Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0870 – 1.0930 – 1.1030 EUR/USD EUR/USD clings to daily gains around the 1.0850 region against the backdrop of a firm note in the greenback on Wednesday. The pair trades within the familiar range, up slightly in the mid-1.0800s against the backdrop of the moderate bounce […]
ECB/Kazimir “We Should Continue to Increase Rates at a Slow Speed” In his speech today, European Central Bank (ECB) Member Kazimir said that they are ready to take steps to protect the financial stability and prices in the Euro Area, that he thinks that inflation will remain very high for a long time, that core […]
Support Level: 1.0800 – 1.0700 – 1.0630 Resistance Level: 1.0850 – 1.0930 – 1.1030 EUR/USD EUR/USD climbed to a five-day high at 1.0846 as euro zone government bond yields rose on Tuesday and after a deal backed by the US regulator for First Citizens Bancshares to buy up Silicon Valley Bank helped alleviate concerns in […]
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 […]