Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
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Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
After last weeks surprise rate cut by the CBRT, USD/TRY moved to its highest level since December 20th, 2021.
If the US Dollar remains strong, emerging markets may continue to feel the pinch
Could this move above 10 just be a “buy the rumor, sell the fact” heading into the central bank meeting?
If Turkey continues to threaten retaliation against the Kurdish YPG militants or if there is a continued threat that the CBRT will cut rates once again, USD/TRY may continue to put in all-time new highs
USD/TRY should offer many trading opportunities this week
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