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U.S. Dollar / Turkish Lira
Long

USDTRY Analysis 01-11-2018 (T/F/P)

495
(T)echnicals;
  • We see a RSI divergence this time, which means a strong buy signal.


(F)undamentals;
  • Turkish central bank allows USD-TRY swap change by 01-11-2018(Today).
  • VAT and Excise tax have been decreased for some products including cars and white goods, which will have a negative impact on government budget.
  • Inflation increased.


(P)olitics;
  • Second phase of IRAN embargo will begin on 5-11-2018 and there will be some problems between USA & Turkey about purchasing crude oil from IRAN.
  • USA mid-term elections will be held on 6-11-2018. It will effect all emerging market currencies like ZAR and TRY.
  • Turkish minister of customs and trade decreases taxes but head of central bank announces that we may take precautions by increasing interest rates. (Two opposite ideas)


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burakpadir
Beyond Technical AnalysisTrend AnalysisUSDTRY

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisTrend AnalysisUSDTRY
burakpadir

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.