kahinistanbul's Blog
EURusd overview
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…
EURusd overview
The uncertainty in the German political arena still remains to be resolved, despite the positive statements from ECB officials recently, but continues to exert pressure on euro assets. In addition, concerns about the financial policies of economically troubled countries such as Italy and Spain are among the factors that create unease on the market side. On the US side, President Donald Trump-axis events, including developments in trade wars especially with China and the EU, have a wide repercuss…
EURusd overview
Comments from European Central Bank(ECB) officials continue to be effective on the pair side. Finally, the President of the Central Bank of Lithuania's speech that quantitative monetary expansion should not continue after December has led to upward attacks on the currency side despite recent political uncertainties in Germany. On the US side, the new home sales data we have followed yesterday is above expectations, while developments in trade wars are closely monitored. The latest US President D…
GBPusd overview
Recent reports on Ireland have put pressure on sterling assets. In particular, it was important to mention that Michael Barnier, the chief negotiator of the European Union Brexit yesterday, had to respect the Common Market and Customs Union integrity of the UK's proposal on the Irish border. On the other hand, following the statements of the British Minister of Finance Philip Hammond today, he pointed out that Britain is not a normal country like Liechtenstein and that it wants a special partner…
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
The US data was followed yesterday, while Easter holidays starting on Friday caused shallow prices on the parite side. The manufacturing Purchasing Managers Index (PMI), which was announced by the resource management Institute (ISM), did not meet market expectations with 59.3 and 60.1. The manufacturing PMI data announced by Markit was also below expectations. On the other hand, trade wars between the United States and China continue to intensify. In the euro zone, the outcome of the coalition t…