Tag Archives: USD/TRY
Turkey watchers
Turkey’s current account deficit came out in line with expectations at about USD4.0bn in August. The deficit was at 5.3bn in July. Compared to August last year, the deficit is up 30% but the important point is that there is a clear slowdown in the pace.
HSBC: Currencies: Technical Analysis: USD bull momentum building
The breakdown in Cable, the break up in USD-TRY and the continued wave structure in EUR-USD all point to a continuing USD rally. As long as 1.4442 holds as resistance in EUR-USD the immediate focus should be on the downside. The March lows in stock markets remain the key pivot point.
Technical Analysis: Technical Alert
After Thursday’s big moves Friday became a day of correction/congestion but risk off appears to be back already today. EURUSD’s rejection from 1.4340, the breaking point, turn focus to new lows in the 1.3720/3835-area, EURJPY staying power beneath the cloud will continue to weigh on the pair,
HSBC: Currencies: Technical Analysis: USD-TRY breakout alert
USD/TRY is very close to breaking up through significant resistance. A dramatic move higher should be anticipated. The underlying wave structure in EUR/USD remains very bearish and stock markets are testing key support.