Euro Dollar parity is at 1.0889 level. We will be faced with a parity that remains at 1.08 - 1.09 until next week. Because next week, on the 31st of the month, the interest rate decision of the US Central Bank, the FED, will be announced. Currently, we are observing the hawkish statements of the FED in global markets, its desire to increase interest rates again, a pressure on assets against the dollar due to pricing, and an increase in the dollar index above 100 levels. Pricing will be clearly visible after the Federal Reserve Bank of America (FED) announces its interest rate decision and after FED Chairman Powell makes his statements at the press conference following the interest rate decision. Yes, there is a possibility that the Federal Reserve of America will increase interest rates by 25 basis points one last time. But the uncertainty is this; Will he do this at the January meeting? Will he do it at the March meeting? There is uncertainty here. My personal prediction and forecast is that I think the Federal Reserve, the Federal Reserve, will postpone its interest rate hike until March. Because it needs to stall the market. Since it needs to stall the market, I personally expect the FED to postpone its interest rate sensitivity a little further. There will be a delay in the Euro-dollar parity between 1.08 - 1.09. Our target this year is 1.12 and then 1.15. I can say that investors who want to take a euro position in the euro - dollar parity will have good opportunities this week and next week.
Ounce gold is at the 2022 dollar level. Yesterday, it carried out transactions in the range of 2016-2032 dollars. I will continue to follow the 2000 - 2070 dollar range on the ounce gold side this week and next week. In other words, there is a support level of $2000 per ounce of gold until the Federal Reserve's interest rate decision. There is a resistance level above $2070. You follow these band intervals. This suppression continues for another week or two. After the US Central Bank FED made its decision and the markets see the future more clearly, this time we will see upward breaks on the ounce gold side. I still maintain my prediction about the level of 2070 dollars, which it could not pass, the 2090 dollar level, and the 2150 dollar level in the first half of the year, and the 2350 dollar level during the year. On the ounce gold side, since I predict a level of 2350 dollars this year, the 2020 dollar level, 2000 dollar level etc. continue to be cheap to me. There are also the extraction costs of gold. When we consider the extraction costs, I can say that gold remains cheap.
The ounce price of silver fell and lost value again due to the ratio. It is at $22.20 on the first trading day of the week. There is also a support level of $21.50 here, which is the support level I will follow for this week. But I continue to wait for $26 as the resistance level in the first place, then $28, and again $32 within the year. When we compare 22 dollars to 32 dollars, if you have dollars this year, if you are going to buy silver with dollars, make an accounting accordingly and aim for a profit accordingly. We will continue to see the ounce price of silver at 32 dollars.
Oil prices started the week with an increase, at $79.18. There is an increase of up to 1% in oil prices. Here the range of 75 - 80 dollars is still valid. This bandwidth is still intact. I will continue to follow the 75 - 80 dollar range this week.
In the cryptocurrency market, especially on the bitcoin side, there is a level of $ 40572. In other words, it started the week with a 2.34% depreciation. I have been warning the cryptocurrency market for the last 2 weeks. A bull market has not started. An uptrend has not started. Don't get excited. There is manipulation pricing. There are false news streams that are paid for. Be careful, I had warnings. There was a 2.5% loss in value yesterday. Personally, I can still say that I still maintain my prediction regarding the 38000 dollar level. They will continue to stall in this range of 48000 dollars above 38000 dollars. I will continue to wait for the $38000 level below the $40000 level.
When we look at the sterling - dollar parity, there is a level of 1.2724. There is also a support level of 1.2650 here. I will continue to follow here for this week. The European Central Bank has an interest rate decision this week. It will announce its interest rate decision on Thursday.
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