The daily reports for important events that affects the forex, stocks and commodities markets.

04/07/2023 Daily Reports

Support Level: 1.0830 – 1.0730 – 1.0630 Resistance Level: 1.0940 – 1.1010 – 1.1100 EUR/USD At the start of the new trading week, the Euro manages to bounce off earlier lows and encourages EUR/USD to retake the 1.0900 yardstick and above as markets in the old continent draw to a close on Monday. Meanwhile, the […]

03/07/2023 Evening Reports

Eurozone Manufacturing PMI Falls in June; ECB Signals Further Tightening… *Today and tomorrow, we would like to remind you that there may be decreases in the trading volumes of certain products and changes in trading hours due to the “US Independence Day” holiday. *While the manufacturing PMI in the Eurozone fell to 44.8 in May, […]

The daily reports for important events that affects the forex, stocks and commodities markets.

03/07/2023 Daily Reports

Support Level: 1.0830 – 1.0730 – 1.0630 Resistance Level: 1.0940 – 1.1010 – 1.1100 EUR/USD The EUR/USD rebounded further after US consumer inflation data and climbed above 1.0900, hitting fresh daily highs, boosted by a weaker US dollar. The greenback pulled back after the report, and commodities and US equities futures rose. The US Bureau […]

30/06/2023 Evening Reports

30/06/2023 Evening Reports 30/06/2023 Evening Reports 30/06/2023 Evening Reports We’re Closing the Month of June with US and Euro Zone Data… The May PCE price index, a key inflation indicator in the USA, was announced at 15:30 CET. Following the data release, the US Dollar index and US 10-year bond yield slightly declined, while Ounce […]

The daily reports for important events that affects the forex, stocks and commodities markets.

30/06/2023 Daily Reports

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.0940 – 1.1010 – 1.1100 EUR/USD The Euro now rapidly gives away the earlier optimism and forces EUR/USD to accelerate the breakdown of the 1.0900 hurdle and print new lows for the current week in the 1.0860 zone on Thursday. Indeed, the pair makes another U-turn, […]

29/06/2023 Evening Reports

The US Economy Has Grown Above Expectations ! FED Chairman Powell spoke about monetary policy at the ECB Forum today at 09:30 CEST. He indicated that the FED plans to raise interest rates twice more this year, highlighting the robustness of inflation and the job market. The FED places importance on the strength of the […]

The daily reports for important events that affects the forex, stocks and commodities markets.

29/06/2023 Daily Reports

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD EUR/USD snaps two days of straight gains drop on hawkish remarks by the US Fed Chair Jerome Powell, who shared a panel with the ECB President Christine Lagarde. Even though both policymakers struck hawkish remarks, the greenback finished with the […]

28/06/2023 Evening Reports

FED, ECB and BOE Will Continue Tightening, BOJ Divides… *We followed the panel discussion at the European Central Bank conference held in Sintra, Portugal, with the participation of the heads of four major central banks. ECB President Lagarde, Fed Chairman Powell, BOE Governor Bailey, and BOJ Governor Ueda made statements regarding monetary policy. ECB, Fed, […]

The daily reports for important events that affects the forex, stocks and commodities markets.

28/06/2023 Daily Reports

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD The Euro has continued its positive momentum from Monday, resulting in EUR/USD reaching the 1.0975/80 band, or 3-day highs, on Tuesday. On the other hand, the US Dollar is experiencing a downward correction, relegating the USD Index to trade in […]

27/06/2023 Evening Reports

Lagarde’s Statements and US Data Make an Impact on the Market… *We followed the Durable Goods Orders data in the US at 15:30. While the headline figure was reported at 1.7%, the core data came in at 0.6%. Despite this data coming in above expectations, it did not recover the Dollar Index, and the currency […]