The Turkish Lira touched the support level of 7.30 which was the plan of the central bank. Due to Christmas, the market was inactive and they had a free play on the exchange rate. They also knew that the minister of finance (Albayrak) was going to quit and that the interest rates would be raised. That's why they managed to short usdtry to these levels.
The...
The market rejected the trendline respectfully. Only due to US elections it came through the trendline but it corrected itself. Also, the vaccine program has started in the UK and will be starting soon in many other countries. The gold price hurricane is going to correct itself before the big long that is coming in January because of the stimulus packages from the...
The market rejected the trendline respectfully. Only due to US elections it came through the trendline but it corrected itself. Also, the vaccine program has started in the UK and will be starting soon in many other countries. The gold price hurricane is going to correct itself before the big long that is coming in January because of the stimulus packages from the...
Right now you can open a short due to the manipulation that is going on right now in Turkey. In 1 week the TL almost gained 10% of its value.
The new central bank chief and minister of Finance have a new monetary policy compared to the previous one which we can see right now what happened within 1 week. Here to the fact that they really want the dollar down...
