Free Trial

Chinese crude imports vs fuel exports


6-Month Bubills


Asia Diesel Demand Recovery Expected: FGE


Trading at intraday highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • USD/TRY trades a fraction lower at the open, resisting signs of early USD weakness somewhat.
  • The cross found support at 8.4345 in yesterday's session as limited selling pressure keeps the cross biased higher as price action squeezes towards major resistance in the 8.4851-8.5139 zone.
  • Tensions with Greece remain high ahead of a number of talks in the coming days, with analysts showing little hope for resolutions in key areas of disagreement.
  • Erdogan threw his weight behind Interior Minister Soylu yesterday amid calls for his removal and for Erdogan to address allegations of close AKP-mafia links causing social discomfort in Turkey.
  • TRY continues to underperform EM peers with Turkish markets lacking clear positive catalysts. With the flat-sided ascending triangle pattern coming to a close, the cross is approaching a breakout point in the coming sessions.
  • Intraday Sup1: 8.4345, Sup2: 8.3984, Res1: 8.4851, Res2: 8.5139

MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.