Turkey: Hawkish message from Governor Cetinkaya – Rabobank

Turkey faces the prospects of inflation remaining well above the official 5% target for another two years, according to the latest quarterly inflation report published by the Central Bank of the Republic of Turkey (CBRT), notes Piotr Matys, EM FX Strategist at Rabobank.  Key Quotes “Th ...

EUR/TRY: Rebounds should be of limited amplitude – Natixis

Rebounds in EUR/TRY cross cannot be ruled out over the next few trading sessions but, given the weak daily volatility, they should be of limited amplitude, according to the research team at Natixis. Key Quotes “A recovery back above the resistance around 4-4.0070 (upper band of dail ...

EUR/TRY: Deeper downside correction on the cards – Natixis

Micaella Feldstein, Research Analyst at Natixis, suggests that the erosion of the 3.8430-3.86 area (weekly parabolic) for EUR/TRY pair is bearish as it undermines the weekly upside parallels and suggests a deeper downside correction. Key Quotes “Besides, downside parallels have emerged on th ...