Hello Traders,
BREAKING NEWS.
<< Turkish banking authority blocks BNP Paribas, Citibank, and UBS from doing lira foreign exchange transactions >>
<< Turkish regulators have launched legal action against London-based financial institutions over allegations they bought large sums of foreign currency and then defaulted on Turkish lira liabilities to weaken the currency, state-run Anadolu news agency said on Thursday >>
SELL THE USDTRY will be the best CARRY TRADE for 2020.
The Trukish Lira Interest rate is at 8.75% meanwhile the Fed Reserve interest rate is at 0.25% == > your broker should give you positive swaps hor holding overnight sell position on $USDTRY.
Also the legal action carried by the Turkish Regulators when the exchange rate is at all time high will push the price action south very fast because the speculators are now selling their positions in panic so they will not be flagged by the Turkish Authorities.
Trade with care.
Best Regards.
BREAKING NEWS.
<< Turkish banking authority blocks BNP Paribas, Citibank, and UBS from doing lira foreign exchange transactions >>
<< Turkish regulators have launched legal action against London-based financial institutions over allegations they bought large sums of foreign currency and then defaulted on Turkish lira liabilities to weaken the currency, state-run Anadolu news agency said on Thursday >>
SELL THE USDTRY will be the best CARRY TRADE for 2020.
The Trukish Lira Interest rate is at 8.75% meanwhile the Fed Reserve interest rate is at 0.25% == > your broker should give you positive swaps hor holding overnight sell position on $USDTRY.
Also the legal action carried by the Turkish Regulators when the exchange rate is at all time high will push the price action south very fast because the speculators are now selling their positions in panic so they will not be flagged by the Turkish Authorities.
Trade with care.
Best Regards.
Comment:
Comment:
Comment:
Strong sell off on the USDTRY during the weekend.
Comment:
Comment:
The buy back of Turlish Lira continue.
Risk On move in the market can prompt the USD.
Twittes of Trump over Negative rate is confusing the market.
Risk On move in the market can prompt the USD.
Twittes of Trump over Negative rate is confusing the market.
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