Support Level: 1.0970 – 1.0880 – 1.0800 Resistance Level: 1.1070 – 1.1180 – 1.1300 EUR/USD EUR/USD keeps the bid stance well and sound for the third session in a row on Thursday and trades in levels last seen around a year ago on the back of the unabated sell-off in the dollar. The upside momentum […]
US Producer Prices Decreased in March… *The UK GDP, which we tracked for February, did not change on a monthly basis, but grew by 0.1% on a quarterly basis and by 0.5% on an annual basis. Apart from this data, while the manufacturing sector came in at the level of 0.0% in February, industrial production […]
Support Level: 1.0935 – 1.0880 – 1.0800 Resistance Level: 1.1030 – 1.1100 – 1.1180 EUR/USD EUR/USD extends the bullish performance and prints new monthly highs around 1.0990 on Wednesday. Following a consolidation phase in the first half of the day on Wednesday, the US Dollar (USD) came under heavy selling pressure and registered large losses […]
US Inflation Weakened But Core Side Issues Warning… *The Headline Consumer Price Index (CPI), which we tracked in the US for March, remained below the expectations, increasing by 0.1% monthly and 5.0% annually. The previous data was at the level of 0.4% monthly and 6.0% annually.Core CPI, on the other hand, did not weaken like […]
Support Level: 1.0830 – 1.0790 – 1.0710 Resistance Level: 1.0930 – 1.0980 – 1.1030 EUR/USD The EUR/USD rose to 1.0928, reaching the highest level since last Thursday, and then pulled back. The Euro holds a bullish tone but remains unable to break above 1.0930. Data from the Eurozone showed a decline of 0.8% in Retail […]
FED/Williams “Lower Interest Rates If Inflation Drops“ *In his speech today, New York FED President Williams said that they saw some slowdown in employment demand but still high, inflation still hovers above the 2% target, they should monitor inflation, retail sales and other data, there are policies towards a restrictive stance, bank failures He stated […]
Support Level: 1.0830 – 1.0790 – 1.0710 Resistance Level: 1.0930 – 1.0980 – 1.1030 EUR/USD EUR/USD started the new week on the back foot and touched its lowest level in a week at 1.0830 in the American session. The pair was last seen trading a few pips below 1.0860, losing 0.5% on a daily basis. […]
Global Economy Slowing Down in Japan.. Ueda, the new head of the Bank of Japan (BOJ), said in his speech that large-scale monetary easing will continue, that negative interest rates are appropriate for now, that it is very possible to reach the sustainable price target as wage growth strengthens, and that he is aware that […]
Support Level: 1.0880 – 1.0790 – 1.0700 Resistance Level: 1.0980 – 1.1030 – 1.1100 EUR/USD The EUR/USD falls during the North American session and retraces towards the 1.0900 figure after a solid US Nonfarm Payrolls report. However, the Euro (EUR) is set to finish the week with decent gains of 0.61%, though it ended short […]
While Unemployment Declines in the USA, Non-Farm Employment Remains Below Expectations… *In the USA, non-farm employment was expected to increase by 239,000 in March, while an increase of 236,000 was recorded. An increase of 311,000 was announced last month. The unemployment rate fell from 3.6% to 3.5%. Average hourly earnings, on the other hand, met […]