Those 13.3 - 13.6 lines are holiding strong. I'm starting to look at this pair again, as it seems like ErdoBank is halfway through the petrodollars they got from abroad. I think CBRT will try to do some tricks around 14.5-14.7, but in the long run I see this going to the moon. Natgas, oil are very bullish (I acknowledge that oil deserves a 10-15% correction), this puts heavy burden on TR economy. Instability will not help their tourism - this is the time of year I receive folders from travel agencies and I see there are fewer options comparing to last year. I fear the the deck is already long stacked against Turkey and we'll see it go down in the next quarter or so.
Natgas, oil are very bullish (I acknowledge that oil deserves a 10-15% correction), this puts heavy burden on TR economy. Instability will not help their tourism - this is the time of year I receive folders from travel agencies and I see there are fewer options comparing to last year. I fear the the deck is already long stacked against Turkey and we'll see it go down in the next quarter or so.