*Building Permits for May, which we followed in Canada, increased by 10.5%, exceeding the 9.6% expectation. Building Permits decreased by 21% in April.
*Fed Supervisory Vice Chairman Barr said he plans to propose many changes to bank capital rules in the coming months, adding that the current capital framework is sound but planned to build on these requirements, and recent bank failures have reinforced the need for regulators to focus broadly on bank soundness.
Agenda of the day;
18:00 (GMT +3) Speech by FOMC Member Mester
19:00 (GMT +3) Speech by FOMC Member Bostic
22:00 (GMT +3) Speech by Bank of England (BOE) Governor Bailey
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EURUSD
EURUSD – 1.0965 Resistance Testing…
The 1.0965 level, which was tested and not passed before, is being tested again in the EURUSD parity. If this level is exceeded and above, the upward momentum may increase. In this case, 1.0990 and 1.1025 can be viewed as resistance. In pullbacks, 1.0925 and 1.0900 can create support.
XAGUSD
XAGUSD – Rebounds With Support From 22.76…
It takes place within the rising price channel that we watch in a 4-hour period with trading in silver. Although 22.76 support was tested during the day, there were recoveries with the work of this support. In the continuation of the recovery, 23.21 and 23.40 may form resistance. In retracements, 22.76 and the lower band of the channel can form support.
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CRUDE OIL
CRUDE OIL – 73.82 Resistance Testing…
73.82 resistance in Crude Oil is being tested for the second time today. This level had not been tested during the day. If this level is exceeded, the upper band of the rising price channel that we watch in the hourly period may form resistance. As long as it remains below the 73.82 level, 73.25 and 72.50 can be followed as support.
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