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DAILY MARKET ANALYSIS – 12.07.2021 Agenda and Markets Overview

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DAILY MARKET ANALYSIS – 12.07.2021 Agenda and Markets Overview __________________________________________________________________________________ DAILY MARKET ANALYSIS – 12.07.2021 Agenda and Markets Overview • Despite the increasing uncertainties in global markets with the Fed's decisions and minutes, and the number of Covid-19 cases that started to rise again due to the Delta variant, the risk appetite has risen again, while the search for a new balance and volatile course continues in all markets in general. This week, Fed Chairman Powell's speech on July 14, meetings and interest rate decisions of Turkish and Japanese central banks, and Chinese growth data will be watched carefully. • The July issue of the Fed's bi-annual Monetary Policy Report for the US Congress was released on Friday.Fed Chairman Jerome Powell's report to be presented to Congress on July 14 indicates that the progress in vaccination in the first half of 2021 will allow the economy to renormalize and support supportive measures. It was stated that it led to strong economic growth with its monetary and fiscal policy. Pointing out that the effects of the Covid-19 epidemic continue to be felt in the US economy, the report noted that employment remained well below pre-epidemic levels and upside risks to the inflation outlook increased in the near term. • At the July meeting, where the new strategies of the European Central Bank will be implemented, ECB President Christine Lagarde signaled that a policy change may occur. • Today, Australia reported its largest daily increase in Covid-19 cases this year, fueled by the fast- growing delta variant outbreak in Sydney as the country's largest city enters its third week of quarantine. • Italian Economy and Finance Minister Daniele Franco stated that as G20 countries, they have reached a very important agreement on the international tax regulation of multinational companies. • US Treasury Secretary Janet Yellen, regarding the new tax mechanism that will allow countries to tax large and profitable multinational companies at least 15%, said, "The agreement will end the low tax race between countries." said. • Wang Yiming, a member of the Monetary Policy Committee of the People's Bank of China, said that the reserve requirement ratio cut by the Chinese Central Bank last week, which will take effect on July 15, does not mean a change in monetary policy. • China's Ministry of Commerce reacted to the US Department of Commerce's decision to economic blacklist 23 Chinese companies for alleged human rights violations. In a written statement, China's Ministry of Commerce argued that the US economic blacklisting of Chinese companies is a "serious violation of international economic and trade rules." The Ministry of Commerce emphasized that the decision taken by the USA is a decision to intimidate and suppress Chinese companies. • US Secretary of State Antony Blinken warned of China's efforts to establish dominance in the South China Sea. Blinken warned that if Chinese forces attack Philippine forces in the South China Sea, this could trigger the launch of the 1951 joint defense agreement between the United States and the Philippines. • Core machinery orders in Japan increased by 7.8% month on month and 12.2% year on year, well above expectations in May, expectations 2.6% and 6.3%, previous data 0.6% and 2.6%. • Capital goods price index in Japan is 0.6% monthly and 5.0% annually in June, expectations were 0.6% and 4.7%, previous data were 0.8% and 5.1%. • US 10-year bond yield was traded between 1.294%-1.363% on Friday, closing at 1.363%. The last level today is 1.354%. • Dollar index moved between 92.09-92.54 range on Friday, closing at 92.10. The last level today is 92.20. • GBPUSD was traded in the range of 1.3755-1.3908 on Friday, while the closing was 1.3898. The last trading price today is 1.3884. • Brent oil was traded in the range of 73.82-75.78 on Friday, closing was 75.56. Today, the last trades are at 74.33 in crude oil and 75.28 in brent oil. • Ethereum was traded in the range of 2.081-2.174 yesterday, closing was 2.138. The last trading price today is 2.144. www.eforfx21.com www.twitter.com/EforFx __________________________________________________________________________________ Stock Markets European stock markets experienced strong gains on the last day of a troubled and volatile week. DAX closed at 15,687 up 1.73%, FTSE 100 at 7,121 up 1.30% and Euro Stoxx 50 at 4,068 up 1.91%. In the futures market, DAX is down 0.15%, FTSE100 is down 0.23%, Euro Stoxx 50 is down 0.01%. In the USA, the indices ended Friday with premiums as well. Dow Jones was up 1.30% at 34,870, S&P 500 up 1.13% at 4,369 and Nasdaq up 0.98% at 14,701. In the futures market, Dow Jones is down 0.17%, S&P 500 down 0.19% and Nasdaq down 0.07%. Asian stock markets started the week with strong gains. Nikkei 225 is up 2.09% and 28,525, Hang Seng is up 0.56% and 27,426, Shanghai is up 0.50% and 3,541. Cryptocurrencies XAU/USD Gold's trading range on Friday was 1,796-1,812 and its close was 1,808. The last trading price today is 1.801. Resistance levels are 1.810 and 1.816, support levels are 1.798 and 1.796. RESISTANCE 1 / 1.810 RESISTANCE 2 / 1.816 SUPPORT 1 / 1.798 SUPPORT 2 / 1.796 www.eforfx21.com www.twitter.com/EforFx __________________________________________________________________________________ DAX The index's trading range on Friday was 15,479-15,687, while the close was 15,687. In the futures market, the index is down 0.15%. Resistance levels are 15,715 and 15,732, support levels are 15,611 and 15,500. RESISTANCE 1 / 15,715 RESISTANCE 2 / 15,732 SUPPORT 1 / 15,611 SUPPORT 2 / 15,500 EUR/USD The trading range of the pair was 1.1825-1.1881 on Friday, and the close was 1.1877. The last trading price today is 1.1867. Resistance levels are 1.1885 and 1.1920, support levels are 1.1835 and 1.1807. RESISTANCE 1 / 1.1885 RESISTANCE 2 / 1.1920 SUPPORT 1 / 1.1835 SUPPORT 2 / 1.1807 www.eforfx21.com www.twitter.com/EforFx __________________________________________________________________________________ USD/TRY The pair's trading range on Friday was 8.6503-8.7066, and the close was 8.6665. The last trading price today is 8.6622. Resistance levels are 8.7540 and 8.8000, support levels are 8.6637 and 8.6345. RESISTANCE 1 / 8.7540 RESISTANCE 2 / 8,8000 SUPPORT 1 / 8.6637 SUPPORT 2 / 8.6345 BITCOIN Bitcoin's trading range yesterday was 33,333-34.607, the closing was 34,259. The last trading price today is 34,187. Resistance levels are 34,750 and 35,630, and support levels are 33,840 and 33,335. RESISTANCE 1 / 34,750 RESISTANCE 2 / 35,630 SUPPORT 1 / 33,840 SUPPORT 2 / 33,335 • All the latest market values in the report refer to the values at the time of writing. www.eforfx21.com www.twitter.com/EforFx __________________________________________________________________________________ ECONOMIC CALENDAR www.eforfx21.com www.twitter.com/EforFx __________________________________________________________________________________ LEGAL DISCLAIMER: The texts, information and graphics in this report and the comments are the first sources available in good faith and their accuracy, validity and effectiveness, in short, in any form, form and name, without constituting any guarantee, guarantee, and only information on the basis of any decision. Compiled in order to obtain. From the comments in these reports; Efor Forex and its employees are not responsible for any damages that may arise in matters such as missing information and / or updates. Efor Forex can change and / or eliminate such information and recommendations at any time, in no way and in any way, without the need for prior notice and / or warning. This report and comments, prepared for the purpose of providing information in general, comprehensive information, Since it does not contain any commitment of Efor Forex in any way and in any way, the decisions to be taken, the results to be reached, the transactions to be carried out and any risks that may occur will be their own and will be exclusive to these persons. 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