Wider Spectrum in the news.
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Help with Exotics 15 replies
Anyone trading the ZAR, PLN, HUF or TRY? 3 replies
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Disliked{quote} Erdogan's article in NYT..warnings to USA..i ll stay away from Try pairs this week until things settled..if lira continue losing dramatically, capital controls and fixed fx rates might be imposed..in such case, i dont know what will happen to open positions in brokers..widening spreads or wild fluctutations may also wipe out the account..just be careful guys.. https://www.nytimes.com/2018/08/10/o...sanctions.htmlIgnored
Disliked"It is industrialists’ duty too to keep this nation on its feet. Otherwise we will set into motion our plan B and C,"..... https://mobile.twitter.com/zerohedge...1965742080?p=v Himm..What can be B, C plan??Ignored
Disliked{quote} I don't know, but it certainly isn't to bolster the Lira. {image}Ignored
Disliked{quote} "Sounds very scary - Plan B and C... we can guess that the 'B' stands for 'Block' capital outflows and 'C' stands for confiscation of gold and dollars. Reuters reports a low level of 7.22 - all of which implies the Turkish banking system is done . As Goldman Sachs warned, further lira depreciation to 7.1 would erode all of Turkey's banks' excess capital." https://www.zerohedge.com/news/2018-...oney-out-banksIgnored
Disliked{quote} "Sounds very scary - Plan B and C... we can guess that the 'B' stands for 'Block' capital outflows and 'C' stands for confiscation of gold and dollars. Reuters reports a low level of 7.22 - all of which implies the Turkish banking system is done . As Goldman Sachs warned, further lira depreciation to 7.1 would erode all of Turkey's banks' excess capital." https://www.zerohedge.com/news/2018-...oney-out-banksIgnored
Disliked{quote} this not true news , probably TCB will increase of foreign exchange rate limits of banks tomorrow morning so that can be drop tomorrow then can gain again,will seeIgnored
Disliked{quote} It is just guess of "zerohedge" about what can be B or C plan..not a news or information.. Dou you mean TCB will decrease fx reserve requirement rate for banks which are kept in CB ?? That doesnt work i think.. CB should increase interest rates first, sufficiently....Ignored
DislikedI cannot sell it either. (forex.com) Erdogan met with Maduro, maybe asked his experience with high inflation. Maybe the meeting wasn't rhetoric after all. Man this sucks. I dunno. Doesn't look good to me.Ignored
DislikedUSDTRY No specifics. He's blaming the US, just like Maduro. I'm done with this pair. Moving on to usdzar. {image}Ignored