Turkish Lira (TRY)

m22au said:
Hi zdreg


What does "SOS" mean in the context of your post?
More...
Hi m22au
same old shit
political leaders trying to push their central banks to follow loose monetary policies.
 
Last edited:
"Goldman Warns Turkish Banks Will Be Wiped Out If Lira Hits 7.1"
https://www.zerohedge.com/news/2018...rkish-banks-will-be-wiped-out-if-lira-hits-71

Levels at which Goldman believes excess capital would be eroded:
IS 6.3
YKB 6.3
AK 6.9
HALK 7.6
GAR 7.6
VAK 7.7

Sensitivity
AK -67
GAR -61
YKB -53
IS -52
VAK -44
HALK -43

https://en.wikipedia.org/wiki/List_of_banks_in_Turkey

https://en.wikipedia.org/wiki/Ziraat_Bankası (does not appear to be one of the six above)

IS
https://en.wikipedia.org/wiki/Türkiye_İş_Bankası

GAR
https://en.wikipedia.org/wiki/Garanti_Bank

AK
https://en.wikipedia.org/wiki/Akbank

YKB
https://en.wikipedia.org/wiki/Yapı_ve_Kredi_Bankası

HALK
https://en.wikipedia.org/wiki/Halk_Bankası

VAK
https://en.wikipedia.org/wiki/VakıfBank

.
 
Anyone getting TRY datafeed for Esignal charting software?
I'd like to know which particular exchange you subscribe to for the datafeed.

Also let me know which particular TRY cross pair you are trading.
I can see TRY.JPY pair in IB trading platform,
and in another platform, I can see Euro Lira pair but volume is practically zero.
 
Aug. 10, 2018 3:40 AM ET
"Contagion concerns from Turkish drama"
https://seekingalpha.com/news/3381519-contagion-concerns-turkish-drama

"Stocks dive, euro falls, as Turkey turmoil ripples out"
https://www.reuters.com/article/us-...s-as-turkey-turmoil-ripples-out-idUSKBN1KV03F

"Turkey Meltdown: Lira Implodes As Panicked Sellers Spark Global Contagion"
https://www.zerohedge.com/news/2018...lodes-panicked-sellers-spark-global-contagion

"World Markets Roiled As Turkey Currency Crisis Goes Global"
https://www.zerohedge.com/news/2018-08-10/world-markets-roiled-turkey-currency-crisis-goes-global

Banks (outside Turkey) with exposure to Turkey mentioned are BBVA, Unicredit, BNP Paribas

.
 
m22au said:
"Goldman Warns Turkish Banks Will Be Wiped Out If Lira Hits 7.1"
https://www.zerohedge.com/news/2018...rkish-banks-will-be-wiped-out-if-lira-hits-71

Levels at which Goldman believes excess capital would be eroded:
IS 6.3
YKB 6.3
AK 6.9
HALK 7.6
GAR 7.6
VAK 7.7

Sensitivity
AK -67
GAR -61
YKB -53
IS -52
VAK -44
HALK -43

https://en.wikipedia.org/wiki/List_of_banks_in_Turkey

https://en.wikipedia.org/wiki/Ziraat_Bankası (does not appear to be one of the six above)

IS
https://en.wikipedia.org/wiki/Türkiye_İş_Bankası

GAR
https://en.wikipedia.org/wiki/Garanti_Bank

AK
https://en.wikipedia.org/wiki/Akbank

YKB
https://en.wikipedia.org/wiki/Yapı_ve_Kredi_Bankası

HALK
https://en.wikipedia.org/wiki/Halk_Bankası

VAK
https://en.wikipedia.org/wiki/VakıfBank

.
More...

Akbank
US symbol AKBTY

IS Bank
US symbol TIBD
US symbol TYABY

Garanti
TKGBY
TKGZY

YK Bank
YKBD

Halk
THBIY

Vak
TKYVY
 
12.00BST: President Erdogan to speak
12.30BST: Finance Minister Albayrak announces new economic model

Next
14.30BST: President Erdogan to speak again (9.30am New York)

.
 
Lira collapses as Erdogan tells Turks: They have 'their dollars,' we have 'our god'


Ah yes. God will save you from a currency collapse.
 
Emerging Currencies

The Turkish lira is still sliding—it lost as much as 13% of its value against the dollar today, and is down more than 20% over the week. Markets are worried about Turkey's ability to pay back foreign currency debts. Meanwhile, the Russian ruble lost as much as 5% against the dollar yesterday, and Russian stocks fell by as much as 9%. The big losers there were state banks and the airline Aeroflot, which would suffer if yet more U.S. sanctions arrive. Financial Times
 
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