Turkey: Central bank to wait until summer before starting the easing cycle – BBVA

Analysts at the Research Department at BBVA, believe that the Central  Bank of Turkey will wait to start the easing cycle after it decided on Saturday to reduced the reserve requirement ration by around 100bps. 

Key Quotes: 

“The CBRT has maintained the tightening stance after the bold rise in interest rates last September (625 bps to 24%) in order to gradually restore…

EUR/USD finds support near 1.13, remains on track to post modest daily gains

US Dollar Index stays in the negative territory below 97.
ECB's Praet says the ECB could change guidance.
Coming up: ZEW Economic Sentiment for Germany and the eurozone.

The EUR/USD pair took advantage of the broad-based USD weakness and started the week on a positive note to extend its rebound from the 4-month low that it touched last Friday. However, the lack of…

USD/MXN Technical Analysis: Dollar holds above 19.20 and could test again 19.45

The Mexican peso failed today to break the 19.20 support area. USD/MXN bottomed at 19.19 and turned to the upside. 
It is moving in a new higher range between 19.20 and 19.45, with a bullish bias as price holds above the 20-day moving average. The US dollar needs to break and hold on top of 19.45 to clear the way to more…