UK Summer Bank Holiday

ECB/Kazimir “Necessary to Raise Rates Again in July“ *In his speech on the interest rate hike process, European Central Bank (ECB) Member Kazimir said that they should increase the interest rates again in July, that stopping interest rate hikes too early is a greater risk than excessive tightening, that upside inflation risks still remain important, […]

16/06/2023 Evening Reports

Inflation Rate Slowed Down in Euro Zone… * In his speech after keeping the interest rate at -0.10% level, Bank of Japan (BOE) Governor Ueda stated that there are both positive and negative effects caused by the weak Yen, the rate of decrease in prices is a little slow, and there is a lot of […]

15/06/2023 Evening Reports

ECB/Lagarde “We Are Not Considering Stopping Rate Increases“ * The European Central Bank (ECB) raised the policy rate by 25 basis points to 4.00% at its meeting today. In the statement made, it was stated that inflation is expected to be 5.4% and core inflation is 5.1% in 2023, core inflation indicators continue to be […]

14/06/2023 Evening Reports

FED Will Announce Interest Rate… *The UK GDP for April, announced today, grew by 0.1% on a quarterly basis and 0.5% on an annual basis. The data was expected to come in at -0.1% and 0.6%, respectively. Construction Production, which increased by 3.6%, gave the largest contribution to the GDP growth, while Industrial Production, which […]

13/06/2023 Evening Reports

Inflation Rate Decreased in the USA… *The Employment Change for April in the UK, announced today, increased by 250 thousand, exceeding the expectation of 150 thousand. The number of unemployed decreased by 13,600 people. After these data, the Unemployment Rate decreased from 3.9% to 3.8%. *The Zew Economic Index for June, which was announced today […]

12/06/2023 Evening Reports

BOE Member Haskel: Inflation momentum should be monitored… *In his speech today, Bank of England (BOE) Member Haskel said that they closely monitor the indicators and resilience of inflation momentum, that further rate hikes cannot be ignored and it is important that they continue to withstand the risks of inflation momentum. Agenda of the day;18:30 […]

08/06/2023 Evening Reports

Sudden Rises in EURUSD Parity… * Applications for unemployment benefits in the USA increased more than expected last week. While expectations were for an increase of 253,000, 261,000 applications were received. After the announced data, there were sudden increases in the EURUSD parity. Account Opening Open A Demo CDO has wide range of tools, professional […]

07/06/2023 Evening Reports

Discussions on Debt Limit in the USA Continue… *In the Euro Area, the Consumer Price Index announced for April increased by 0.6% on a monthly basis and by 7.0% on an annual basis. Data was expected to increase 0.6% monthly and 7.0% annually. Core CPI, on the other hand, came in as expected, increasing 1.0% […]

06/06/2023 Evening Reports

Annual Retail Sales Decreased in the Euro Zone… *Retail sales in the Euro Area remained unchanged in April compared to the previous month, but decreased by -2.6% compared to April of the previous year. *According to the survey conducted by the European Central Bank, the annual inflation expectation, which was 5 percent in March, resulted […]

05/06/2023 Evening Reports

April trade balance in Germany is above expectations… *US ISM Services PMI index decreased compared to the previous month, but still remained in the positive zone and was announced as 50.3. While EURUSD parity remained in the region of 1.0725 in the new week, Ounce Gold recovered to 1955 levels by recovering the decline of […]