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TRY could set the tone for its peers - Rabobank

Rabobank analysts point out that at the start of a new week of trading, TRY is the weakest link due to its specific domestic factors.

Key Quotes

“The sharp spike in USD/TRY has caught the attention of other USD/EM pairs with USD/ZAR also looking nervous.”

“Essentially, contagion from Turkey could spill into other EM countries if the lira selloff escalates markedly in the coming weeks.”

US: Focus on Factory Orders and Durable Goods Orders data – TDS

In view of analysts at TD Securities, US factory orders are expected to have declined 0.5% m/m in February, following two consecutive 0.1% increases i
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Oil: An impressive run higher - TDS

According to TD Securities analysts, Crude oil has continued its impressive run higher, with WTI reaching as high as $62.99/bbl in recent days, while
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