The question is... What have been changed in the Turkish economy? 🤔
1) Is the price of petrol will decrease in Turkey? The answer is; NO... 2) Is the price of electricity will decrease in Turkey? The answer is; NO... 3) Is the pricing in housing market will decrease in Turkey? The answer is; NO... 4) Is the pricing in automobile market will decrease in Turkey? The answer is; NO... 5) Is the pricing of other goods and services in the market will decrease in Turkey? The answer is; NO...
So... Why usdtry is in the sharp fall? (Actually it's not in the sharp fall but they are presenting us as a sharp fall 😉)
if this interest rate hike was real, all the prices in the market should started to decrease with respect to interest rate hike...
We believe; it may be another form of fx manipulation...
The answer will be yes to all of your questions when interest rates are up to %35 and usd/try makes 29 range as top. After that there will be a recession and it'll be fun to watch. I believe recession will last till 2027-2028 and usd will move up to 40-60 ranges.
armaano
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and that it was, still holding support in the mid 26's zipped right back up, wish I was ableto trade this :(