Market Remains Stable As Critical Week Approaches… Weekly Unemployment Benefit Applications received from the USA at 16.30 during the day amounted to 230,000. The previous week’s data was also revised from 225,000 to 226,000. During the European session, major pairs priced narrowly due to the lack of significant data on the economic calendar. The cautious […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The EUR/USD dropped near 1.0500 following comments from Russian President Putin. The Euro is among the weakest currencies of the American session. Earlier it peaked at 1.0549, the highest level in two days. Market sentiment deteriorated briefly after Russian President Vladimir […]
China Takes Decision to Relax in Covid Policy… China announced earlier in the day that positive cases with mild symptoms or who are asymptomatic will be allowed to be quarantined at home instead of seven days. “No form of mobility control should be implemented,” the Chinese government said in a statement, explaining that batch PCR […]
Support Level: 1.0430 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD The Euro is extending some of its Monday losses against the US Dollar, stuck below the 1.0500 figure amidst a risk-off impulse, as data released in the United States did not bolster the USD. Factory Orders in Germany surprisingly exceeded estimates, […]
The Difference Between US 2- and 10-Year Bond Spread Is Increasing… The calmness of the intraday data density and explanations was also reflected in the prices. In instruments traded in a narrow price range in general, EURUSD parity is above 1.05, Ounce Gold is at 1775 levels, USDJPY parity is stable in 136 region. While […]
Support Level: 1.0400 – 1.0290 – 1.0220 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD keeps the optimism well and sound and advances to new highs near 1.0550, an area last seen back in late June. It regained the upward potentials post payroll release and ended the week at around 1.0530, still bullish in the […]
Inflation Slowed Down in Turkey in November… According to the data announced by the Turkish Statistical Institute (TURKSTAT), consumer inflation (CPI) was 84.39 percent on an annual basis in November. CPI increased by 2.88 percent on a monthly basis. Annual inflation was recorded as 85.51 percent in October. In the same period, a slowdown was […]
Support Level: 1.0400 – 1.0290 – 1.0220 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD keeps the optimism well and sound and advances to new highs near 1.0550, an area last seen back in late June. It regained the upward potentials post payroll release and ended the week at around 1.0530, still bullish in the […]
Dollar Index Gains Value After Non-Farm Employment… The Producer Price Index (PPI) for October in the Euro Zone, announced today, came below the expectations and decreased by 2.9% month on month and increased by 30.8% year on year. The data was expected to decrease by 2.0% monthly and increase by 31.5% annually. In his speech […]
Support Level: 1.0470 – 1.0390 – 1.0290 Resistance Level: 1.0600 – 1.0700- 1.0800 EUR/USD EUR/USD trades on a firm foot and manages to surpass the 1.0500 barrier to clinch fresh multi-month tops on Thursday. The June high past 1.0600 now emerges as the next target and still bullish in the daily chart. The US Dollar […]