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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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LOCAL NEWS

  • Turkish Foreign Ministry calls on the Council of Europe to refrain from starting infringement proceedings against Turkey RE Kavala’s imprisonment.
    • Says the CoE should respect ongoing judicial procedures and noted that the decision was overly political – harming the CoE’s reputation.
    • The CoE convicted Turkey on Articless 5 & 18 of the ECHR mandate, violating Kavala’s right to liberty & abusing govt discretion to impose legitimate limitations on rights. Kavala’s next hearing is 17 Jan 2022
  • HDP Co-Chair Buldan met with EU envoys yesterday to discuss the AKP’s crackdown on the party and its refusal to abide by ECHR rulings on Selahattin Demirtas, the Kobane case & the HDP closure case.
    • Buldan said, however, that the HDP’s power was still intact and will play an important role in transforming Turkey
  • CHP leader calls on supermarkets to avoid hiking prices of 10 basic goods to prevent excessive poverty, promising to compensate for losses should the CHP comes to power in 2023.
    • List: eggs, flour, oil, milk, cracked wheat, pasta, lentils, cheese, salt and a specific kind of vegetable depending on the month