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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 …
kahinistanbul's Blog
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
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
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…
EURUSD overview
The rate of employment and staff change (JOLTS) estimated at 5 million 950,000 in the U.S. yesterday was announced at 5 million 811,000 in December. 5 million 879 thousand realized in November data was revised as 5 million 978 thousand. The country's trade balance, with a deficit of 53 billion 100 million, suffered the worst realization of the last 9 years. On the other hand, St.“Recent employment market data may not be a signal to accelerate inflation,” said James Bullard, President of the Fed.…
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 …
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, …
EURUSD parity overview
EURUSD has returned from 1.2070 resistance, limiting the demand for rising after US employment data we received last week. The positive point in the data content is that the rise in prices is at 0.3%, which brings up us interest rates, and the return of parity. The funds continue to increase their Euro long contracts. In the option market, risk appetite is downwards
NFP, AHEAD, EU CPI
The USD fell against most g-10 currencies, excluding the JPY, as global markets continued to drop on Wednesday. In US markets, heavy winter conditions that hit the country's Northeast have an impact on the operations. Today's announcement of the ADP as 250K above expectations, ahead of the NFP to be announced, has reduced global losses. Try was the em currency that gained the most by 0.9% gain against the USD. The negative impact of the market has not been permanent since Halkbank Gmy Hakan Atti…
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