We see that the upward momentum in Sterling assets continues today, with some of the most prominent voices in the decisions of the Central Bank of England's Monetary Policy Committee and the triumph of the Brexit bill voted in parliament by British Prime Minister Theresa may. However, despite the positive developments about Brexit in recent days, it is still worth noting that the uncertainties of Brexit continue in the country. For this reason, it is important to keep an eye out for possible exp…
kahinistanbul's Blog
EURusd overview
Yesterday, Italian Economy Minister Giovanni Tria, after a meeting with German Chancellor Angela Merkel, “we are behind our commitment to stay in the euro,” Euro assets recovered from today's European PMI figures after the UP-and-coming attacks continued. Looking at the data released, the euro zone service and composite PMI came above forecasts, and Manufacturing PMI resulted in parallel with expectations. In Germany, the service and composite PMI figures were better than predicted, while manufa…
EURusd overview
Industrial production in Germany today, despite expectations of 0.3 percent, while the country's trade balance remained below expectations of -1.0 percent, 19 billion 400 million excess gave. Negative data from both Germany and France in the last 2 days has created sales pressure on euro assets despite positive statements by ECB officials on the bond buying program. On the other hand, the rally in the bond interest rates in Italy has supported the drawback seen today by the parity side. On the o…
EURUSD overview
Yesterday, headline inflation figures in the euro zone remained far below market expectations, followed by the European Commission's economic forecast statement. The economic slowdown at the beginning of 2018 will likely be temporary, while the complex Outlook in the employment market will continue to be highlighted. Yesterday, Peter praet, a board member of the European Central Bank, said that monetary expansion could continue. On the US side, while the Non-Manufacturing Purchasing Managers Ind…
EURUSD expectation
The euro zone Producer Price Index was announced below expectations on a monthly and annual basis. In the United States, 184 thousand as expected non-agricultural employment data amounted to 200 thousand. The average hourly earnings were 0.3 percent in line with expectations, while the Unemployment Rate data were reported as 4.1 percent in line with expectations. In addition, the data on non-agricultural employment and average Hourly earnings were revised upwards. When we look at the news flow, …
FX Strategy
In the G10 currencies today, USD and NZD are among the top gainers while CHF and JPY are the worst performers. USD is firming today given strong manufacturing PMI numbers and unexpectedly high Adp employment change yesterday. AUD was also subdued following weak trade balance data overnight. Elsewhere, the German Retail sales reported unexpectedly strong numbers (2.3% actual vs 1.1% expected) but we may not see much of an EUR move before inflation rate later today. In the equities space, the Nikk…
EURUSD parity overview
EURUSD continues to test 1.2070 resistance. Yesterday, the rise in unemployment rates in the United States was influential in the weakening of the dollar. In the US, however, employment data will be announced today and the euro zone will be followed by the leading inflation data. Technically, 1.2070 corresponds to a critical resistance.
EURUSD overview
EURUSD is testing 1.2070 resistance, while the market keeps its negative movement. U.S. interest rates rise again. There is a fatigue in the parity due to its effect and its previous resistance. Although the option market is positioned in favor of the euro in the short term, horizontal movement is maintained for 3 months. Parity is also showing a recent spike in interest rates. Technically, the inability to exceed 1.2070 could bring about a summit formation
EURusd overview
Described last night's Federal Open Market Committee(FOMC) have had an impact on the parity decision. The decision, although the Fed's growth and unemployment forecasts in the details of prospective future inflation could lead to policy change has been upgraded reservations about the perception that the dollar cost worth it. Because yesterday in the U.S. CPI figures of this nature was described. On the other hand, was agreed on yesterday evening with the news that the decision was overshadowed b…
Day overview
I Will Be Following Inflation Data In The UK!For the month of November will be followed by inflation data in the UK today. On a monthly basis, consumer prices Index(CPI) was expected to increase at a rate of 0.2 percent, with expectations for the year at the level of 3.0 per cent. The Producer Price Index(ppi) for input on an annual basis at 1.5 percent on a monthly basis and 6.8% of the data predicted expectations, PPI for output-month 0.2 percent annual percentage 3.0% of predictions. By the U…