US Consumer Confidence Exceeded Expectation… In his speech today, Chicago Fed President Evans said that there will be a difficult interest rate environment for a while, the Unemployment Rate 4.5% is a very good result, the real interest rate may be 1.4% next spring, and the year-end consensus on the interest rate is between 4.25% […]
Stuck between investing short-term or long-term? Stocks! What are they? Before trading, let’s start with the Basics about Stocks! Whether you are just starting to trade or an experienced trader you have heard of stocks. Tesla, Apple, Amazon… just to name a few, are the companies that are open to public to trade. Traders and […]
Support Level: 0.9550- 0.9500- 0.9400 Resistance Level: 0.9710 – 0.9840- 0.9910 EUR/USD The EUR/USD is moving toward 0.9600 after the recovers from fresh multi-year lows faded. The euro could not hold above 0.9700 and started to decline as stocks in Wall Street printed fresh session lows. It ended Monday around 0.9620, bearish in the daily […]
ECB/Lagarde “We Expect to Raise Interest Rates Further” We followed the Sectoral Confidence Indices for September in Turkiye today. In September, the Services Confidence Index rose from 116.2 to 118.2, the Retail Confidence Index rose from 112.9 to 115.9, and the Construction Confidence Index rose from 86.3 to 88.1. While the Real Sector Confidence Index, […]
Support Level: 0.9600 – 0.9500 – 0.9400 Resistance Level: 0.9900 – 1.0000 – 1.0050 EUR/USD The EUR/USD nosedives below the 0.9800 figure, extending its losses below the 0.9700 figure, triggered by traders’ worries that Fed’s aggression would tip the US economy into a recession, while the UK announced a plan aimed to lift stimulate the […]
US Dollar Sets to Close Week at New 20-Year High… All assets were literally crushed under the strength of the US Dollar on the last trading day of the week. The mode of buy US dollars and sell other assets was dominant in the market. Stock Exchange Global Stock indices, important major units, commodities such […]
Support Level: 0.9875 – 0.9800 – 0.9750 Resistance Level: 1.0050 – 1.0200 – 1.0280 EUR/USD The EUR/USD remains under pressure after hitting a weekly high at around 1.0050 earlier, bolstered by higher than expected German PPI. However, as the North American session began, the exchange rate tumbled below parity and its opening price, ended Tuesday […]
Putin Rocks Markets Before Fed, Dollar Index Hits 20 Years… On the fourth trading day of the week, there is almost a Central Banks parade. While the effects of the Fed meeting last night continued, decisions from other major Central Banks increased volatility. Global markets started early in the morning with the interest rate decision […]
Support Level: 0.9810, 0.9750, 0.9700 Resistance Level: 1.0000, 1.0050, 1.0220 EUR/USD The EUR/USD collapsed to fresh multi-year lows as the US Federal Reserve hiked rates by 75 bps, and anticipated ongoing increases to the Federal fund’s rates (FFR) will be appropriate. The pair oscillates around the 0.9840 area, due to increased volatility, bearish in the […]
Putin Rocks Markets Before Fed, Dollar Index Hits 20 Years… The US Dollar Index jumped to a new two-year high after Russian President Vladimir Putin shook the markets ahead of a possible rate hike by the US Federal Reserve. When ordering Russia’s first mobilization since World War II, Putin claimed that the West’s aim was […]