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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Lira Goes Offered After Erdogan Replaces CBRT Dep Gov
- USD/TRY implied volatilities popped higher across the curve, but remain way off levels printed after the ousting of the previous CBRT Gov Agbal.
- New CBRT chief Kavcioglu told BBG yesterday that he does not "approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately."
- A break above the nearby TRY8.2878, the 76.4% recovery of the intraday pullback from Mar 22 high, would put bulls in a position to target TRY8.4707, the cycle high printed amidst last week's CBRT turmoil. Further gains would allow them to set their sights on the all-time high of TRY8.5793, registered on Nov 6, 2020. Bears would be pleased by a slide under Mar 22 low of TRY7.6958.
- Worth noting that Turkish trade balance hits the wires Wednesday, while Markit M'fing PMI comes out Thursday.
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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.