Daily News 23 01 2025

Important News of the Day

Time Important Country Event Forecast Previous Actual
00:30 United States (USD) API Weekly Crude Oil Stock -2.600M 1.000M
02:50 Japan (JPY) Adjusted Trade Balance -0.51T -0.39T -0.03T
02:50 Japan (JPY) Exports (YoY) (Dec) 2.3% 3.8% 2.8%
02:50 Japan (JPY) Trade Balance (Dec) -55.0B -110.3B 130.9B
03:30 Australia (AUD) NAB Business Confidence (Dec) -3
11:00 Switzerland (CHF) World Economic Forum Annual Meetings
14:00 Türkiye (TRY) One-Week Repo Rate (Jan) 45.00% 47.50%
16:30 United States (USD) Continuing Jobless Claims 1,860K 1,859K
16:30 United States (USD) Initial Jobless Claims 221K 217K
16:30 Canada (CAD) Core Retail Sales (MoM) (Nov) 0.1% 0.1%
16:30 Canada (CAD) Retail Sales (MoM) (Nov) 0.2% 0.6%
19:00 United States (USD) U.S. President Trump Speaks
20:00 United States (USD) Crude Oil Inventories -1.962M
20:00 United States (USD) Cushing Crude Oil Inventories 0.765M
21:00 United States (USD) 10-Year TIPS Auction 2.071%
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NDXUSD

Daily Newsletter
23 Jan 2025 10:30

The NASDAQ100 Index showed gains led by the technology sector following Trump's announcement of investment in artificial intelligence infrastructure and the increase in Netflix's subscriber numbers. Semiconductor and software sub-sectors were key components of this rise, while the recovery in 10-year bond yields limited the index's gains. Developments such as unemployment claims and President Trump's speech during the day could influence the direction of the markets.

From a technical perspective, the NASDAQ100 index is trading at the 21,815 level and suggests that the positive trend could continue as long as it remains above the 21,700 - 21,820 range. In upward movements, the 22,000 and 22,100 resistance levels stand out as areas to watch. In case of possible pullbacks, 21,900 – 21,820 – 21,700 levels can be followed as support. The RSI indicator is at 55, indicating a positive market outlook. The index has declined by 0.09% compared to the previous day.

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DAXEUR

Daily Newsletter
23 Jan 2025 10:30

In a week where European stock markets generally exhibited mixed performance, the DAX 40 index presents a positive outlook. Investments in the artificial intelligence sector in the US and Netflix's financial results support market optimism, and alongside Germany, France and the UK also show positive trends. Particularly, Germany's DAX 40 index has risen by 1.68%, making it one of the best-performing indices of the week. Meanwhile, countries like Italy, the Netherlands, and Spain in Europe continue to exhibit negative performance.

From a technical perspective, when examining the DAX 40 index, the 21,200 level stands out as an important support point. As long as the index remains above this level, it can maintain its positive inclination. In upward movements, resistance levels at 21,380, 21,475, and 21,560 can be monitored. Especially sustained movements above the 21,475 level could carry the index towards the Fibonacci trend zone. However, if the index falls below the 21,200 level, there is potential for a pullback towards the 20,830 level. The RSI indicator is at 60 and displays a positive outlook, indicating that buyers are still influential in the market. Compared to the previous day, the index is trading 0.03% higher.

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NGCUSD

Daily Newsletter
23 Jan 2025 10:30

US natural gas futures showed a rebound due to expectations of a stock decrease as one of the coldest days in recent years is experienced, but there are factors that may affect the persistence of this situation. In particular, mild weather forecasts for the end of January and February may suppress heating demand. Additionally, the trends in European and US stock markets and the inventory figures to be announced by the US Energy Information Administration may also impact pricing. The positive trend in Asian indices and China's market-supportive statements are also increasing optimism in international markets.

When examining the hourly chart of the NGCUSD pair, the upward trend may continue as long as it remains above the 3.415 – 3.470 support zone. In upward movements, the levels of 3.52 and 3.57 may be observed as resistance points. In the event of possible declines, if it falls below the 3.415 level, the levels of 3.36 and 3.295 can be monitored as support. The RSI indicator is at the 48 level and shows a neutral tendency. The pair has experienced a 0.66% decrease compared to the previous day. These data indicate that movements between the support and resistance levels should be closely monitored.

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WTIUSD

Daily Newsletter
23 Jan 2025 10:30

WTI crude oil prices continue their downward trend due to the announcement of stock increases by the American Petroleum Institute and uncertainties regarding Trump policies. The performance of European and US stock markets, along with the stock data to be announced by the US Energy Information Administration, could be decisive for the direction of oil prices. Although China's supportive steps towards its stock markets have created a near-positive trend in Asian indexes, economic data from the US and Trump's statements on tariffs are increasing uncertainty in oil prices.

From a technical perspective, WTI crude oil prices are trading below the 75.50 - 76.00 resistance level, indicating that downward pressure may continue. In potential declines, the levels of 74.50 and 74.00 can be monitored as support. On the chart, the RSI indicator is exhibiting a neutral appearance at the level of 48. The price is trading at 75.045, recording a decrease of 0.03% compared to the previous day. In upward movements, if the price moves above the 76.00 level, the 76.50 resistance could come into play.

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BRNUSD

Daily Newsletter
23 Jan 2025 10:30

Oil futures continue their downward trend following a report from the American Petroleum Institute indicating a 1 million barrel increase in stocks. Uncertainties surrounding Trump policies and fluctuations in global markets are also supporting this decline. Particularly, stock figures to be announced by the U.S. Energy Information Administration and the trajectory of European and U.S. stock exchanges could influence pricing. Measures taken by China in Asian markets and the anticipated interest rate decision by the Bank of Japan could also have a global impact.

On the chart, oil prices are trading at 78.045 levels in the daily time frame. In downward movements, support levels at 78.5, 78, and 77.5 can be monitored. In the event of a possible upward recovery, resistance levels at 79, 79.5, and 80 should be tracked. The RSI indicator is at 42, displaying a negative outlook. A decline of 0.12% compared to the previous day is observed. It is suggested that the continuation of the downward trend requires the 79.50 resistance not to be breached; otherwise, the 80 level could be tested.

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USDTRY

Daily Newsletter
23 Jan 2025 10:30

The USD/TRY pair is moving in line with the performance of emerging market currencies against the US Dollar. While the Turkish Lira is among the currencies showing weak performance, the pair is trading close to the 35.65 level. The positive trend in Asian indices in global markets and expectations regarding rate cuts by the Central Bank of the Republic of Turkey (CBRT) may influence the trajectory of the pair. Unless there is significant TL-based news flow domestically, the USD/TRY is expected to move in line with general market dynamics.

Technically, the USD/TRY pair is trading within a band between 35.45 and 35.81 in the short term. As long as it stays above the 35.45 support, upward movements could gain momentum towards the resistance levels of 35.70, 35.75, and 35.81. The RSI indicator is moving at neutral levels. The intraday movement of the pair shows a change of about 0.04%. A sustained move above the 35.81 resistance could strengthen the upward trend of the pair; otherwise, a consolidation between 35.45 - 35.81 could be observed.

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XAUUSD

Daily Newsletter
23 Jan 2025 10:30

Geopolitical risks have re-emerged with Israel's attacks on Lebanon despite the ceasefire agreement, while the US Dollar Index rising above the 108 level continues to put pressure on gold. Unemployment claims data from the US and statements by former President Trump are also being closely monitored in the markets. When these factors are considered together, it is seen that gold is navigating a path filled with uncertainties in global markets.

From a technical perspective, gold is trading just above the 2750 level. As long as it remains above the 2740-2750 zone on the daily chart, the upward movement is likely to continue. Resistance levels of 2760 and 2770 can be monitored in the upward movements. Alternatively, if the 2740-2750 zone is breached downwards, there is potential for a retreat towards the support levels of 2727 and 2720. The RSI indicator is at the 55 level and is showing a positive trend. There is a 0.13% depreciation in prices compared to the previous day.

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EURUSD

Daily Newsletter
23 Jan 2025 10:30

The EUR/USD pair is showing limited response buying as the Dollar Index continues to stay above its 34-day average. Upcoming unemployment claims data from the U.S. and President Trump's speeches at the World Economic Forum could guide the markets. The strength of the Dollar Index is preventing the pair's upward movements, presenting a negative outlook. This situation indicates that this period should be closely monitored before the upcoming ECB and Fed meetings in the following days.

From a technical perspective, the EUR/USD pair remains under pressure, staying below the 1.0430 resistance level. The pair's current low trend is showing a squeeze between the 233-period exponential moving average (1.0430) and the 55-period average located in the 1.0330 – 1.0350 range. The RSI indicator is at the 46 level, presenting a neutral market outlook. Compared to the previous day, the pair recorded a 0.02% decline. For downward movements in the pair, the 1.038, 1.033, and 1.027 support levels are important, while the 1.043, 1.048, and 1.0545 resistance levels should be watched for upward movements.

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GBPUSD

Daily Newsletter
23 Jan 2025 10:30

The GBP/USD pair is trading sideways due to the limited declines in the Dollar Index (DXY). The tendency of the DXY to remain above the 34-day moving average restricts the pair's upward movements. Notably, the upcoming PMI data and the Bank of Japan's interest rate decision are among the important factors that could determine the pair's weekly trend. Data on unemployment claims from the US and President Trump's speech at the World Economic Forum may also influence the direction of GBP/USD.

From a technical analysis perspective, the GBP/USD pair is currently at the level of 1.23144 and is under pressure below the 55-period moving average. In downward movements, the support levels of 1.227, 1.223, and 1.2185 should be monitored. In upward movements, the resistance levels of 1.236, 1.24, and 1.244 become significant. The RSI indicator shows a neutral outlook, indicating uncertainty in the market. The pair has shown a slight decline of 0.013% compared to the previous day.