Market Notes


The US Dollar stayed tall against Euro after the Federal Reserve gave an upbeat assessment of the US economy and stayed on course to gradually lift interest rates. The EURUSD pair is now moving towards the daily support level of 1.1607. Watch out for the 1.1607 this week. As long as th...

02 Aug 18 (Thu)

06:50 am

The Crude Oil price has been falling for two days. Ahead of Crude Oil Inventories, the price is currently testing the daily support level of 67.79. In order for the bearish action to gain more momentum, it needs to stay below that level on a daily basis. At this point, the next support level can...

01 Aug 18 (Wed)

01:13 pm

The Gold price jumped up yesterday from the 1215 main support level to 1225. However, the yellow metal could not break above the 1225 resistance level. As long as the price stays below 1225, on a four hourly basis, the selling pressure may continue and we will follow 1215 and 1207 as support leve...

01 Aug 18 (Wed)

07:12 am

The dollar moved up significantly versus the yen after yesterday’s pledge by the BoJ to keep rates extremely low for an extended period. As long as the USDJPY pair sustains above 111.66 on a daily basis, the bullish action may continue and we will see the key resistance level at 112.46. On the ot...

01 Aug 18 (Wed)

07:02 am

The GBPUSD upward movement was limited yesterday and the pair moved down. In the event that the price continues to fall below 1.3103, we will face a support level at 1.3050. Although, if the price rises, we will follow 1.3152 as key resistance level again. Support : 1.3103 - 1.3050 – 1.296...

01 Aug 18 (Wed)

06:54 am

The US dollar rose against all major currencies after the news on the US plans tariffs of 25% on $200 billion in Chinese imports injected some uncertainty back into financial markets. The EURUSD pair could not sustain above 1.1720 and pulled back below that level. In the event that the...

01 Aug 18 (Wed)

06:46 am

The USDCHF pair showed a downward movement and dropped the 0.9877 support level yesterday. However, as long as the price stays above that level on a four hourly basis, we might see an upward movement. At this point, we will see 0.9928 as a resistance level again. On the other hand, if the price b...

31 Jul 18 (Tue)

10:07 am

The Brent Oil Price hit the daily resistance level of 75.57 and then pulled back yesterday. As long as the price stay below 75.57, on a daily basis, the rise may be limited and we will see 74.35 as a support level. On the other hand, if the price goes beyond 75,57, the next resistance level is ho...

31 Jul 18 (Tue)

09:59 am

The Gold selling pressure continues. In the event that the yellow metal’s price continues to fall, we will follow 1215 and 1207 as support levels. On the other hand, if the price moves up above 1219, we will face the key resistance level at 1225 again. Support : 1215 – 1207 - 1197 R...

31 Jul 18 (Tue)

07:51 am

The USDJPY showed an upward movement following BOJ's announcement about introducing more flexibility with bond operations and intending to keep very low rates for an extended period of time In the event that the rise continues above 111.28, we will see the daily resistance level of 11...

31 Jul 18 (Tue)

07:10 am

Ahead of Eurozone CPI Inflation, the EURUSD pair is now testing the 1.1720 key resistance level. In order for the rise to gain more momentum, it needs to go beyond 1.1720 and stay above that level on a four hourly basis. In this case, the next daily resistance level will be at 1.1812. Otherwise,...

31 Jul 18 (Tue)

07:02 am

The Gold price pulled back from the key resistance level of 1225 in the Asian Session. As long as the price stays below 1225, on a four hourly basis, the selling pressure may continue and we will follow 1215 and 1207 as support levels. On the other hand, if the yellow metal’s price goes beyond 1...

30 Jul 18 (Mon)

07:03 am

The BoJ Monetary Policy Decision will be announced on Tuesday. No change is expected in monetary policy while painting a slightly better picture of the economy. The BoJ Governor Haruhiko Kuroda will hold a press conference afterward to discuss the decision. His comments will be significant for th...

30 Jul 18 (Mon)

06:45 am

In the upcoming week, the BoE Interest Rate Decision will be the most important event from the UK. Investors expect a rate hike by 0.25% to 0.75% from 0.50%. We will focus on comments from Carney at the press conference for further clues on monetary policy. The GBPUSD pair showed a do...

30 Jul 18 (Mon)

06:22 am

The EURUSD pair closed last week above the daily support level of 1.1607. Watch out for the 1.1607 this week. As long as the price stays above that level, on a daily basis, the fall may be limited. In this case, we will face 1.1720 as a resistance level. On the other hand, if the price breaks dow...

30 Jul 18 (Mon)

06:18 am

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