Trends in the Market Continue… In the inflation figures announced in the morning on the Chinese side, the CPI data was 0.3% monthly and 2.8% annually, while the PPI side was announced as 0.9%. While there was an increase in CPI on the annual side, there was a decrease in PPI. European Central Bank President […]
Support Level: 0.9630 – 0.9530 – 0.9450 Resistance Level: 0.9820 – 0.9920 – 1.0000 EUR/USD The EUR/USD is recovering from earlier losses as inflation in the United States rose above estimates, continuing to test Fed members’ patience. Core CPI in the US jumped to a four-decade high, exceeding forecasts, cementing the case for further Fed […]
Core Inflation Continues to Worry in the US… In the September inflation data announced in the USA, both headline and core inflation came in above expectations. Especially on the Core Inflation side, there is a strong monthly and annual increase, showing that inflation is sticky. USA – CPI (MoM) 0.4% (Previous: 0.1%) US – CPI […]
Support Level: 0.9670 – 0.9630 – 0.9530 Resistance Level: 0.9820 – 0.9920 – 1.0000 EUR/USD The common currency remains on the back foot on Wednesday and is on track to complete a six-day reversal against the US dollar. The pair has turned lower from the 0.9700 area despite ECB Lagarde’s comments. The President of the […]
PPI Data in the USA Made Tomorrow’s CPI Even More Important! We welcomed the day with the UK’s economic growth and industrial production data. In the UK, economic growth continues to weaken on a monthly and annual basis. It was -0.3% monthly and 2% annually. We also saw negative changes in Industry and Manufacturing production […]
Support Level: 0.9670- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD Euro’s reversal from 0.9750 area earlier on Monday’s US trading session found support tight above the two-week low at 0.9670 and the pair is now trading above 0.9700 again. In absence of first-tier macroeconomic events, the sour market mood reflected on the negative […]
We Will Follow the Statements of FOMC Members… In Turkey, the current account balance for the month of August, which was announced today, gave a deficit of 3.11 billion dollars. The Current Account Balance for July had a deficit of 4.93 billion dollars. After the August data, the 12-month Current Account Deficit rose from 36.59 […]
Support Level: 0.9680- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD Euro’s reversal from 0.9750 area earlier on Monday’s US trading session found support tight above the two-week low at 0.9680 and the pair is now trading above 0.9700 again. On a bigger picture, investors’ concerns about the escalating war in Ukraine, after Russia […]
Data on One Side, Bombs on Another… The first trading day of the new week passed with the news of the bombing of Kyiv, the capital of Ukraine, and its surroundings. In retaliation for Ukraine’s bridge explosion in Crimea, Russia bombed several points in and around Kyiv in the morning. Even though wheat futures went […]
Support Level: 0.9730- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD The EUR/USD fell from 0.9790 to 0.9730 reaching the lowest level in a week following the release of the US official employment report that showed numbers slightly above expectations. The greenback strengthened after the numbers. Earlier in the day, the data published by […]