Strong PPI Data in the USA Reinforced the FED’s Rate Increase Signals… Producer Price Index (PPI) data in the USA came in above expectations. PPI increased by 0.7% in January, above the expectations of 0.4%. Compared to the same period of the previous year, it increased by 6.0%, above the 5.4% expectation. Core PPI, on […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The now strong rebound in the greenback puts the risk universe under further pressure and forces EUR/USD to drops to 2-day lows near 1.0660 on Wednesday and shouting distance from the monthly lows on Wednesday. Indeed, the selling pressure keeps […]
US Retail Sales Data Released Positive Than Expected… According to the statement made by the Ministry of Treasury and Finance, in January 2023, central government budget expenditures were announced as 321.3 billion TL, budget revenues as 289.1 billion TL and budget deficit as 32.2 billion TL. The primary deficit was realized as 10.9 billion TL. […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD picks up extra pace and trespasses the key barrier at 1.0800 the figure on Tuesday, or multi-session highs. However, it failed to hold that gains and back to 1.0735 area to ended Tuesday, still bearish in the daily chart. […]
Inflation in the USA Continues Its Monthly Rising… Gross Domestic Product (GDP) growth data in the Euro Area were announced as expected. In the 4th quarter of 2022, 0.1% growth was recorded. On an annual basis, there was a growth of 1.9% in the 4th quarter. Although the growth in the Euro Zone has decreased […]
Support Level: 1.0650 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD has been testing a critical high in the midday session on Wall Street following what had been a positive start for the day for the US Dollar. At the time of writing, EUR/USD is trading up high for the […]
US Stock Market Indices Started The Week Positive… US stock indices started the session slightly positive on the calm day on the global side. US futures were positive throughout the day. US 10-year bond yield is 3.70% and 2-year yield is 4.55%. FED member Bowman, in his statement during the day, stated that the labor […]
Support Level: 1.0660 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The European currency trades in a vacillating fashion and motivates EUR/USD to hover around the 1.0670 band at the end of the week. The pair remains side-lined in the lower end of the weekly range and appears to have finally […]
Russia “We Will Not Sell Oil To Those Who Apply Price Ceiling” Industrial Production in Turkey for the month of December, which we follow today, increased by 1.6% monthly and decreased by 0.2% annually. The monthly increase in Industrial Production was led by the increases in the Mining and Manufacturing Industry. Apart from this data, […]
Support Level: 1.0670 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD EUR/USD finally picks up some convincing upside traction and approaches the key resistance area near 1.0800 the figure on Thursday. It failed to hold that gains and back to familiar range 1.0735 to ended the day. The German Harmonized Index […]