Money Analysis: Lira to Remain Strong, Rates to Fall, BIST Target 19,800

The Turkish lira's strength and declining interest rates may boost overall risk appetite, but this development does not directly affect US-based technology companies such as GOOGL. While expanding global liquidity could support markets in the short term, no significant impact on Google's stock price is expected. Other macroeconomic factors and the company's own performance will play a more important role for GOOGL. Therefore, short-term guidance remains neutral in light of the current news.

USDTRY is trading at 46.80, above both the 20-day SMA (46.76) and the 50-day SMA (46.71). The RSI at 59.3 is in neutral territory but indicates upward momentum. The MACD line is above the signal line and in positive territory, supporting a short-term bullish trend. Although the news headline suggests the Turkish lira will remain strong, the slight bullish signals in technical indicators and the current price above moving averages point to limited upside potential for USDTRY. However, the lira-positive news may cap the strength of any upward move.

EURTRY is trading above its 20- and 50-day moving averages, with the RSI at 57 in neutral territory. Although the MACD remains below the signal line, the price maintains a short-term uptrend. News headlines suggest the Turkish lira may strengthen and interest rates could decline, potentially creating downward pressure on EURTRY. However, the current technical structure and positive momentum indicate that an upward move could continue in the near term. As a result, a limited bullish outlook is emerging.

The GBPTRY pair continues its short-term upward trend despite expectations of a stronger Turkish Lira. Technical indicators show RSI at 57, in neutral territory, while MACD is below the signal line but in positive territory. The price is trading above the 20- and 50-day moving averages, indicating sustained bullish momentum. Although news headlines favor the TL, the current technical structure supports upward movement in the short term. However, expectations of TL strength could pressure the pair in the medium term, posing a risk of limited upside.