Friday's extraordinary events in Turkey shocked the world. The first news of the coup attempt sent the Turkish lira FX:USDTRY
down nearly 6%. Euro
and S&P futures
fell while oil ICEEUR:CB1!
rose. Usually I don't trade Forex, however this is opportunity one cannot miss. Since I am somewhat bullish
in the short term (which is determined not by the term structure, but by the price levels I'd like to see), I prefer to open two-leg long position. (We might even see return to the 1.136 level in the future).