The daily reports for important events that affects the forex, stocks and commodities markets.

27/06/2023 Daily Reports

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD After two consecutive daily retracements, including the drop to weekly lows near 1.0840, the Euro (EUR) regains poise and manages to leave behind the key 1.0900 barrier vs. the US Dollar, lifting a the same time EUR/USD to daily peaks […]

26/06/2023 Evening Reports

It has been a day that we have been following the impact of the uprising in Russia… *In Russia, over the weekend, there was an attempted coup by the Wagner forces. Currently, there seems to be a somewhat inconclusive ceasefire in place. While there have been reports of an agreement between the Wagner forces and […]

The daily reports for important events that affects the forex, stocks and commodities markets.

26/06/2023 Daily Reports

Support Level: 1.0840 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD The Euro (EUR) and other assets with risk associations remain on the defensive, although EUR/USD manages to regain some balance and seems to have set sail to the 1.0900 region near the close in Wall Street on Friday. The Euro’s […]

23/06/2023 Evening Reports

FED/Daly: “Two interest rate increases this year are reasonable”. *Manufacturing PMI for May, which was announced today in Germany and the Euro Zone, contracted and came in at 41.0 and 43.6, respectively. Services PMI, on the other hand, showed growth by coming in at 54.1 and 52.4, respectively, although it decreased compared to the previous […]

The daily reports for important events that affects the forex, stocks and commodities markets.

23/06/2023 Daily Reports

Support Level: 1.0890 – 1.0800 – 1.0730 Resistance Level: 1.1010 – 1.1100 – 1.1200 EUR/USD After rising to new monthly highs above the important 1.1000 threshold against the US Dollar, the Euro has lost some steam and retreated to the 1.0960 area, resulting in slight losses for the day thus far. In a broader context, […]

22/06/2023 Evening Reports

The Bank of England (BOE) raised interest rates today… *Swiss Central Bank (SNB) raised the interest rate by 25 basis points to 1.75%, as expected, at its meeting today. In the statement, it was stated that they did not ignore the possibility of additional interest rate hikes to ensure price stability, that the SNB was […]

The daily reports for important events that affects the forex, stocks and commodities markets.

22/06/2023 Daily Reports

Support Level: 1.0890 – 1.0800 – 1.0730 Resistance Level: 1.1000 – 1.1100 – 1.1200 EUR/USD EUR/USD snaps three days of consecutive losses and raises toward the 1.0990 region as the US Fed Chair Jerome Powell answers questions at the US House of Representatives on his first day of testimony. Risk aversion, and high US Treasury […]

21/06/2023 Evening Reports

FED/Powell “Raising Interest Rates Considered Appropriate“ *In the UK, the Consumer Price Index (CPI) for May, announced today, exceeded the expectations and increased by 0.7% monthly and 8.7% annually. Data were expected to increase 0.5% and 8.4%. Core CPI also increased above expectations, increasing 0.8% and 7.1%, respectively. With the increase in inflation rates, the […]

The daily reports for important events that affects the forex, stocks and commodities markets.

21/06/2023 Daily Reports

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0970 – 1.1010 – 1.1100 EUR/USD The initial upward movement of the EUR against the USD towards the 1.0950 level has been reversed, leading EUR/USD to shift its focus towards the downside, specifically targeting the 1.0900 area. In Germany, Producer Prices experienced a monthly decline of […]

20/06/2023 Evening Reports

ECB/Stournaras “The End of Rate Increases Nears” *In Germany, the Producer Price Index (PPI) for May decreased by 1.4% on a monthly basis, which was below the expectations, and fell to 1.0% from 4.1% year-on-year. Data was expected to be 0.7% monthly, 1.7% annually. *European Central Bank (ECB) Member Stournaras will start, will determine the […]