Turkish Lira - Devaluation goes on
Updated
The devaluation of the Turkish (new) lira continues to the fullest and shows how strong a current wave 3 is within the impulse wave.
The confidence of the own population in the monetary policy decreases more and more and even interest rates on 2-year government bonds of just under 20% and 17% on 10-year government bonds as a foreign investor do not compensate for the losses caused by the devaluation.
I expect a further devaluation by at least 20% in the range 5.90 lira for 1 US-Dollar before a short relaxation could start, not must.
Best regards
Stefan Bode
Invest money! Interest or dividend? Stocks or bonds? What are convertible bonds? Real estate or commodities?
The confidence of the own population in the monetary policy decreases more and more and even interest rates on 2-year government bonds of just under 20% and 17% on 10-year government bonds as a foreign investor do not compensate for the losses caused by the devaluation.
I expect a further devaluation by at least 20% in the range 5.90 lira for 1 US-Dollar before a short relaxation could start, not must.
Best regards
Stefan Bode
Invest money! Interest or dividend? Stocks or bonds? What are convertible bonds? Real estate or commodities?
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I think wave (v) of III isn't ready and so another peak is missing before Turkey ZCentralbank rise up interest rates from 17 3/4% to 18 1/2 % for a short term correction. Thats not the end for rising interest rates so we will see more than 20% in a few months. That's the only Way without war for Erdogan to get trust back. https://thttps://www.tradingview.com/x/6OXbOArG/
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Insanity is what has put the lira on the international stage since the publication of my analysis a month ago. But that's not the end yet. We are in my opinion still in the 3er wave but look at it yourself as I assess the situation. Note
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Nice,Nice,Nice take your SL from 5,69 into winning Zone at. 5,90. Now we have no risk, but a lot of fun :-)Note
With the decline of the Turkish currency, the global economic crisis of 2018-2022 is likely to be set in motion, as I have suspected in my live lectures since 2017 but the "train" Takes up with slow speed. Therefore, I will revise my lecture series again and publish in German on my YT channel and how everyone should position themselves. It will take a few more days but I'll report it.Note
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Is correction over? TNB Meeting tomorrow on 13.12.2018.Note
t.me/stefan_bode_analysen
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
Zins oder Dividende? Aktien oder Anleihen? Was sind Wandeloptionsanleihen?
Immobilien oder Rohstoffe?
Rinderfarm in Südamerika.
Geld richtig investieren!
fondslounge.de
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