US Trade Deficit Rises… Bank of England (BOE) Governor Bailey said in a statement today after growing concerns about the global banking sector that guaranteeing all bank deposits should not be the norm. . In his speech, European Central Bank (ECB) Member Muller stated that headline inflation continues to cause concern, that they should still […]
Support Level: 1.0700 – 1.0630 – 1.0520 Resistance Level: 1.0800 – 1.0930 – 1.1030 EUR/USD EUR/USD snaps two straight days of losses and climbs after hitting a daily low of 1.0744 amidst a subdued session. Despite high US Treasury bond yields, risk-appetite improvement and a softer USD opened the door for further Euro upside. At […]
Manufacturing and Service Confidence Increased in Turkey… The IFO Business World Index for March, which was announced today in Germany, improved from 91.1 to 93.3. In the evaluation made by the IFO economist, it was stated that the export expectations in the industrial sector decreased slightly, the proportion of enterprises that wanted to raise prices […]
Support Level: 1.0700 – 1.0630 – 1.0520 Resistance Level: 1.0800 – 1.0930 – 1.1030 EUR/USD As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not help the Euro, which, pressured by a banking crisis threatening to spread to the Eurozone, weakened the shared currency. At the time of […]
Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD Consumer sentiment in the Eurozone weakened modestly with the Consumer Confidence Indicator edging lower to -19.2 in March’s flash estimate from -19.1 in February. This reading came in weaker than the market expectation of -18.3. This data doesn’t seem to […]
The Bank of England (BOE) Raised The Interest Rate The Swiss National Bank (SNB) raised the interest rate by 50 basis points to 1.50%, as expected, at its meeting today. In the statement made, it was stated that the possibility of additional interest rate hikes was not ruled out, that they were ready to intervene […]
Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0930 – 1.1030 – 1.1100 EUR/USD The US Dollar is falling sharply on Wednesday following the Federal Reserve meeting. The EUR/USD climbed so far more than a hundred pips and printed monthly highs above 1.0900. It trimmed some gains and back to 1.0850 area to ended […]
The FED Is At 21.00(GMT+3) and It Might Be An Evening To Be Careful… In the UK, the Consumer Price Index (CPI) for February, which we follow today, exceeded the expectations and increased by 1.1% monthly and 10.4% annually. Core CPI also beat expectations, rising 1.2% and 6.2%, respectively. In the previous data, annual CPI […]
Support Level: 1.0700 – 1.0630 – 1.0550 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD extends its rally to four consecutive days, spurred by an improvement in market sentiment after a two-week turbulence in the financial markets. Woes linked to the banking system crisis eased after UBS took over Credit Suisse, and US banks […]
Yellen “The Measures Taken Reduced the Risk of Collapse of Other Banks” The Zew Economic Index for March, announced today in Germany and the Euro Zone, was below expectations. The data fell to -46.5 in Germany and 10.0 in the Eurozone. In the assessment, it was stated that international financial markets are under pressure, the […]