JamesThatcher
Well-known member
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!
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!