The dollar is strong in international markets. There is a dollar index above the 102 level this week. I will continue to follow the dollar index's $101.80 - $102.80 range. Another important development this week that closely concerns the dollar and dollar assets is that inflation data in the United States will be announced on Thursday. Inflation data, which is announced in the second week of each month, is a very important data for global markets. Inflation figures to be announced on Thursday are expected to be low. An optimistic expectation awaits. That's why the FED has an interest rate decision at the end of January. What signals we will receive on this side will be determined more clearly on Thursday.
Euro - Dollar parity is at 1.0968 level. I will follow the 1.09 level as the bottom level. I will follow the 1.11 resistance above this week. The band range I will follow in the euro - dollar parity this week is 1.09 - 1.11. I would like to point out that as long as the euro - dollar parity remains below the 1.10 level, it continues to remain cheap in my opinion.
An ounce of gold is currently at the level of 2032 dollars. Today, it fell to 2017 dollar levels during the day and recovered again. This week, I will be following the 2020 - 2070 dollar range on the ounce gold side. As the 2020 dollar level is tested below, there is now 2070 resistance above. I will continue to follow the $2070 resistance after the inflation data in the United States is announced on Thursday. The declines in gold and silver prices this week in the Euro - Dollar parity and the sterling - dollar parity offer a buying opportunity. It is useful to see this as a buying opportunity. Even though ounce gold declined or tested those support levels today, it still started its upward movements and started reaction buying. These declines and this stable situation are not very permanent. I think that the calmness or retreat in gold and silver prices this week should be turned into opportunities.
The ounce price of silver is $23.16. I mentioned the $22.80 support level. The $22.80 support level worked. Now Target is at $24. I will continue to closely monitor the $24 resistance on the ounce silver side. In the continuation of this, one ounce of silver, targeting 26 dollars in the first quarter of the year, will continue to be in front of us.
Oil prices started the week with a sharp decline. There is currently a 3.60% depreciation at $76. Oil prices continue to hover around the 75-80 dollar range. I especially do not predict that the decline in oil prices will be permanent. The developments in the Red Sea are important here. America's moves, especially by its warplanes, are important here. Iran's statements are important here. That's why I would like to express that I will see the decline in oil prices as a buying opportunity. It will again be priced fluctuating between 75 and 80 dollars.
The imbalance in the cryptocurrency market still continues. There is a search for direction here. But serious uncertainty continues to arise. You see there are 2% losses, the next you see there are 2% increases. There is currently one Bitcoin at $45000. There is a 2.2% increase in value. It ends the day with a 2% increase in value on a daily basis. However, these increases on the bitcoin side are unlikely to be permanent. Since uncertainty remains, it is useful to focus on broadband range.
The dollar index is currently at $102. I will continue to watch the $101.80 support level. Above is the resistance level at 102.80. Upward movements in the dollar index and movements above the 102 level continue to present a selling opportunity. This week will be a mixed week overall. It is necessary to distinguish between the process until Thursday and the processes after Thursday.
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