TURKEY: CBRT Governor Karahan to Meet With Brokerages and Portfolio Managers
Aug-28 07:11
- Turkey's trade deficit narrowed to $6.44bln in July from a revised shortfall of $8.21bln in June, the smallest deficit of the year. Exports rose 11.0% y/y while imports rose 5.4% y/y.
- Meanwhile, Turkey's economic confidence rose to 97.914 in August from 96.310 in July, the highest for the series since March.
- CBRT Governor Fatih Karahan will meet with executives from capital markets firms on Thursday, Bloomberg reported yesterday citing people familiar with the matter. CEOs of local brokerages and portfolio management firms are expected to attend.
- In an interview with Ekonomi newspaper, Jiang Xuebin, the Ambassador of the People's Republic of China to Turkey, said China consistently evaluates and develops its relations with Turkey from a strategic and long-term perspective. He added that the two countries' development strategies are largely aligned, and that bilateral cooperation holds tremendous potential.
- The central bank publishes weekly capital flows data this afternoon. July unemployment rate figures are due tomorrow morning.
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SONIA: Large Basis Trade
Jul-29 07:02
Large Sonia Basis trade, helps explain the Volume at that Expiry.
- SFIM7 10k at 96.42.
SILVER TECHS: Uptrend Remains Intact
Jul-29 07:00
- RES 4: $41.064 - 1.764 proj of the Apr 7 - 25 - May 15 swing
- RES 3: $40.285 - 1.618 proj of the Apr 7 - 25 - May 15 swing
- RES 2: $40.000 - Psychological round number
- RES 1: $39.655 - 1.500 proj of the Apr 7 - 25 - May 15 swing
- PRICE: $38.092 @ 08:00 BST Jul 29
- SUP 1: $37.843 - 20-day EMA
- SUP 2: $36.452 - 50-day EMA
- SUP 3: $35.285 - Low Jun 24
- SUP 4: $33.967 - Low Jun 3
Trend signals in Silver are unchanged, they remain bullish. Gains early last week reinforce current trend conditions - the metal traded above resistance at $39.132, the Jul 14 high. The break confirms a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on $39.655 next, a Fibonacci projection. On the downside, initial support to watch lies at $37.843, the 20-day EMA.
MNI: SPAIN Q2 FLASH GDP +0.7% Q/Q, +2.8% Y/Y
Jul-29 07:00
- MNI: SPAIN Q2 FLASH GDP +0.7% Q/Q, +2.8% Y/Y
