My Thoughts on Current Markets-70


Euro - dollar parity retreated a little further to 1.0944 level. We may see the 1.09 support level in the euro - dollar parity again this week. This offers medium and long-term investors a repurchase opportunity.

An ounce of gold is at the 2051 dollar level. Today, transactions were made between 2045 - 2058 dollars during the day. On the ounce gold side, there is a support level of $2038. This week, I will follow the $2038 level as a support level. There will be a quick reversal and I will be watching the 2070 resistance above. So, the band range I follow on the ounce gold side for this week is the range of 2038 - 2070 dollars. Again, regarding the first quarter of the year, my prediction for the 2150 dollar level still continues. I can say that the upward trend, especially on the ounce gold side, will continue its rise slowly without giving any opportunity.

An ounce of silver is at $23.18. I will be watching the $22.80 support level this week. After that, the target will be the $24 level again. He had a good performance last week. We saw a rapid rise in the ounce price of silver. I expect these increases to continue rapidly again.

The barrel price of Brent oil is down 1% at $70.56. It is stuck in the $75 - $80 range. It is important to note that the attacks against Yemen, especially on the side of geopolitical tensions, may support the rise in oil prices again.

There are many who expected rapid increases in the cryptocurrency market last week. Those who expected a bull market faced disappointment again. It is currently at the level of 42275 dollars with 3% seller. Focus on wide bandwidth. Below is the $38000 level, above is the $48000 level. It will continue to linger in this band range. The declines and rises are not over. Again, the pressure in the cryptocurrency market continues. Positive expectations continue for 2024.

The dollar index is at $102.37. It rallied again above the $102 level. I will be watching the 102.80 resistance level for this week. After trying 102.80 again in the dollar index, I will be watching for a rapid retreat, that is, the $ 101.80 support level. This week, we may be facing global markets that are generally more focused on geopolitical risks. Again, while tensions in the Middle East continue, Russia-Ukraine tension continues. Developments on the Yemen side will also be very important for global markets. This week, we will be in a week where geopolitical tensions will generally be discussed. As you know, there is the Davos summit. This week's Davos summit is important, you should follow and read the news flows from here closely. Because those who shape the new world order make important decisions here. They announce important decisions. There will be important statements, especially about artificial intelligence. Artificial intelligence is expected to increase unemployment in all global markets by around 40%. In 2024, a period in which unemployment figures will be discussed seriously will be waiting for us.

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.

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