Impressions from the Last Trading Day of July… *The balance sheet period, which started in international stocks, will continue with the announcement of Apple and Amazon’s balance sheets in the new week.-1 August Tuesday Pfizer; Merck, AMD and Starbucks-2 August Wednesday; Qualcomm-3 August Thursday; We will follow Amazon and Apple. *We followed the inflation and economic growth […]

PCE Price Index Increase Rate Decreased in USA… *GDP in Germany for the second quarter shrank by 0.2% quarter-on-quarter, below the expectation of 0.1%. GDP contracted by 0.6% on an annual basis. *After the ECB’s interest rate hike decision yesterday, ECB Members made statements today. ECB Member Simkus said at the September meeting that there will be […]

ECB Increases Interest Rate… *As expected, the European Central Bank (ECB) increased the policy rate by 25 basis points to 4.25% at its meeting today. In the statement, it was stated that inflation continues to decrease, but it is expected to remain high for a long time and the ECB is determined to ensure that inflation […]

FED Will Announce Its Interest Rate Decision… *FED will announce the interest rate tonight at 21:00. The interest rate is expected to be increased by 25 basis points to 5.50%. After the interest rate decision, FED Chairman Powell will make a statement at 21:30. Powell is expected to make statements on whether or when the rate hike process […]

Consumer Confidence Rises in the USA… *The Ifo Business Confidence Index for July, which we are following today in Germany, decreased from 88.5 to 87.3, and the IFO Current Conditions Index decreased from 93.7 to 91.3. The data was expected to come at the level of 88.0 and 93.0, respectively. *In the assessment made by the […]

Manufacturing Sector Shrinked in Europe and USA… *Manufacturing and Services PMI data announced in Europe today showed a contraction. Manufacturing PMI fell from 40.6 to 38.8 in Germany, from 43.4 to 42.7 in the Eurozone and from 46.5 to 45.0 in the UK. The Services PMI, on the other hand, fell from 54.1 to 52.0, from 52.0 […]

Close to Ending the Week, Dollar Index Rebounds… *As a result of the recovery of the dollar index and its rise above the 100 level, the risk appetite that has been going on for a while in the global markets decreased. Stock markets are taking a break from the general rally trend, albeit slightly. EURUSD […]

Despite the Crisis, Trade Fluctuates: Russia Cancels Grain Agreement… *In addition to Russia’s cancellation of the grain corridor agreement at the beginning of the week, it was announced that they would define “weapon-carrying element” to ships going to Ukraine yesterday. Here, the crisis got a little tougher. Chicago wheat futures were very volatile throughout the day. While the […]

British and European Inflation Marked the Day! *We started the morning with inflation data from England. Headline CPI was 7.9% and Core CPI was 6.9%, falling behind the previous month. After the declining inflation data, we saw a pullback of about 100 pips on the Sterling side. This data is a positive development for the UK economy and […]

We Monitor the General Situation of Retail Sales and Dollar Index in the USA…  *Retail sales in the USA for June were the data expected by the markets during the day. Core retail sales were announced as 0.2% on a monthly basis and headline sales at 0.2% on a monthly basis. *EURUSD continues to price in […]