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the first fed/FOMC meeting of 2018 was held in the week we were busy in terms of Eri and news flow. As expected, the FED announced that the economy supports gradual interest rates while not making any changes in interest rates. Inflation, however, is expected to rise this year, in the medium term, around 2 percent of stability is declared to win. Looking at the country's data released last week, non-agricultural employment, ADP non-agricultural employment, Conference Board Consumer Confidence, t…
kahinistanbul's Blog
Oil general expectation.
China's leading oil companies, Sinopec'den; in 2017, the largest importer of China's position, increased by 10.1 percent last year, 420 million tons(approximately 3 billion 90 million barrels) was announced to purchase. Oil prices are expected between 50 and 70 dollars for 2018, the country's oil demand is expected to increase by 3 percent. On the other hand, US Secretary of state Rex Tillerson said that there could be a military coup in Venezuela, the world's largest oil reserves. Baker Hughes …
USDjpy general analysis
USDJPY's decline in BOJ's super-bond purchase has made the yen valuable, while the USDJPY parities retreated up to 112.25 support. If we look at the dollar wing, both on the bond side and on the dollar index front, The direction is up. For this reason, adhesion on 112.25 is technically important.
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.
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 is testing 1.20 main resistance as it exceeds its previous peak. The pair has recently moved away from the US-Germany interest spread and its main source may be seen as dollar-based. Despite interest movements, the weakness of the dollar may also be considered as a return to the post-fed trend, but the political steps are effective in the dollar negative Movement as well as in the post-tax reform.