GANN Markets Forex

News

13 January 2021

EURTRY: RISES ARE SUPPRESSED IN THE PARITY

The calendar-adjusted domestic industrial production index increased by 11.0 percent in November 2020, above the expectation of an 8.3 pe...

07 January 2021

CRITICAL 10.0 SUPPORT LEVEL IN GBPTRY PASSED

After the CBRT accelerated the tightening steps and announced that it will maintain its current stance for a while, the appreciation of T...

06 January 2021

EURTRY: 9.0 THRESHOLD REMAINS CRITICAL

Although there was a slight tension in the parity, which started with the potential to retreat to the new week, after the domestic inflat...

04 January 2021

DOWNWARD TREND ACCELERATED IN USDTRY

In the last interest meeting of the year, with the decision to increase the rates by 200 basis points, which was above the expectations, ...

28 December 2020

XAUTRY PRICES FAIL TO ATTEMPT TO BOUNCE UP

With the announcement of US President Trump that he signed the $900 billion economic support package and the $1.4 trillion budget bill ap...

28 December 2020

USDTRY: PAIR RETURNS FROM THE 7.55 LEVEL!

While indices were off due to the Christmas break, the transaction volumes remained quite low. The Covid-19 relief legislation was passed...

22 December 2020

HAS THE DEMAND FOR SAFE HAVENS WEAKENED?

In the wake of the news of a fast-spreading mutation of Covid-19 in the UK, the growing epidemic concerns created a sudden purchase poten...

22 December 2020

MUTATION NEWS EFFECT FELT ON GRAM GOLD PRICES

After the news of a faster-transmitted mutation of the coronavirus in the UK, it was announced that countries could apply stricter meas...

21 December 2020

CBRT RATE EXPECTATIONS EFFECTIVE ON USDTRY PRICING

Expectations for an increase in interest rates for the CBRT meeting to be held this week trigger a downward trend on TL assets, which g...

14 December 2020

USDTRY: PAIR RETURNS FROM RALLIES TOWARDS 8.0 LEVEL

US President Trump last week signed a bill that paved the way for imposing sanction on Turkey for the purchase of S-400 air defense sys...

11 December 2020

RISE IN GBPTRY CONTINUES TO BE SUPPRESSED

While bilateral talks between the UK and the European Union continued throughout the week, EU Commission President Ursula von der Leyen...

07 December 2020

USD/TRY CONTINUES MOVING ABOVE 7.80 LEVEL

In the USA, the non-farm payrolls announced on the last trading day of the week came in below expectations. While the NFP figure in Nov...

03 December 2020

GBPTRY CURBS RISES, MOVES FLAT

In GBPTRY, which spent the week with a limited upward momentum, the gained upward trend after the domestic consumer price index in...

02 December 2020

EURTRY: MAINSTAINS EFFORT TO SETTLE ABOVE 9.40 LEVEL

While news about vaccine developments in the markets triggered the risk appetite positively, Pzifer and BioNTech announced that they appl...

30 November 2020

TURKISH CENTRAL BANK EFFECT CONTINUES IN USD/TRY PRICING

The Central Bank of Turkey (CBT) Monetary Policy Committee meeting, stating that the economic activity lost momentum in minutes, also&nbs...

26 November 2020

10.50 THRESHOLD CRITICAL ON GBPTRY

While there was an upward movement towards 10.75 in GBPTRY, which started the week quite weakly, due to Turkish Lira assets, the retreat ...

23 November 2020

INTEREST RATE HIKE EFFECT ON USD/TRY SHORT LASTED

At its monetary policy meeting on November 19, CBRT increased the policy rate by 475 basis points to 15 percent in line with the expect...

16 November 2020

TURKISH LIRA SIDELINED AFTER PERFORMING AGAINST DOLLAR

JP Morgan, Citigroup, Société Générale, and TD Securities took positions in favor of the Turkish Lira after...

12 November 2020

SALES DEEPEN IN GBPTRY

After the Turkish banking watchdog on Wednesday relaxed bank limits on swaps and other transactions, a step that could make Turkish ass...

11 November 2020

EURTRY IN FREE FALL AFTER DOMESTIC ECONOMIC DEVELOPMENTS

The Turkish Lira, which started the new week with the increase in the expectation that there will be a change in current economic polic...