After Tomorrow, the holiday mood in the markets will start to end slowly… On the first trading day of the new year, almost all commodities, metals and stock markets were closed and we had a day when only parities were open. The European market was open and the Manufacturing PMI from Germany fell from the […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0740 – 1.0780- 1.0850 EUR/USD The EUR/USD advances modestly in the last trading day of 2022, during the North American session, though above its opening price by 0.13%. A light economic calendar keeps the EUR/USD pair within familiar ranges ahead of the week. At the time […]
End of the year… We are coming to the end of 2022. As we approached the end of the year, the slight decline in US inflation data and China’s abandonment of its zero covid policy allowed the markets to breathe a little. This weekend was quiet due to the year-end holiday mood and the lack […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0690 – 1.0740- 1.0850 EUR/USD The Euro held to its gains vs. the USD as sentiment improved ahead of the last trading day of 2022. Data from the US showed a slight jump in unemployment claims, boosting the EUR/USD, while China’s Covid-19 relaxing restrictions keep investors […]
As the Year Approaches the End, the Market Remains Calm… Turkish Economy Confidence Index, which was announced in the morning hours, increased by 0.70 points to 97.60. Taking a look at the latest data for the year, U.S. Unemployment Claims came in at 225,000 this week, versus 216,000 last week. The US Dollar stumbled during […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0665 – 1.0740- 1.0850 EUR/USD The EUR/USD failed to break the current range despite hitting the highest level in 13 days. The pair peaked at 1.0675 and then pulled back. It is trading at daily lows near 1.0610, still bullish in the daily chart. The short-lived […]
Markets Remain Stable Towards the End of the Year… ØLimited price volatility continues in global markets. ØThere is a slight decline in the government bond rates, which has been on the rise with the statements of the hawk central banks recently, but the price activity is limited. ØWhile major instruments are traded at almost the […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0665 – 1.0740- 1.0850 EUR/USD The EUR/USD has recovered 1.0611, reaching the lowest level since last Thursday and then bounced sharply to the upside, approaching daily highs as equity prices in Wall Street rebounded. It ended the day at around 1.0645, bullish in the daily chart. […]
Last Week of the Year Global Bond Rates On An Uptrend… *Limited movements continue in post-Christmas market pricing. EURUSD parity is priced at 1.0625, Ounce Gold 1807, GBPUSD parity at 1.2020 and USDJPY at 133.35. *Global bond yields are on the rise in Germany and the USA. *Yesterday, Dutch Central Bank Governor Knot’s continued statements […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD pair holds ccomfortably above the 1.0600 round-figure mark through the early North American session and moves little in reaction to the mixed US macro data. It ended Friday near 1.0620, still bullish in the daily chart. The US Bureau […]