USD / TRY adds to Wednesday’s losses around 7.85. The CBRT Minutes confirms the recent orthodox turn in monpol. Turkey Economic Sentiment and CBRT FSR expire on Friday. The Turkish lira advances further and forces the USD/TRY to fall to 2-day lows in the 7.85 region on Thursday. USD / TRY upside appears limited above […]
Tag: Crosses
USD / ZAR bounces away from 9-month lows near 15.10
USD / ZAR falls further and is approaching 15.00. South Africa’s CPI rose 0.3% month-on-month in October. The global stimulus continues to support the ZAR and other emerging market currencies. The South African rand spreads its monthly gains and drags the USD / ZAR to new 9-month lows around 3pm on Wednesday. USD / ZAR […]
Attention remains at 125.00
EUR / JPY struggles to find a direction above the 124.00 level. Investor attention remains on the monthly highs just above 125.00. The EUR / JPY bounce off last week’s lows just below 123.00 appears to have encountered stiff short-term resistance around the 124.50 region for the time being. Exceeding this region should allow a […]
Firmer USD / TRY Testing Weekly Highs Above 8.0000
USD / TRY extends the rally above 8.00. The lira remains on the defensive as the sell bias accelerates. Turkey’s manufacturing confidence fell to 103.9 this month. The Turkish lira extends lower for another session on Tuesday and raises to USD/TRY back to the area above the 8.00 psychological level, only to regress later. USD […]
Targeting higher after bearish channel breakout on 4-hour chart
The EUR / JPY has broken a two-week-old bearish channel. The breakout indicates the resumption of the upward movement from the October lows. EUR / JPY rises to the 123.90 region at the start of the European session on Tuesday, extending Monday’s rise from 122.97 and confirming the breakout of the bearish channel on the […]
USD / TRY rises to multi-day highs near 7.90
USD / TRY regains bullish traction and is approaching 7.90. The lira continues to give away gains after the recent rally. Investors are closely following the post-CBRT exchange rate rise. The Turkish lira start the week on the defensive and raise the USD/TRY to multi-day highs near the 7.90 level. USD / TRY back to […]
USD/TRY bounces off lows around 7.50
USD/TRY’s decline meets support near the 100-day SMA. The lira extends gains for the second session in a row so far. Investors continue to closely follow the CBRT and domestic politics. The Turkish lira leaves behind part of the recent gains and pushes USD/TRY back to the 7.60/65 band at the end of the week. […]
The further drop points to the 122.40 region
EUR / JPY bearish momentum lingers around the 123.00 region on Thursday. Immediately to the downside appear the September lows near 122.40. The EUR / JPY cross alternates losing gains around the 123.00 region on Thursday after an initial drop to weekly lows at the 122.85 / 80 zone. Meanwhile, the odds of a move […]
Drops below 1.08 and targets lows on November 13
EUR / CHF daily chart shows bullish fatigue above 1.0820. The pair is at risk of falling to the 1.0774 support. EUR / CHF is currently trading negative just below the 1.0795 level, after peaking at 1.0808 at the start of the Asian session. Multiple long upper wick candles on the daily chart created over […]
USD / TRY is trading cautiously around 7.70, with eyes on CBRT
USD / TRY extends laterality around 7.70. The markets’ attention remains on the key CBRT meeting. The consensus foresees an interest rate hike of (at least) 500 bp. The Turkish lira extends the consolidation mood for another session and leads to USD/TRY to the region of 7.70 on Wednesday. USD/TRY mira al CBRT USD / […]
