Turkish Markets Daily on Nostr: Midday Notes US inflation is the headline of the day. On the other side, CBRT ...
Midday Notes
US inflation is the headline of the day. On the other side, CBRT Governor Hafize Gaye Erkan will meet with international investors in NYC. After all these developments, Moodys' will start to be expected. BIST30 is clinging to the bearish channel resistance at 8600. Following the 7840-8600 reversal, volatility may increase in both directions and the struggle in search of direction will continue. Divergences within the banking sector may also continue. Support levels for the day can be monitored as 8550-8500 and resistance zone as 8600-8650.
Translated with DeepL
US inflation is the headline of the day. On the other side, CBRT Governor Hafize Gaye Erkan will meet with international investors in NYC. After all these developments, Moodys' will start to be expected. BIST30 is clinging to the bearish channel resistance at 8600. Following the 7840-8600 reversal, volatility may increase in both directions and the struggle in search of direction will continue. Divergences within the banking sector may also continue. Support levels for the day can be monitored as 8550-8500 and resistance zone as 8600-8650.
Translated with DeepL