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 […]
Rising Signals in Germany Leading Inflation Draw Attention… Bank of England (BOE) Governor Bailey said in a speech today that he is concerned that inflation will persist, so he voted to raise interest rates, that they should see more evidence of easing inflationary pressures, that a major recession is needed to keep inflation at 2% […]
Support Level : 1.0670 – 1.0580 – 1.0480 Resistance Level : 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD still trades in the familiar range, between high 1.0760 and low 1.0706 area. It failed to make a breakout on upside and continued under the sell pressure. It ended the day around 1.0725, still bearish in […]
We Will Follow FOMC Member Waller’s Speech… *US API Crude Oil Stocks, which we tracked in the USA at night, decreased by 2,184 million barrels. Stocks were expected to increase by 2,150 million barrels. Crude Oil continued to rise with the effect of decreasing stocks. Today at 18:30 (GMT +3), the official Crude Oil Stocks […]
Support Level: 1.0670 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD surged to high 1.0770 area post Fed Powell’s speech, but failed to hold that gains and back to 1.0730 area to ended Tuesday, still bearish in the daily chart. The steep sell-off in EUR/USD post-US NFP remains unabated […]
FED/Kashkari: “We Are Determined To Lower Inflation” *European Central Bank (ECB) member Villeroy said in a statement that inflation is not far from the peak level and that he does not think it is necessary to choose between fighting inflation and avoiding a recession. * In his speech today, FOMC Member Kashkari said that the […]