Support Level: 1.0300 – 1.0200 – 1.0100 Resistance Level: 1.0500 – 1.0600- 1.0700 EUR/USD At the time of writing, EUR/USD is down some 0.29% falling to a low of 1.0354 from a higher of 1.0496. Risk currencies, such as the Euro are under pressure as protests against COVID restrictions in China weighed on market sentiment. […]
Lagarde, President of the European Central Bank, gave a speech… In his speech today, European Central Bank (ECB) Member Knot said that the Eurozone economic growth may turn negative this quarter, that he does not expect a recession in the economy due to the positive economic data in Germany, that weaker economic growth is certain […]
Support Level: 1.0300 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD EUR/USD remained close to the 1.0400 area. For the week, the Euro was higher by 0.5% against the US Dollar that remains near multi-month lows on the prospects of the Federal Reserve moderating the pace of its policy tightening. S&P500 futures […]
Closing Thanksgiving Week… Due to the US Thanksgiving day, the market in the whole world passed in the form of “holiday mode” in general. It’s been a stagnant week on the news feed and data side. However, let’s take a brief look at the pricing. Oil side continued the decline it experienced last week, albeit […]
Support Level: 1.0300 – 1.0200 – 1.0100 Resistance Level: 1.0480 – 1.0600- 1.0700 EUR/USD EUR/USD was last up 0.1% at 1.0405, and has stuck to a range of between 1.0381 and 1.0448 while US markets are closed on Thursday for Thanksgiving and liquidity will likely be thinner than usual until Asia and Frankfurt crossover on […]
CBRT Ends Interest Rate Cycle… Today is Thanksgiving in the USA. Equity markets are closed and futures products also have early closings. Pricing in the market was generally calm due to the “holiday mode”. After the FED minutes released yesterday remained less hawkish, there is a decline in US bond yields. The US 10-year Treasury […]
Support Level: 1.0300 – 1.0200 – 1.0100 Resistance Level: 1.0400 – 1.0480- 1.0600 EUR/USD The EUR jumped against the US Dollar USD following the release of the Federal Reserve (Fed) monetary policy minutes showed that policymakers agreed to slow the pace of rate hikes at the Federal Reserve’s (Fed) November meeting. At the time of […]
We Will Follow the Minutes of the Fed Meeting Before Thanksgiving Day in the USA… The minutes of the FED’s November meeting will be released at 10:00 pm(GMT+3) this evening before Thanksgiving in the USA tomorrow. In the minutes, we will follow a possible discussion that interest rate expectations will rise in the dot plot […]
Support Level: 1.0200 – 1.0100 – 1.0000 Resistance Level: 1.0310 – 1.0400- 1.0480 EUR/USD At 1.0295, EUR/USD is 0.53% higher in late trade in North American trade as the US Dollar retreated across the board on Tuesday while investors look past worries about China’s COVID flare-ups, boosting demand for more risky currencies. The greenback edged […]
The News that Oil Production Will Increase Has Been Denounced By Qatar Today… Global markets remain calm during the US Thanksgiving week. The price movements are narrow and there is a generally flat market. The Dollar Index is 107, the EURUSD parity is at 1.0260 and the Ounce Gold side is priced in the 1750 […]