The ongoing refugee crisis between the Christian Union bloc (CDU and CSU parties), one of the largest partners of the German coalition, remains uneasiness over Euro assets. Especially in recent days, statements made after the meeting by Prime Minister Angela Merkel and CDU Parliamentary Group President Volker Kauder show that there is no agreement on immigration policy. Explanations that may come today or in the following days can be directly effective on the parity, so it is useful to follow ca…
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EURusd overview
Today Mario Draghi, President of the European Central Bank, said that they needed monetary expansion and that they needed to be patient for the first interest rate hike. On the other hand, the failure of German coalition partners to agree on the issue of immigrants is one of the key issues that put pressure on euro assets as well as the question of whether the coalition is deteriorating on the market side. In addition, economically problematic countries such as Italy and Spain are among the fact…
Brent oil
British Petroleum (BP), 2018 World Energy statistics view and recent reports compiled according to the U.S., oil and petroleum products production in the summit took place last year. According to the report, the United States was the world's largest producer of oil and oil products for four consecutive years. In January 2017, Saudi Arabia and Russia, which went to restrict crude oil production levels to lower the supply surplus in the global oil market, dropped oil production last year. The eyes…
EURUSD overview
The US data was followed yesterday, while Easter holidays starting on Friday caused shallow prices on the parite side. The manufacturing Purchasing Managers Index (PMI), which was announced by the resource management Institute (ISM), did not meet market expectations with 59.3 and 60.1. The manufacturing PMI data announced by Markit was also below expectations. On the other hand, trade wars between the United States and China continue to intensify. In the euro zone, the outcome of the coalition t…
EURUSD overview
The rate of employment and staff change (JOLTS) estimated at 5 million 950,000 in the U.S. yesterday was announced at 5 million 811,000 in December. 5 million 879 thousand realized in November data was revised as 5 million 978 thousand. The country's trade balance, with a deficit of 53 billion 100 million, suffered the worst realization of the last 9 years. On the other hand, St.“Recent employment market data may not be a signal to accelerate inflation,” said James Bullard, President of the Fed.…
EURUSD parity overview
EURUSD keeps its volatility low after the Fed's decision. The Fed is relatively optimistic on the inflation side, keeping us interest rates above 2.70, and the March meeting is signaled for interest-raising. We are in an important week in terms of parity and data flow will be busy today&tomorrow. Technical support for 1.2360 and 1.2300 retracements can be followed even if we monitor a tiredness.
Overview of EURUSD parity
In recent days, the EURUSD resistance is back from 1.2070 resistance. Although the upward trend is still being maintained, there is a strong uptrend in the move and we have seen it clearer with the US employment data released last week. The risk appetite in the option market also gradually supports this decline. 1.1865 main support.
A debt ceiling solution is coming, here is when
Get used to more weeks like this, the fight over US debt will be a long, bitter struggle. As I write this article, it looks like there may be a short term deal to raise the debt ceiling this weekend avoiding financial catastrophe for the time being. A bigger deal is supposedly being negotiated however this row has been on-going for more than two years and so I am skeptical of any grand bargain.
The longer and more bitter the dispute becomes the more difficult it is for either side to eventuall…
The longer and more bitter the dispute becomes the more difficult it is for either side to eventuall…