Consumer Confidence In The German Economy Slightly Increased In 2023… Since US markets were closed today, data traffic was very low and market volatility remains low. While EURUSD parity continues to stay above 1.0655 that it tested last Friday, Ounce Gold is at 1846 levels. The US 10-year Treasury yield is at 3.81%. Construction Production […]
Support Level: 1.0610 – 1.0470 – 1.0350 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD drops to multi-week lows in the 1.0610 region at the end of the week, it then trimmed all the losses and ended the day near 1.0700, still bearish in the daily chart. The pair saw its losses accelerate in […]
ECB’s Statements Are Falcon, But The Dollar Market Is Tightening Again… According to the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey, the year-end inflation expectation rose to 35.76% in February. The expectation in January was 32.46%. According to the data of the Turkish Statistical Institute (TUIK), house sales in January increased […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD extends the multi-session consolidative phase around the 1.0700 neighbourhood so far on Thursday. EUR/USD now extends the selling pressure seen in the previous session in response to another bullish attempt in the greenback. Indeed, the pair revisited the area […]
Strong PPI Data in the USA Reinforced the FED’s Rate Increase Signals… Producer Price Index (PPI) data in the USA came in above expectations. PPI increased by 0.7% in January, above the expectations of 0.4%. Compared to the same period of the previous year, it increased by 6.0%, above the 5.4% expectation. Core PPI, on […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The now strong rebound in the greenback puts the risk universe under further pressure and forces EUR/USD to drops to 2-day lows near 1.0660 on Wednesday and shouting distance from the monthly lows on Wednesday. Indeed, the selling pressure keeps […]
US Retail Sales Data Released Positive Than Expected… According to the statement made by the Ministry of Treasury and Finance, in January 2023, central government budget expenditures were announced as 321.3 billion TL, budget revenues as 289.1 billion TL and budget deficit as 32.2 billion TL. The primary deficit was realized as 10.9 billion TL. […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD picks up extra pace and trespasses the key barrier at 1.0800 the figure on Tuesday, or multi-session highs. However, it failed to hold that gains and back to 1.0735 area to ended Tuesday, still bearish in the daily chart. […]
Inflation in the USA Continues Its Monthly Rising… Gross Domestic Product (GDP) growth data in the Euro Area were announced as expected. In the 4th quarter of 2022, 0.1% growth was recorded. On an annual basis, there was a growth of 1.9% in the 4th quarter. Although the growth in the Euro Zone has decreased […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD has been testing a critical high in the midday session on Wall Street following what had been a positive start for the day for the US Dollar. At the time of writing, EUR/USD is trading up high for the […]