Eyes on FED’s Interest Rate Decision at 22:00 (GMT+3)… Turkey Manufacturing PMI (Purchasing Managers Index) for January 2023 exceeded the threshold value after a 10-month gap and rose to 50.1. According to the Istanbul Chamber of Industry (ISO) report, most of the sectors increased their production and orders in January. While the most positive developments […]
Support Level: 1.0800 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD is at a crossroads trading around 1.0865 and slightly up on the day by .015% having ranged between a low of 1.0802 and 1.0874 in what has been a two-way business day ahead of central bank meetings. The Federal […]
Euro Zone Economy Grows 1.9… TURKSTAT published Foreign Trade data for December. Foreign trade deficit increased by 42 percent compared to the same month of the previous year and rose to 9.7 billion dollars. Looking at the year 2022 in general, it increased by 137 percent and rose to 109.5 billion dollars. According to another […]
Support Level : 1.0830 – 1.0760 – 1.0710 Resistance Level : 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD has been sent onto the backfoot as US stocks slide to fresh session lows led by the tech-focused Nasdaq which is down by more than 1% on Monday. At the time of writing, EUR/USD is losing around […]
German Economy Shrinked… According to the January data of the Turkish Statistical Institute (TURKSTAT), the Economic Confidence Index increased by 1.3 percent to 99.3. Although the index remained below the 100 threshold, it reached its highest level in the last 1 year. If the Economic Confidence Index is greater than 100, it indicates optimism about […]
Support Level: 1.0830 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on Friday slipped to the 1.0860 region after data from US cemented the case for a 25 bps rate hike by the Fed. At the time […]
Inflation Expectations Decreased in the USA… Inflation Expectations Decreased in the USA… US Personal Consumption Expenses (PCE) were announced today at 16:30. On an annual basis, the core index came in at 4.4% as expected. The previous figure was 4.7%. Reduction in expenditures will be an important factor that will positively affect inflation. A data […]
Support Level: 1.0830 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The European currency now gives aways some gains after motivating EUR/USD to climb to fresh 2023 peaks near 1.0930 earlier in the session on Thursday. The pair ended the day around 1.0890, still bullish in the daily chart. Despite the […]
US Economy Growth by 2.6%… CBRT Chairman Şahap Kavcıoğlu made statements regarding the inflation report published today. In the statement made, he stated that the inflation rate in 2023 will be between 17.8 percent and 26.9 percent at the end of the year with a 70 percent probability, and between 4.0 percent and 13.7 percent […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The European currency now looks to extend the bounce off earlier lows in the 1.0860/55 band vs. the greenback and lifts EUR/USD back to the boundaries of 1.0900 the figure on Wednesday. EUR/USD so far advances for the sixth session […]