USD/TRY holds steady around 12.50 amid Turkish Presi. Erdogan’s comments
22.12.2021, 09:43

USD/TRY holds steady around 12.50 amid Turkish Presi. Erdogan’s comments

  • USD/TRY sidelined around 12.50, as the lira remains unfazed by Erdogan’s speech.
  • Erdogan said new economic measures have achieved goal.
  • 50-DMA caps losses while 21-DMA is the level to beat for the bulls.

USD/TRY is trading almost unchanged on the day, around 12.50, at the time of writing, as the lira pays little heed to the latest comments from Turkish President Tayyip Erdogan.

Erdogan said that he will not let Turks be crushed under interest rates and inflation.

Additional quotes

Speculative financial games tried to bring down turkey.

Domestic forces also played games against Turkish economy.

Thwarted all games against economy, continues path with god's help.

He will not Turks be crushed under interest rates, inflation.

Turkey will emerge victorious from economic battle.

There are obstacles, risks, traps but turkey's determination will overwhelm these.

There will be no early elections.

New economic measures have achieved goal.

Turkey not doing anything against free market rules, ensuring speculators leave economy alone.

Those calling to buy forex now have had their "brains watered down".

His comments come after the domestic currency staged a historic recovery rally from record lows of 18.37, helped by Erdogan announced a rescue plan to compensate savers for currency moves that have eroded the value of bank deposits held in the lira.

Looking at USD/TRY’s technical chart, the spot is attempting a tepid bounce, holding comfortably above the 50-Daily Moving Average (DMA) support at 11.49.

Meanwhile, the horizontal 21-DMA at 13.63 will continue guarding the upside.

The indecisive price action in USD/TRY is justified by the 14-day Relative Strength Index (RSI), which is trading at coin flip levels.

USD/TRY: Daily chart

 

 

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik