12/09/2023 Evening Reports

Oil Production of OPEC Countries Increased… *The Unemployment Rate for July, announced today in the UK, increased from 4.2% to 4.3%. Employment change decreased by 207 thousand people. The previous month’s employment change was at -66,000. Following the data, Bank of England (BOE) member Breeden said in his speech that he saw that the risks to growth and […]

11/09/2023 Evening Reports

Market Updates: GBPUSD Rebounds, Nasdaq Approaches Resistance, Dow Jones Eyes Key Level *The serial decline in sterlin last week caused the GBPUSD parity to fall to its 200-day average. As of the new week, there is an upward reaction in the parity due to the slight depreciation of the dollar index. We follow these reactions first with […]

08/09/2023 Evening Reports

German CPI Meets Expectations, Canadian Employment Surges in August… *The GDP for the second quarter announced today in the Euro Zone was below expectations, showing quarterly growth of 0.1% and annual growth of 0.5%. The economy was expected to grow 0.3% and 0.6% respectively. *The weekly unemployment benefit applications announced in the USA during the day […]

07/09/2023 Evening Reports

Euro Zone GDP Falls Below Expectations, US Unemployment Hits Record Low… *The GDP for the second quarter announced today in the Euro Zone was below expectations, showing quarterly growth of 0.1% and annual growth of 0.5%. The economy was expected to grow 0.3% and 0.6% respectively. *The weekly unemployment benefit applications announced in the USA during […]

06/09/2023 Evening Reports

Inflation and Interest Rate Insights… *In his speech today, European Central Bank (ECB) member Kazimir said that a possible rate hike is still needed, that a 25 basis point increase in interest rates may be preferred next week, alternatively in October or December, and inflation is stubbornly high. *Boston Fed Chairman Collins said in a […]

05/09/2023 Evening Reports

Decision of Saudi Arabia and Russia Raised Oil Prices… *Services PMI for August in Germany and the Euro Area, announced today, contracted. The Services PMI fell to 47.3 in Germany and 47.9 in the Eurozone. The previous data came at 52.3 and 50.9, respectively. On the UK side, the Services PMI shrank from 51.5 to 49.5. *FED FOMC […]

04/09/2023 Evening Reports

ECB Member Suggests Possible Rate Hike, Yen Tests 146.50 Resistance… *In his speech, Wunsch, Member of the European Central Bank (ECB), stated that the ECB may raise interest rates further before interrupting the rate hike process, price pressures have eased and inflation has not reached the ECB’s 2% target before 2025. *The Yen side had […]

01/09/2023 Evening Reports

Contraction Slowed on Manufacturing Side While US Employment Market Maintained Trend… *European Central Bank (ECB) member Villeroy stated they are near the peak in interest rates but not considering a rate cut. ECB’s Vujcic emphasized uncertainty, stating they can’t predict the terminal interest rate until later in the year. He noted a slowing economy and […]

31/08/2023 Evening Reports

Domestic Growth, PCE Core Price Index in the USA were extremely important data.. *In the Euro Area, CPI for August, announced today, increased by 0.6% month on month and 5.3% year on year. The previous data came at the level of -0.1% and 5.3%, respectively. In the minutes of the meeting of the European Central […]

29/08/2023 Evening Reports

Interest Rates, Inflation, and Currency Movements Dominate Headlines… *JOLT’s Job Opportunities data, announced at 17:00 in the USA, was announced as 8,827M against 9,465M expectations and came in at the lowest level since March 2021. According to this data, the labor market in the USA continues to loosen, which is one of the factors that reduces […]