October Inflation Announced: Monthly 2.58%, Annual 29.77%

Inflation data for October have been released. Accordingly, inflation was 2.58% on a monthly basis. On an annual basis, inflation was recorded at 29.77%. This data reveals the annual outlook for price increases. Monthly and annual inflation rates are among the indicators closely monitored for price stability and purchasing power. Not investment advice.

📊 EURTRY — Piyasa Yorumu

■ neutral · 45%

October inflation remains elevated at 2.58% month-on-month and 29.77% year-on-year; this could create depreciation pressure on the Turkish lira and keep upside risk alive in EURTRY. However, the price last closed at 55.99, just above the SMA20 and SMA50, with RSI at 54 in neutral territory and MACD below its signal line; the technical outlook does not provide a clear direction. Since the 24-hour change is nearly flat, the news impact on price may be limited. In the short term, sustained trading above 56.00 could strengthen the upside, while a drop below 55.90 could reinforce the downside. Therefore, a cautious/neutral stance is appropriate rather than a clear directional bias.

RSI 14

54.1

MACD

0.01

24h Δ

-0.00%

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