Interest Rates Hit 31-Year High

Interest rates rising to a 31-year peak creates valuation pressure for growth stocks, and tech giants like GOOGL are typically negatively affected in this environment. However, the stock is currently above its SMA20 and SMA50, the RSI at 58 is not in overbought territory, and the MACD is very close to its signal line; this suggests the decline may be limited. The 24-hour change is nearly flat (-0.09%), meaning the news may not yet be priced in. In the short term, I expect a downward reaction, but a strong sell-off would require additional confirmation. Since the medium-term trend is still positive, the bearish signal is cautious.

The rise in Turkish interest rates to a 31-year peak may support short-term capital inflows into the Turkish lira, potentially creating downward pressure on EURTRY. However, technical indicators are mixed: RSI at 53 is neutral, MACD is slightly above the signal line, and the price is moving sideways around the 20-day and 50-day simple moving averages. The impact of the news may be limited; the market may have already priced in the rate hike. In the short term, a volatile course is expected in EURTRY rather than a sharp decline. Nevertheless, downside risks are prominent due to news flow favoring the Turkish lira.