• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

USDTRY Might be Getting Ready For Another Big Run

FTD Limited by FTD Limited
September 27, 2021
Reading Time: 2 mins read
A A
USDTRY Weekly Chart, Spearman Indicator
0
SHARES
37
VIEWS
tweetpostshare
Inflation vs Lending Rate, USDTRY
Inflation vs Lending Rate, USDTRY

CBRT is doing another economical experiment after the recent rate decision. CBRT lowered the interest rate to %18 from %19, despite over %19 inflation, and has said they will keep the rates above the inflation for many months. The last time when the lending rate was lower than the inflation USDTRY surged %47 despite falling the dollar index (%4.20). After that Naci Agbal become the president and USDTRY fall to near 7 but that did not take long. With a surprise decision Agbal taken from the office, USDTRY never stops its increase since. Now that the past experiment is repeated, Another big surge may have already started.

USDTRY Weeklu Chart, Spearman Indicator)
USDTRY Weekly Chart, Spearman Indicator

The Spearman correlation indicator, which is working almost perfectly for the last 5 years, has given another buy signal. USDTRY has risen with an average of %36.77 at the last 6 buy signals (1 is a semi buy signal) within less than a year. If the average is reached, That means over 11.50 pricing for USDTRY. It is looking a bit high but a double-digit price is not out of the question in the medium-term unless some drastic change occurs. FED’s start of tapering will not help the Lira as well.

Learn more about us
Tags: CBRTUSDTRY
TweetShareShareSend
Previous Post

High Inflation Will Remain for Two Years Says OECD

Next Post

Natural Gas Prices and Carbon Permits in Europe

Related Posts

The Reserve Bank of Australia increased its policy rate by 50 basis points
DAILY UPDATES

The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points

Yellen meets with Chinese Vice Premier
DAILY UPDATES

Yellen Meets With Chinese Vice Premier

Recession Warning From Bank of America
DAILY UPDATES

Recession Warning From Bank of America

Inflation in Switzerland at a 29-Year High
DAILY UPDATES

Inflation in Switzerland at a 29-Year High

Oil prices rise
DAILY UPDATES

Recession and Supply Concerns on Oil

Inflation in France
DAILY UPDATES

Inflation Hits Record in France

Next Post
Natural Gas Prices and Carbon Permits in Europe

Natural Gas Prices and Carbon Permits in Europe

You might also like

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

FTD Limited offers Introducing Brokers Program

Introducing Brokers

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

Recent Posts

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America
  • Inflation in Switzerland at a 29-Year High
  • Recession and Supply Concerns on Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.