Turkish Markets Daily on Nostr: Midday Notes The highly anticipated Moody's decision of the week is announced today ...
Midday Notes
The highly anticipated Moody's decision of the week is announced today (Moody's credit rating for Turkey is "B3" with a "stable" outlook). Balance sheets are starting to be announced in the US.
BIST30, foreign inflows, which have been prominent especially in the banking sector for the last two months, started to slow down. BIST30 reached the channel resistance at 8600. However, extra momentum is needed to overcome this region. Following the 7840-8600 reversal, volatility may increase in both directions and the struggle in search of direction will continue. Support levels for the day can be monitored as 8490-8400 and resistance zone as 8520-8600.
The highly anticipated Moody's decision of the week is announced today (Moody's credit rating for Turkey is "B3" with a "stable" outlook). Balance sheets are starting to be announced in the US.
BIST30, foreign inflows, which have been prominent especially in the banking sector for the last two months, started to slow down. BIST30 reached the channel resistance at 8600. However, extra momentum is needed to overcome this region. Following the 7840-8600 reversal, volatility may increase in both directions and the struggle in search of direction will continue. Support levels for the day can be monitored as 8490-8400 and resistance zone as 8520-8600.