Analysts at TD Securities suggest that the main highlight for Turkey is CBRT’s Q3 inflation report today. Key Quotes “With headline CPI running at 15.4% Y/Y in June, three times faster than the target, and core at 14.6%, the market wonders how credible monetary policy is. In the Q2 report, the CBRT had projected CPI to end 2018 at 8.4 ±1.2%, and 6.5 ±1.8% – both forecasts look overly optimistic and will require a significant upwards revision, in the absence of which credibility of the CBRT may be further damaged.” “Amongst the working assumptions, oil prices – a relevant driver of inflation – will have to be pushed higher from current $68/bbl and $65/bbl projections for 2018 and 2019, respectively.” “The June trade deficit is also released today and is expected by the consensus to come in narrower at USD5.5bn, down from USD7.8bn in the prior month. Among this slew of data, markets will also be looking at the tourist arrival statistics.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FX option expiries for July 31 NY cut FX Street 5 years Analysts at TD Securities suggest that the main highlight for Turkey is CBRT's Q3 inflation report today. Key Quotes "With headline CPI running at 15.4% Y/Y in June, three times faster than the target, and core at 14.6%, the market wonders how credible monetary policy is. In the Q2 report, the CBRT had projected CPI to end 2018 at 8.4 ±1.2%, and 6.5 ±1.8% - both forecasts look overly optimistic and will require a significant upwards revision, in the absence of which credibility of the CBRT may be further damaged." "Amongst the working assumptions, oil prices - a relevant driver… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
