Good US Employment Data, All Eyes Will Be on Official Non-Farm Data Tomorrow… The job market in the US remains strong. ADP Non-Farm Employment, which came in today at 16.15, was announced quite high compared to both expectations and the previous month. US ADP Non-Farm Employment Change: 235,000 (Exp. 150,000 ; Previous: 127,000) ADP chief […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0640 – 1.0680- 1.0710 EUR/USD The Euro (EUR) retraces against the US Dollar (USD) after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the […]
We Will Follow FED Minutes In The Evening… The US Dollar Index started to give back its gains one day after making a very positive start to the new year. Before the minutes of the FOMC meeting at 22:00 (GMT+3), we see that the movements on the Dollar side are getting a little better. The […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0600 – 1.0640- 1.0680 EUR/USD EUR/USD declined sharply in the early European session and touched its lowest level in three weeks at 1.0520 before staging a modest rebound. As of writing, the pair was trading at 1.0560, where it was still down nearly 1% on a […]
Dollar Index Starts 2023 Positively… While recovery efforts were seen in the Dollar Index in intraday pricing, the rise in Ounce Gold and bonds also drew attention with this pricing. While the US 10-year bond was purchased, its yield decreased to 3.75% inversely. US 2 and 10-year bond interest spreads increased to 60 basis points […]
Support Level: 1.0600 – 1.0584 – 1.0550 Resistance Level: 1.0700 – 1.0740- 1.0780 EUR/USD The Euro (EUR) sheds some ground against the US Dollar (USD) on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency […]
After Tomorrow, the holiday mood in the markets will start to end slowly… On the first trading day of the new year, almost all commodities, metals and stock markets were closed and we had a day when only parities were open. The European market was open and the Manufacturing PMI from Germany fell from the […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0740 – 1.0780- 1.0850 EUR/USD The EUR/USD advances modestly in the last trading day of 2022, during the North American session, though above its opening price by 0.13%. A light economic calendar keeps the EUR/USD pair within familiar ranges ahead of the week. At the time […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0690 – 1.0740- 1.0850 EUR/USD The Euro held to its gains vs. the USD as sentiment improved ahead of the last trading day of 2022. Data from the US showed a slight jump in unemployment claims, boosting the EUR/USD, while China’s Covid-19 relaxing restrictions keep investors […]
As the Year Approaches the End, the Market Remains Calm… Turkish Economy Confidence Index, which was announced in the morning hours, increased by 0.70 points to 97.60. Taking a look at the latest data for the year, U.S. Unemployment Claims came in at 225,000 this week, versus 216,000 last week. The US Dollar stumbled during […]