So far we have noted macro buyers of upsides in EUR$ this am.. Cash flow has been light.
Lvls to watch being 1.4435 1.4451 1.4498 recent prev tops.
Market seems to be agreeing with Bloom’s rant this am..see my prev berg re USD weakness)
Weak TRY again on the open (MPC Tom.) Only seen 50 USD outflows from corporates on very low liquidity. Local specs are trying to fade rally.
NOTE TRYZAR weakness. Broke below 4.200 support yday….ZAR CPI at 9am
Maybe technicals adding to TRYZAR weakness this am too..
HSBC Global Research