Basci Signals Interest Rate Cut / USDTRY / 28/01/2015 10:13:10Yesterday Central Bank president Erdem Basci speaks was followed in domestic side. Basci said that; if the fall in the inflation rate is bigger than a percentage point, then there may be a make an evaluation. It’s a long time until Feb.24. After that the USDTRY pair moved upward. Also durable goods orders came in lower than market expected in the...
US. Also durable goods orders declined compared to the previous year. But consumer confidence and new home sales data stay remained above expectations.
Today FED’s rate decisions and policy statements will be followed in the US side.
Technically the pair holds on above the 2,3580 level. In case of the pair staying above the this level, then the 2,37 and the 2,38 level would be aimed. However in case of the pair breaking the 2,3580 support level, then the 2,3420 level would be tested.