CBRT: Turkey's Net IIP Deficit at $391.7 Billion in May
📊 SON — Piyasa Yorumu
■ neutral · 60%The news indicates that Turkey's net international investment position deficit stood at $391.7 billion in May. This data may point to external vulnerabilities, but it is likely a figure largely anticipated by the market. In technical indicators, the RSI is approaching overbought territory at 65, while the MACD remains positive and above its signal line. In the short term, the price at 56.55, above the 20- and 50-day moving averages, supports the upward trend. However, the impact of the news may be limited, and the market could maintain its current trajectory.
📊 USDTRY — Piyasa Yorumu
■ neutral · 60%USDTRY is trading flat at 47.18, with the RSI at 55 in neutral territory. The MACD is near its signal line, indicating weak momentum. Although the increase in the net UYP deficit announced by the TCMB could be a factor boosting foreign exchange demand, the market may have largely priced in this data. In the short term, consolidation within the 47.10-47.20 range may continue, as no clear directional signal has emerged.