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 […]

Building Permits and Bank Capital Rules… *Building Permits for May, which we followed in Canada, increased by 10.5%, exceeding the 9.6% expectation. Building Permits decreased by 21% in April. *Fed Supervisory Vice Chairman Barr said he plans to propose many changes to bank capital rules in the coming months, adding that the current capital framework […]

US Employment Market Remained Strong… *The most important data of the day was undoubtedly the Non-Farm Payrolls report from the United States. US Non-Farm Payrolls Change: 209,000 (Expectation: 225,000; Previous: 339,000) US Unemployment Rate: 3.6% (Expectation: 3.6%; Previous: 3.7%) US Average Hourly Earnings (monthly): 0.4% (Expectation: 0.3%; Previous: 0.3%) US Non-Farm Payrolls came in below […]

ADP Non-Farm Employment Change Exceeded Expectations in the USA… *In the US, the ADP Nonfarm Employment Change for June significantly exceeded expectations, coming in at 497,000 compared to the anticipated 228,000. Following the release of this data, there were rapid increases in US 10-year and 2-year yields. US 10-year yields reached levels of 4.05%, while […]

We Will Follow FED’s Meeting Minutes at 21:00… *In the PMI data we tracked for the month of June, Germany’s services PMI declined from 57.2 to 54.1, the Eurozone services PMI dropped from 55.1 to 52.0, and the UK services PMI decreased from 55.2 to 53.7. *In the Eurozone, the producer price index for May […]