We are on the third day of the Palestine-Israeli War and there is serious tension and uncertainty in the markets. You should not open a short-term position. But how should investors behave in this environment? Which investment instruments would be more advantageous? Who will be the winner and loser of this war? There are also new developments regarding mass migration. We will look at the answers to these questions.
Euro Dollar parity was at 1.0616 yesterday. A reaction may be possible up to 1.0650 - 1.07 level. Because I stated that I expected a decline in the dollar index. Currently, it continues to try to hold on above the 1.06 level. It rose up to 1.0620 during the day yesterday. Let's see, there is a strong resistance level at 1.0650. I will continue to follow if this place will break upwards.
On the ounce gold side, it was at the level of 1861 Dollars as of yesterday. The resistance level I follow for this week in ounce gold is $1880. Yesterday it rose to the level of 1861 dollars - 1865 dollars. I will be watching the $1880 resistance for this week. Then I will follow the inflation data in America on Thursday. It will either break above the $1880 level and rise to the $1920 level, or it will decline from $1880 to $1830 again. Since the answer to this question is 50%, we still have an ounce of gold lying around. However, despite such a high risk of war in ounce gold, we have not seen such an aggressive rise. We saw a limited and weak rise. It was at the level of 1833 dollars, it rose to 1865 and there was an increase of 25 - 30 dollars. This is not a tremendous rise. However, the involvement of other countries may of course bring more aggressive escalations to this war environment. This time we will talk about the 1900 - 1950 dollar range. Currently, gold investors in global markets continue to wait on the sidelines. We will wait and see where the process will evolve and how long it will continue. While natural disasters are happening and therefore different floods, earthquakes are happening due to climate change, wars etc., the markets actually clearly show us how soulless people are against natural disasters and deaths in this world environment. Let's see if the 1880 resistance will be broken and go to 1920 dollars or will it come back from 1880 dollars and drop to 1830 dollars again. But either way, in my opinion, ounces of gold still remain low despite all these economic crises, despite all these war risks, despite all these deep economic uncertainties.
On the Silver side, there is a level of $21.87. I continue to follow the 22.50 resistance. Again, it was stuck in the narrow band gap. It will set a new direction for itself after the announced inflation data in America. Ounce silver continues to remain cheap. This war environment did not significantly support commodity prices. Yes, he supported it, but he did not support it seriously. It still remains cheap.
Brent Oil was at the level of 88 dollars yesterday. There is a very wide band gap and instability in oil prices. It continues to hover in the $86 - $89 range. Here, $90 is determined as the red line. It continues its effort to balance in the range of 85 - 90 Dollars. Let's see where the process goes. Will different countries experience different tensions in this war environment? I continue to follow this place closely.
We left behind a day of sellers in crypto currencies yesterday. It was at $27406 yesterday. There is a decrease and loss of value of 062 dollars. The horizontal suppression process here still continues.
The dollar index was at $105.42 yesterday. There is a horizontal process here too. Here it hovers around the $105 - $106 range. It will set a new direction for itself after the inflation data in America.
Of course, there were statements by the FED president and FED members again this week. They continue to make statements in Şahin tone. Again, we observe that interest rate increase requests continue. That's why global markets are going through a period of serious uncertainty. But when we look at the general picture, we keep our eyes and ears on the news flows coming from the Middle East. Because this can evolve into different processes. Different countries may be involved in this process. If different countries are involved in this process, the USA, Europe, China, North Korea, Russia and Syria, if all these countries continue to threaten each other to share their trump card here, which America has sent its warship to that region right now. If different tensions occur here, this time the markets will become confused and a complete geopolitical risk pricing, war pricing, will begin in global markets. The world now leaves global financial markets aside. He will be in trouble and there will be a strong possibility that mass migrations will continue intensively.
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