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TRY seesaws near $13.50 even as Turkish President Erdogan prepares to boost lira interest

TRY seesaws near $13.50 even as Turkish President Erdogan prepares to boost lira interest

USD/TRY consolidates largest every day positive factors in a week inside $13.57-50 range. Turkish President Erdogan braces for 2022 to be Turkey’s “brightest year”. US Treasury yields seesaw round two-year excessive amid Fed fee hike…

Market News
CAD Price Analysis: The bulls and bears battle it out at crucial support

CAD Price Analysis: The bulls and bears battle it out at crucial support

Bears are lined up for draw back extensions from the crucial each day resistance. The bulls want to have interaction at this vital juncture. As per the prior analysis, USD/CAD Price Analysis: The hourly 61.8%…

Market News
AUD Price Analysis: Consolidation in play, 0.7150 eyed while below 0.7230, daily support is key

AUD Price Analysis: Consolidation in play, 0.7150 eyed while below 0.7230, daily support is key

As per the prior analysis, AUD/USD Price Analysis: Inverse H&S in the making from 0.7200 support, AUD/USD is on the verge of both a smash to the upside of a run under integral each day…

Market News
CNY fix: 6.3521 vs the estimated 6.3522

CNY fix: 6.3521 vs the estimated 6.3522

In current alternate today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3521 vs the estimated 6.3522 and the preceding 6.3599. About the fix China keeps strict manage of the yuan’s price…

Market News
USD/TRY Price Analysis: Bears stay in charge despite firmer US dollar

USD/TRY Price Analysis: Bears stay in charge despite firmer US dollar

Technically, USD/TRY stays caught in a sideways vary between the thirteen and 14.00 areas. The US dollar, as measured through the DXY index, is more impregnable and correcting the latest bearish thrust under day by…

Market News
China data beats expectations besides Retail Sales miss, AUD/USD holds around 0.7200

China data beats expectations besides Retail Sales miss, AUD/USD holds around 0.7200

The Gross Domestic Product (GDP) launched by using the National Bureau of Statistics of China has been launched as follows: China GDP (YoY) Q4 4.0% (est 3.3%; prev 4.9%). China Q4 2021 GDP 1.6% QoQ.…

Market News
US Retail Sales: Despite December’s decline, outlook still positive – Wells Fargo

US Retail Sales: Despite December’s decline, outlook still positive – Wells Fargo

Data launched on Friday amazed to the draw back with a 1.9% slide in December Retail Sales. Analysts at Wells Fargo factor out the decline was once broad-based. They see cratering in retail income greater…

Market News
JPY tumbles to three-week lows near 113.50

JPY tumbles to three-week lows near 113.50

Japanese yen advantages amid susceptible US information and hazard aversion. DXY erases losses and turns superb at some point of the American session. USD/JPY has the largest weekly loss in a year. The USD/JPY prolonged…

Market News
USD/TRY Price Analysis: Bulls are testing critical daily resistance

USD/TRY Price Analysis: Bulls are testing critical daily resistance

USD/TRY bulls are coming up for air into resistance. USD/TRY bulls want to smash the neckline of the M-formation. Technically, USD/TRY is caught in a sideways vary between the thirteen and 14.00 areas. From a…

Market News
EUR/USD Price Analysis: Bulls eye an extended rally towards monthly targets

EUR/USD Price Analysis: Bulls eye an extended rally towards monthly targets

EUR/USD meets indispensable resistance and should be on the verge of a correction. The bears will be searching for a restest of the 1.1400 area. Bulls have their eyes on longer-term 1.17 vicinity as a…