US Data Continued Weakening Dollar Index… The key data from the US during the day included the Producer Price Index and Retail Sales. USA – PPI (monthly): -0.5% (Previous: 0.2%) USA – PPI (annual): 6.2% (Previous: 7.3%) USA – Core PPI (monthly): 0.1% (Previous: 0.2%) USA – Core PPI (annual): 5.5% (Previous: 6.2%) When we […]
Support Level: 1.0770 – 1.0710 – 1.0630 Resistance Level: 1.0870 – 1.0950 – 1.1000 EUR/USD The euro is under pressure on Tuesday, under control by bears and falling from a high of 1.0869 to a fresh low of 1.0773. It ended the day around 1.0790 and still bullish in the daily chart. ECB policymakers are […]
Our Attention Will Be On The Bank Of Japan Towards Morning! Although the economic data for the 4th quarter from China in the Asian session last night was above the expectations, it clearly showed the slowdown trend. This slowdown of China, which repeated the Covid closures in the last quarter of 2022, is extremely normal. […]
Support Level: 1.0770 – 1.0710 – 1.0630 Resistance Level: 1.0880 – 1.0950 – 1.1000 EUR/USD EUR/USD gives away some gains and returns to the negative territory following an earlier climb to new highs around 1.0880. It ended Monday at around 1.0815, still bullish in the daily chart. Market participants were still cheering, easing United States […]
Davos and the Bank of Japan Could Be Important This Week… The markets will be closed on the first trading day of the new week, as it is Martin Luther King Day in the USA. Early closing is expected for many futures instruments. The Bank of Japan meeting will take place this Wednesday morning. BOJ […]
Support Level: 1.0780 – 1.0730 – 1.0685 Resistance Level: 1.0865 – 1.0900 – 1.1000 EUR/USD The EUR/USD trimmed daily losses during Friday’s American session, rising back above 1.0800. The euro was holding onto significant weekly gains, headed toward the biggest close since May 2022. US Dollar recovers but remains under pressure. The US Dollar rebounded […]
ECB/Kazaks “Interest Rates Should Continue to Increase“ Industrial Production, which we tracked for November in the Euro Zone, exceeded the expectations and increased by 1.0% monthly and 2.0% annually. Data was expected to increase by 0.5% on a monthly and yearly basis. Germany’s GDP, on the other hand, grew by 1.9%, exceeding the expectations of […]
Support Level: 1.0825 – 1.0775 – 1.0715 Resistance Level: 1.0865 – 1.0900 – 1.1000 EUR/USD EUR/USD resumed its advance and reached fresh multi-month highs, as market players made up their minds and increased bet for high-yielding assets. US Dollar under strong selling pressure as investors price in two Fed 25 bps hikes before pausing. EUR/USD […]
Dollar Index Loses Value as Inflation Declines in the USA… Retail Sales in Turkey, which we tracked in November, increased by 1.5% month on month and 12.1% year on year. Data rose 1.4% and 9.5%, respectively, in October According to the Expectations Survey announced by the European Central Bank, the increase in inflation for the […]
Support Level :1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0776 – 1.0800 – 1.0850 EUR/USD The Euro (EUR) resumed its uptrend vs. the US Dollar (USD) and rose to an eight-month new high around 1.0776, ahead of the release of the Consumer Price Index (CPI) in the United States (US), which is foreseen to […]