Analysts of "InvestAZ" investment company provided information about the latest situation in the world financial markets this week and what is expected in the short term.

"APA-Economics" informs with reference to the information released by the company that on Thursday of last week, the announcement of the GDP in the USA in the last quarter of the last year was more than predicted, supported the prices of the dollar.

Stronger-than-expected economic growth data has raised hopes for a "soft landing" in the US economy despite the US Federal Reserve's (FED) aggressive monetary policy and eased fears of a recession, analysts said.

As a result, the growth trend in EURUSD and GBPUSD pairs is observed to slow 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.

Statistical indicators of the labor market to be announced in the United States during the current week, especially "NFP", as well as the interest rate decisions of the British and European Central Banks may cause serious price changes in the stock exchanges.

Also, the volume of GDP and inflation indicators in the Eurozone and Germany will be in the focus of investors' attention.

EUR

The EURUSD exchange rate, which exhibited a horizontal trend during the past week, ended the week above the limits of $1.08.

According to the analysis, if the downward trend in the dollar index deepens, the euro may rise to $1.11 against the dollar.

It should be noted that the interest rate decision of the European Central Bank, as well as the inflation indicators to be announced in the Eurozone and Germany, can seriously affect the course of the trend.

GBP

The interest rate decision of the Bank of England this week may play a decisive role in how the trend will continue in the GBPUSD exchange rate, which ended at $1.24 at the end of last week.

TRY

The USDTRY exchange rate continued its horizontal trend during the last week, maintaining its maximum of 18.80 TL.

The inflation indicators to be announced from Turkey on Friday of this week may affect the prices of the lira on the stock exchanges

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 $1942 level, the price of the precious metal per ounce may rise to $1980 and $2008.

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

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