Breakdown | Forex Factory

  • Breakdown

    From business.nab.com.au

    The Turkish Lira’s travails dominated the airwaves and financial market price action elsewhere on Friday. TRY ended the New York day 16% lower, having been down 19% at worse, and has just restarted the week above 7.00 to the USD, some 12% lower. President Trump confirmed Friday he was doubling tariffs on imports of Turkish aluminium (to 20%) and steel (to 50%), adding to Turkey’s economic travails. Turkish PM Erdogan’s on Sunday has said that “interest rates are a tool of exploitation that makes the rich richer and the poor poorer – we won’t fall into this trap”. Note the Turkish central bank’s key ... (full story)

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fxsport
Aug 12, 2018 11:05pm
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Quoting blurstar
The more Trump stir, the whole world will united (without united state of america) and drop the use of USD sooner. At the end, USA can have all the cake and eat it itself. USD is now at a highly risky state, any slight blow will cause it to drop like stone, the DJI already start to show the down turn, USD will follow soon. Those countries kneel down to US will see Trump axe them like cake once (if) he taken care of China and Russia. USA is no longer a country the world can depend on, thank trump.
Yes I DO thank Trump for making sure that America is not taken advantage of AGAIN. Turkey borrowed way too much money for projects it cannot afford and now it can't pay the bills - end of discussion.

Trumps tweets are only speeding up the dissolution. If Turkey wants to stop it then free the Pastor who is unlawfully under house arrest.
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lasty
Aug 12, 2018 10:52pm
Permalink
I wondered how long this would take before Trump blaming would come on board.

Remember when Erdogan wanted to join the EU but they wouldn't let him?

Probably the smartest thing the EU have done .

The exposure to the US is minimal where as the EU has exposure of over $150 billion
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Trader#9EB0
Aug 12, 2018 10:53pm
Permalink
It is evident that the dollar-haters have not given up. They are out there beating their drums that the dollar rally cannot be sustained... but it has only just started... long live the dollar... ching ching!
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ALThau
Aug 12, 2018 9:23pm
Permalink
Quoting blurstar
....USA is no longer a country the world can depend on,.....
meaning take advantage of?
Reply
Aussi
Aug 12, 2018 11:34pm
Permalink
Quoting fxsport
{quote} Yes I DO thank Trump for making sure that America is not taken advantage of AGAIN. Turkey borrowed way too much money for projects it cannot afford and now it can't pay the bills - end of discussion. Trumps tweets are only speeding up the dissolution. If Turkey wants to stop it then free the Pastor who is unlawfully under house arrest.

well said
Reply
jegas
Aug 12, 2018 10:12pm
Permalink
Quoting blurstar
The more Trump stir, the whole world will united (without united state of america) and drop the use of USD sooner. At the end, USA can have all the cake and eat it itself. USD is now at a highly risky state, any slight blow will cause it to drop like stone, the DJI already start to show the down turn, USD will follow soon. Those countries kneel down to US will see Trump axe them like cake once (if) he taken care of China and Russia. USA is no longer a country the world can depend on, thank trump.
Exactly, Trump dig a big hole behind his knee,the whole country drag into the super financial crisis very soon trump mouth & daily activites do the same.
Reply
blurstar
Aug 12, 2018 8:26pm
Permalink
The more Trump stir, the whole world will united (without united state of america) and drop the use of USD sooner. At the end, USA can have all the cake and eat it itself. USD is now at a highly risky state, any slight blow will cause it to drop like stone, the DJI already start to show the down turn, USD will follow soon.
Those countries kneel down to US will see Trump axe them like cake once (if) he taken care of China and Russia. USA is no longer a country the world can depend on, thank trump.
Reply

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