Central Bank of the Republic of Turkey announced intervention in the market earlier this am saying they were selling transactions ‚due to unhealthy formations in exchange rates‘. 

Livesquawk asking is the CBRT defending 14.00 in USD/TRY? Certainly looks like it. Intraday priced pulled back on

There are mixed forces for gold. Seasonals are very strong with the end of December through to the end of February being very strong for gold. However, if real yields break higher on a hot CPI print gold looks vulnerable to falls. 

Note that the monthly gold chart has a very bearish patte

The strongest currencies today are the AUD and the USD (DXY just hit session highs). The AUD has been the strongest this week after the RBA met this week and were far more neutral than dovish. The cash rate was kept at 0.10% as expected. The QE program is set to remain at $4 billion per w