Support Level: 1.0270 – 1.0200 – 1.0100 Resistance Level: 1.0370 – 1.0500- 1.0600 EUR/USD The EURUSD pair erased intraday losses after climbing back to the 1.0350 zone. Earlier the pair bottomed at 1.0270 but then the Greenback lost momentum across the board, triggering the rebound. The Dollar pulled back during the American session even as […]
The First Day of the Week Watched Calmly… Global markets started the new week calmly and close to last week’s closing levels, but there is a slight recovery trend on the US Dollar side as of midday. EURUSD parity declined slightly from 1.0365 resistance. Ounce Gold declined slightly from 1722 resistance and the US 10-year […]
Support Level: 1.0200 – 1.0100 – 0.9930 Resistance Level: 1.0370 – 1.0500- 1.0600 EUR/USD The Euro finished the week on a higher note, following the release of a soft inflation report in the United States, as informed by the Department of Labor October’s CPI report. Therefore, the Euro continued its advance, as the EURUSD gained […]
ECB/De Guindos “Market Overreacts to US Inflation Rates”… Industrial Production in Turkey for September, announced today, decreased by 1.6% monthly and increased by 0.4% on an annual basis. Retail Sales, another important data announced at the same time, grew by 1.8% monthly and 9.7% annually. Apart from these data, the Current Account Balance, which we […]
Support Level: 1.0100 – 1.0000 – 0.9930 Resistance Level: 1.0200 – 1.0300- 1.0380 EUR/USD The Euro has skyrocketed from session n lows at 0.9930 area to reach two-month highs at 1.0189 as the release of US inflation figures have sent the Greenback tumbling across the board. The pair ended the day at the top, bullish […]
US Dollar Under Heavy Selling Pressure After Surprise US Inflation Data… Unemployment Rate in Turkey in September, which we are watching today, rose from 9.6% to 10.1%. The number of unemployed increased from 3.312 million to 3.482 million. The Labor Force Participation Rate decreased from 53.0% to 52.9% and the Employment Rate decreased from 47.9% […]
Support Level: 0.9970 – 0.9900 – 0.9800 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD EURUSD has dropped on the day by over 0.4% in a volatile session in New York that has seen good two-way business in the forex market. The US dollar advanced on Wednesday, as results so far for the midterm elections showed […]
Republicans Lead the House of Representatives in the US Midterm Elections… According to the results of the survey announced by the European Central Bank (ECB), consumer inflation expectations for the next 12 months increased from 5.0% to 5.1%, economic growth expectations decreased from -1.7% to -2.4% and Unemployment Rate expectation % It went from 11.9 […]
Support Level: 0.9970 – 0.9900 – 0.9800 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD EURUSD rallied in a broad risk-on setting, taking out the Monday highs for a fresh high for the week, eating into shorts from the prior. At the time of writing, the pair is ducking below 1.0096 highs into 1.0078 but remains […]
Congressional Elections to be Held Today in the USA… European Central Bank (ECB) Member De Guindos said in his statement on the interest rate increase process that they will continue to raise interest rates to a level that will allow inflation to return to the definition of price stability, this level will depend on future […]