USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50

1/27/2022 4:46:00 AM

USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50 By @anilpanchal7 #USDTRY #Politics #Fed #Inflation #Crosses

USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50 By anilpanchal7 USDTRY Politics Fed Inflation Crosses

USD/TRY picks up bids to $13.60, reversing the early Asian pullback on Thursday, as market players cheer the US Federal Reserve’s (Fed) hawkish play.

oil , whereas the US 10-year Treasury yields rose the most in three weeks, up eight basis points (bps) to 1.Chairman Jerome Powell will also address the media.All three major U.Swiss Franc , and longer-dated US Treasuries.

87% by the end of Wednesday’s North American session.That said, the US T-bond yields stay firmer around 1.While the Fed has yet to formulate a plan for balance sheet runoff, here is a first look at how respondents believe it could happen: $380 billion to come off the $9 trillion balance sheet this year and $860 billion in 2023.85% while the S&P 500 Futures drop 0.The indexes enjoyed a brief surge after the Federal Open Markets Committee left key interest rates near zero.65% by the press time.$2.Looking forward, comments from Turkey and geopolitical tension surrounding Russia and China may entertain USD/TRY traders.is currently being tested.

However, major attention will be given to the first readings of the US Q4 GDP and Durable Goods Orders for December.Most support the Fed reducing the mortgage portfolio before Treasurys, letting short-term Treasurys runoff before long-term ones and only reducing the balance sheet by not replacing securities that mature, rather than outright asset sales.com Register "With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate," the statement said.Technical analysis Unless successfully crossing a five-week-old descending trend line, around $13.70 at the latest, USD/TRY remains lackluster."The wave of liquidity and the zero-interest policy have distorted all markets.That said, the 21-DMA level of $13.The Dow Jones Industrial Average.51 and the mid-January lows near $13." 91% of respondents say the Fed is significantly or somewhat late in addressing inflation.The number of traders net-long is 1.

15 could challenge the pair bears.Information on these pages contains forward-looking statements that involve risks and uncertainties.Naroff, president, Naroff Economics LLC, in response to the survey.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.You should do your own thorough research before making any investment decisions.The S&P 500 is seen ending the year at 4,658, or a 5.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall.

It also does not guarantee that this information is of a timely nature.That's down from the December forecast of 4752.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.The CNBC Risk-Reward ratio, which gauges the probability of a 10% increase or decline in stocks over the next six months, fell to -14 from -11 in the last survey.The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.The author will not be held responsible for information that is found at the end of links posted on this page.While the outlook for Fed tightening has increased, respondents' economic outlook actually improved.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.The author has not received compensation for writing this article, other than from FXStreet.46% this year, up by half a point, and to 3.FXStreet and the author do not provide personalized recommendations.The author makes no representations as to the accuracy, completeness, or suitability of this information.Higher real or inflation-adjusted growth comes amid expectations for higher inflation, with the outlook for the CPI raised by about 0.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

Errors and omissions excepted.4% and to 3.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice..The unemployment rate is expected to fall to 3.

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