FX:USDTRY   U.S. Dollar/Turkish New Lira
4564 9 2
THINK WE REACHED THE TOP...TIME TO GO DOWN
usdtry come to 2.00 i think this will never ever happen, if it comes again to previous range 2.08 - 2.90 - 3.05 it will be very big achievement !!! but never to 2.00
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do you beleive that :)
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Maybe the market will take notice :)
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Serkan G HexVex
the rate will go down because of this action of the Turkish Federal Bank as usual.....but don't think it will go under 2.001,....and if ECB will cut the interest with 15% as people think....then it will become as soon 2.04 (ecb will decide on 07/11/2013)......but after us will release gdp date which should be bad.......outside Turkey $ will go down because of this but in Turkey it will go up as usual so if it happens as i think then there will be two positive things for the usd dollar in one day.....(just in Turkey or other growing countries)
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Expecting a pullback too before pushing up again.
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Serkan G HexVex
the pull back should be next week when ESB will cut the interest rate because of low rate of inflation
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Serkan G Serkan G
correction: the pushing up again should be next week...
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HexVex Serkan G
Hopefully not before the pullback :)
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Serkan G HexVex
monday the turkish federal bank will sell 100m $
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