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

20/06/2023 Daily Reports

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0970 – 1.1010 – 1.1100 EUR/USD The European currency maintains the offered stance well in place at the beginning of the week and motivates EUR/USD to recede to daily lows in the 1.0925/20 band on the back of the decent recovery in the US Dollar. Indeed, […]

UK Summer Bank Holiday

ECB/Kazimir “Necessary to Raise Rates Again in July“ *In his speech on the interest rate hike process, European Central Bank (ECB) Member Kazimir said that they should increase the interest rates again in July, that stopping interest rate hikes too early is a greater risk than excessive tightening, that upside inflation risks still remain important, […]

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

19/06/2023 Daily Reports

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0970 – 1.1010 – 1.1100 EUR/USD EUR/USD rally stalled in the aftermath of the ECB rate hike, trimming some of its previous day’s gains amidst mixed market sentiment. Following the Fed and the ECB’s decisions, central bank speakers are grabbing the most headlines, amidst the lack […]

16/06/2023 Evening Reports

Inflation Rate Slowed Down in Euro Zone… * In his speech after keeping the interest rate at -0.10% level, Bank of Japan (BOE) Governor Ueda stated that there are both positive and negative effects caused by the weak Yen, the rate of decrease in prices is a little slow, and there is a lot of […]

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

16/06/2023 Daily Reports

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0950 – 1.1000 – 1.1100 EUR/USD The European currency now trades with marked gains and pushes EUR/USD to revisit daily highs in the 1.0950 band on Thursday. Indeed, spot sees its daily upside exacerbated after President Christine Lagarde advocated for an extra rate hike in July, […]

15/06/2023 Evening Reports

ECB/Lagarde “We Are Not Considering Stopping Rate Increases“ * The European Central Bank (ECB) raised the policy rate by 25 basis points to 4.00% at its meeting today. In the statement made, it was stated that inflation is expected to be 5.4% and core inflation is 5.1% in 2023, core inflation indicators continue to be […]

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

15/06/2023 Daily Reports

Support Level: 1.0860 – 1.0800 – 1.0730 Resistance Level: 1.0950 – 1.1000 – 1.1100 EUR/USD The European currency now trades with marked gains and pushes EUR/USD to revisit daily highs in the 1.0950 band on Thursday. Indeed, spot sees its daily upside exacerbated after President Christine Lagarde advocated for an extra rate hike in July, […]

14/06/2023 Evening Reports

FED Will Announce Interest Rate… *The UK GDP for April, announced today, grew by 0.1% on a quarterly basis and 0.5% on an annual basis. The data was expected to come in at -0.1% and 0.6%, respectively. Construction Production, which increased by 3.6%, gave the largest contribution to the GDP growth, while Industrial Production, which […]

13/06/2023 Evening Reports

Inflation Rate Decreased in the USA… *The Employment Change for April in the UK, announced today, increased by 250 thousand, exceeding the expectation of 150 thousand. The number of unemployed decreased by 13,600 people. After these data, the Unemployment Rate decreased from 3.9% to 3.8%. *The Zew Economic Index for June, which was announced today […]

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

14/06/2023 Daily Reports

Support Level: 1.0730 – 1.0630 – 1.0500 Resistance Level: 1.0830 – 1.0900 – 1.1000 EUR/USD The Euro finds demand on Tuesday as investors adjust their positions while preparing for the highly-anticipated central bank policy announcements. The EUR/USD pair gathered bullish momentum and climbed above 1.0800 for the first time in three weeks. The Euro’s performance […]