Support Level : 1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0760 – 1.0800 – 1.0850 EUR/USD EUR/USD is extending the bullish rally on Tuesday and has been trying to print a fresh high for this week’s initial balance, taking the US Dollar down to 1.0759 vs. the Single Currency on the bull’s quest for […]
Fed Chairman Powell “High Inflation May Require Unpopular Measures” Unemployment Rate in Turkey for November, announced today, remained unchanged at 10.2%. While the Number of Unemployed was 3,576 million people in November, the Labor Force Participation Rate was 54.1%. Apart from these data, Industrial Production, which is another important data we follow, decreased by 1.1% […]
Support Level: 1.0700 – 1.0630 – 1.0550 Resistance Level: 1.0760 – 1.0800 – 1.0850 EUR/USD EUR/USD leaves behind the 1.0700 barrier and hit a fresh multi-week high to 1.0750 region on the back of the persevering sell-off in the greenback, which comes with investors’ re-assessment of the potential next steps by the Federal Reserve when […]
Dollar Index Loses Value With FED Expectations… Industrial Production in Germany for November, which was announced today, increased by 0.2%, exceeding the expectations. The data was expected to increase by 0.1%. Industrial Production decreased by 0.4% on an annual basis. Apart from this data, the Unemployment Rate in November, which we tracked in the Euro […]
Support Level: 1.0600 – 1.0540 – 1.0483 Resistance Level: 1.0680 – 1.0715 – 1.0800 EUR/USD The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across the board following the ISM Service PMI report. The pair rose 1.25% from the daily low and is having the best day in a […]
US Employment Market Closed 2022 Strongly! In the December period of the US Non-Farm Report, the employment market continued to gain strength, with earnings slowing on a monthly and annual basis. The Dollar Index’s FIRST reaction was slightly negative, despite the strong job market, as earnings slowed. However, a reversal was observed in the initial […]
Support Level: 1.0520 – 1.0470 – 1.0400 Resistance Level: 1.0580 – 1.0630 – 1.0680 EUR/USD The selling pressure in the Greenback now picks up further pace and drags EUR/USD back to the mid-1.0500s on Thursday, or daily lows. Further downside could retest 1.0520, EUR/USD quickly returned to the negative territory in response to the abrupt […]
Good US Employment Data, All Eyes Will Be on Official Non-Farm Data Tomorrow… The job market in the US remains strong. ADP Non-Farm Employment, which came in today at 16.15, was announced quite high compared to both expectations and the previous month. US ADP Non-Farm Employment Change: 235,000 (Exp. 150,000 ; Previous: 127,000) ADP chief […]
Support Level: 1.0520 – 1.0475 – 1.0445 Resistance Level: 1.0640 – 1.0680- 1.0710 EUR/USD The Euro (EUR) retraces against the US Dollar (USD) after hitting daily highs of 1.0635 and is dropping after the release of mixed US economic data, slightly boosted the US Dollar and shifting sentiment sour. At the time of writing, the […]
We Will Follow FED Minutes In The Evening… The US Dollar Index started to give back its gains one day after making a very positive start to the new year. Before the minutes of the FOMC meeting at 22:00 (GMT+3), we see that the movements on the Dollar side are getting a little better. The […]