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 this year would “definitely” affect Turkey negatively. Simsek also said that there was no indication of strong growth and that the official GDP forecast might have to be downwardly revised after the government is established as the authorities had not envisaged uncertainty for H2 2015″.
from the technical side
support levels :2.73 2.69
resistance levels :2.79 2.83-5 target
they are 2 scenario :
the first one moving up to 2.83-5 area
second keep moving up up to 2.79 , after that correction to 2.69-2.71 and from there all the way up to 2.83-5
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