We Will Follow FOMC Member Waller’s Speech… *US API Crude Oil Stocks, which we tracked in the USA at night, decreased by 2,184 million barrels. Stocks were expected to increase by 2,150 million barrels. Crude Oil continued to rise with the effect of decreasing stocks. Today at 18:30 (GMT +3), the official Crude Oil Stocks […]
Support Level: 1.0670 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD surged to high 1.0770 area post Fed Powell’s speech, but failed to hold that gains and back to 1.0730 area to ended Tuesday, still bearish in the daily chart. The steep sell-off in EUR/USD post-US NFP remains unabated […]
FED/Kashkari: “We Are Determined To Lower Inflation” *European Central Bank (ECB) member Villeroy said in a statement that inflation is not far from the peak level and that he does not think it is necessary to choose between fighting inflation and avoiding a recession. * In his speech today, FOMC Member Kashkari said that the […]
Support Level: 1.0700 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD extended its fall to new four-week lows at around 1.0720s due to broad US Dollar strength after last Friday’s data reaffirmed the need for higher interest rates in the United States. Hence, money market futures began to price […]
US Treasury Secretary Yellen: “Inflation Remains High” *In the Euro Zone, the Construction PMI for January, announced today, rose from 42.6 to 46.1, and in Germany from 41.7 to 43.3. In England, there was a decrease from 48.8 to 48.4. Apart from these data, December Retail Sales, another important data we follow in the Euro […]
Support Level: 1.0770 – 1.0700 – 1.0580 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the mid-1.0800s in the wake of another stellar print from the US jobs report on Friday. It ended the week just below 1.0800, bearish in […]
US Employment Data Draws Attention As Weekly Closing Approaches… Turkish Statistical Institute (TURKSTAT) announced inflation data for January. According to TURKSTAT data, consumer prices increased by 6.65% and producer prices increased by 4.15% in January. On a monthly basis, CPI reached its highest level in the last 9 months. Compared to January of the previous […]
Support Level : 1.0870 – 1.0800 – 1.0700 Resistance Level : 1.1000 – 1.1100 – 1.1180 EUR/USD The buying bias in the European currency run out of further steam and forced EUR/USD to return to the negative ground after climbing as high as the 1.1030 zone earlier in the session, accelerates its daily losses and […]
BOE and ECB Raised Interest Rates After FED… German exports amounted to 127.4 billion Euros in December, down 6.3 percent compared to the previous month. Imports, on the other hand, decreased by 6.1 percent in December compared to the previous month and became 117.4 billion Euros. The foreign trade balance gave a surplus of 10 […]
Support Level: 1.0925 – 1.0870 – 1.0800 Resistance Level: 1.1000 – 1.1100 – 1.1180 EUR/USD EUR/USD is taking in the upper quarter of the 1.09 area with printing a high of 1.0985 made so far. The Euro rallied from a low of 1.0852 on the day, completing its daily ATR and bulls keep moving in […]