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Euro assets, which have been under pressure by the IMF in the past few days following warnings about Greece's economic situation, continued to lose with the fact that the production PMI figures we followed from Europe yesterday remained below expectations. The Fed / FOMC decisions were followed in the evening, while the manufacturing PMIs from the United States were also showing in reality below the forecast. The agency has made any changes in interest rates in parallel with market recommendatio…
Blog de la Communauté FX
EURusd overview
With the expectations of the inflation figures we followed from the United States yesterday, the demand for us 2 and 10-year bond interest rate has had a positive impact on dollar assets. On the other hand, the Fed's policies will support the country's economy for another three years, while the FED's President, Jerome Powell, underscored that the economy is in a very good position. It was also striking that Powell stated that growth would slow down if trade wars increased, and that there could b…
EURusd overview
Remarks from European Central bank officials and Italian Economy Minister Giovanni Tria over the past week have led to volatile movements on the parite side. In his speech on monetary expansion and interest rates, Mario Draghi, the Head of the European Central Bank, who first made accurate statements earlier in the week, put pressure on Euro assets to sell. In addition, the Austrian Central Bank President and ECB Board Member Ewald Nowotny, the French Central Bank President and ECB Board Member …
Brent oil
The announcements before the OPEC meeting in Vienna today continue at Full Speed. Ecuador's Oil Minister Carlos Perez said the global supply agreement is already approaching. OPEC and its partners, as claimed, do not expect them to take a decision to increase daily oil production by 1 million barrels Perez, 600 thousand barrels per day of production seems more likely to increase. The Nigerian petroleum minister said he hoped a consensus would be made today on the production decision, while he ho…
EURusd overview
Today, the Economic Sentiment of ZEW, which measures investors ' stability, is worse than expectations for Germany with -116.1, while the euro zone Economic Sentiment data is well below the expected figures in the market with -116.6. Especially recently, this fluctuating negative picture of the German economy is causing pressure on euro assets. South Korean President Lee Myung-bak vowed Thursday to boost troops on a South Korean island near the countries ' disputed maritime border, setting build…
EURUSD overview
The European Central Bank (ECB) has recently announced that after significant announcements from officials about the bond buying program, expectations that the Bank may take significant steps towards the purchase of assets at the next meeting are causing positive prices on euro assets. On the other hand, Italy and Spain are currently supporting the euro side in positive news from the political arena. However, developments from countries should be closely monitored. On the US side, while tensions…
EURusd overview
Yesterday, while monitoring the complex data from Europe, President Giuseppe Conte drew attention to the positive statements of the Government formed by two parties known as populist discourses in Italy. On the other hand, the uncertainties in Spain's political arena are followed, while expectations for this month's meeting of the European Central Bank are very important in terms of pricing. The latest claim on this subject is that at the June meeting, the ECB may not announce the expiry date of…
EURUSD overview
In April, as announced in the euro zone today, retail sales fell below expectations, while the country's service Purchasing Managers Index fell below expectations. When we look at the PMI figures from Germany, it was explained in parallel with the forecasts in general. After bad data from the region during the day, the pair retreated on the side. In Italy, on the other hand, while the coalition government formed by two parties known as populist rhetoric was expected to vote on confidence, the jo…
EURusd overview
In Italy, the coalition talks, which have remained uncertain for days, reached a happy end. Last Friday, the 5-star movement and the Northern League Parties, which reached an agreement on the new cabinet, formed the new government under the leadership of Giuseppe Conte. Although the parties ' agreement on the coalition eliminates political uncertainty, the steps that these two parties will take in the future will be critical, known for their anti-EU and populist rhetoric. In Spain, the other pro…
Brent oil
Iran, the third largest oil producer of OPEC after Saudi Arabia and Iraq, intensified its efforts to protect itself against US sanctions and sent a letter to the members of OPEC by Iranian Minister of Finance Bijen Zengen, demanding support under the second article of the OPEC Charter. Article 2 emphasizes the protection of the interests of the Member States individually and collectively. He also signaled that he has not yet reached an agreement with Saudi Arabia on the possible need to increase…