Closing Thanksgiving Week… Due to the US Thanksgiving day, the market in the whole world passed in the form of “holiday mode” in general. It’s been a stagnant week on the news feed and data side. However, let’s take a brief look at the pricing. Oil side continued the decline it experienced last week, albeit […]
Support Level: 1.0300 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD EUR/USD was last up 0.1% at 1.0405, and has stuck to a range of between 1.0381 and 1.0448 while US markets are closed on Thursday for Thanksgiving and liquidity will likely be thinner than usual until Asia and Frankfurt crossover on […]
CBRT Ends Interest Rate Cycle… Today is Thanksgiving in the USA. Equity markets are closed and futures products also have early closings. Pricing in the market was generally calm due to the “holiday mode”. After the FED minutes released yesterday remained less hawkish, there is a decline in US bond yields. The US 10-year Treasury […]
Support Level: 1.0300 – 1.0200 – 1.0100 Resistance Level: 1.0400 – 1.0480- 1.0600 EUR/USD The EUR jumped against the US Dollar USD following the release of the Federal Reserve (Fed) monetary policy minutes showed that policymakers agreed to slow the pace of rate hikes at the Federal Reserve’s (Fed) November meeting. At the time of […]
We Will Follow the Minutes of the Fed Meeting Before Thanksgiving Day in the USA… The minutes of the FED’s November meeting will be released at 10:00 pm(GMT+3) this evening before Thanksgiving in the USA tomorrow. In the minutes, we will follow a possible discussion that interest rate expectations will rise in the dot plot […]
Support Level: 1.0200 – 1.0100 – 1.0000 Resistance Level: 1.0310 – 1.0400- 1.0480 EUR/USD At 1.0295, EUR/USD is 0.53% higher in late trade in North American trade as the US Dollar retreated across the board on Tuesday while investors look past worries about China’s COVID flare-ups, boosting demand for more risky currencies. The greenback edged […]
The News that Oil Production Will Increase Has Been Denounced By Qatar Today… Global markets remain calm during the US Thanksgiving week. The price movements are narrow and there is a generally flat market. The Dollar Index is 107, the EURUSD parity is at 1.0260 and the Ounce Gold side is priced in the 1750 […]
Support Level: 1.0200 – 1.0100 – 1.0000 Resistance Level: 1.0300 – 1.0400- 1.0480 EUR/USD EUR/USD maintains the corrective downside well in place for yet another session and threatens to challenge the key support around the 1.0200 neighbourhood sooner rather than later. Indeed, in quite an uneventful session, the Greenback extends the recent bounce backed by […]
Thanksgiving Recession in Global Markets… Global markets started the new week with a slight decline in risk appetite and a slight recovery in the Dollar index. The Dollar Index reacted at 105.50 last week, rising to 107.25. Ounce of Gold is on the fourth day of its decline and has retreated to 1740 levels. The […]
Support Level: 1.0270 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD The EURUSD rejected by 1.0400 area again and fell during the American session to 1.0325 level, on a calm session across FX markets. The greenback spiked higher amid a deterioration in market sentiment that did not last much. Economic data released […]