Support Level: 0.9900- 0.9850- 0.9750 Resistance Level: 1.0000 – 1.0050- 1.0100 EUR/USD The EUR/USD rose even further during the American session and climbed to 0.9977, reaching the highest level in a week. It remains near the top, up more than 150 pips for the day and 440 above last week’s low. On Tuesday, the August […]
US Dollar Index Continues to Fall… The decline in the US September ISM Manufacturing PMI index, which was announced on Monday, beyond the expectations and the continuing contraction in the manufacturing sector, triggered the pricing against the US Dollar. While the dollar index sees 110 levels today, US futures stock indices are buying. On the other […]
Support Level: 0.9730- 0.9630- 0.9535 Resistance Level: 0.9850 – 0.9920- 1.0000 EUR/USD The EUR/USD found support above 0.9750 and rose during the American session to 0.9844, hitting a fresh daily high. The pair ended Monday around 0.9820, still bearish in the daily chart. The DXY printed a new weekly low at 111.47 and it is […]
Inflation In Turkey Increased By 83.45% On An Annual Basis From September… According to the data announced by TURKSTAT, the change in CPI in September 2022 is 3.08% compared to the previous month, 52.40% compared to December of the previous year, 83.45% compared to the same month of the previous year and twelve-month averages. compared […]
Support Level: 0.9700- 0.9630- 0.9535 Resistance Level: 0.9850 – 0.9920- 1.0000 EUR/USD The EUR/USD retraces from daily highs of around 0.9853 due to Fed officials expressing the necessity of higher rates for longer. The pair ended Friday around 0.9800, still bearish in the daily chart. A bunch of Fed policymakers crossing news wires, led by […]
Euro Zone Inflation Rises To Double Digits… Exports in Turkey for the month of August, announced today, were 21.34 billion dollars, and imports were 32.53 billion dollars. With this data, the Trade Balance gave a deficit of 11.19 billion dollars. Exports for the January-August period were 165,608 billion dollars, and imports were 239.43 billion dollars. […]
Support Level: 0.9700- 0.9630- 0.9535 Resistance Level: 0.9830 – 0.9920- 1.0000 EUR/USD The EUR/USD is trading at the highest level since last Wednesday around the 0.9800 mark. It is up by more than 250 pips from Wednesday low as it continues to recovery on the back of a weaker US dollar. The dollar received a […]
The US Economy Shrinked in the 2nd Quarter… GDP in the second quarter we followed in the USA contracted by 0.6% as expected. The US economy shrank 1.6% in the first quarter. Unemployment Benefit Applications, another important data announced at the same time in the USA, increased less than the expectation of 215 thousand and […]
Support Level: 0.9600- 0.9535- 0.9450 Resistance Level: 0.9750 – 0.9840- 0.9910 EUR/USD The shared currency began trading nearby the day’s lows, just below the 0.9600 figure, and dived towards a fresh two-decade low at around 0.9535 before rallying sharply towards the daily high at 0.9751 before settling around 0.9730, bearish in the daily chart. The […]
ECB/Lagarde “We Will Keep Raising Rates“ President of the European Central Bank (ECB) Lagarde and ECB Members Rehn and Kazimir made assessments on the interest rate hike process in their speech today. Lagarde said they will continue to raise interest rates in the next few meetings, while Rehn said a serious rate hike should be […]