After FED, England Raised Interest Rate… While the headline employment change in the US Non-Farm Employment Report, which was announced at 15:30(GMT+3), was above the expectations, slight slackening was observed in the sub-headings of the data. -USA – Non-Farm Employment Change: 261,000 (Expected: 200,000 ; Previous: 315,000) -USA – Average Hourly Earnings (monthly): 0.4% (Exp: […]
Support Level: 0.9700 – 0.9630 – 0.9540 Resistance Level: 0.9800 – 0.9850- 0.9910 EUR/USD The euro has recovered modestly on Thursday’s US trading session, bouncing up from the 0.9740 area to reach 0.9760. The pair, however, remains negative on the daily chart and trading nearly 3% down on the week. Business activity in the US […]
After FED, England Raised Interest Rate… We left the Fed meeting behind. While the meeting statement started as a dove, a hawkish image was formed in the statements of FED Chairman Powell. Powell stated that the rate of increase in interest rates may slow down provided that the data allow, and that in addition to […]
Support Level: 0.9780 – 0.9700 – 0.9630 Resistance Level: 0.9910 – 1.0000- 1.0100 EUR/USD The EUR/USD reversed sharply from the highest level since Friday at 0.9975 and broke below 0.9850, reaching the lowest level in a week at 0.9822. The words from Fed Chair Powell strengthened the greenback. The EUR/USD reversed sharply from the highest […]
Which topics will we pay attention to at the FED Meeting? Today at 21:00 (GMT+3), we will learn the results of the FED meeting. FED Chairman Powell’s press release will be followed at 21:30. The Fed is expected to raise interest rates by 75 basis points. While this expectation has been bought in for a […]
Support Level: 0.9850 – 0.9780 – 0.9700 Resistance Level: 1.0000 – 1.0100- 1.0200 EUR/USD EUR/USD abandons the area of daily highs around 0.9950 and makes an abrupt U-turn to revisit the sub-0.9900 zone in the wake of US data results on Tuesday. EUR/USD rapidly drops and revisits the area below 0.9900 on the back of […]
Risk Appetite Recovers Slightly Before Tomorrow’s FED… We see that the risk appetite in global markets has come to the fore a little before the FED meeting decisions to be announced tomorrow evening at 21:00 (GMT+3). While there is a slight reaction in US futures stocks, we see a decrease in treasury yields. On the […]
Support Level: 0.9850 – 0.9780 – 0.9700 Resistance Level: 1.0000 – 1.0100- 1.0200 EUR/USD The single currency remains mired in the negative territory and drags EUR/USD to fresh multi-session lows below 0.9900 region at the beginning of the week. It ended Monday at around 0.9880, neutral to bullish in the daily chart. Equities in the […]
Euro Zone’s Inflation and Growth Performance As ECB Thinks… Two days left until the FED meeting. When we look at the pricing, we see that the US 10-year bond yield continues to stay above 4%, while the EURUSD parity is again priced below 1.00 and in the 0.99 region close to the evening. Ounce Gold […]
Support Level: 0.9925 – 0.9850 – 0.9750 Resistance Level: 1.0100 – 1.0200- 1.0300 EUR/USD The EURUSD finished Friday’s session almost flat at around 0.9960s with minuscule gains of 0.02%, the Shared currency recovered some ground against the USD at the New York close, slightly above its opening price. Wall Street finished the day with solid […]