Market Notes


Last week, the USDJPY pair jumped back up and closed the week above the 109.75 support level. As long as the pair remains stable above 109.75, the downward move may be limited and we will face 110.50 and 111.90 as resistance level. On the other hand, if the price falls below 109.75 again, the nex...

12 Jun 17 (Mon)

06:30 am

We watched ECB Interest Rate Decision and Press Conference last Thursday, ECB left main refinancing rate unchanged at 0.00 % and kept asset purchases of €60 bln until December 2017 as expected. This week, all eyes will be on the FOMC Interest Rate decision on June 14. Between two significant...

12 Jun 17 (Mon)

06:27 am

The AUDUSD pair showed a profit taking action and has moved down slightly below the daily resistance level of 0.7583. As long as the pair remains stable below that level, the pullbacks may continue and we will follow support levels at 0.7496 and 0.7477. On the other hand, if the pair goes beyond...

09 Jun 17 (Fri)

01:05 pm

The NZDUSD pair found buyers from the 0.6844 daily support level and it has been rising for four weeks. The pair is moving towards the 0.7236 major resistance level. In order for the upward trend to continue, it needs to go beyond the 0.7236 and remain above that level. In this case the next resi...

09 Jun 17 (Fri)

12:25 pm

The U.S. Oil price has been falling for three weeks and it is trading below the 45.95 major resistance level. As long as the price remains stable below 45.95 on a Daily basis, the downward move may continue and we will face 45.25 and 44.30 as support levels. On the other hand, if the price goes b...

09 Jun 17 (Fri)

11:44 am

We focused ECB Interest Rate Decision and Press Conference yestarday; ECB left main refinancing rate unchanged at 0.00 % and kept asset purchases of €60 bln until December 2017 as expected. However, after Press Conference, the EURUSD is dropped below the major level of 1.1220. In the event t...

09 Jun 17 (Fri)

08:27 am

In U.K. Election, the Conservative Party has won the most seats however Teresa May have failed to win an overall majority. After political turmoil, the GBPUSD pair dipped sharply to the 1.2685 key support level. If the pair breaks below 1.2685, the next support level will be at 1.2580. On the oth...

09 Jun 17 (Fri)

08:13 am

Gold price showed a profit taking action and dropped to the major support level of 1273 yesterday. However, as long as the price sustains above 1273 on a daily basis, the pullbacks may be limited. At this point, we will follow 1286 and 1294 again as resistance levels. On the other hand, if the pr...

09 Jun 17 (Fri)

07:59 am

Gold price showed a profit taking action yesterday and it is now trading above the 1286 support level. If the price rises above 1286, we will watch resistance levels at 1294 and 1304 again. On the other hand, if the price falls below 1286, the next support level will be at 1273. However, as long...

08 Jun 17 (Thu)

07:49 am

The USDJPY currency showed an upward move yesterday but it could not retain the value and pullbacked below 109.75 again. If the pair remains stable below the 109.75 key resistance level, the bearish action may accelerate and we will face 108.90 and 107.90 as support levels. On the other hand, if...

08 Jun 17 (Thu)

07:11 am

All eyes will be on General Election in U.K. today. we may see some fluctuation in market. The GBPUSD pair is moving up towards the 1.2985 resistance level. In the event that the price rises above 1.2985, the next resistance level will be at 1.3050. On the other hand, if the pair shows a downward...

08 Jun 17 (Thu)

07:06 am

Ahead of the ECB monetary policy announcement and Governor Draghi’s statements, the EURUSD is trading above the main support level of 1.1220. In the event that the positive view continues behind the Euro, we will watch resistance levels at 1.1295 and 1.1365. On the other hand, if the price...

08 Jun 17 (Thu)

06:43 am

The EURTRY currency found buyers from the 3.9442 support level intraday and it is moving up towards 3.9900. In order for the bullish action to accelerate, it needs to go beyond 3.9900 and remain above that level. At this point, the next resistance level will be at 4.0674. Otherwise, we will face...

07 Jun 17 (Wed)

02:28 pm

In Turkey, CPI inflation was the main market mover of this week on Monday. CPI was released for May 11.72% which was better than expected for Turkey in y-o-y terms. Moreover, the USDTRY currency is testing the 3.5280 support level. As long as the pair sustains above that level, we think the dolla...

07 Jun 17 (Wed)

02:26 pm

Ahead of the Crude oil stocks data, the U.S. Oil price is trading just below the 48.15 key support level. As long as the price sustains below 48.15, the upward move may be limited and we will face 47.15 and 46.60 as support levels. On the other hand, if the price goes beyond 48.15, the next resis...

07 Jun 17 (Wed)

10:37 am

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