USDTRY 1:4 Risk Reward SHORT (Fundamentals)

If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan

TRY
Fundamental Quant Score +60

USD
Fundamental Quant Score -4

• Investors seek reforms, fear populism

• Lira initially weakened 2.5 percent

• Shares rise 1 percent (Updates lira, adds London swap rates, dollar bonds)

הערה:

Made a typo mistake on the chart "AUD +21 is meant to say (TRY: +60 STRONG)"

הערה:

Some positive USD news suggesting bullish employment numbers in the US, this could have a long impact on USD in the short term. However, as the FOMC announced earlier in the month they have no intentions of interest rate hikes which caused a huge drop in USD value as investor money fled the country.