Manufacturing Sector Shrinked in Europe and USA… *Manufacturing and Services PMI data announced in Europe today showed a contraction. Manufacturing PMI fell from 40.6 to 38.8 in Germany, from 43.4 to 42.7 in the Eurozone and from 46.5 to 45.0 in the UK. The Services PMI, on the other hand, fell from 54.1 to 52.0, from 52.0 […]

Close to Ending the Week, Dollar Index Rebounds… *As a result of the recovery of the dollar index and its rise above the 100 level, the risk appetite that has been going on for a while in the global markets decreased. Stock markets are taking a break from the general rally trend, albeit slightly. EURUSD […]

Despite the Crisis, Trade Fluctuates: Russia Cancels Grain Agreement… *In addition to Russia’s cancellation of the grain corridor agreement at the beginning of the week, it was announced that they would define “weapon-carrying element” to ships going to Ukraine yesterday. Here, the crisis got a little tougher. Chicago wheat futures were very volatile throughout the day. While the […]

British and European Inflation Marked the Day! *We started the morning with inflation data from England. Headline CPI was 7.9% and Core CPI was 6.9%, falling behind the previous month. After the declining inflation data, we saw a pullback of about 100 pips on the Sterling side. This data is a positive development for the UK economy and […]

We Monitor the General Situation of Retail Sales and Dollar Index in the USA…  *Retail sales in the USA for June were the data expected by the markets during the day. Core retail sales were announced as 0.2% on a monthly basis and headline sales at 0.2% on a monthly basis. *EURUSD continues to price in […]

How did We Start the New Week? *The US dollar index experienced a sharp decline last week following US inflation data. It started the new week in a narrow range but with a slight positive bias from the bottom. As a result, the EUR/USD exchange rate is at 1.1215, Gold is at $1947 per ounce, […]

Inflation Expectations Rising in the USA… The Michigan Consumer Confidence Index, which we have been monitoring for the month of July in the United States, has increased from 64.4 to 72.6. The data was expected to come in at the level of 65.5. Meanwhile, the 12-month inflation expectation in Michigan has risen from 3.3% to […]

The Rate of Increase in Producer Prices in the USA Decreased… In the UK, the quarterly GDP growth rate for the month of May, which we are currently monitoring, remained unchanged at 0.0%, while on an annual basis, it showed a decrease of 0.6%. In the previous period, the GDP growth rates were 0.1% and […]

Inflation Rate Decreased in the USA… The Consumer Price Index (CPI) for the month of June, which we have been monitoring in the USA, rose by 0.2% monthly, falling below expectations, while the annual inflation rate declined from 4.0% to 3.0%. CPI was expected to increase by 0.3% and 3.1%, respectively. Core CPI also fell […]

ECB/Villeroy “We Are Nearing the Peak Interest Rates“ *The Unemployment Rate for May in the UK, announced today, rose from 3.8% to 4.0%. The number of unemployed increased by 25,700 and the number of employment increased by 120,000. After the data, the probability of increasing the interest rate by 50 basis points at the meeting […]