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Last minute: never seen like this for the dollar price: the data is amazing! Lowest in 10 Years … Islam Memiş Warning to Investor Not Delayed – The Right Address for Financial News

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Last minute: After aggressive central bank policies have started to turn aggressive, recessionary prices in markets, which lie between fear of inflation and risk of recession, are gradually overcoming inflationary fears. With the completion of the first half of the year, adjustments in fund managers’ portfolios should increase market volatility, while signals from intensified macroeconomic data should play an important role in pricing.

After the US Federal Reserve (Fed) announced that the country’s banks had passed their stress tests during the week, dividend payouts and the banks’ share buyback programs helped the New York stock market start yesterday with a increase close to 1%. .

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THE DATA HAVE REACHED THE PRE-RESESSION LEVEL

On the other hand, the Conference Board’s Consumer Confidence Index, which fell to 98.7, the lowest level in 16 months, and parts of the index indicating a recession, ended the positive atmosphere in the stock markets and accelerated selling pressure. As a result, while the expectations index has fallen to its lowest level in 10 years, the difference between the expectations index and the current situation index has generally reached pre-recession levels.

On the other hand, growing rumors on Wall Street that it might make sense to revise record profitability expectations before next fiscal season is one of the situations that have eroded investors’ risk appetite.

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HOPE FOR INFLATION

Fed officials, on the other hand, continue to believe that the country’s economy, which has suffered the strongest inflation in the past 40 years, may make a soft landing. While New York Fed Chairman John Williams and San Francisco Fed Chairman Mary Daly, who made statements yesterday, reiterated that they should reduce inflation, Daly said he believes the Fed’s steps could reduce the rate. of growth of the country’s economy to a more sustainable level.

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75 LARGE CUT BASE POINTS OF INTEREST REDUCTION

While bond markets are observed to be dominated by a sell-weighted trend with yesterday’s developments, investors are expected to follow the price closely here following the reversal of the yield curve of some assets. Regarding prices in money markets, although a 75 basis point increase in the interest rate was considered certain at the July meeting, it is interesting to note that the probability of a 75 basis point increase has decreased from 96% to 86%. . Expectations for a 50 basis point rate hike at the September meeting continue to strengthen.

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HOW DRY IS THE DOLLAR / TL TODAY?

With these developments, the dollar index is trading at 104.6 with an increase of 0.2 percent, while the euro / dollar parity is moving at 1.0510, 0.1 percent below the level of previous closure. Moving into an uptrend yesterday, the dollar / TL ended the day at 16.6747, 0.7 percent above its previous close. Dollar / TL goes on sale at 16.68 lire after a flat start to date. In the same minutes, Euro / TRY found buyers at 17.52 with a decrease of 0.1 percent.

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COMMENT OF THE DOLLAR OF ISLAM MEMİŞ

In his assessment of the fluctuating trend in the dollar rate, İslam Memiş, a specialist in money markets and gold, said: “On Monday we had a rate that fluctuated in the wide range. The USD / TL rate fell to 16.07. Gram gold saw 950 lire. He recovered during the day and pushed resistance levels yesterday. For the USD / TL rate, I will follow the 16.56 – 16.76 range throughout the day. Broadband ranges are making a comeback. In the past few weeks, we have seen that the upside is in a tighter and tighter band range. This week you need to be prepared for broadband ranges. Particular attention should be paid to the spacing of the scissors. After each sharp pullback, we see bank gaps seriously open. This is also the case in the Grand Bazaar market. For this reason, you shouldn’t be looking for the fund to buy. Even my grandfather couldn’t find the bottom. Let’s take an example, there are 16.65, 16.75 people who have sold over 17, but there are still unsatisfied friends. There are friends who have exceeded their own will. I wanted to particularly emphasize the ranges of the truss. The prices you see on the screen are not valid when you want to buy dollars.

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