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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
- Liquidity evaporates in USDTRY above 11.00, sparking a rapid move above the next psychological mark to print fresh all-time highs at 11.3118.
- This extended the daily range to a massive 8.25%, before the pair has consolidated somewhat back towards 11.10/15, currently up 4.5% for Thursday.
- The days advance strings together 8 consecutive positive sessions, strengthening roughly 17% during that timeframe.
- All Fibonacci projections have been blown out with the price action gathering significant momentum following the 100bp rate cut from the CBRT. Comments from the central bank on potentially ending the rate cuts in December may take focus over the coming weeks.
MNI/Bloomberg
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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