Three-Week Decline in Central Bank Reserves Ends

The total gross reserves of the Central Bank of the Republic of Turkey (CBRT) recovered in the week of November 6 after a three-week decline. Reserves rose by approximately $3 billion to $161.1 billion. This increase in gross reserves signals the end of the recent downward trend. The recovery in reserves stands out as a closely watched indicator in the markets. Net reserves excluding swaps also rose in the same week, reaching $27.44 billion. This increase in net reserves is being assessed together with the improvement in gross reserves. The movement in reserves is among the data that investors carefully monitor in terms of monetary policy and external financial conditions. Not investment advice.

📊 USDTRY — Piyasa Yorumu

■ neutral · 55%

The end of the three-week decline in reserves is a mildly positive signal for the Turkish lira, though its effect is limited. RSI stands at 63, close to overbought territory but not yet there; MACD is slightly above its signal line and price is trading very close to SMA20/SMA50. The 24-hour change is nearly zero, with the market flat and indecisive. The news alone is not sufficient to determine short-term direction; while the reserve improvement supports the lira, DXY and interest rate dynamics will be decisive. I therefore foresee a neutral outlook for the next 1-3 days.

RSI 14

63.3

MACD

0.01

24h Δ

-0.00%

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