Turkish lira hits all time numbers USD/TRY made sharp move this early morning and climbing to 3.0 area.investor are concerns about security situation and political situationPresident Tayyip Erdogan cautioned that Turkey is rapidly heading toward an election.Meanwhile PKK bombing kills 8 Turkish soldiers in southeast , adding that the likely Fed monetary tightening this year would “definitely” affect Turkey negatively. from the technical side:we…
Why EurAud are the Secret Ingredient Bearish Run of Australian Dollar (AUD) Start with Economic Data from China, Weak data arrived from China over the weekend, disappointing expectations as the year-on-year Exports in particular reported a decrease of unanticipated severity, contracting by -8.3%. The continued slowdown of the Chinese economy is still weighing on the commodity currencies, with the ‘Aussie’…
eurusd comeback or its just correction time eurusd was pushed higher after last Friday NFP result, Friday close and a move to new day highs. earlier in the Asia-Pacific session, the price found support buyers in 1.0920 area. Fed’s Fischer suggests September rate hike not a done deal “The interesting situation in which we are is that employment has…
Where Usdchf are Headed in the next period usdchf consolidating for more than three months across a technical retrenchment zoneYou may notice, the technical format of the triangular formation reflect at the chartmove above 0.9720 – 0.9860 opens a clear bullish sign area could trigger further bullish pressure to higher levels such as 1.12move below 0.9330 – 0.9260 opens a clear bearish sign area could trigger further bearish pressure to…
usdtry by the numbers USD/TRY briefly climbing to 2.777 area, and most government bond yields rising up to 27bps. investor are concerns about security situation Meanwhile, there were comments from Finance Minister Simsek, who said” that while productive talks on coalition with CHP were going on, AKP actually did not see a partner for it, adding that the likely Fed monetary tightening…
How Low Can Kiwi Go? New Zealand dollar Reserve Bank cut the official cash rate by 25 basis points last week“While the currency depreciation will provide support to the export and import competing sectors, further depreciation is necessary given the weakness in export commodity prices,” Mr Wheeler said yesterday in the statement”.An interest cut would normally deter investors due to lower…
2 facts about eurusd that will improve your trading eurusd was pushed lower after failure to break above 1.1460 levelIn the long term, a projection target stay under 1.00, proving that a bearish breakdown of the monthly demand level at 1.0550 occurs.Multiple ascending bottoms were established around the levels of 1.0460, 1.0550, 1.0640 ,1.0720-80 ,1.0820-90. These levels corresponded to the…