Chart of the day - USDTRY (02.12.2021)

Turkish lira is drawing a lot of attention as of late, thanks to the shenanigans of the Turkish president. Erdogan continues to exert pressure on the Central Bank of the Republic Turkey, saying that he will continue to fight high interest rates for as long as he is in the post. Intervention on the FX market made by CBRT yesterday provided only a short-term relief and TRY resumed slide against major currencies later on. Turkish currency continued to weaken further during the Asian session following reports saying that Erdogan has fired the Turkish finance minister, Lutfi Elvan, and appointed his deputy, Nureddin Nebati, for the post. The decision came after Erdogan and Elvan disagreed on the monetary policy outlook, especially aggressive rate cuts.

Taking a look at the USDTRY chart at H1 interval, we can see that the pair experienced massive moves yesterday when CBRT intervened. However, the pair has quickly recovered most of the losses. USDTRY tested 13.52 swing area this morning but failed to break above so far. However, 50-hour moving average (green line) acted as a support and the pair may be eyeing another test of the 13.52 area.

Source: xStation5

15 May 2026, 7:21 PM

Daily summary: A week closed with declines – is the market starting to fear inflation?

15 May 2026, 6:08 PM

Three markets to watch next week: US100, GBPUSD, GOLD (15.05.2026)

15 May 2026, 3:23 PM

Bond Markets Sell Off❗️TNOTE Dips Below 1-Year Low 📉

15 May 2026, 1:22 PM

Kevin Warsh Faces the Fed’s Biggest Test Yet. Trump Wants Rate Cuts, Inflation Says “No”

Forex

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days