Important Data Announced in the Euro Zone, Germany and the USA… *Gross domestic product (GDP) in Germany was expected to grow by 0.3% in the first quarter, while a contraction of -0.1% was recorded. A growth of 0.2% was recorded compared to the same quarter of the previous year, and the growth expectation of 0.8% […]
Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD EUR/USD fades the initial upbeat mood and retreats to the boundaries of 1.1000 the figure on the back of the marked bounce in the Greenback on Thursday. The move lower in the pair came soon after advanced US GDP Growth […]
CBRT Didn’t Change Its Policy Rate Decision… *In the Euro Area, service sector confidence increased from 9.6 to 10.5, while industrial sector confidence decreased from -0.5 to -2.6. * It was announced that the US economy achieved 1.1% economic growth in the 1st quarter of 2023, resulting in a growth rate below the 2% growth […]
Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1100 – 1.1180 – 1.1250 EUR/USD The Euro has made new 2023 highs against the US Dollar during the US session, on Wednesday, after an upbeat Wall Street open put paid to lingering recession fears, reducing safe-haven demand for USD. Therefore, the EUR/USD pair is trading […]
US Trade Deficit Decreased, Durable Goods Orders Increased… *Durable Goods Orders in the US came in at 0.3% in March versus negative expectations of -0.2%. The data was announced as -0.3% last month. Core Durable Goods Orders came in at 3.2%, above the 0.7% expectation. The data was announced as -1.2% last month. * In […]
Support Level: 1.0960 – 1.0900 – 1.0830 Resistance Level: 1.1070 – 1.1180 – 1.1250 EUR/USD EUR/USD dropped below the 1.1000 figure as risk aversion took centre stage in Tuesday’s session. Successive reports that the economy in the US is decelerating, and reignited fears of March’s banking crisis, triggered a flight to safety. Therefore, the EUR/USD […]
ECB/Villeroy, “Inflation Will Probably Drop To 2% By The End Of 2024.” *Swiss Trade Balance posted a surplus of CHF 4.53 billion (Swiss francs) in March, surpassing the expectations of CHF 3.49 billion. *US President Joe Biden announced that he will run again in the 2024 elections. *Broadbent of the Bank of England (BOE), “if […]
Support Level: 1.1000 – 1.0900 – 1.0830 Resistance Level: 1.1070 – 1.1180 – 1.1250 EUR/USD EUR/USD manages to reverse the initial pessimism and advances to fresh peaks past the psychological 1.1000 the figure in an auspicious beginning of the week. EUR/USD clinches the third consecutive daily gain on the back of the continuation of the […]
Capacity Utilization Rate and Manufacturing Confidence Increased in April… *In the Ifo business confidence data released in Germany, the Business Climate Index rose to 93.6 with an increase of 0.4 compared to the previous month, even though it was below the expectation of 94 in April. Operating Expectations rose to 92.2 from 91, beating expectations […]
Support Level: 1.0900 – 1.0830 – 1.0780 Resistance Level: 1.1000 – 1.1070 – 1.1180 EUR/USD The EUR/USD prepares to finish the week on a higher note, though it remains below the 1.1000 figure, albeit economic data from the US bolstered the USD. However, late into the Wall Street close, the greenback lost strength, US equities […]