Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
Tag - try
The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
EUR/USD fell to a 33-month low. What's next? Which events will move GBP/USD, USD/JPY, and AUD/USD this week?
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
Turkish lira is under strong pressure down for last three days. Is it going to continue?
USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372.
De-escalation between the US and Turkey and News for the GBP are on the agenda
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
This week, the Turkish lira has experienced a selloff, and USD/TRY jumped to the highest levels since the end of August in the 5.88 area.
USD/TRY ran into the resistance of 5.83. Traders are taking profit and readjusting positions after a very big advance that happened on Monday.
The trading session is expected to be news-driven with US-China trade tensions and updates on Brexit.