main support.
When we look at the image in general, the course on the uptrend line from 0.9550 continues.
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BRENT
BRENT – Prices Hold 77.80 Support For Now After Yesterday’s Sharp Fall…
After falling close to $4 yesterday, it is priced flat and in the $0.5 range today. At the same time, the 77.80 level is holding possible declines as support for now. 77.80 is the support we will watch during the day and resistance during the day in the reactions that may come from here. It can be seen as the 80.10 level.
If the decline experienced yesterday continues after the opening of the US markets and 77.80 is broken, our next support will be 75.10.
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XAU/USD
Ounce Gold – Remains in Intraday Squeeze Range…
The yellow metal continues its tight trend in the short term. We see the effect of the profit selling from the 2005 resistance in this squeeze, which is more clearly visible on the four-hour chart. However, pricing within the compression range continues. In intraday movements, in the short term, 2005 is important as resistance above and 1984 as support below. Exit in this band could start a new trend in yellow metal.
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