Analysts of the InvestAZ Investment company reported on the latest situation in the world financial markets this week and what is expected in the short term.

"APA-Economics" informs that on the background of the expected decrease of the Consumer Price Index announced in the Eurozone and England last week, the further increase in the probability that the Central Banks of England and Europe will ease their monetary policies supported the dollar.

As a result, it is observed that the growth trend in EURUSD and GBPUSD pairs has slowed down a bit.

According to the analysis, if "Bulls" can return the price of DXY above the threshold of 103.50 points and keep it above this level, the EURUSD and GBPUSD exchange rates may fall.

The Level of Economic Development to be announced in the United States during the current week, business activity index indicators to be published in England, Eurozone, Germany, and America may cause serious price changes in the stock exchanges.

Also, the personal spending statistics to be released in America will be in the focus of investors.

EUR

The EURUSD exchange rate, which exhibited a horizontal trend during the past week, ended the week above the limits of 1.0850.

According to the analysis, if the downward trend in the dollar index deepens, the euro may rise against the dollar up to 1.1050 levels.

It should be noted that the speech of Christine Lagarde, the head of the European Central Bank, and the indicators of the "IFO" Business Environment Index, which will be announced in Germany, can seriously affect the course of the trend.

GBP

Statistics on the Business Activity Index, which will be announced this week in England, may have a serious impact on how the trend will continue in the GBPUSD exchange rate, which rose to 1.2435 at the end of last week.

TRY

Despite the fact that the Central Bank of the Republic of Turkey did not change interest rates on Thursday of this week, the USDTRY continues its horizontal trend, maintaining its maximum at 18.80 TL.

GOLD

The demand for gold continues to increase against the background of the depreciation of the dollar.

If the downward trend in the dollar index continues and breaks the $1930 level, the price of the precious metal per ounce may rise to $1942 and $2008.

According to the analysis, the $1942 level acts as the main psychological resistance level.