We are leaving behind a week of intense information flow. The US central bank has announced the Fed's interest rate decision. The European central bank announced its decision to increase interest rates by 25 basis points. After the US central bank announced the Fed's interest rate decision, I explained that there was no interaction in the pricing, but that we had to be prepared for a new pricing during the FED Chairman Powell's announcement process. Technically, I stated that I expected a decline in all assets against the dollar, so this decline also offered a buying opportunity to medium and long-term investors. Our expectations came true, so we saw a technical decline in all assets against the dollar. The messages of the European central bank were particularly striking. Because there are some distortions on this side. After the Fed, the ECB also increased the interest rate by 25 basis points, while the increase in the possibility of skipping for the next meeting supported the European stock markets. On the other hand, after the strong second-quarter growth data in the USA, the US ten-year bond yield exceeded 4%, causing pressure on the stock markets. US indices closed the day with 0.5%-0.7% depreciation. With both the US data and the ECB meeting, the EURUSD parity fell sharply and fell below 1.10. Today, the PCE deflator (including the core) June data, which is closely followed by the Fed, as well as personal incomes and expenditures, June data, and German inflation figures will be important. Looking at this morning, US futures are in the positive territory. On the other hand, the Bank's taking steps to make its yield curve control policy more flexible at today's Bank of Japan meeting is putting pressure on Japanese indices. The yen is also getting stronger.
Yesterday, Euro-Dollar parity declined to the level of 1.0983. 1.0950 is the support level. I look forward to recovery from here. Today, I can say that there are opportunities to buy Euros on the parity. Again, 1.12 and 1.1350, our expectation continues until the end of the year, until the level of 1.15. There is no distortion here.
Ounce Gold After the FED decision was announced, we saw an upward attack up to the 1972 dollar level, but don't be fooled, these prices will come back. Because after the FED interest rate decision, a new pricing will occur. Especially yesterday, we saw that ounce of gold regressed to the level of 1942. Previously, there was a fake bullish scam up to the 1982 level. We will see an upside attack next week. I expect this uptrend to continue until the 1968 level. Then, the 1980 dollar level will continue to be in the resistance position above the 2040 and 2050 dollar levels. I expect attacks above the $2000 level in the coming weeks. I think it is necessary to turn these decreases in ounce gold into an opportunity.
There was a rise to the level of 25 dollars an ounce of silver. But I stated that I foresee a regression to the level of $ 23.80. Take your time, there will be falls. I don't buy at these levels. The ounce price of silver fell to the level of $ 24.04 yesterday. I will follow the $23.80 level today. These levels are suitable for silver. One ounce of silver, which is targeting the $26 level again quickly, will be in front of us in the coming weeks. In the coming months, before the end of the year, we will talk about 28 and 30 dollars.
Brent oil finished the day with an increase of $ 83.60 yesterday. There is a 1.15% increase in value. On the oil side, I do not anticipate that the rises will be permanent.
Bitcoin continues to decline. But be prepared to see $32000 levels within 1-2 weeks in the very near future. This should not come as a surprise or surprise to you. Do not think that these levels are flying away when you see them. The printing continues.
The 102 dollar level can be tested in the dollar index.
After passing the 1.30 level in the Sterling-Dollar parity, it came back to the 1.2822 level from here. I continue to wait for 1.32 and 1.33 level in Sterling-Dollar parity. Those who want to invest in sterling should evaluate it. I don't expect numbers below 1.28 level.
Powell, the head of the US central bank Fed, left the markets on a razor's edge. It continues to manipulate the markets with its discourse power. Central banks can suppress the assets they want as they wish. That's why they don't allow cryptocurrencies, gold, silver to rise. They do this on purpose and on purpose. Therefore, this suppression continues in all instruments against the dollar.
My opinions are not investment advice. Please do your own research.
