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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
- The TRY weakness amid elevated political and economic uncertainty keeps weighing on Turkish equities, with Borsa Istanbul 100 Index (XU100 Index) currently testing its 200DMA.
- The chart below shows that the 200DMA held twice since the start of the year, once on March 23 following the sharp TRY depreciation after Erdogan fired CBRT governor, and the second time on April 21/22.
- Risk is skewed to the downside as momentum on the USD rises; next level to watch below 200DMA stands at 1,300.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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