Turkish Lira Popping Again

in markets •  18 days ago

Ever since Turkish "President" Erdogan played nice with Trump and sent that pastor back to the US, the currency stabilized for a short spell.

But 2019 is a new year and as talk of Turkey rebelling against NATO heats back up, so will the Pressure on the Lira. It just lost 3% against the USD in a "glitchy" flash crash until regaining about half of those losses. This was a warning shot.

A solid base of support formed around 5.30 against the USD, but the fundamental economic problems driving the decline (massive money printing) are still in place and its my guess that the long term decline in the value of the Lira will begin once again.

3mAeiho1.png

On the longer term chart, this thing is a basket case and is headed for the dustbin of currency history like all the rest of its unbacked by Gold predecessors.

BG3mcRGw.png

@matthewwarn

To invest in Mene24k Gold Jewerly click Here
To open your own BitShares account, click Here
To open your own Binance account, click Here
To open your own Coinbase account, click Here

C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPe356vX8pMr2YZYCNwrGiDBbPieM7xX9z8YkUuMuG4VB9gDLhK4DZ495u6TvAuWdnSrmTmfgBx.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!