Headline Inflation High in Euro Zone, But Slightly Below Expectations… *Even though the inflation in the Euro Area increased from 9.9% to 10.6% on an annual basis in October, it remained below the data market expectation of 10.7%. On a monthly basis, consumer inflation increased by 1.5%. *Eurozone Core inflation increased in line with expectations.-Core […]

UK Inflation Hits 41-Year High in October… In the UK, consumer inflation increased by 11.1% on an annual basis in October, above the expectations of 10.7%. On a monthly basis, inflation increased by 2.0%. Core inflation and producer inflation also exceeded expectations in the country. -Core Consumer Price Index (CPI) (Annual) Announced:6.5% Expected:6.4% Previous:6.5%          -Core CPI (Monthly) (Monthly) […]

A Brutal Day For The Dollar… Today is once again a brutal day for the US Dollar, which is down over 1% against currencies such as the Euro, Sterling, Aussie (Australian Dollar) and Kiwi (New Zealand Dollar). The post-CPI rally continues in global stock markets, and this situation puts pressure on the Dollar. US 10-year […]

The First Day of the Week Watched Calmly… Global markets started the new week calmly and close to last week’s closing levels, but there is a slight recovery trend on the US Dollar side as of midday. EURUSD parity declined slightly from 1.0365 resistance. Ounce Gold declined slightly from 1722 resistance and the US 10-year […]

ECB/De Guindos “Market Overreacts to US Inflation Rates”… Industrial Production in Turkey for September, announced today, decreased by 1.6% monthly and increased by 0.4% on an annual basis. Retail Sales, another important data announced at the same time, grew by 1.8% monthly and 9.7% annually. Apart from these data, the Current Account Balance, which we […]

US Dollar Under Heavy Selling Pressure After Surprise US Inflation Data… Unemployment Rate in Turkey in September, which we are watching today, rose from 9.6% to 10.1%. The number of unemployed increased from 3.312 million to 3.482 million. The Labor Force Participation Rate decreased from 53.0% to 52.9% and the Employment Rate decreased from 47.9% […]

Republicans Lead the House of Representatives in the US Midterm Elections… According to the results of the survey announced by the European Central Bank (ECB), consumer inflation expectations for the next 12 months increased from 5.0% to 5.1%, economic growth expectations decreased from -1.7% to -2.4% and Unemployment Rate expectation % It went from 11.9 […]

Congressional Elections to be Held Today in the USA… European Central Bank (ECB) Member De Guindos said in his statement on the interest rate increase process that they will continue to raise interest rates to a level that will allow inflation to return to the definition of price stability, this level will depend on future […]

European Central Bank Member Villeroy “Interest Rate Increases Should Continue” Industrial Production in Germany for September, which was announced today, increased by 0.6%, above the expectation of 0.2%. Industrial Production increased by 2.6% on an annual basis. Apart from this data, Construction PMI announced for October increased to 43.8 from 41.8. However, since the data […]

After FED, England Raised Interest Rate… While the headline employment change in the US Non-Farm Employment Report, which was announced at 15:30(GMT+3), was above the expectations, slight slackening was observed in the sub-headings of the data. -USA – Non-Farm Employment Change: 261,000 (Expected: 200,000 ; Previous: 315,000) -USA – Average Hourly Earnings (monthly): 0.4% (Exp: […]