EURUSD
The European Central Bank increased the interest rate by 50 basis points in line with the expectations. In the text, it was stated that interest rates should increase steadily and seriously. In his speech after the interest rate decision, European Central Bank President Lagarde gave the message that they are considering increasing the interest rates by 50 basis points in March. The number of first-time jobless applicants in the US fell to 183,000 in the week ending January 28. Contrary to the Fed, after the ECB, which gave hawkish messages, a pullback was followed in the parity. In the parity where high momentum is seen, the non-farm employment figure to be announced today will have an impact on pricing.
Technical Analysis
| Support & Resistance | Level |
|---|---|
| Resistance 3 | 1.1147 |
| Resistance 2 | 1.1089 |
| Resistance 1 | 1.0999 |
| Support 1 | 1.0852 |
| Support 2 | 1.0795 |
| Support 3 | 1.0705 |
Daily Pivot Levels
GBPUSD
In the decision text of the BoE's Monetary Policy Committee, it was noted that the UK economy is expected to enter a recession this year, but this recession is expected to last shorter than previously predicted. In the statement, it was stated that the inflation in the country, which started to decline after seeing the highest levels of the last 41 years as of the last quarter of last year, is expected to continue its downward trend this year as well. The GBP/USD pair is priced at 1.2222 as of this morning.
Technical Analysis
| Support & Resistance | Level |
|---|---|
| Resistance 3 | 1,2521 |
| Resistance 2 | 1,2461 |
| Resistance 1 | 1,2343 |
| Support 1 | 1,2164 |
| Support 2 | 1,2103 |
| Support 3 | 1,1985 |
Daily Pivot Levels
XAUUSD
It was an important week for global markets. It was the week of central banks and the interest rate decisions of the US-Europe-England Central Banks were followed. While the Fed acted in line with expectations, it gave signals that a decrease in inflation had begun. It has also given the market the perception that they will not be as aggressive as last year. Yesterday, the European Central Bank (ECB) had an interest rate decision. The ECB increased interest rates by 50 basis points in its decision yesterday. While signaling that they will increase interest rates until a convincing decrease in inflation is observed, he underlined that there is a 50 basis point probability in the March meeting. Today is US employment day, data-driven action can be expected
Technical Analysis
| Support & Resistance | Level |
|---|---|
| Resistance 3 | 1992 |
| Resistance 2 | 1976 |
| Resistance 1 | 1944 |
| Support 1 | 1896 |
| Support 2 | 1879 |
| Support 3 | 1847 |
Daily Pivot Levels
BRENT OIL
Oil prices continue their horizontal course on the new day. This week, the central banks' interest rate decisions affected the course of the markets. The continuation of the loose course in the Fed-sourced dollar was positive for oil. The increase in weekly oil inventories announced by the API and DOE during the week was interpreted as a limited negative for oil. There is talk of new sanctions against Russia. It is a matter of curiosity how this will affect the oil market and the demand side in the coming period. Developments in China are followed in terms of the course of oil prices. There were no developments that could create serious volatility in oil for this week. Today is employment day in the USA. Data-based movement can be experienced.
S&P500
US stock markets were mixed yesterday. While increases were observed in the technology and industry sectors, a decrease was observed in the energy, raw materials and health sectors. The Dow Jones index fell 0.11%, while the S&P 500 index gained 1.47% and the NASDAQ index gained 3.25%. Yesterday, Apple, Amazon and Alphabet's statement of balance sheets pointing to the contraction in demand increased volatility in global markets. US, European and Asian futures are mixed on the new day. Today, US employment data will be followed in the markets. In the US non-farm payrolls data, a slight decline in net employment and a moderate increase in wages are expected.
