Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD is trading flat for the day, hovering near 1.0600. During the American session, the pair fell to 1.0574, reaching the lowest level since December 13, but still bullish in the daily chart. While German yields moved off highs during […]
“ECB Will Increase Interest Rates Further” The IFO Business World Index for December, announced today in Germany, rose from 86.3 to 88.6. In the statement made, it was stated that the probability of recession decreased after today’s data, business confidence improved in almost all sectors and 57% of the business world complained about the bottleneck […]
Support Level: 1.0580 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD remains subdued on Friday, following monetary policy meetings by the Fed and the ECB, with both entities raising rates amidst a period of high and stickier inflation. The pair ended Friday at around 1.0590, still bullish in the daily […]
Şahin Post-ECB Members Also Give Their Messages… On the last trading day of the week, an image is drawn in favor of the mild Dollar Index, and it is a day full of statements and economic data by the ECB. Final inflation in the Eurozone for November was announced as 10.1% annually. Core annual inflation […]
Support Level: 1.0590 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD jumped to 1.0735, a fresh six-month high, during ECB Lagarde’s presser. It erases gains after Lagarde’s comments and turned its direction to downside and ended Thursday at around 1.0635, still bulish in the daily chart. The European Central Bank […]
ECB President Lagarde’s Hawk Tone Marks The Day… As expected, the Swiss National Bank (SNB) increased the policy rate by 50 basis points from 0.50% to 1.00%. Thus, the Bank increased interest rates for the third time in a row, achieving a total increase of 175 basis points this year. In the statement, it was […]
Support Level: 1.0600 – 1.0540 – 1.0500 Resistance Level: 1.0700 – 1.0780- 1.0940 EUR/USD The EUR/USD dropped toward 1.0620s after the Fed raised rates by 50 bps. However, it recovered all the losses after Fed Chair Powell’s speech and ended Wednesday at around 1.0680, still bullish in the daily chart. The FOMC decided to hike […]
We are waiting for the last FED meeting of the year… Inflation figures announced on Tuesday fed the moves against the US dollar before the Fed meeting. The US consumer price index rose 0.1% in November, slower than economists expected, and the headline CPI rose 7.1% in the 12 months to November – the slowest […]
Support Level: 1.0600 – 1.0540 – 1.0500 Resistance Level: 1.0670 – 1.0780- 1.0940 EUR/USD EUR/USD has rallied heavily as the US Consumer Price Index has come in below expectations, leaving the door wide open for a pivot from the Federal Reserve that meets this week to decide on its monetary policy path. At the time […]
“Soft Landing” Expectations Increased After US Inflation… “Soft Landing” Expectations Increased After US Inflation… Before the FED meeting decisions to be announced tomorrow, we followed the November inflation data from the USA at 16.30 (GMT+3) today. The data came as follows. USA – Consumer Price Index (November) (monthly): 0.1% (Exp: 0.3% ; Previous: 0.4%) USA […]