Market Analysis
NAS100 midweek: index holds 30300 after soft start, 2026-09-28
NAS100 sits at 30334.37 on Wednesday, down 234.70 points from Monday's open, with the week's range still set by Monday's 30617.83 high and 30079.80 low.
3 min readUSDTRY trades at 49.00248 after Wednesday's session, up 0.05051 lira from Monday's open at 48.95197. That is a gain of roughly 0.10 percent on the week so far. The high stands at 49.00817, set Wednesday. The low is 48.88247, printed in Monday's session. Three sessions have produced a total range of about 0.126 lira, narrow even by this pair's standards.
No scheduled release in the bundle has hit this pair this week, and the tape shows it. Every session has closed above its open, with Monday finishing at 48.98099 and Wednesday at 49.00248. The dollar-side news flow has been mixed rather than directional. USD/JPY slipped on half-year-end flows and Fed commentary, while the PBOC fixed the USD/CNY mid-point weaker than the Reuters estimate. A softer dollar against the yen has not stopped USDTRY drifting up, which points at lira-side carry grind rather than broad dollar demand. Wednesday's volume of 385 against Tuesday's 4831 tells you how little conviction sits behind the latest tick.
The calendar in this bundle carries no high-impact scheduled events from Wednesday afternoon through Saturday, so flow is the driver into the back half of the week. If the half-year-end dollar selling that weighed on USD/JPY spills into emerging market crosses, the grind higher stalls and Monday's low at 48.88247 becomes the reference point on the downside. If that flow fades and the drift resumes at the pace of the first three sessions, the pair stays pinned above 49.00 and Wednesday's high at 49.00817 is the first thing bids have to clear. Watch the yen complex for the cleaner read on dollar appetite, since a cross like GBP/JPY reprices on that flow before a thin pair like this one does.
49.00 is the whole conversation. Wednesday opened at 49.00339 and has not traded below it, and the 49.00817 high sits just above. Hold above 49.00 into Thursday and the week's high is the level sellers have to defend. Lose 49.00 and Monday's 48.95197 open is the obvious first test, with 48.88247 behind it. Thin volume cuts both ways at a round number like this, so size accordingly and open an LHFX account if you want STP/ECN execution on this pair while the range stays this tight.
Byline: LHFX Research
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