ECB Members “At least 2 50-Point Interest Rate Increases Eligible” The Consumer Confidence Index for January, which we follow in Turkey today, rose from 75.6 to 79.1%. Apart from this data, the Financial Situation Index of the Household increased from 57.4 to 61.6 and the General Economic Situation Expectation Index rose from 77.3 to 82.7. […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0890 – 1.0950 – 1.1000 EUR/USD EUR/USD advances for the third consecutive session and revisits the 1.0860 area amidst alternating risk appetite trends and humble gains in the greenback. The pair ended the week around 1.0855, still bullish in the daily chart. Indeed, the appetite for […]
BOJ Statements Are On The Agenda As FED Members Enter Blackout… As we close the week, our eyes were on the US 10-year bond yield, Ounce Gold and Dollar Index. The US 10-year bond yield, which declined to 3.32% during the week, has been reacting since yesterday and has reached 3.5% again today. The US […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0890 – 1.0950 – 1.1000 EUR/USD Bulls remain in control of the sentiment around the single currency, with EUR/USD charting decent gains above the 1.0830 mark as the NY session draws to a close on Thursday. Indeed, the selling interest around the greenback allows the continuation […]
ECB Minutes and Lagarde Falcon Tone Keeps Defending… ECB President Lagarde made statements as if to reaffirm his determination that the European Central Bank will continue its tightening policy. In today’s speech, Lagarde was asked why he was unable to persuade the market about the tightening policy, “asking market participants to reconsider their positions.” He […]
Support Level : 1.0760 – 1.0710 – 1.0630 Resistance Level : 1.0890 – 1.0950 – 1.1000 EUR/USD EUR/USD reversed its course after hitting a nine-month high around 1.0887 on Wednesday after US economic data could further cement the case for US Fed officials to slow down the pace of tightening. Additionally, the US Dollar found […]
US Data Continued Weakening Dollar Index… The key data from the US during the day included the Producer Price Index and Retail Sales. USA – PPI (monthly): -0.5% (Previous: 0.2%) USA – PPI (annual): 6.2% (Previous: 7.3%) USA – Core PPI (monthly): 0.1% (Previous: 0.2%) USA – Core PPI (annual): 5.5% (Previous: 6.2%) When we […]
Support Level: 1.0770 – 1.0710 – 1.0630 Resistance Level: 1.0870 – 1.0950 – 1.1000 EUR/USD The euro is under pressure on Tuesday, under control by bears and falling from a high of 1.0869 to a fresh low of 1.0773. It ended the day around 1.0790 and still bullish in the daily chart. ECB policymakers are […]
Our Attention Will Be On The Bank Of Japan Towards Morning! Although the economic data for the 4th quarter from China in the Asian session last night was above the expectations, it clearly showed the slowdown trend. This slowdown of China, which repeated the Covid closures in the last quarter of 2022, is extremely normal. […]
Support Level: 1.0770 – 1.0710 – 1.0630 Resistance Level: 1.0880 – 1.0950 – 1.1000 EUR/USD EUR/USD gives away some gains and returns to the negative territory following an earlier climb to new highs around 1.0880. It ended Monday at around 1.0815, still bullish in the daily chart. Market participants were still cheering, easing United States […]