My Thoughts on Current Markets-61


In international markets, the dollar index had tested above the 102 level. The dollar index declined again. In other words, last week we left behind a week in which the dollar increased in value in international markets.

Euro - Dollar parity closed at 1.0938. Euro - Dollar parity continues to offer opportunities for medium and long-term investors. When the dollar index rose to 102 again, the Euro - Dollar parity started at 1.11. It completed this downward trend at one point. An upward trend awaits us, which will continue these increases throughout the year until the level of 1.11 - 1.12 - 1.15, which is now above the 1.10 level in the euro - dollar parity. If the investor holding dollars still has the opportunity to buy euros, I would like to state that the Euro - Dollar parity remains low again at 1.0938.

Ounce gold closed at 2043 dollars. With this rapid rise in the dollar index, the 2030 dollar support level was broken. It closed the week at $2043 with an upward movement again. Technically, we will continue to follow the 2030 - 2070 dollar range. The declines are not permanent. The target is 2150 dollars per ounce. It will be important for those who follow the ounce gold side to evaluate the declines as a buying opportunity.

An ounce of silver is at $23.17. The $22.80 support level worked. I expressed that I expected a quick response from here again. After the resistance level above 23.20 is broken upwards, we have a silver ounce price that will break the 24 dollar resistance target upwards.

Oil prices continue to hover around the $75,880 range and are now $78.92, completing the week with a 1.56% increase in value. I continue to expect attacks above the $80 level here. But in the short term, we observe that it is stuck between 75 - 80 dollars again.

Uncertainty continues in cryptocurrencies. Bitcoin closed at $44,016. It is stuck in the $40000 - $45000 range. It still continues its efforts to balance and find direction in this band range. I think the pressure here will still continue. I had previously suggested that you follow the $38000 - $48000 range on the bitcoin side. This suggestion is still valid. I continue to follow the $ 38000 - 48000 range on the bitcoin side.

Economic data will be important in the coming weeks. However, I personally think that we need to be a little more prepared for geopolitical tensions. There was a terrorist attack in Iran last week. There were nearly 200 dead and many more injured. While statements that will escalate new geopolitical tensions in Iran continue to come after this terrorist attack, my expectation is that we need to be prepared for geopolitical tensions, war risks or news flows between North Korea and South Korea from the Asian side. These geopolitical tensions support Gold prices the most in commodity prices. Therefore, as gold prices continue to find support from geopolitical tension, we will continue to closely follow a process in which geopolitical risks will be discussed in global markets.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

 

How do you rate this article?

23



Cryptocurrencies and Stocks Articles
Cryptocurrencies and Stocks Articles

In this section, I will have articles about the stock market and cryptocurrencies.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.