22.04.2019 Market Analysis Forex

22.04.2019 Market Analysis Forex The world's largest oil storage company has announced that it sells almost all of its capacity. The world's largest independent oil storage company announced that traders have virtually no vacancies for crude oil and refined fuel storage due to the rapidly increasing oil abundance due to the corona virus outbreak. "All the capacity available for our terminals on the oil side has been completely sold out," said Gerard Paulides, chief financial officer of Rotterdam-based Royal Vopak NV, and said, "For Vopak, all capacity available to the world, except for maintenance-free, is almost exhausted and I am left with the rest of the world. "We are not the only company whose capacity has expired." After the new type of corona virus (Kovid-19) epidemic, almost all institutions, organizations and economists are united in the view that there is a sharp contraction in the global economy, different evaluations about how long the recovery will take and how it will take place after the pandemic is taken under control. In the economic literature, the shape of the graphic predicted by economists to express the economy's resurgence and its timing after the crises is expressed in letters. These demonstrations, dating back to the pre-World War II period, are generally known as "V", "W", "U", "L" and rarely "WW". As of today, world-renowned economist Nouriel Roubini stated that it would not surprise him that the "I"-type recession is on the agenda and that it is not expected to see an exit again after the sharp decline in the real economy and financial markets. Sharing the latest figures about corona virus cases in our country, the Ministry of Health said, "In the last 24 hours, 4611 people were diagnosed with Kovid-19, 119 people died, the total number of cases was 95 thousand 591 and the loss of life was 2259". According to the statement made by the Ministry of Health, 4611 people were diagnosed with Kovid-19 in the last 24 hours, 119 people died, the total number of cases was 95 thousand 591 and the loss of life was 2259. In the Ministry's statement, it was stated that the number of those who completed Kovid-19 treatment with the improvement of 1488 people was 14 thousand 918. Health Minister Fahrettin Koca shared on his Twitter account, "The data tells us: 'Don't be hopeless, do not compete'. Let's not forget that these two are more dangerous than the virus. used the expression. Today, on the day of the transaction, where there is no significant data flow abroad, we will follow the consumer confidence data and then the center's interest rate decision. While there is a positive trend in US futures, on the Asian side, we see a generally negative picture. USDTRY While weak data flows continued on the first trading day of the week, the administration of the President Donald Trump and the Democrats stated that they were close to the deal on the $ 500 billion aid package. On the second trading day of the week, while weak data flows in the country continued, second-hand house sales in the USA fell 8.5 percent from 5.27 million units in February to 5.7 million units in the real estate sector as a result of the negative impact of the coronavirus outbreak. We have observed that, with the testing of historical bottoms in oil prices, the dollar strengthened in the global market, and the exchange continued its pricing just under the level of TL 7.00. Health Minister Fahrettin husband is in dormitory yesterday, a total of 95 thousand 591 cases in Turkey, the loss of life was announced that 2 thousand 259 rose. While the destructive effects of corona virus continue in global markets, it was observed that the exchange continued its upward movement with the developments followed at the end of the day. Technically, it was observed that the exchange rate remained decisive at the 6.97 level. If the trend in the currency continues with the upward movement along with the purchases that may come, the 6.99, 7.02 and 7.05 levels are important resistance levels to follow. 6.95, 6.93 and 6.90 support levels can be followed in the downward movement of the potential sales and the downward trend in the exchange rate.   EURTRY PPI data announced in Germany on the first trading day of the week decreased by 0.8 percent in March. On the second trading day of the week, weak data flows in the country continued, while the ZEW Economic Confidence Index announced in Germany rose from -49.5 to 28.2 in April. The ZEW Economic Confidence Index announced in the Euro Area was followed to rise to 25.2. The corona virus in global markets while continuing destructive effects, Health Minister Fahrettin husband yesterday, a total of 90 thousand 980 cases in Turkey, the loss of life was announced that 2 thousand 140 rose. Along with the developments followed, it was observed that the cross continued its limited rise at the end of the day. Technically, it was observed that the cross continued to be decisive at the 7.56 level. If the upward trend continues as long as it remains above the 7.53 support level, the levels of 7.58, 7.60 and 7.63 are important resistance levels to follow. 7.53, 7.50 and 7.47 support levels can be followed in the downward trend in the possible sales and the exchange rate trend. EURUSD While the PPI data announced in Germany on the first trading day of the week fell by 0.8 percent in March, the management of US President Donald Trump and the Democrats stated that they were close to the agreement on the $ 500 billion aid package. The ZEW Economic Confidence Index, which was announced in Germany on the second trading day of the week, was followed to increase from -49.5 to 28.2 in April and to 25.2 in the Euro Area. Second-hand housing sales in the US fell 8.5 percent in March to 5.27 million from 5.76 million units in February, as a result of the negative impact of operations on the coronavirus outbreak in the real estate sector. While the destructive effects of the corona virus continue in the global markets, it was observed that the Dollar maintained its limited gains against the Euro on the second day as a result of the risk-averse risk caused by the drop in oil prices. When analyzed technically, it was observed that the parity continues to be determinant at 1.0840 level. If it remains below the 1.0880 resistance level, 1.0800, 1.0760 and 1.0720 levels are important support levels to follow. In case of an upward movement of the pair, 1.0880, 1.0920 and 1.0960 resistance levels can be followed.   XAUUSD On the first trading day of the week, it was observed that Gold continued its upward limited rise as a result of the aggregation of demand as a result of the rise in demand in US ten-year Bond interest rates and a record drop in oil prices, despite the signs that the spread of coronavirus was under control. The effects of the collapse in oil prices were observed with the effects on the dollar and news flows that the coronavirus epidemic was slowing down in some parts of the world, while demand for secure assets decreased and it was followed that Ons Gold continued its downward movement at the end of the day. Technically, it was observed that Ons Gold continued to be decisive at $ 1682 level. If Ons Gold continues its downward movement with decreasing demand, 1674, 1668 and 1660 levels are the important support levels to follow. In case of a possible upward move, resistance levels of 1688, 1694 and 1700 can be followed in the short term.   GBPUSD On the first trading day of the week, while weak data flow continued, the British government announced that it would start paying salaries to workers who could not work due to coronavirus quarantine measures, and on the US side that President Donald Trump's administration and Democrats said they were close to the deal on the $ 500 billion aid package. According to the data of the British National Statistical Office on the second trading day of the week, unemployment in the country increased from 3.9 percent to 4 percent in February. In the USA, sales of second-hand housing decreased by 8.5 percent in March, as a result of the negative impact of operations on the coronavirus epidemic, and fell to 5.27 million from 5.76 million units in February. While the destructive effects of the corona virus continue in the global markets, it is observed that the parity continues its downward movement as the Dollar maintains its strong stance with the effect of avoiding the risk caused by the drop in oil prices. Technically, it was observed that GBP / USD continues to be determinant at 1.2280 level. If the downtrend in the parity continues as long as sales remain below the 1.2340 resistance level, 1.2220, 1.2180 and 1.2120 are important support levels to follow. 1.2340, 1.2400 and 1.2460 resistance levels should be followed in the upward movement of the potential purchases and the trend in the parity. USDJPY Weak data flow in the USA continued on the first trading day of the week, while Japan's exports were down 6.3% to 6.36 trillion yen, and imports fell 5% to 6.35 trillion yen, $ 58.9 billion. While the relatively weak economic data flow continued in Japan on the second trading day of the week, second-hand house sales in the USA fell 8.5 percent from 5.26 million units in February to 5.7 million units in February in the real estate sector as a result of the negative impact of the coronavirus outbreak. While the destructive effects of the corona virus continue in the global markets, it is observed that the parity continues its upward movement as the Dollar maintains its strong stance with the effect of avoiding the risk caused by the drop in oil prices. Technically, it was observed that USD / JPY parity continues to be determinant at 107.50. If the downward trend continues as long as it remains below the 107,80 resistance level, 107,20, 107,00 and 106,80 levels are important support levels to follow. If the upward trend in the pair is likely to be upward with the possible purchases, 107,80, 108,00 and 108,30 resistance levels can be followed. CRUDE OIL While the destructive effects of corona virus continue in global markets on the first trading day of the week, it was observed that Crude Oil continued its downward movement with the developments observed at the end of the day, while investors were preparing for a bad balance sheet period and a record drop in oil prices. On the second trading day of the week, the United Arab Emirates Department of Finance issued $ 7 billion in bonds to combat the situation caused by the falling oil prices due to the coronavirus outbreak, while US President Trump made a commitment to fund the sector after the sharp decline in oil prices. With the developments followed at the end of the day, it was followed that Petrol continued to maintain its record dream. Technically, it was observed that Crude Oil remained determinant at $ 2.40. As long as the downward trend in Crude Oil continues, sales that may come as long as they remain below the resistance level of 3.20, 2.00, 1.80 and 1.40 are important support levels to follow. 4.00, 4.80 and 5.40 resistance levels can be followed in the upward movement of the trend with possible purchases. GAUTRY On the first trading day of the week, the upward movement of Gram Gold was followed as the limited rise in Ons Gold and exchange rate continued. On the second trading day of the week, with the signs that the collapse in oil prices and the coronavirus epidemic are slowing down in some parts of the world, Ons Altın's horizontal movement was followed, while the dollar continued on the second day of the strong stance despite the second-hand house sales data announced below expectations. Following these developments, it was followed that it continued its downward limited movement in Gram Gold with these developments. Technically, Gram Gold continued to be decisive at 377. If the downward trend continues with sales that may come as long as it is below the 380 resistance level, 380, 383 and 386 are important resistance levels to follow. 375, 372 and 369 support levels should be followed in the downward movement of the potential sales and the trend in Gram Gold.