Turkey
Economy
The rally in the Turkish lira since the beginning of March has the potential to run further, with our short-term target set at TRY1.4700/US$. Certainly, the movement of the currency...
2009-06-04Economy
The Turkish lira is currently testing a key short-term support level between TRY1.2000-1.22000/US$, a firm breach of which would set the stage for a move back to TRY1.2700/US$. That...
2008-08-28Economy
We expect the Turkish lira to continue to trade sideways within TRY1.1400-1.2500/US$ in the short term. Amid persisting global financial market ructions and rising risk aversion,...
2008-02-07Economy
After appreciating an impressive 15.2% since August 17, to at one point trade at TRY1.2045/US$ on October 1, the Turkish lira is expected to continue making gains against the US dollar...
2007-10-02Economy
In line with our view, the global market ructions resulting from US credit concerns have not reversed the steady positive trend of the Turkish lira. After bouncing off short-term...
2007-08-08Economy
Middle Eastern and African sovereigns are still enjoying a strongly supportive external environment, but micro challenges are beginning to build. Fundamental global economic strength...
2007-06-14Economy
EM correction? What EM correction? Investors in Middle Eastern and African (MEA) credits can be forgiven for downplaying the February global correction that dented developed and developing...
2007-03-30Economy
The Turkish lira continues to inch higher after the sell-off in May/June 2006. We note that 1-Year TRY Option Volatility is on the way down again. We suggested the trend was firmly...
2006-12-22



