Support Level : 1.0830 – 1.0760 – 1.0710 Resistance Level : 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD has been sent onto the backfoot as US stocks slide to fresh session lows led by the tech-focused Nasdaq which is down by more than 1% on Monday. At the time of writing, EUR/USD is losing around […]
German Economy Shrinked… According to the January data of the Turkish Statistical Institute (TURKSTAT), the Economic Confidence Index increased by 1.3 percent to 99.3. Although the index remained below the 100 threshold, it reached its highest level in the last 1 year. If the Economic Confidence Index is greater than 100, it indicates optimism about […]
Support Level: 1.0830 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on Friday slipped to the 1.0860 region after data from US cemented the case for a 25 bps rate hike by the Fed. At the time […]
Inflation Expectations Decreased in the USA… Inflation Expectations Decreased in the USA… US Personal Consumption Expenses (PCE) were announced today at 16:30. On an annual basis, the core index came in at 4.4% as expected. The previous figure was 4.7%. Reduction in expenditures will be an important factor that will positively affect inflation. A data […]
Support Level: 1.0830 – 1.0760 – 1.0710 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The European currency now gives aways some gains after motivating EUR/USD to climb to fresh 2023 peaks near 1.0930 earlier in the session on Thursday. The pair ended the day around 1.0890, still bullish in the daily chart. Despite the […]
US Economy Growth by 2.6%… CBRT Chairman Şahap Kavcıoğlu made statements regarding the inflation report published today. In the statement made, he stated that the inflation rate in 2023 will be between 17.8 percent and 26.9 percent at the end of the year with a 70 percent probability, and between 4.0 percent and 13.7 percent […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD The European currency now looks to extend the bounce off earlier lows in the 1.0860/55 band vs. the greenback and lifts EUR/USD back to the boundaries of 1.0900 the figure on Wednesday. EUR/USD so far advances for the sixth session […]
ECB Member Makhlouf “Required Rate Increases” Today, the Capacity Utilization Rate in Turkey was announced as 75.3% with a 1.2% decrease. Manufacturing Confidence rose from 97.8 to 101.7. In its statement, the CBRT stated that in the evaluations for the last three months, the trend in favor of those who reported an increase in their […]
Support Level: 1.0760 – 1.0710 – 1.0630 Resistance Level: 1.0930 – 1.1000 – 1.1100 EUR/USD EUR/USD appears to have met some decent resistance in the proximity of the 1.0900 hurdle so far on Tuesday. It ended the day at around 1.0880, still bullish in the daily chart. Indeed, market participants appear prudent ahead of the […]
We Followed PMI Data in Global Markets… The Consumer Confidence Index for February, published by GFK in Germany, was announced as -33.9. Last month, it was announced as -37.6. Although Consumer Confidence continues its negative course, it continues on the path of recovery for 4 consecutive months. Manufacturing PMI for January, another important data we […]