ECB Member Makhlouf “Required Rate Increases” Today, the Capacity Utilization Rate in Turkey was announced as 75.3% with a 1.2% decrease. Manufacturing Confidence rose from 97.8 to 101.7. In its statement, the CBRT stated that in the evaluations for the last three months, the trend in favor of those who reported an increase in their […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD appears to have met some decent resistance in the proximity of the 1.0900 hurdle so far on Tuesday. It ended the day at around 1.0880, still bullish in the daily chart. Indeed, market participants appear prudent ahead of the […]
We Followed PMI Data in Global Markets… The Consumer Confidence Index for February, published by GFK in Germany, was announced as -33.9. Last month, it was announced as -37.6. Although Consumer Confidence continues its negative course, it continues on the path of recovery for 4 consecutive months. Manufacturing PMI for January, another important data we […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0890 – 1.0950 – 1.1000 EUR/USD EUR/USD extends further the auspicious start of the new year and advances past the 1.0900 barrier for the first time since April 2022. It retreated from the top and ended Monday around 1.0860, still bullish in the daily chart. In […]
ECB Members “At least 2 50-Point Interest Rate Increases Eligible” The Consumer Confidence Index for January, which we follow in Turkey today, rose from 75.6 to 79.1%. Apart from this data, the Financial Situation Index of the Household increased from 57.4 to 61.6 and the General Economic Situation Expectation Index rose from 77.3 to 82.7. […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0890 – 1.0950 – 1.1000 EUR/USD EUR/USD advances for the third consecutive session and revisits the 1.0860 area amidst alternating risk appetite trends and humble gains in the greenback. The pair ended the week around 1.0855, still bullish in the daily chart. Indeed, the appetite for […]
BOJ Statements Are On The Agenda As FED Members Enter Blackout… As we close the week, our eyes were on the US 10-year bond yield, Ounce Gold and Dollar Index. The US 10-year bond yield, which declined to 3.32% during the week, has been reacting since yesterday and has reached 3.5% again today. The US […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0890 – 1.0950 – 1.1000 EUR/USD Bulls remain in control of the sentiment around the single currency, with EUR/USD charting decent gains above the 1.0830 mark as the NY session draws to a close on Thursday. Indeed, the selling interest around the greenback allows the continuation […]
ECB Minutes and Lagarde Falcon Tone Keeps Defending… ECB President Lagarde made statements as if to reaffirm his determination that the European Central Bank will continue its tightening policy. In today’s speech, Lagarde was asked why he was unable to persuade the market about the tightening policy, “asking market participants to reconsider their positions.” He […]
Support Level : 1.0760 – 1.0710 – 1.0630 Resistance Level : 1.0890 – 1.0950 – 1.1000 EUR/USD EUR/USD reversed its course after hitting a nine-month high around 1.0887 on Wednesday after US economic data could further cement the case for US Fed officials to slow down the pace of tightening. Additionally, the US Dollar found […]