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Risk appetite is mixed. China reopening rumors on the agenda. The dollar index remains firm because FED officials give speech about that the rate will be hiked. Also, the Covid protests in China lead to the increase in demand for Dollar. Today, US10-year treasury yield is around %3.71 while...

Lockdowns in China. Risk appetite is negative. In China, Covid cases are on the increase and new lockdowns are on the agenda. Yesterday, the daily record is broken again with the new more than 39.7K new Covid infections. Moreover, China PMI data will be followed closely on Wednesday. The...

With the dovish effects of the Fed, the rise of currencies against the dollar continues. China faces record covid-19 cases. The dollar index capped its decline after the Fed's meeting minutes were released. While some FED members think they will face higher interest rates, the majority of the...

New Zealand increases the interest rate 75bps and DXY softens ahead of the FED minutes. The Dollar Index softens and was last seen around 107.05 level. Still, risk off mood seems in the market because of rising Covid-19 infections in China. Today, the Reserve Bank of New Zealand (RBNZ) raised...

COVID cases and restrictions or lockdowns in several cities in China. This morning, the People's Bank of China (PBoC) hold its key lending rates unchanged at %3.65 while the five-year rate, a reference for mortgages, was maintained at %4.30. Still, the downward pressure on the yuan continue...

US2Y10 inversion increases, ECB will discuss balance sheet reduction in December meeting. The market seem silence today. The Dollar Index is trading around 106.40 level. Yesterday, the U.S. October retail sales came in stronger than expected at %1.30 MoM vs previously at %0.00. The data...

Japanese Economy shranked, China’s retail sales dropped. G20 Summit is in focus. The Japanese economy became narrow in Q3 by shrinking -%1.20, missing market consensus of a %1.10 growth annually because of global inflation pressure and a slump in the Japanese Yen. Also, China’s retail sales...

Risk appetite is mixed, G20 Summit is in focus. The dollar index (DXY) is trading around 107.00 level, rising slightly from near three-month lows after that FED's Waller warned investors against getting too optimistic over one inflation report. He also said that the central bank “still got a...

EURUSD Optimism returned the market after failing US inflation data. The DXY dropped sharply. The inflation may have really begin to turn around and FED thus start the slowing pace of tightening. However, ECB said risks to the economic growth outlook are “clearly on the downside, especially in...

You can make profit and loss calculations in the forex market only by knowing pip. The term pip is actually an abbreviation of Point In Percentage, meaning the smallest unit of the exchange rate in large financial markets such as Forex. Not knowing the concept of pip is definitely associated...

DXY turns back, US inflation will be released today. The results of Mid-term election will be followed. Binance backed out of its plans to acquire FTX. The Dollar Index (DXY) is trading around 110.00 level. Investors are looking ahead to a key US inflation report while constantly following...

China inflation decreased more than expected. The results of Mid-term election will be followed. In the U.S. the mid-term election results are followed closely with markets betting on Republicans to take back the House and create a gridlock in Washington. If so, Republicans looks to win back...

Yesterday, the markets are generally silence. The Dollar Index is falling, but US treasury yields are rising firmly. The 10-year US treasury bond yield is trading around %4.22 and US 2-year yield is hovering at %4.72. Additionally, there is speculation that FED will ease the pace of...

Last week, Central Banks continued to make rate hikes. FED increased its funding rate by 75bps to the range of %3.75 - %4.00. Also, BoE raised its policy rate to %3.00 by a 75bps rate hike as widely expected. It is the first Jumbo hike since 1989. However, the BoE officials revised the UK...

Hawkish FED on the stage. BoE policy decision will be followed. FED hiked federal funds rate to %3.75-%4.00 with a 75bps rate hike as widely expected. In other words, FED continue to hike rates aggressively. However, the statement suggested policymakers would soon slow the pace of Quantitative...

PMIs will be the key data, +25bps from RBA this morning. This morning, Australia Central Bank (RBA) increased the cash rate by 25bps from %2.65 to %2.85. This is the seventh straight rate hike and the level have not seen since April 2013. Inflation in Australia is on the increase and RBA thus...

China PMI drops, FED & BoE’s decision will be announced. This morning, manufacturing related data published in China. The October official services PMI falls to 48.7 vs 50.6 in September. Also, the October official manufacturing PMI drops at 49.2 (Reuters poll 50.0) vs 50.1 in September...

DXY recovers, Japan keeps the policy rate unchanged The dollar Index is recovering because the US Gross Domestic Product (GDP) report showed the strength of the US economy. In other words, US Economy grew %2.6 YoY in the three months to September, better than anticipated. Also, European...

DXY softens, US treasury market mood is mixed. In UK, the leader will be elected this week. Xi Jinping was elected for a record third time five-year term. The dollar Index continue to decline because weakness economic data would provide FED to slow down the tightening pace sooner than earlier...

The age of yellow metal in history More than 5000 years have passed since the discovery of yellow metal. Its use as money began in ancient Egypt around 3200 BC. Thus, it played a role in the Gold Age trade, with bullion drawn to equal lengths at the mints. Today, gold still retains its...