USDTRY Forecast " Political Analysis" + " Economic"+ Technical
USDTRY Analysis...
1. TRY central bank interest rate is 24%. President Ardogan wanted it to be dropped, this will depreciate the value of TRY, However, he thinks it will appreciate it.
2. Central Bank had to keep Rate high to fight inflation hoping the USDTRY will be dropped to an acceptable level
3. Central Bank chairman didn't drop rate as the president wanted, simply; He got fired and a new chair is hired.
4. What we forecast now?
5. FEDS will hint rate cut, USDTRY fall to 5.4 and possibly 5.2
6. TRY central bank will decrease rate, USDTRY will rise again to 5.7 and possibly to 6.10
7. Watch out USDTRY is effected a lot by TRYKEY USA-Russia-Europe Political relationships
8. IF Turkey goes ahead with the S400 Rockets deal with Russia, and I think it will, USDTRY may rally on that news.
Conclusion
We are only selling now, and will buy around 5-5.2 Area in a buy signal. Thanks... THUMPS UP
1. TRY central bank interest rate is 24%. President Ardogan wanted it to be dropped, this will depreciate the value of TRY, However, he thinks it will appreciate it.
2. Central Bank had to keep Rate high to fight inflation hoping the USDTRY will be dropped to an acceptable level
3. Central Bank chairman didn't drop rate as the president wanted, simply; He got fired and a new chair is hired.
4. What we forecast now?
5. FEDS will hint rate cut, USDTRY fall to 5.4 and possibly 5.2
6. TRY central bank will decrease rate, USDTRY will rise again to 5.7 and possibly to 6.10
7. Watch out USDTRY is effected a lot by TRYKEY USA-Russia-Europe Political relationships
8. IF Turkey goes ahead with the S400 Rockets deal with Russia, and I think it will, USDTRY may rally on that news.
Conclusion
We are only selling now, and will buy around 5-5.2 Area in a buy signal. Thanks... THUMPS UP
