I agree it's unlikely, however the comment was made in the context of Saltynuts' posts which suggest he/she thinks selling TRY is a (near) sure way to make money.
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Turkish Lira (TRY)
- Thread starter m22au
- Start date
I agree it's unlikely, however the comment was made in the context of Saltynuts' posts which suggest he/she thinks selling TRY is a (near) sure way to make money.
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I think selling TRY is a near sure way to make money, too.
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Nice flash crash. Would have been nice to get out after that, but hindsight is 20/20.
You might still get a chance to sell TRY again:
https://twitter dot com/ZR1Trader/status/999320742725644288
TURKEY CENTRAL BANK HAS HELD EXTRAORDINARY RATE MEETING
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https://twitter dot com/zerohedge/status/999324621949341696
TURKEY CENTRAL BANK RAISES LLW RATE TO 16.5%
TURKEY CENTRAL BANK RAISES LATE LIQUIDITY RATE FROM 13.5%
EUR/TRY reached a low of 5.3341 on the news, but the TRY has now started heading lower, at 5.4684 at 12.25pm ET.
edited to add link:
"Turkish Lira Soars After Central Bank Hikes Rate, Simsek Tweets"
https://www.zerohedge.com/news/2018...-bank-says-it-held-extraordinary-rate-meeting
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TURKEY CENTRAL BANK RAISES LLW RATE TO 16.5%
TURKEY CENTRAL BANK RAISES LATE LIQUIDITY RATE FROM 13.5%
EUR/TRY reached a low of 5.3341 on the news, but the TRY has now started heading lower, at 5.4684 at 12.25pm ET.
edited to add link:
"Turkish Lira Soars After Central Bank Hikes Rate, Simsek Tweets"
https://www.zerohedge.com/news/2018...-bank-says-it-held-extraordinary-rate-meeting
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I did. bought in at 4.5683. Thanks, Erdogan!
Central bank decision on July 24
"Chaos After Turkey Unexpectedly Keeps Rates Unchanged, Lira Implodes"
https://www.zerohedge.com/news/2018...xpectedly-keeps-rates-unchanged-lira-implodes
Inflation data on July 3
""Truly Awful Numbers": Lira Tumbles After Turkish Inflation Explodes Most In 15 Years"
https://www.zerohedge.com/news/2018...fter-turkish-inflation-explodes-most-15-years
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"Chaos After Turkey Unexpectedly Keeps Rates Unchanged, Lira Implodes"
https://www.zerohedge.com/news/2018...xpectedly-keeps-rates-unchanged-lira-implodes
Inflation data on July 3
""Truly Awful Numbers": Lira Tumbles After Turkish Inflation Explodes Most In 15 Years"
https://www.zerohedge.com/news/2018...fter-turkish-inflation-explodes-most-15-years
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