EUR/TRY
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thread: EUR/TRY

  1. #1
    Junior Member Paxi27's Avatar
    10

    EUR/TRY

    Hello,
    like I couldn't find a thread for I have chosen to open one we can go over the pair. It is really intriguing pair right now and I am in a position. The EUR is overvalued in my opinion when compared to this TRY due to the good fundamentals on the Turkish market, the interest rates as you earn while retaining the position even if it does not change. So far that the TRY has gained aprox 15% against the EUR since the summit in 2.3 but I believe that the trend is still down for the EUR and this really is a great prospect. Saxo bank and also RBS urge this position this year.

    Regards,
    Octacomm

  2. #2
    Senior Member cler_99's Avatar
    232
    Hey guys does anyone think that is great carry trade?

  3. #3
    Junior Member weedpkr's Avatar
    20
    Turkey's credit rating was updated by Fitch. Since these days the boj appears to talk about stimulation, I like a position. Or even a position on EUR/TRY. Rolls aren't too awful

    Here is your update article:
    http://www.bloomberg.com/news/2012-1...-by-fitch.html

  4. #4
    Junior Member bverpkne's Avatar
    15
    What's your disperse for EUR/TRY and TRY/JPY? I am not sure if I have a spreads for those pairs

  5. #5
    EUR/TRY is definately woth looking, pleasant moving actually! For carry trade I am also looking at ZAR/NOK, yet another significant leg down in this pair plus I am a buyer!
    I find it very attractive also, however, the volatility is quite frightening. Not much analysis over it. So it is hard work piecing the bits and pieces together. From what I understand Turkey's economy is stronger then although 4% its scenario is rather shaky. EUR still requires injection of money QE 1,2 to . Even though it seems looks great esp the carry trade, my main worry is that a coup or something like that.

  6. #6
    Junior Member varanus's Avatar
    12
    Hello
    .. .and what your opinion one year later?

    PR1

  7. #7
    Senior Member adridado's Avatar
    247
    Extended 2.3000
    goal 2.4000

  8. #8
    Junior Member weedpkr's Avatar
    20
    The spreads are a bit higher compared to major pairs, I have observed eur/try everywhere from 3.0-24.00 pip spread. Before the NY session begins, I usually try to get in about 2 hours. That is when I've noticed it is the cheapest.

    TRY/JPY generally has about 6 pip spread. I used a disperse indior to document the spreads to find out its point during each session for each broker.

  9. #9
    Junior Member Jesus's Avatar
    18
    Morning :-
    I had a glance on this via Oanda last night / this morning
    The spreads where as follows (GMT)
    8pm = 30 pips 9pm 60 pips 10.30pm 100 pips 7.30 am 10 pips
    Anyway I shorted a lot at 2.2756 cost me 30 pips for 3.5 GBP per pip
    I believe watching PA is a lot more interesting when there's money at stake.
    This is not a scalping currency -)

  10. #10
    Garc?a
    Guest
    Really good thread!

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