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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
- USD/TRY trades -0.31% lower this morning, tracking early selling pressure on the BBDXY.
- The cross closed +0.32% firmer in yesterday's session, pulling back from an intraday high at 8.727 as bullish USD price action receded – forming a bearish inverted hammer candle on the daily chart just short of 8.7525 resistance.
- Today's focus will be on meetings at the UN General Assembly with Cavusoglu set to meet with Blinken and potential headlines covering key touchpoints, such as Patriot/S-400 missiles or F-35 programme admission – although no mentions have been made yet regarding the agenda for today's discussion.
- Beyond this, markets will continue to be driven by pre-Fed jitters and uncertainty regarding premature easing from the CBRT – although the consensus remains for a hold at this meeting.
- Intraday Sup1: 8.6085, Sup2: 8.5875, Res1: 8.7270, Res2: 8.7525
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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