Fitch Affirms Turkey's Credit Rating at 'BB-'

Fitch's confirmation of Turkey's credit rating came as no surprise to the market, so no sharp movement is expected in the short term. Technical indicators show the RSI at 52, in neutral territory, while the MACD remains slightly below the signal line, offering no clear directional signal. The price is trading above the 20- and 50-day moving averages, but upward momentum is weak. As the impact of the news is likely to be limited, USDTRY is expected to continue trading within its current narrow range.

As Fitch's confirmation of Turkey's credit rating came as no surprise to the market, no significant directional impact on EURTRY is expected. Technical indicators point to weak selling pressure: the RSI is neutral at 45, the MACD is below its signal line, and the price is below both the 20-day and 50-day moving averages. In the short term, a sideways movement in the 53.90-54.00 band appears likely. Since the news merely confirms the existing rating, it is not expected to increase volatility.

Fitch's confirmation of Turkey's credit rating was an expected development for the market, so it may have a limited short-term impact. AKBNK stock is technically showing a weak outlook; the RSI is approaching oversold territory at 37, while the MACD is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, indicating short-term pressure. Although the news is positive, the weakness in technical indicators and the recent downward trend make it difficult to determine a clear direction. Therefore, a sideways movement can be expected in the short term.