49.531
Today
+0.34%
5 Days
+0.68%
1 Month
+2.02%
6 Months
+10.61%
Year to Date
+15.63%
1 Year
+18.66%
Opening Price
49.438Previous Closing Price
49.361
As long as 49.5480 is support, look for 49.6286
below 49.5480, expect 49.5184 and 49.5007.
As long as 49.5480 is support, look for 49.6286
Societe Generale strategists report expectations that Central Bank of the Republic of Türkiye (CBRT) will hold rates at 37% on Thursday versus consensus for a 100bp cut to 36%. They cite softer growth and liquidity strains versus sticky inflation expectations as reasons for caution. They flag Governor comments on allowing Lira weakness, limited inflation pass-through, and new MSCI-related equity market risks alongside a sharp Borsa Istanbul 100 decline.
Commerzbank’s Tatha Ghose reports that Central Bank of the Republic of Türkiye (CBRT) Governor Karahan claims a faster Lira depreciation is being allowed to avoid a sharper future devaluation.
Tatha Ghose at Commerzbank reports Turkey’s September Consumer Price Index (CPI) fell below 30% year-on-year, with softer month-on-month gains, creating scope for the central bank to cut rates by 100 bps.
Commerzbank’s Tatha Ghose notes USD/TRY has broken above 49.0, continuing a pattern of defended levels being breached in step-jumps. He downplays the broader systemic impact of a Turkish stock market scandal and instead highlights surging fuel-driven inflation and the prospect of CBT rate cuts. Ghose warns that an easing cycle in an inflation-vulnerable economy is the key risk for the Lira.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
