Admittedly, I've not made a good call on the Lira so far this year. Fundamentally the Lira is way overvalued at ~5.60, it's probably overvalued even at $6 but the CBRT has found clever ways to prop up the currency through swaps (and a billion or so in borrowed Yuan).
all that said, the algo is signalling long here, so I'll be taking a smaller position to balance risk in the event Trump decides to intervene in the dollar directly since the DXY is back over 98 (again) so a Trump tweet seems likely.
all that said, the algo is signalling long here, so I'll be taking a smaller position to balance risk in the event Trump decides to intervene in the dollar directly since the DXY is back over 98 (again) so a Trump tweet seems likely.