Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0665 – 1.0740- 1.0850 EUR/USD The EUR/USD failed to break the current range despite hitting the highest level in 13 days. The pair peaked at 1.0675 and then pulled back. It is trading at daily lows near 1.0610, still bullish in the daily chart. The short-lived […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0665 – 1.0740- 1.0850 EUR/USD The EUR/USD has recovered 1.0611, reaching the lowest level since last Thursday and then bounced sharply to the upside, approaching daily highs as equity prices in Wall Street rebounded. It ended the day at around 1.0645, bullish in the daily chart. […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD pair holds ccomfortably above the 1.0600 round-figure mark through the early North American session and moves little in reaction to the mixed US macro data. It ended Friday near 1.0620, still bullish in the daily chart. The US Bureau […]
Home Sales Increase in the USA, Durable Goods Orders Decrease… The Number of Foreign Tourists in Turkey for the month of November, which we follow today, increased by 44.64% on an annual basis and reached 2,552 million people. The Number of Foreign Tourists for the January-November period also increased by 84.77% to 42,164 million people. […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD EUR/USD is moving in towards a price imbalance between 1.0580 and 1.0570 having already made a low of 1.0573. The price is coiled below the top of the bullish cycle up at 1.0763 and is breaking down the trend which leaves […]
Dollar Index Gains Value After US Data… In the UK, the GDP we track for the third quarter fell short of expectations, shrinking by 0.3% on a quarterly basis, while growing by 1.9% on an annual basis. The economy was expected to contract by 0.2% on a quarterly basis and to grow by 1.9% on […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD ØThe EUR/USD continues to move without a clear direction. It printed a fresh daily low at 1.0595 and then rebounded back above 1.0600 to ended the day at around 1.0610, still bullish in the daily chart. ØRisk sentiment prevailed after the […]
While Consumer Confidence Increases in the USA, Home Sales Decrease… The Consumer Price Index (CPI) for November, which we tracked in Canada, exceeded the expectations and increased by 0.1% monthly and 6.8% annually. The data was expected to come in at -0.1% and 6.7%, respectively. Core CPI, on the other hand, remained unchanged at 0.0% […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD pair seesaws between tepid gains/minor losses through the early North American session and is currently placed in neutral territory, around the 1.0600 mark, still bullish in the daily chart. The Bank of Japan-inspired rally in the Japanese Yen is […]
Markets Moved With Japan’s Interest Rate Decision… While the Bank of Japan (BOJ) did not change the interest rate at -0.10% as expected at the meeting held today, it increased the yield band for Japanese Government Bonds from 25 basis points to 50 basis points. After the decision, BOJ Chairman Kuroda said that they will […]