Data showed on Tuesday that Turkish industrial production increased 2.5 percent year-on-year in October, much larger than expected, continuing its year-on-year growth for the 28th month. Data from the Turkish Statistical Institute showed that industrial output also rose 2.4 percent from September on a seasonally adjusted basis.
Read More »Japan’s Nikkei records its highest level in two weeks ahead of US inflation data
Japan’s Nikkei rose on Tuesday, briefly crossing the 28,000-point mark for the second time this month, as investors prepare for US inflation data and the Federal Reserve’s monetary policy decision. The Nikkei closed up 0.4 percent at 27954.85, after reaching its highest level since December 1st at 28116.56, but then …
Read More »Dow Jones repeat chances of rising 13/12/2022
Oil, Crude, trading
Read More »CAD looking for extra momentum 13/12/2022
Trading tended to be positive during the previous trading session, but within a narrow range between 1.3620 and 1.3680. Technically, we tend to be positive, but with caution, relying on the positive impulse coming from the 50-day simple moving average, stimulated by the clear positive signs on the RSI. Activating …
Read More »GBP: retesting support 13/12/2022
Oil, Crude, trading
Read More »Oil: trying positively 13/12/2022
US crude oil futures prices jumped to achieve the required intraday rise during the previous analysis within retesting 72.50, to reverse the expected bearish trend yesterday, recording a high of 74.20 during the early trading of the current session. On the technical side today, the simple moving averages are still …
Read More »Gold is waiting for a stronger signal 13/12/2022
Trading tended to be negative within a narrow path that dominated gold’s movements with the beginning of this week’s trading. As a reminder, we preferred to monitor the price behavior, explaining that we are waiting for a direction confirmation signal. Technically, and by looking at the 240-minute chart, we notice …
Read More »Euro is in a sideways range and is waiting for pending orders 13/12/2022
Narrow sideways movements dominated the performance of the EUR/USD pair. As a reminder, we preferred to monitor the pair’s price behavior during the previous report due to conflicting technical signals, explaining that we are waiting for the pending orders to be activated until we get a stronger trend. Technically, we …
Read More »Turkey’s high unemployment key challenge to Erdogan in presidential elections
Data on Monday showed that Turkey’s unemployment rate rose to 10.2 percent in October, posing a potential challenge to President Recep Tayyip Erdogan’s hopes of re-election next year, even as inflation trended lower and the currency remained broadly stable. Economic growth is also expected to remain subdued ahead of presidential …
Read More »The dollar fell as inflationary pressures persisted
The dollar fell on Monday, but data released at the end of last week showing wholesale price inflation in the United States rose more than expected in November capped losses, reinforcing the possibility that the Federal Reserve will keep interest rates high for a longer period. The US currency recorded …
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