TURKEY: Electricity Consumption Points to Weak Industrial Performance in 1H
Sep-17 07:06
- Ekonomi run a piece in which they note that the weak performance of industry in 1H has been reflected in electricity consumption patterns. They say billed electricity consumption increased less for industry than for all other consumption types, remaining almost flat with a 0.57% increase. Its share of total electricity consumption also declined, from 42.1% to 40.68%.
- The CHP has chosen “No to coups and trustees” as the slogan for its extraordinary congress on September 21. Speaking about the congress, party officials told Cumhurriyet newspaper that discussions about whether the court would bring Kemal Kilicdaroglu in are over.
- Treasury & Finance Minister Mehmet Simsek is set to speak in an interview with AHaber TV shortly. No major data releases are scheduled for today.
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MNI EXCLUSIVE: Chinese Ministry of Commerce advisor comments on trade talks
Aug-18 07:03
A Chinese Ministry of Commerce advisor comments on the outlook for trade talks with the U.S - On MNI Policy MainWire now, for more details please contact sales@marketnews.com
EURJPY TECHS: Trend Structure Still Bullish
Aug-18 06:59
- RES 4: 177.08 2.000 proj of the Feb 28 - Mar 18 - Apr 7 price swing
- RES 3: 175.43 High Jul 11 ‘24 and a key medium-term resistance
- RES 2: 174.86 1.764 proj of the Feb 28 - Mar 18 - Apr 7 price swing
- RES 1: 173.97 High Jul 28 and the bull trigger
- PRICE: 172.36 @ 07:58 BST Aug 18
- SUP 1: 170.10 50-day EMA
- SUP 2: 169.73/45 Low Jul 31 / 23.6% of the Feb 28 - Jul 28 bull leg
- SUP 3: 168.46 Low Jul 1
- SUP 4: 167.46 Low Jun 23
The underlying bull trend in EURJPY remains intact and for now the recent move down is considered corrective. Key support to watch lies at the 50-day EMA at 170.10. A clear break of the EMA is required to highlight a stronger short-term bearish threat. Moving average studies remain in a bull-mode position highlighting an uptrend. A break of the Jul 28 high of 173.97, would resume the bull cycle.
GILTS: Opening calls
Aug-18 06:56
Gilt calls, 91.02/91.09.
