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Deutsche Bank: Raised Teslas (TSLA.O) target price from $370 to $420.The Central Bank of Moldova raised its key interest rate to 5.6% from 3.6%.On January 10, Warren Patterson, head of commodity strategy at ING Bank, and Ewa Manthey, commodity strategist, said that the colder weather in parts of the northern hemisphere may stimulate oil demand, so market sentiment remains optimistic. Despite the strengthening of the US dollar and high US Treasury yields, the oil market continues its rally in 2025. The weakening of European currencies against the US dollar usually leads to a decline in oil demand. However, as the macroeconomic environment looks less favorable, market participants are increasing their investment in crude oil and other commodities. "Investors are turning to tangible assets to hedge against ongoing inflation risks and growing fiscal debt concerns, as well as the risk of tariffs disrupting normal trade dynamics," said the Saxo Bank strategy team in the report. "The current strength of crude oil may be the true face of the supply and demand balance in the global oil market, not just a flash in the pan," said Bjarne Schieldrop, chief commodity analyst at Swedens Nordic Bank.Deutsche Bank: Raised Teslas (TSLA.O) target price from $370 to $420.1. The laws of the market will never change, but some objective social, economic and financial environments will change. Technical analysis, fundamental analysis and market psychology are equivalent to what we traditionally call "the right time, the right place and the right people". 2. Investment and trading, like marching and fighting, requires overall planning. Mencius said: "The right time is not as good as the right place, and the right place is not as good as the right people", which is also my overall understanding of trading, and also explains why behavioral finance is so important in the trading process. 3. In the process of trading, taking advantage of "human weakness", that is, herd mentality, will make the trend grow without limit. We must seize this irrational opportunity. 4. A great advantage of medium and long-term trading is that the transaction cost is very low and the strategy is not easy to fail. Behavioral finance believes that people are emotional and irrational, prices will be wrong for a long time, and prices will deviate from value. Based on this assumption, trend trading can be done. 5. Trading strategy is not the core of profit, but trading ideas are. In recent years, there has been relatively little research on some economic and financial theories. In my spare time, I read Sun Tzus Art of War and business books, and think more about some strategic issues and future social development issues to see if I can make another breakthrough.

USD/TRY Price Analysis: Weekly support breach points to additional drop towards 16.00

Jun 01, 2022 14:48

USD/TRY stays pushed at 16.40, following many days of silence, until early Wednesday morning in Europe.

 

In doing so, the Turkish Lira (TRY) pair justifies the recent negative breach of a one-week-old ascending trend line with lower RSI, not oversold.

 

Given the USD/TRY pair’s frequent failures to renew the yearly high, as well as the current trend line break and stable RSI, the quotation is likely dropping towards the 200-HMA level near 16.20.

 

Around the pair’s decline past 16.20, repeated peaks set during May 25-26 can test the USD/TRY bears around 16.15, a breach of which might drive them to the 16.00 level.

 

Meanwhile, a confluence of the prior support line and recent high at $16.47 shields the short-term USD/TRY upward. Ahead of that, a one-week-old horizontal line at 16.43 may test pair buyers.

 

It’s worth noting that the USD/TRY run-up beyond 16.47 won’t hesitate to reach the 17.00 round figure while seeking the late 2021 high of 18.35.

USD/TRY

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