Support Level :1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0776 – 1.0800 – 1.0850 EUR/USD The Euro (EUR) resumed its uptrend vs. the US Dollar (USD) and rose to an eight-month new high around 1.0776, ahead of the release of the Consumer Price Index (CPI) in the United States (US), which is foreseen to […]
End of the year… We are coming to the end of 2022. As we approached the end of the year, the slight decline in US inflation data and China’s abandonment of its zero covid policy allowed the markets to breathe a little. This weekend was quiet due to the year-end holiday mood and the lack […]
Markets Remain Stable Towards the End of the Year… ØLimited price volatility continues in global markets. ØThere is a slight decline in the government bond rates, which has been on the rise with the statements of the hawk central banks recently, but the price activity is limited. ØWhile major instruments are traded at almost the […]
Last Week of the Year Global Bond Rates On An Uptrend… *Limited movements continue in post-Christmas market pricing. EURUSD parity is priced at 1.0625, Ounce Gold 1807, GBPUSD parity at 1.2020 and USDJPY at 133.35. *Global bond yields are on the rise in Germany and the USA. *Yesterday, Dutch Central Bank Governor Knot’s continued statements […]
Support Level: 1.0400 – 1.0290 – 1.0220 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD keeps the optimism well and sound and advances to new highs near 1.0550, an area last seen back in late June. It regained the upward potentials post payroll release and ended the week at around 1.0530, still bullish in the […]