Euro - dollar parity jumped above the level of 1.0906, that is, 1.09. It fell to the level of 1.0845 and this week, I will follow the band range between 1.08 - 1.09, especially until the FED, especially the target is 1.11 level, then 1.12 level and 1.15 level within the year. Since the positive outlook here continues, investors who exchanged their dollars for euros today have caught a good opportunity. Numbers below 1.09 will continue to remain cheap for us.
ounce of gold is at the 2035 dollar level. Until the FED, there is a resistance level of 2070 above the $2000 support level. I continue to follow these bandwidths. Today, it carried out transactions in the range of 2022 - 2035 dollars. Since the 2000 - 2070 dollar range is valid again, I will continue to follow these band ranges.
Yesterday there was an increase in the silver - gold ratio up to 91 levels. This caused sharp declines in silver. Currently the ratio has taken its losses. There is a 1.69% increase in the ounce price of silver at $22.82. The first target is the $24 level. I will continue to follow the $22 - $24 level. Declines will continue to stand out as buying opportunities.
Wide band gaps in oil prices still remain valid. It continues to hover around the $75 - $80 range. Here, geopolitical tensions on the Red Sea side continue. But this is not reflected in the prices. Because countries agree among themselves, they continue to suppress oil prices. Since rising oil prices mean rising inflation in global economies and central banks are also fighting inflation, there is an agreement on this side. This suppression still continues. But since OPEC members do not want a low oil price, we will continue to face an oil price that attacks above the $80 level at the first opportunity.
For those trading in the cryptocurrency market, follow the range of $ 38000 - $ 48000. Especially when those 45000 - 46000 dollars levels are seen again, there is a possibility of falling back below the 40000 dollars level. Be careful, I had warnings and stated that I was waiting for the $ 38000 level. It fell to the level of 39058 dollars. It is currently at $40068. It continues to struggle to stay above the $40000 level. In other words, I saw that my expectations on the bitcoin side of the cryptocurrency market were realized in this way. Again, there will definitely be upward movements in the cryptocurrency market during the year. But I would especially like to express that the following suppression process is not over yet.
When we look at the sterling - dollar parity, there is a level of 1.2748. Since I expect the level of 1.38 within this year, we have a pricing that continues to remain cheap here.
Gold - silver ratio is 89.4% with 1.37 sellers. It was above 91 yesterday. I observe that profit sales are decreasing here, too. Especially this year, I expect the level of 72 on the ratio side. This is among the factors that will affect silver positively.
The dollar index had jumped above the 100 level. It is currently at $102.82. My prediction for the $92 level for this year still continues. I am talking about the depreciation of the dollar in international markets and therefore there is a strong possibility that upward movements will continue in all instruments against the dollar.
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