Got lot's of remarks and statements that I do not understand Erdogan etc.
Well, yes fundamentals and market psychology drive market, and those are build in charts.
Hype and fear has always existed.
Anyway, looking at history regardless reasons, if it's overdone it's overdone. Central banks can make extreme decisions, for example EURCHF peg, French Central bank raising short-term rates to 1,000% to defend currency (I was trading that market)
Ok Erdogan has his ways and central bank has lowered interest rates while inflation is much higher so we have negative interest rates.
My strategy remains careful sell current 13.5000 (and our long-term short USDTRY already in position) will pay overtime.
In the end of the day it's an individual decision what side to be on. Question is, what if central bank raises short-term interest ates to defend the currency?
the only thing that can happen, is to complete peg the currency or change it to a new one.. then question is what value will it be set at?
Well, yes fundamentals and market psychology drive market, and those are build in charts.
Hype and fear has always existed.
Anyway, looking at history regardless reasons, if it's overdone it's overdone. Central banks can make extreme decisions, for example EURCHF peg, French Central bank raising short-term rates to 1,000% to defend currency (I was trading that market)
Ok Erdogan has his ways and central bank has lowered interest rates while inflation is much higher so we have negative interest rates.
My strategy remains careful sell current 13.5000 (and our long-term short USDTRY already in position) will pay overtime.
In the end of the day it's an individual decision what side to be on. Question is, what if central bank raises short-term interest ates to defend the currency?
the only thing that can happen, is to complete peg the currency or change it to a new one.. then question is what value will it be set at?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.