We Will Follow FOMC Member Waller’s Speech… *US API Crude Oil Stocks, which we tracked in the USA at night, decreased by 2,184 million barrels. Stocks were expected to increase by 2,150 million barrels. Crude Oil continued to rise with the effect of decreasing stocks. Today at 18:30 (GMT +3), the official Crude Oil Stocks […]
Support Level: 1.0670 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD surged to high 1.0770 area post Fed Powell’s speech, but failed to hold that gains and back to 1.0730 area to ended Tuesday, still bearish in the daily chart. The steep sell-off in EUR/USD post-US NFP remains unabated […]
FED/Kashkari: “We Are Determined To Lower Inflation” *European Central Bank (ECB) member Villeroy said in a statement that inflation is not far from the peak level and that he does not think it is necessary to choose between fighting inflation and avoiding a recession. * In his speech today, FOMC Member Kashkari said that the […]
US Treasury Secretary Yellen: “Inflation Remains High” *In the Euro Zone, the Construction PMI for January, announced today, rose from 42.6 to 46.1, and in Germany from 41.7 to 43.3. In England, there was a decrease from 48.8 to 48.4. Apart from these data, December Retail Sales, another important data we follow in the Euro […]
Inflation Expectations Decreased in the USA… Inflation Expectations Decreased in the USA… US Personal Consumption Expenses (PCE) were announced today at 16:30. On an annual basis, the core index came in at 4.4% as expected. The previous figure was 4.7%. Reduction in expenditures will be an important factor that will positively affect inflation. A data […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0890 – 1.0950 – 1.1000 EUR/USD EUR/USD extends further the auspicious start of the new year and advances past the 1.0900 barrier for the first time since April 2022. It retreated from the top and ended Monday around 1.0860, still bullish in the daily chart. In […]
Support Level: 1.0825 – 1.0775 – 1.0715 Resistance Level: 1.0865 – 1.0900 – 1.1000 EUR/USD EUR/USD resumed its advance and reached fresh multi-month highs, as market players made up their minds and increased bet for high-yielding assets. US Dollar under strong selling pressure as investors price in two Fed 25 bps hikes before pausing. EUR/USD […]
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 […]