We'r entering short EURTRY with long USDTRY.
FUNDAMENTAL:
With inflation numbers coming out of the euro-zone, we will probably get a stark reminder of why the ECB is in an ultra-easing policy, and that’s here to stay, especially as German business confidence slides and France is still lagging behind. In the US, even a miss on GDP and the NFP are not set to divert the Fed from its gradual path to tightening. Recent data is quite encouraging.EUR is fundamentally very weak as compare to USD, TRY is assumed as neutral instrument and range bound.
TECHNICAL :
EURTRY is on trendline resistance at the moment while USDTRY is on trendline support.
www.sz-ventures.com
FUNDAMENTAL:
With inflation numbers coming out of the euro-zone, we will probably get a stark reminder of why the ECB is in an ultra-easing policy, and that’s here to stay, especially as German business confidence slides and France is still lagging behind. In the US, even a miss on GDP and the NFP are not set to divert the Fed from its gradual path to tightening. Recent data is quite encouraging.EUR is fundamentally very weak as compare to USD, TRY is assumed as neutral instrument and range bound.
TECHNICAL :
EURTRY is on trendline resistance at the moment while USDTRY is on trendline support.
www.sz-ventures.com
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