Taking a look at the monthly chart for USD/TRY, Turkey looks like its currency is about to hyperinflate especially with the recent government instability in the recent elections and erdogan being stubborn to any raising of the countries interest rates. In my eyes i'm seeing a hyperinflation scenario playing out over the next few months if this does not get taken...
Inflation coming up again from beginning of this year... what will happen next?
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
*EDIT in text quote on left of chart - *Synchronicity in between I have created an equally weighted portfolio of 5 sustenance based commodities including Soybean, Soybean Oil, Sugar, Wheat, and Maize (continuous fwd contracts). This is an update to the first chart I have published (rough rice) which isn't updating for some reason but if you see the RR1! graph on...
As we are on the brink of the next cyclical recession food security has become more of a concern than ever. One can see the inverse correlation that rice has exhibited over the last 15 years being an extremely inelastic good as it is the most consumed grain in the world. In the last 14 years the value of this commodity future has gone up over 250% versus the most...