Important Data Announced in the Euro Zone, Germany and the USA… *Gross domestic product (GDP) in Germany was expected to grow by 0.3% in the first quarter, while a contraction of -0.1% was recorded. A growth of 0.2% was recorded compared to the same quarter of the previous year, and the growth expectation of 0.8% […]
CBRT Didn’t Change Its Policy Rate Decision… *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 […]
US Trade Deficit Decreased, Durable Goods Orders Increased… *Durable Goods Orders in the US came in at 0.3% in March versus negative expectations of -0.2%. The data was announced as -0.3% last month. Core Durable Goods Orders came in at 3.2%, above the 0.7% expectation. The data was announced as -1.2% last month. * In […]
ECB/Villeroy, “Inflation Will Probably Drop To 2% By The End Of 2024.” *Swiss Trade Balance posted a surplus of CHF 4.53 billion (Swiss francs) in March, surpassing the expectations of CHF 3.49 billion. *US President Joe Biden announced that he will run again in the 2024 elections. *Broadbent of the Bank of England (BOE), “if […]
Capacity Utilization Rate and Manufacturing Confidence Increased in April… *In the Ifo business confidence data released in Germany, the Business Climate Index rose to 93.6 with an increase of 0.4 compared to the previous month, even though it was below the expectation of 94 in April. Operating Expectations rose to 92.2 from 91, beating expectations […]
Decline in Philly Manufacturing Data in the USA Eases the Dollar Again… * While the Philly FED Manufacturing Index, which came in at 15.30 during the day, fell from -23.2 to -31.3, we see that the US Dollar weakened a little in the face of this weak data. Markets continue to see the probability of […]
Dollar Index In An Effort To Recuperate… *We saw double-digit data again in the UK inflation, which was announced in the morning hours. Headline inflation was 10.1% year-on-year, while core inflation was 6.2% year-on-year. Especially if we look at the core inflation side, price increases are still evident. UK headline annual inflation remains in double […]
Statements of FED Members Continue One After Another… *FED Member Bullard, in a statement to Reuters today, stated that he sees the restrictive policy rate in the range of 5.5% – 5.75%. Bullard emphasized that there is no clear progress in inflation and that interest rates should be continued to increase. With the statements of […]
Statements of FED Members Continue One After Another… *FED Member Bullard, in a statement to Reuters today, stated that he sees the restrictive policy rate in the range of 5.5% – 5.75%. Bullard emphasized that there is no clear progress in inflation and that interest rates should be continued to increase. With the statements of […]
The Only US Data of the Day Provides Recovery in Dollar Index… * On the first trading day of the week, there was a calm in the global markets in terms of economic data. Market pricing was also generally calm in the European session. *The balance sheet period has started in foreign markets and this […]