Davos and the Bank of Japan Could Be Important This Week… The markets will be closed on the first trading day of the new week, as it is Martin Luther King Day in the USA. Early closing is expected for many futures instruments. The Bank of Japan meeting will take place this Wednesday morning. BOJ […]
Support Level: 1.0780 – 1.0730 – 1.0685 Resistance Level: 1.0865 – 1.0900 – 1.1000 EUR/USD The EUR/USD trimmed daily losses during Friday’s American session, rising back above 1.0800. The euro was holding onto significant weekly gains, headed toward the biggest close since May 2022. US Dollar recovers but remains under pressure. The US Dollar rebounded […]
ECB/Kazaks “Interest Rates Should Continue to Increase“ Industrial Production, which we tracked for November in the Euro Zone, exceeded the expectations and increased by 1.0% monthly and 2.0% annually. Data was expected to increase by 0.5% on a monthly and yearly basis. Germany’s GDP, on the other hand, grew by 1.9%, exceeding the expectations of […]
Support Level: 1.0825 – 1.0775 – 1.0715 Resistance Level: 1.0865 – 1.0900 – 1.1000 EUR/USD EUR/USD resumed its advance and reached fresh multi-month highs, as market players made up their minds and increased bet for high-yielding assets. US Dollar under strong selling pressure as investors price in two Fed 25 bps hikes before pausing. EUR/USD […]
Dollar Index Loses Value as Inflation Declines in the USA… Retail Sales in Turkey, which we tracked in November, increased by 1.5% month on month and 12.1% year on year. Data rose 1.4% and 9.5%, respectively, in October According to the Expectations Survey announced by the European Central Bank, the increase in inflation for the […]
Support Level :1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0776 – 1.0800 – 1.0850 EUR/USD The Euro (EUR) resumed its uptrend vs. the US Dollar (USD) and rose to an eight-month new high around 1.0776, ahead of the release of the Consumer Price Index (CPI) in the United States (US), which is foreseen to […]
ECB/Holzmann “Interest Rates Will Have to Increase Significantly” In Turkey, the Current Account Balance for November, announced today, posted a deficit of $3.67 billion, more than expected. The data was expected to give a deficit of 3.27 billion. Following this data, the Current Account Deficit for the January-November period became 41.81 billion dollars. In his […]
Support Level : 1.0700 – 1.0630 – 1.0550 Resistance Level : 1.0760 – 1.0800 – 1.0850 EUR/USD EUR/USD is extending the bullish rally on Tuesday and has been trying to print a fresh high for this week’s initial balance, taking the US Dollar down to 1.0759 vs. the Single Currency on the bull’s quest for […]
Fed Chairman Powell “High Inflation May Require Unpopular Measures” Unemployment Rate in Turkey for November, announced today, remained unchanged at 10.2%. While the Number of Unemployed was 3,576 million people in November, the Labor Force Participation Rate was 54.1%. Apart from these data, Industrial Production, which is another important data we follow, decreased by 1.1% […]
Support Level: 1.0700 – 1.0630 – 1.0550 Resistance Level: 1.0760 – 1.0800 – 1.0850 EUR/USD EUR/USD leaves behind the 1.0700 barrier and hit a fresh multi-week high to 1.0750 region on the back of the persevering sell-off in the greenback, which comes with investors’ re-assessment of the potential next steps by the Federal Reserve when […]