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Turkish Interest Rate Decision

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Turkish Interest Rate Decision in Fundamental_xx New!
Country of release Turkey

What the data means to the market. Higher interest rates are great for the value of the currency. Higher interest rates will create a BUY on TRY Pairs

Historic Devitations and Their Outcome
December 2020 +0.5 dev gave 475 pips in 1 min.
See charts here -->
https://calendar.galaxysoftwareinc.com/#/calendar;i=25738;t=2020-12-24;r=M1
So can we expect 1000 pip with a 1.0 dev? we will see!

In October 2020 -1.75 dev created a great move! With over 900 pips in the first min.
See here -->
https://calendar.galaxysoftwareinc.com/#/calendar;i=23559;t=2020-10-22;r=M1

Today?s Forecasts
Prev = 17
Forecast = 18
Median Forecast = 17.16

Today?s Trade Plan
If Turkey hikes their Interest rate today to 18% then that really won't shock anyone and it?s unlikely to move the Lira as the forecast of 18& is already priced into the Lira. However, if they fail to hike as expected and leave rates at 17% then I would sell the Lira, and conversely, if they hike to 19% today and overshoot market expectations I will buy the Lira. In either scenario, we can expect a great move!

Good Luck James Thatcher





Linkback: https://www.forex.zone/fundamental/12/turkish-interest-rate-decision/3273/
#1 - March 18, 2021, 08:33:19 AM
« Last Edit: March 18, 2021, 10:51:54 AM by Admin »

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