Today Mario Draghi, President of the European Central Bank, said that they needed monetary expansion and that they needed to be patient for the first interest rate hike. On the other hand, the failure of German coalition partners to agree on the issue of immigrants is one of the key issues that put pressure on euro assets as well as the question of whether the coalition is deteriorating on the market side. In addition, economically problematic countries such as Italy and Spain are among the factors that pose a problem to the European side. On the U.S. side, while there is no extra official explanation for trade wars with China, some media outlets point out speculation that the Trump administration will not be comfortable with additional tax. If the new additional customs duties are applied, future statements should be carefully monitored as they may further increase tensions between the two countries. Today, in the country's economic calendar, Housing Starts were recorded as the best data of the last 11 years, while the following housing sales could not meet expectations.Technically speaking, prices are currently below 1.1580 support level, and if they remain below this level, the rising trend line (approximately 1.1510 to 1.1485) that we have followed since the beginning of 2017 may become a target. Resistance levels are 1.1610, 1.1655 and 1.1685.
Translate to Inglese Show original