Dollar Index Gains Value After US Data… In the UK, the GDP we track for the third quarter fell short of expectations, shrinking by 0.3% on a quarterly basis, while growing by 1.9% on an annual basis. The economy was expected to contract by 0.2% on a quarterly basis and to grow by 1.9% on […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD ØThe EUR/USD continues to move without a clear direction. It printed a fresh daily low at 1.0595 and then rebounded back above 1.0600 to ended the day at around 1.0610, still bullish in the daily chart. ØRisk sentiment prevailed after the […]
While Consumer Confidence Increases in the USA, Home Sales Decrease… The Consumer Price Index (CPI) for November, which we tracked in Canada, exceeded the expectations and increased by 0.1% monthly and 6.8% annually. The data was expected to come in at -0.1% and 6.7%, respectively. Core CPI, on the other hand, remained unchanged at 0.0% […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD pair seesaws between tepid gains/minor losses through the early North American session and is currently placed in neutral territory, around the 1.0600 mark, still bullish in the daily chart. The Bank of Japan-inspired rally in the Japanese Yen is […]
Markets Moved With Japan’s Interest Rate Decision… While the Bank of Japan (BOJ) did not change the interest rate at -0.10% as expected at the meeting held today, it increased the yield band for Japanese Government Bonds from 25 basis points to 50 basis points. After the decision, BOJ Chairman Kuroda said that they will […]
Support Level: 1.0570 – 1.0500 – 1.0400 Resistance Level: 1.0660 – 1.0740- 1.0850 EUR/USD The EUR/USD is trading flat for the day, hovering near 1.0600. During the American session, the pair fell to 1.0574, reaching the lowest level since December 13, but still bullish in the daily chart. While German yields moved off highs during […]
“ECB Will Increase Interest Rates Further” The IFO Business World Index for December, announced today in Germany, rose from 86.3 to 88.6. In the statement made, it was stated that the probability of recession decreased after today’s data, business confidence improved in almost all sectors and 57% of the business world complained about the bottleneck […]
Support Level: 1.0580 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD remains subdued on Friday, following monetary policy meetings by the Fed and the ECB, with both entities raising rates amidst a period of high and stickier inflation. The pair ended Friday at around 1.0590, still bullish in the daily […]
Şahin Post-ECB Members Also Give Their Messages… On the last trading day of the week, an image is drawn in favor of the mild Dollar Index, and it is a day full of statements and economic data by the ECB. Final inflation in the Eurozone for November was announced as 10.1% annually. Core annual inflation […]
Support Level: 1.0590 – 1.0500 – 1.0400 Resistance Level: 1.0670 – 1.0740- 1.0850 EUR/USD The EUR/USD jumped to 1.0735, a fresh six-month high, during ECB Lagarde’s presser. It erases gains after Lagarde’s comments and turned its direction to downside and ended Thursday at around 1.0635, still bulish in the daily chart. The European Central Bank […]