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USDTRY

ORBEX: USDTRY Makes A Difference! EURGBP How Much More Down?In today's #marketinsights video recording I analyse #EURGBP and #USDRY #EURO and #POUND pressured from Stronger DOLLAR: - Following Trump transcript release - Partial deal with Japan - Close US-Sino deal Trump comment - ECB's Germans board member quitting #EURO also pressured from: - Spanish PPI - US-EU tensions - EU-UK tensions #POUND also pressured from: - BoJo's comment to leave whatever it takes #TurksishLira supported by: - Weaker oil - Positive sentiment after IMF report Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Erdogan Lets Cetinkaya Go: Does He Even Understand Economics?Hello my dear Turkish Lira traders, Forex friends, merhaba arkadaslar! ;) Erdogan just let the central bank president Cetinkaya go: He argues that the high interest rates are the reason for the high inflation. But commonly known among economists is that both high inflation & high interest rates are the consequence of a weak currency. Erdogan also shows clearly with the change, that monetary power lies in his hands. Technically we're still in a downward channel, and can break this, esp. due to this news. Have fun watching! ;) Selamlar, Deniz from Edgy If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Long
by Edgy_
5
Turkish Lira: Trump threatens with devastationHello my dear USDTRY traders, hope you're doing well! Important news: Trump threatens Turkey with economic devastation, should Turkey attack the Kurdish-led SDF in Syria. This sounds similar to Trumps threats before the summer rally, when the issue with pastor Brunson was going on. Back then we made 40% to the upside. So, it might be a good time to look at the technicals & the potential plays from here. Have fun watching! ;) If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
by Edgy_
2
USDTRY - the pleasure and pain will be mine.USDTRY is a very tricky exotic pair to tackle. The exotics on the whole are erratic and offer may traps and false breakouts. This is a dangerous pair and not recommended for those without experience of exotics. On this occasion I'm departing from my system of 'rules' because I'm dealing with such a wild 'animal'. I have experience of exotics doing false breakouts against my favoured direction. I'm not saying there is going to be one on this occasion, but I'm prepared for it. I stand to take loss which is acceptable. Notably most Tradingview posts are about good news in terms of positive expectations (whether long or short); not about losing positions. This is not surprising, is it? There is an unconscious need to present mainly good positions. I'm breaking the mould. I'm not afraid to show that I can lose.
Long
by Captain_Walker
Turkish Central Bank Raises Interest Rates To 24%Hello my dear Turkish lira traders & everyone else who's interested in the ongoing Turkish Lira crisis. Big news today: -The Turkish central bank sharply raises interest rates to 24 percent, stating that there was still an upside risk to the inflation outlook from what it called a deterioration in pricing behavior, despite weaker domestic demand conditions. Economists had calculcated only with 22 percent -Leading to that decision, Erdogan today critized the central bank again for its mismanagement of the crisis, in the end still stating that the central bank is independent => That's why, even though mainstream media is writing stuff like: 'Central Bank defies Erdogan', I don't buy this. I don't think the central bank would've done this without 'green light' by Erdogan -On other news: Erdogan has appointed himself chairman of the country’s sovereign wealth fund and completely changed its board, naming Finance Minister Berat Albayrak as his deputy, the country’s Official Gazette said on Wednesday. -In a decision announced earlier on Thursday, he ruled that property sales and rental agreements must be made in lira, putting an end to such deals in foreign currencies. This leads to much room for an equilibrium between the ranges of 6.8 and 5.68. Have fun watching! ;) If you had some value from my analysis, please like & subscribe, to stay up to date on the Turkish lira crisis! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
1
Lira crisis: continues tightening between 5.8 & 7 Dollars +NewsHello my dear Turkish Lira traders & everyone else who is interested in the ongoing Turkish Lira crisis. As always, we look at the fundamental news first, and second at the technical analysis. Important fundamentals: -The Turkish government has ruled that exporters might convert 80% of their foreign exchange revenue into Lira within 180 days -The central bank has already announced tightening policy coming next week, and thus, has set the bar pretty high (president Erdogan is, at least in front of the camera, against interest rate hikes) -Potential war in Idlib/Syria: The Turkish society sees Syrian refugees already as a drain on the economy, connecting it to the demise of the Lira. Obviously another attack in Syria, which leeds to another inflush of refugees, could lead to further tentions. Germany's foreign minister is visiting Turkey right now in order for potential help in the attack scenario Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses + occiasionnally Lira analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
17
Lira on the way back to 7!Hello my dear Lira traders & interested people! ;) The lira sell-off continues guys. Fundamental news which affected the price: -Moodys downgraded 20 more Turkish banks -Berat Albayrak, finance minister, doesn't see Turkey in a crisis -The fall in Peso also intensified the selling, not just in Lira, but also in other emerging market currencies Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
8
Economic Warfare? Lira in 4H equilibriumHello my dear Lira traders! :) Fundamentals: The language between the US & Turkey is getting harsher. National security advisor John Bolton came out and said that Turkey is making a huge mistake by not releasing pastor Brunson. Ibrahim Kalin, spokesperson for president Erdogan, is now speaking of 'economic warfare' against a NATO ally. Technical Analysis: We're in an equilibrium between the ranges of 6 & 6.2. Should we break higher, we have 6.33 as the upper wick of the previous move to take out first. Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
8
LIRA CONSOLIDATION -IMF HELP GETTING DISCUSSEDHello my dear USD/TRY traders, hope you're doing fine guys! ;) In today's video, we're gonna be looking at the fundamentals, and will analyse the pair in the end. Important was: -Trump is not backing -Also the FED is concerned about the rapid collapse of the Lira -Sigmar Gabrial (former German foreign minister) & Andrea Nahles (current chief of the German Social Democrats) are bringing economic help for Turkey to the table -Mesale Tolu, German-Turkish journalist, who was released from prison, may leave the country Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
Lira takes a breather -equilibrium between $7 and $5.8 possibleHello my dear USD/TRY traders, hope you're doing fine guys! :) Since the last time we spoke, USD/TRY spiraled to 7 Dollars, which is seeing many traders jumping on the train. So obviously a correction here had to come and is very normal. We have retraced back to 5.68 with the wicks -and now we're gonna wait and see, what pattern we get at the top. Fundamental news that had an effect were: Qatar pledging help to Turkey The central bank/government curbing the possbility of banks to lend money tot short sellers from 50% to 25% Turkey responding with tarrifs to US consumer goods If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
Bullflag > Turkish PresidentHello guys, hope you're doing fantastic! ;) In this special analysis, we look at the fundamentals of what is going on with the Lira, why it's losing so rapidly in value, and also the big picture on the weekly chart. Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
8