Absolute Nullity Crisis Enters Second Day: Borsa Declines, CDS Rises

The USDTRY pair technically maintains its upward trend. The RSI at 63 has not approached the overbought zone, while the MACD remains positive above its signal line. The price is trading above both the 20-day and 50-day moving averages. The 'Absolute Nullity Crisis' mentioned in the news headline and the decline in the stock market indicate a decrease in risk appetite that could put pressure on the Turkish lira. In the short term, these developments are expected to provide upward support for USDTRY.

AKBNK shares experienced a sharp decline of over 10% yesterday, with the RSI dropping to 13, entering oversold territory. MACD values remain in negative territory and below the signal line, confirming weak momentum. The news headline, 'Absolute Nullity Crisis,' has created a perception of systemic risk, negatively impacting market confidence. Although short-term technical indicators point to oversold conditions, the likelihood of a continued downward trend is high due to uncertainty in news flow and macro risks. Therefore, the direction is bearish, with a medium-high confidence level.

ASELS stock has lost 7.6% in the last 24 hours, with its RSI falling to 27, indicating oversold conditions. The MACD line remains below the signal line and in negative territory, suggesting weak short-term momentum. News headlines point to a general risk-off sentiment in the markets, which could negatively impact high-beta stocks like ASELS. Although technical indicators signal oversold conditions, macroeconomic uncertainties and selling pressure suggest a high probability of continued decline. No short-term recovery is expected, but the pace of decline may slow due to the oversold zone.