On Wed (14th July) Turkish CB will announce one-week repo rate, which affects USDTRY and EURTRY very much.
It is known that Turkish Government is not very keen on high interest rates, despite its necessity. So another rate hike is not expected.
USDTRY is in a descending channel since 22 June, and if there is no more interest rate hikes, we can see an upward momentum to 8,68 first and then up to 8,90.
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It is known that Turkish Government is not very keen on high interest rates, despite its necessity. So another rate hike is not expected.
USDTRY is in a descending channel since 22 June, and if there is no more interest rate hikes, we can see an upward momentum to 8,68 first and then up to 8,90.
Please like and comment if you find this idea useful đź‘Ť
Trade attivo
Turkish CB did not change the interest rate
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.