That day has come! Islam Memiş warned about gram gold: Critical hours…

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Lerato Khumalo

The FED interest rate decision will be announced on Wednesday, July 31, 2024, today at 21:00. Following this announcement, Fed Chair Jerome Powell’s messages will also be very critical for the markets. So, how will investment instruments be affected by possible decisions before and after interest rates?

Finance analyst İslam Memiş made the following assessments: Borsa İstanbul is at 10,700 points. Technically, it broke the 10,750 point level downwards. If it cannot hold above 10,700, there is a 10,680 point level below. Technically, we will follow this. The stock market could not recover because the statements made against Israel were priced in on the side of tension. The negative outlook continues. Those on the stock market can wait a little longer.

The dollar TL exchange rate is at 33.08. The dollar TL exchange rate gained strength from the dollar index. In the short term, our credit rating had fallen below 33 as it increased, but we maintain our high expectations in the medium and long term. Those who need dollars should make a decision considering that figures below 33 lira will not be permanent.

We expected that assets against the dollar would be suppressed until Wednesday, and we would see an increase after Wednesday. Those who have a buy position on the Euro side and expect the parity to fall should make a decision here.