Euro - dollar parity is at 1.0870 level. I stated that the Central Bank of America will remain in the 1.08 - 1.09 band range until the FED's interest rate decision. The band gap I follow on this side still remains valid. We will be faced with a parity that lingers in the 1.08 - 1.09 band range. I would like to remind you that the euro remains cheap for investors who hold dollars this week, especially since we see the numerical value below 1.09 as cheap.
I stated that there would be pressure on the ounce gold side this week, and that this pressure would continue until the FED's interest rate decision. The band range I follow is 2000 - 2040 dollars for the short term. After the FED, I will continue to follow the 2000 - 2070 dollar range. But they will most likely make a hawkish statement after the FED decision. There is also a risk of falling back to the 1980 dollar level. I continue to keep this aside. But right now the $2000 level is a strong support level. We have an ounce of gold that does not want to fall below the 2000 dollar level. Until the FED, I will be waiting for an ounce of gold to stabilize in the 2000 - 2040 dollar range and remain horizontal. But I guess that after the FED, maybe they can try in 1980. I will continue to follow the process closely. I have often stated that the pressure experienced in the last two weeks, especially on the ounce gold side, and the pressure that will occur next week, will not be permanent for investors who have dollars, and that this pressure will not be permanent, and that it offers especially good buying opportunities.
The ounce price of silver is at $22.77. This week, there was an increase on the ratio side to 91 levels. Due to this rise, silver prices remained under pressure this week. However, it continues to maintain its strong stance. Importantly, the level I see as support level is $22.60. I will be waiting for a rise targeting the $24 level above. Therefore, it is worth repeating that if there is a withdrawal at the level of 22 dollars, that is, if the level of 22.60 dollars is broken downwards and falls to the level of 22.30 - 22.20 dollars, you will continue to see cheap silver and provide a buying opportunity.
There were sharp fluctuations in oil prices. But I also mentioned the possibility of an attack on oil prices, which settled at the 75-80 dollar level, above the 80 dollar level in the first place. I estimate that the upward movements in oil prices, currently at $81.77, will continue up to $90 during the year. In other words, the declines on the oil side are not permanent. There is resistance here at $82. The important thing is, will it be able to hold above the $82 level? I will continue to follow this side.
I have often stated that a withdrawal to the level of $ 38000 would be possible in the cryptocurrency market, which at that time was $ 45000 - $ 46000. It fell to the level of 39000 dollars. We currently observe that it has completed the week with a 3.5% increase in value at the level of 41214 dollars. Since there is a reaction increase here, we see that these increases continue. However, it is still useful to consider the risk of $ 38000. I predict that this suppression process will continue, especially until the FED's interest rate decision. For the short term, I will continue to follow the $ 38000 - 42000 range on the bitcoin side.
There is a level of 1.2740 in sterling - dollar parity. Here too, the 1.27 level is a strong support level on the sterling side. I care about the sterling side. Because I expect the level of 1.32 this year, we may see attacks above the 1.32 level in the sterling - dollar parity. Therefore, if anyone is interested in the sterling side, I can say that they have various advantages here.
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