21/02/2023 Evening Reports

While the Manufacturing Sector Shrinks in the Euro Zone, the Service Sector Grows… In Germany, the Manufacturing PMI for February, announced today, dropped to 46.5 from 47.3, while the Services PMI rose to 51.3 from 50.7. Likewise, in the Euro Area, Manufacturing PMI fell from 48.8 to 48.5, while Services PMI rose to 53.3 from […]

20/02/2023 Evening Reports

Consumer Confidence In The German Economy Slightly Increased In 2023… Since US markets were closed today, data traffic was very low and market volatility remains low. While EURUSD parity continues to stay above 1.0655 that it tested last Friday, Ounce Gold is at 1846 levels. The US 10-year Treasury yield is at 3.81%. Construction Production […]

17/02/2023 Evening Reports

ECB’s Statements Are Falcon, But The Dollar Market Is Tightening Again… According to the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey, the year-end inflation expectation rose to 35.76% in February. The expectation in January was 32.46%. According to the data of the Turkish Statistical Institute (TUIK), house sales in January increased […]

16/02/2023 Evening Reports

Strong PPI Data in the USA Reinforced the FED’s Rate Increase Signals… Producer Price Index (PPI) data in the USA came in above expectations. PPI increased by 0.7% in January, above the expectations of 0.4%. Compared to the same period of the previous year, it increased by 6.0%, above the 5.4% expectation. Core PPI, on […]

15/02/2023 Evening Reports

US Retail Sales Data Released Positive Than Expected… According to the statement made by the Ministry of Treasury and Finance, in January 2023, central government budget expenditures were announced as 321.3 billion TL, budget revenues as 289.1 billion TL and budget deficit as 32.2 billion TL. The primary deficit was realized as 10.9 billion TL. […]

14/02/2023 Evening Reports

Inflation in the USA Continues Its Monthly Rising… Gross Domestic Product (GDP) growth data in the Euro Area were announced as expected. In the 4th quarter of 2022, 0.1% growth was recorded. On an annual basis, there was a growth of 1.9% in the 4th quarter. Although the growth in the Euro Zone has decreased […]

13/02/2023 Evening Reports

US Stock Market Indices Started The Week Positive… US stock indices started the session slightly positive on the calm day on the global side. US futures were positive throughout the day. US 10-year bond yield is 3.70% and 2-year yield is 4.55%. FED member Bowman, in his statement during the day, stated that the labor […]

10/02/2023 Evening Reports

Russia “We Will Not Sell Oil To Those Who Apply Price Ceiling” Industrial Production in Turkey for the month of December, which we follow today, increased by 1.6% monthly and decreased by 0.2% annually. The monthly increase in Industrial Production was led by the increases in the Mining and Manufacturing Industry. Apart from this data, […]

09/02/2023 Evening Reports

Rising Signals in Germany Leading Inflation Draw Attention… Bank of England (BOE) Governor Bailey said in a speech today that he is concerned that inflation will persist, so he voted to raise interest rates, that they should see more evidence of easing inflationary pressures, that a major recession is needed to keep inflation at 2% […]

The daily reports for important events that affects the forex, stocks and commodities markets.

09/02/2023 Daily Reports

Support Level : 1.0670 – 1.0580 – 1.0480 Resistance Level : 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD still trades in the familiar range, between high 1.0760 and low 1.0706 area. It failed to make a breakout on upside and continued under the sell pressure. It ended the day around 1.0725, still bearish in […]