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Turkish Rate Decision

In Trade Plans by CathyLeave a Comment

The Central Bank of the Republic of Turkey’s (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the TRY (Turkish Lira), while a lower than expected rate is negative/bearish.

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Turkish Rate Decision – A big win!

In Trade Plans by CathyLeave a Comment

Yesterday we got the type of trade I live for, a surprise cut to the Turkish interest rate.
With only one out of twenty-three economists predicting a change to the rate, the forecast was to remain at 19%. Last time we saw a shock move of more than 0.5% we saw 900 pips immediately after. Today, I’m delighted to say we saw the same again a shock cut to 18 % and over a 1000 pips banked.

View Post

Turkish Rate Decision

In Trade Plans by CathyLeave a Comment

The Central Bank of the Republic of Turkey’s (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the TRY (Turkish Lira), while a lower than expected rate is negative/bearish.