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Eurtrylong

EURTRY - Inflation Beast is Back EURTRY : Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021 We had then calculated and prognosed with great precision the levels (rise to 15,7) : The price has done us the favor then and normalized/consolidated around that level (15,7) : At this stage, Central bank has kept the lira's rates unchanged (good news because every time they intervene there is panic amongst Turkish citizens and Lira holders) but Inflation is a BEAST out of control: Turkey’s inflation rate soars to almost 70 percent : www.aljazeera.com Turkey's role in the Ukraine crisis is something Erdogan can use nicely as long as he can balance between a 'neutral stance' with doors open to Russia and still in Nato' and part of the Western front. If the West wishes to shift him on one side though the Turkish lira might end up under severe pressure again. Don't forget that there are elections next year and Erdogan is probably not feeling the safest at this moment. Let's hope everything goes well in the world as well as in Turkey and that Turkey can play a peaceful role in ending the war in Ukraine. This will be interesting to see. One Love, the FXPROFESSOR
Editors' picks
Long
by FX_Professor
23
edges up as US inflation print fuels Fed rate cut speculation 26 January 2024, 17:04 •EUR/USD rises in North American trading, buoyed by softer US core PCE inflation data. •Fed's core PCE index fall to 2.9% raises hopes for interest rate cut, aiding EUR/USD's climb. •Mixed European signals: German consumer confidence falls, Spanish unemployment at 16-year low, ahead of Fed decision. The EUR/USD gained some 0.14% in early trading during the North American session as prices in the United States (US) remained above the US Federal Reserve’s goal but eased compared to November’s figures. The major trades at 1.0866 after diving to a low of 1.0812. The Euro got a life-line of a softer US PCE report The Fed’s preferred gauge for inflation, the Personal Consumption Expenditures (PCE), rose 2.6% in the 12 months to December, as expected on an annual basis, while core PCE dipped from 3.2% to 2.9% and below forecasts. After the data, the EUR/USD climbed sharply and clocked a daily high of 1.0885 before retreating toward current exchange rates, as the data reaffirmed investors' speculations that the Fed could begin cutting rates by the summer. The CME FedWatch Tool depicts the odds for a quarter of a percentage rate cut by the Fed at 51.4%, while 50 basis points stand at 37.8%. Nevertheless, US Treasury bond yields reversed its course, climbing higher and putting a lid on the EUR/USD rise. Meanwhile, data across the pond showed that German consumers remain pessimistic amidst economic uncertainty after the GfK Consumer Confidence for February plunged from .25.4 in January to -29.7. In Spain, the Unemployment Rate fell to levels last seen in 2007, from 11.84% to 11.76% in the last quarter of 2023, according to an INE report. Ahead of the next week, the main spotlight would be the Federal Reserve’s monetary policy decision on January 30-31. EUR/USD Price Analysis: Technical outlook Following the US data release, the EUR/USD advanced towards 1.0900 but failed to break yesterday’s high, which could pave the way for a pullback to the 200-day moving average (DMA) at 1.0843. Downside risks are seen at today’s low 1.0812, followed by the 1.0800 figure. Conversely, if buyers lift the spot prices above 1.0900, as they eye the 50-DMA at 1.0920.
Long
by sniper_2022
1
The ECB needs to keep interest rates above the 4% threshold to "IMF Europe Director Alfred Comer warned the ECB that if it does not cut interest rates soon, it will be forced to tighten monetary policy more costly later. The headquarters of the European Central Bank in Frankfurt am Main, Germany. (Photo: AFP/TTXVN) The International Monetary Fund (IMF) said on November 8 that rapid wage growth in the euro zone could push inflation further higher. The European Central Bank (ECB) should therefore keep interest rates at record levels next year to "ease" price pressures. Last month, the ECB broke its record of 10 consecutive interest rate hikes. Markets are therefore predicting that the bank's next move could be a rate cut in April.
Long
by AstronautPioneer
Erdogan win most lucrative trade of EURTRY continuesI'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira. As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity for forex traders like us to invest in the Turkish lira at a lower value. He just won again today! I encourage you to take advantage of this opportunity and invest in the Turkish lira. With the right strategy and analysis, you could see a significant investment return. As always, doing your research and making informed decisions regarding forex trading is essential. But with the current situation in Turkey, there's never been a better time to consider investing in the Turkish lira. Thank you for your time, and happy trading!
Long
by bryandowningqln
Long EURUSD, target 1.10-1.113 EUR/USD is currently near the resistance level. Today, we need to pay attention to the support near 1.088 and the resistance near 1.094. Judging from the current situation, today's strategy will be based on low long positions. I will tell you when to trade. Stay tuned. I will release more strategies later, including OIL, gold, GBPUSD, BTC, etc. If you are trading, you can follow me, if you have any questions, you can tell me, and I will help you answer them
Long
by EagleEyeStrategy
EURTRY - Ready for the Next One? 😺Allow us the Happy face and the good mood because simply, this was a PERFECT ANALYSIS and EXECUTION! We are referring to this idea of ours back in May 9th (yes, we do trade what we post): x20 in a classic Forex trade is something to be happy for and today we will take some profit. It's not the first time we get EURTRY right, feel free to check our previous posts below. FXPROFESSOR STYLE indeed..Who is ready for the next one? 😺 One Love, the FXProfessor
Long
by FX_Professor
8
Turkish Lira Chronic Disease?As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central Bank regarding President Recep Tayyip Erdogan's politics are being questioned. It seems that the market is craving for a change of governemnt, but as we know from recents words of the President an early election before 2023 is a wish that will not come through. Simple conclusion: Uptrend Cable will continue till 2023 at least as the Turkish Government is not likely to change their Economic politics.
Long
by Bifrin
1
Long Vision on EUR TRY for 25/10/2021Hello Dear Traders, You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 11.3 as I am showing in my chart. Our Daily Goal is 11.35. Currently,EUR/TRY is moving towards the support level of 11.15 where there is some liquidity, from this value we are looking for short-term buying opportunities of EUR/TRY. Good Luck and enjoy your Bullish Market for today. Entry:@11.15 TP1: @11.20 TP2: @11.25 TP3: @11.35 SL: @11.1 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Long
by HugoAJROUCHE
Long Vision on EUR TRY for 19/07/2021Hello Dear Traders, You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 10.11 as I am showing in my chart. Our Daily Goal is 10.125. Currently,EUR/TRY is moving towards the support level of 10.05 where there is some liquidity, from this value we are looking for short-term buying opportunities of EUR/TRY. Good Luck and enjoy your Bullish Market for today. Entry:@10.05 TP1: @10.075 TP2: @10.095 TP3: @10.115 SL: @10.015 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Long
by HugoAJROUCHE
EUR/TRY: Shake It Up, Şekerim! 💃💃💃It’s 2007, you are sitting at home watching the Eurovision Song Contest and this dude from Turkey, Kenan Doğulu, completely rocks the show with his song “Shake It Up, Şekerim (my sugar)”! Fast forward 14 years, a lot of shaking is happening in the Turkish Lira against which the Euro gained massively recently. As it stands right now, we expect the Euro to hit prices of 10₺ and above. Only condition for this scenario to realize is that we do not fall below 8.3344₺. However, with the current surge, we are more than well-positioned to attack the 10₺ mark. Happy trading!
Long
by MarketIntel