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

21/04/2023 Daily Reports

Support Level: 1.0900 – 1.0830 – 1.0780 Resistance Level: 1.1000 – 1.1070 – 1.1180 EUR/USD EUR/USD advances, trimming some of its Wednesday’s losses after data from the United States displays further economic deterioration, which reignited recession fears. Hence, investors seeking safety bought the Euro to the detriment of the US Dollar. The EUR/USD trades at […]

20/04/2023 Evening Reports

Decline in Philly Manufacturing Data in the USA Eases the Dollar Again… * While the Philly FED Manufacturing Index, which came in at 15.30 during the day, fell from -23.2 to -31.3, we see that the US Dollar weakened a little in the face of this weak data. Markets continue to see the probability of […]

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

20/04/2023 Daily Reports

Support Level: 1.0900 – 1.0830 – 1.0780 Resistance Level: 1.1000 – 1.1070 – 1.1180 EUR/USD EUR/USD creeps lower in the mid-North American session as the financial markets are in a risk-off mode, expecting the next round of data that could rock the boat and give a clear direction to the pair. Inflation data in the […]

19/04/2023 Evening Reports

Dollar Index In An Effort To Recuperate… *We saw double-digit data again in the UK inflation, which was announced in the morning hours. Headline inflation was 10.1% year-on-year, while core inflation was 6.2% year-on-year. Especially if we look at the core inflation side, price increases are still evident. UK headline annual inflation remains in double […]

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

19/04/2023 Daily Reports

Support Level: 1.0900 – 1.0830 – 1.0780 Resistance Level: 1.1000 – 1.1070 – 1.1180 EUR/USD EUR/USD snaps two days of consecutive losses and climbs, and seesaws around the 1.0950 figure, spurred by falling US Treasury bond yields and broad American Dollar weakness. Hence, the EUR/USD is trading at 1.0973 after hitting a low of 1.0920. […]

18/04/2023 Evening Reports

Statements of FED Members Continue One After Another… *FED Member Bullard, in a statement to Reuters today, stated that he sees the restrictive policy rate in the range of 5.5% – 5.75%. Bullard emphasized that there is no clear progress in inflation and that interest rates should be continued to increase. With the statements of […]

18/04/2023 Evening Reports

Statements of FED Members Continue One After Another… *FED Member Bullard, in a statement to Reuters today, stated that he sees the restrictive policy rate in the range of 5.5% – 5.75%. Bullard emphasized that there is no clear progress in inflation and that interest rates should be continued to increase. With the statements of […]

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

18/04/2023 Daily Reports

Support Level: 1.0900 – 1.0830 – 1.0780 Resistance Level: 1.1000 – 1.1070 – 1.1180 EUR/USD EUR/USD losses traction on technical reasons and on a stronger US Dollar, as speculations that the US Fed would hike rates in May, gains adepts. US Treasury bond yields rose; consequently, bonds dropped, a tailwind for the buck. At the […]

17/04/2023 Evening Reports

The Only US Data of the Day Provides Recovery in Dollar Index… * On the first trading day of the week, there was a calm in the global markets in terms of economic data. Market pricing was also generally calm in the European session. *The balance sheet period has started in foreign markets and this […]

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

17/04/2023 Daily Reports

Support Level: 1.0970 – 1.0880 – 1.0800 Resistance Level: 1.1070 – 1.1180 – 1.1300 EUR/USD The EUR/USD is losing ground on Friday as the US Dollar recovers a part of recent losses. The pair reached a fresh daily low at 1.0972 moving away from the one-year highs it hit on European hours at 1.1075. The […]