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28 Apr 2020

USD/TRY: 7.00 psychological mark reached – Commerzbank

USD/TRY has reached the 7.0000 mark as expected above which lies the August 2018 peak at 7.1310, Karen Jones from Commerzbank informs.

Key quotes

“Further 7.000 sits the August 2018 peak at 7.1310. Above it, a 423.5% Fibonacci extension can be found at 7.3179.” 

“Immediate upside pressure should be maintained while the cross remains above the mid-April low at 6.8306.” 

“Minor support 6.8306 this level is seen at the 6.7943 April 8 high.”

Apr 28, 2020

US Treasury Sec. Mnuchin: Big bounceback in economy expected by August and September

US Treasury Secretary Steven Mnuchin said on Tuesday that demand is expected to moe back as states reopen and noted that a big "bounceback" in the eco
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Apr 28, 2020

Base Metals: Exhibiting a strong downtrend – TDS

The covid shock has translated into a broad convergence, with all metals in the industrial complex trading in line with the commodity demand indicator
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