Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Turkey flies for second session....>

EMERGING MARKETS
EMERGING MARKETS: Turkey flies for second session as tensions abate
-Despite proving resilient to the recent uptick in geopolitical tensions, the
relief evident in global asset markets over the past two days has provided a
decent tailwind for the TRY, which rallied again Thursday. USD/TRY now looks to
show below the 5.85 mark for the first time since mid-December and stage a test
of the 50-dma at 5.8223. Domestic equities were up as much as 5% as capital flow
flooded back into the country, extending the TRY's world-beating currency gains
for 2020. Attention turns to next week's Turkish central bank decision, where
the bank are seen trimming rates further.
-ZAR sits at the bottom end of the EMFX pile as markets trim Thursday's
outperformance. The moves still sit well within the week's range, but offshore
selling was seen as responsible for the uptick in USD/ZAR. 50-dma provides
decent resistance at 14.5330.
-Thai consumer confidence numbers, Mexican and Indian industrial production and
Russian CPI take focus Friday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com