Technical ;
There is a clear negative divergence in MACD , STOCH & Price indicators at USDTRY charts, indicating a potential reversal here.
if USDTRY closes the day below 7.10, we might see 6.60 as a new target.
Socio-political ;
news about a swap-line agreement will be decisive for the direction of the trend. An agreement may lead to a large gap...
Carry Trade is the one of the most stylish trading system.Example on 1 years :
UK interest rates = 0,74
Turkey interest rates = 23
If i lend money with GBP and if i invest in Turkey 2Y bonds my real income is :
23 - 0,74 = 22,26 (%) (yearly)
Because of i invested with hot money , Turkish lira will get high and i can buy more Pounds if i want to get...
