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SILVER TECHS

Bullish Extension

GOLD TECHS

Heading North

WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Bullish Conditions Remains Intact

USDCAD TECHS

Extends Lower With Bears In Charge

TURKEY

LOCAL NEWS

  • Turkey to host German Foreign Min Maas for one day visit today ahead of Turkey EU talks on the Migrant deal and Libya resolution with Von der Leyen & other top diplomats.
    • Joint press conference will be held post-meeting. Comes amid an inconsistent approach from Erdogan on mending EU & US relations.
    • Local analyst says all recent overtures on talks between the likes of the EU, France, Israel and Greece should not be taken at face value and are aimed at keeping the Biden Administration from cracking down too hard on Turkey - Ahval
  • Greece-Turkey talk set to kick off this week at the NATO summit regrading East Med tensions.
    • Key issues remain grey zones and demilitarisation of certain islands that could talk talks
  • Erdogan to speak in Ankara 1100GMT - Markets will be watching closely after the last speech spooked markets and sent USD/TRY back to 7.50 on rate cut threats.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com