Support Level: 1.0630 – 1.0550 – 1.0500 Resistance Level: 1.0760 – 1.0800 – 1.0930 EUR/USD The EUR/USD breaks the 1.0700 barrier and climbs 0.50% after hitting a daily low of 1.0631. An improvement in market mood and ECB speakers lend a hand to the Euro, while the USD continues to weaken across the board. At […]
Support Level: 1.0600 – 1.0510 – 1.0440 Resistance Level: 1.0685 – 1.0760 – 1.0800 EUR/USD Financial markets were on a bumpy road this week amid concerns about the banking sector’s health. The EUR/USD pair traded between 1.0515 and 1.0759 to settle above the 1.0600 mark, marginally lower from Monday’s opening. Later on Friday, Industrial Production […]
Coming to the End of the Week, Tension Begins to Show Itself Again… The share value of Credit Suisse bank, which created a big agenda during the week, lost value by more than 11% in the European session today after its reaction yesterday and fell below 2 francs. With no change in the probability of […]
Support Level: 1.0510 – 1.0440 – 1.0300 Resistance Level: 1.0640 – 1.0700 – 1.0760 EUR/USD EUR/USD is higher on the day but hardly making headway after the European Central Bank raised interest rates as planned despite market turmoil and the banking crisis. At the time of writing, EUR/USD is trading at 1.0615 and higher by […]
After the Banking Crisis in the USA, Credit Suisse Created Panic in the Markets… After the bankruptcy of the Silicon Valley Bank in the USA and the negative situations experienced by the Swiss-based Credit Suisse, the interest rate decision from the ECB was a matter of curiosity. As expected, the ECB decided to raise interest […]
Support Level: 1.0510 – 1.0440 – 1.0300 Resistance Level: 1.0630 – 1.0700 – 1.0760 EUR/USD The EUR/USD is falling sharply on Wednesday and recently printed a fresh two-month low at 1.0521. It is hovering around 1.0580, after testing a critical level. The US Dollar rocketed as markets tumbled on banking concerns. Economic data from the […]
After the Banking Crisis in the USA, Credit Suisse Created Panic in the Markets… The European Central Bank (ECB) will announce its interest rate decision at 16:15(GMT+3) tomorrow. After the decision, ECB President Lagarde will make a statement at 16:45(GMT+3). The ECB is expected to raise interest rates by 50 basis points. Industrial production data […]
Support Level: 1.0650 – 1.0530 – 1.0470 Resistance Level: 1.0800 – 1.0900 – 1.1000 EUR/USD EUR/USD currency pair trades consolidated in the familiar range after Tuesday’s US CPI data release. However, the losses remain limited as market participants assess the inflation data’s implications on the Fed’s monetary policy. As of writing, the EUR/USD is up […]
US Consumer Inflation Increases 0.4% Monthly, 6.0% Annually… The US Federal Reserve (FED) has launched an investigation into whether the Bank of Silicon Valley (SVB) has gone bankrupt and has caused concerns in the banking system, whether it has fulfilled its oversight and operational responsibilities. Fed Chairman Powell said a comprehensive, transparent and rapid review […]
Support Level: 1.0650 – 1.0530 – 1.0470 Resistance Level: 1.0800 – 1.0900 – 1.1000 EUR/USD EUR/USD is up by over 0.9% in midday trade on Wall Street aided by a weaker US Dollar and ahead of the European Central Bank’s policy meeting on Thursday. Expectations call for the ECB to deliver a 50-basis point hike […]