Support Level: 0.9670- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD Euro’s reversal from 0.9750 area earlier on Monday’s US trading session found support tight above the two-week low at 0.9670 and the pair is now trading above 0.9700 again. In absence of first-tier macroeconomic events, the sour market mood reflected on the negative […]
We Will Follow the Statements of FOMC Members… In Turkey, the current account balance for the month of August, which was announced today, gave a deficit of 3.11 billion dollars. The Current Account Balance for July had a deficit of 4.93 billion dollars. After the August data, the 12-month Current Account Deficit rose from 36.59 […]
Support Level: 0.9680- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD Euro’s reversal from 0.9750 area earlier on Monday’s US trading session found support tight above the two-week low at 0.9680 and the pair is now trading above 0.9700 again. On a bigger picture, investors’ concerns about the escalating war in Ukraine, after Russia […]
Data on One Side, Bombs on Another… The first trading day of the new week passed with the news of the bombing of Kyiv, the capital of Ukraine, and its surroundings. In retaliation for Ukraine’s bridge explosion in Crimea, Russia bombed several points in and around Kyiv in the morning. Even though wheat futures went […]
Support Level: 0.9730- 0.9630- 0.9530 Resistance Level: 0.9820 – 0.9920- 1.0000 EUR/USD The EUR/USD fell from 0.9790 to 0.9730 reaching the lowest level in a week following the release of the US official employment report that showed numbers slightly above expectations. The greenback strengthened after the numbers. Earlier in the day, the data published by […]
Non-Farm Employment Increases More Than Expected in the USA… US Non-Farm Employment (TDI) increased by 263,000 in September, according to data released Friday by the US Bureau of Labor Statistics. The market expectation was that there would be an increase of 250 thousand. Unemployment Rate decreased from 3.7% to 3.5%. Average hourly earnings increased by […]
Support Level: 0.9750- 0.9630- 0.9530 Resistance Level: 0.9920 – 1.0000- 1.0050 EUR/USD The EUR/USD dropped further after the beginning of the American session and bottomed at 0.9790, the lowest level in two days. The intraday bias is bearish with the US dollar looking stronger ahead of the NFP. On Thursday, economic data released in the […]
Recovery Trend in US Dollar Index Continues… The European Central Bank (ECB) published the minutes of its September monetary policy meeting, in which it increased interest rates by 75 basis points. According to the minutes, it was stated that the depreciation of the Euro could increase the inflationary pressure for the Euro Area. While many […]
Support Level: 0.9830- 0.9750- 0.9630 Resistance Level: 1.0000 – 1.0050- 1.0100 EUR/USD The EUR/USD is erasing some of Tuesday’s gains as speculations of a Fed pivot towards a dovish stance faded, as shown by US T-bond yields rising again. the EUR/USD is trading at 0.9890 after hitting a daily high close to parity. Sentiment deteriorated, […]
Expected Discount From OPEC, US Data Going Well… The decision to reduce 2 million barrels per day came out of the OPEC+ meeting. These expectations were included in the bulletins and reports in the previous days, as a result of which oil prices reacted. Oil prices remained stable after the decision. The next meeting will […]