Euro Zone Inflation Rises To Double Digits… Exports in Turkey for the month of August, announced today, were 21.34 billion dollars, and imports were 32.53 billion dollars. With this data, the Trade Balance gave a deficit of 11.19 billion dollars. Exports for the January-August period were 165,608 billion dollars, and imports were 239.43 billion dollars. […]
Support Level: 0.9700- 0.9630- 0.9535 Resistance Level: 0.9830 – 0.9920- 1.0000 EUR/USD The EUR/USD is trading at the highest level since last Wednesday around the 0.9800 mark. It is up by more than 250 pips from Wednesday low as it continues to recovery on the back of a weaker US dollar. The dollar received a […]
The US Economy Shrinked in the 2nd Quarter… GDP in the second quarter we followed in the USA contracted by 0.6% as expected. The US economy shrank 1.6% in the first quarter. Unemployment Benefit Applications, another important data announced at the same time in the USA, increased less than the expectation of 215 thousand and […]
Support Level: 0.9600- 0.9535- 0.9450 Resistance Level: 0.9750 – 0.9840- 0.9910 EUR/USD The shared currency began trading nearby the day’s lows, just below the 0.9600 figure, and dived towards a fresh two-decade low at around 0.9535 before rallying sharply towards the daily high at 0.9751 before settling around 0.9730, bearish in the daily chart. The […]
ECB/Lagarde “We Will Keep Raising Rates“ President of the European Central Bank (ECB) Lagarde and ECB Members Rehn and Kazimir made assessments on the interest rate hike process in their speech today. Lagarde said they will continue to raise interest rates in the next few meetings, while Rehn said a serious rate hike should be […]
Support Level: 0.9550- 0.9500- 0.9400 Resistance Level: 0.9710 – 0.9840- 0.9910 EUR/USD The EUR/USD dropped further after the beginning of the American session and hit levels under 0.9600. It is hovering at 0.9590 to end Tuesday, bearish in the daily chart. Following the release of better-than-expected US Consumer Confidence data, the greenback started to recover […]
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, […]