Support Level: 1.0700 – 1.0580 – 1.0480 Resistance Level: 1.0800 – 1.0930 – 1.1000 EUR/USD The EUR/USD extended its fall to new four-week lows at around 1.0720s due to broad US Dollar strength after last Friday’s data reaffirmed the need for higher interest rates in the United States. Hence, money market futures began to price […]
US Treasury Secretary Yellen: “Inflation Remains High” *In the Euro Zone, the Construction PMI for January, announced today, rose from 42.6 to 46.1, and in Germany from 41.7 to 43.3. In England, there was a decrease from 48.8 to 48.4. Apart from these data, December Retail Sales, another important data we follow in the Euro […]
Support Level: 1.0770 – 1.0700 – 1.0580 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD comes under further downside pressure and rapidly gives away the initial optimism, returning to the mid-1.0800s in the wake of another stellar print from the US jobs report on Friday. It ended the week just below 1.0800, bearish in […]
US Employment Data Draws Attention As Weekly Closing Approaches… Turkish Statistical Institute (TURKSTAT) announced inflation data for January. According to TURKSTAT data, consumer prices increased by 6.65% and producer prices increased by 4.15% in January. On a monthly basis, CPI reached its highest level in the last 9 months. Compared to January of the previous […]
Support Level : 1.0870 – 1.0800 – 1.0700 Resistance Level : 1.1000 – 1.1100 – 1.1180 EUR/USD The buying bias in the European currency run out of further steam and forced EUR/USD to return to the negative ground after climbing as high as the 1.1030 zone earlier in the session, accelerates its daily losses and […]
BOE and ECB Raised Interest Rates After FED… German exports amounted to 127.4 billion Euros in December, down 6.3 percent compared to the previous month. Imports, on the other hand, decreased by 6.1 percent in December compared to the previous month and became 117.4 billion Euros. The foreign trade balance gave a surplus of 10 […]
Support Level: 1.0925 – 1.0870 – 1.0800 Resistance Level: 1.1000 – 1.1100 – 1.1180 EUR/USD EUR/USD is taking in the upper quarter of the 1.09 area with printing a high of 1.0985 made so far. The Euro rallied from a low of 1.0852 on the day, completing its daily ATR and bulls keep moving in […]
Eyes on FED’s Interest Rate Decision at 22:00 (GMT+3)… Turkey Manufacturing PMI (Purchasing Managers Index) for January 2023 exceeded the threshold value after a 10-month gap and rose to 50.1. According to the Istanbul Chamber of Industry (ISO) report, most of the sectors increased their production and orders in January. While the most positive developments […]
Support Level: 1.0800 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD is at a crossroads trading around 1.0865 and slightly up on the day by .015% having ranged between a low of 1.0802 and 1.0874 in what has been a two-way business day ahead of central bank meetings. The Federal […]
Euro Zone Economy Grows 1.9… TURKSTAT published Foreign Trade data for December. Foreign trade deficit increased by 42 percent compared to the same month of the previous year and rose to 9.7 billion dollars. Looking at the year 2022 in general, it increased by 137 percent and rose to 109.5 billion dollars. According to another […]