Humans need stimuli for growth and development. Progress requires goal setting. By setting goals, motivations are created. These stimuli and emotions move us.
In fact, motivation expresses the amount of energy, seriousness, enthusiasm and perseverance to reach a specific goal. What is your...
Weak PMI data, UK U-turns on tax plans and RBA rate decision
The dollar index softens because of weaker US data. ISM manufacturing for September decreased more than expected to 50.9 from 52.8. Also, UK Chancellor Kwasi U-turns on plans to scrap %45 tax rate on income above £150.000. Then, gilts...
Last week, we saw unprecedented volatility for the British pound following the presentation of the highly controversial mini-budget. The pound was driving in a new all-time low of 1.0340 at the beginning of the week, but the parity became reversed its direction and regained at 1.1200 early...
Yesterday, the Dollar Index (DXY) widened its appreciation in European session. Then, DXY hit a record high of 114.78. Yet, after Wall Street's opening it retreats towards 112.60 level. Thus, the sentiment in the market turns positive mode and major currencies take breath in the least. Besides...
Yesterday, the FED raised the interest rate by 75bps as expected and the forecast for the end of year updated %4.4. FED chair Powell said there is no painless way to get inflation down. According to projections, the benchmark interest rate would reach %4.6 in 2023, speeding up its fight against...
Daily analysis 28.09.2022
*EURUSD*
In Euro area, things are not going well. A little while ago, German Gfk Confidence Index released, and the data dropped to a new all time low -42.5 from -36.8 in September. Since the consumers spend more money for energy, they could reserve less money to make...
Daily analysis 28.09.2022
The dollar index (DXY) is still on the increase because FED is set to continue with its hawkish approach. In the Asia session, DXY touched the 114.70 levels, pushing major pairs down. In other words, FED projects higher rates for the longer set to keep the dollar bid...
Behavioral economists believe that all price changes are influenced by the psychology of traders. Therefore, emotions can be the main driver of prices. Therefore, happiness and excitement, greed, optimism, pessimism, stress, worry, trust, etc. are the most important key factors in currency...
*EURUSD*
Yesterday, EUR/USD depreciated dramatically to 20-year low level of 0.9550. Since ultra-hawkish FED and energy crisis keeps sellers hold, the parity continues to weaken. On the other hand, ECB's Lagarde made hawkish comments gave some support to the parity for a while before US...
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What is the first step to making a profit?
If you want to make a profit, the first step is to know market analysis. There are two types of analysis for capital market and money market analysis. Fundamental analysis and technical analysis. Fundamental analysis is the examination of macroeconomic...
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