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Category: lira

Psychological Overhang: Full Week Ahead Preview

August 26, 2018

U.S. politics and trade are likely to dominate the headlines this week.

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Turkish Tech Minister Says Maybe Digital ‘Barter System’ Might Work If Trump Weaponizes Dollar

August 25, 2018

“…this war has turned into a financial war.”

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A ‘Stealth’ Rate Hike From Turkey And A ‘Pick Your Poison’ Quandary For Europe

August 20, 2018

How to hike without hiking and what to do when there are no “good” options.

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There’s Only One Kind Of Umbrella For This Perfect Storm

August 17, 2018October 16, 2021

It’s raining, it’s pouring…

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Turkey Was Ready To Release Pastor Brunson Last Week And Then…

August 17, 2018August 17, 2018

“We told them that at least we have to see some goodwill.”

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Trader: The Question Is When Does The Fed Blink?

August 16, 2018November 13, 2018

“My guess is that it is later rather than sooner, but we are definitely getting closer with days like today.”

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Mnuchin Set To Slap Turkey With New Sanctions As Erdogan ‘Turns Out Not To Be A Great Friend’ 😡

August 16, 2018August 16, 2018

Just when you thought it was safe to jump back into the lira.

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‘Let’s Face It, Everybody Knew This Was Coming’: Albert Edwards Weighs In On Emerging Market Crisis

August 16, 2018October 16, 2021

“But in the frantic QE-inspired hunt for yield, nobody cared.”

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Volatility In Turkish Stocks Surges To Highest Since Coup As ‘The Dude’ Dumps $120 Million

August 16, 2018August 16, 2018

Anyone for falling knives?

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Turkey Gets $15 Billion Bailout Promise From Qatar: Here’s What It Means

August 15, 2018August 15, 2018

A durable alliance.

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Blood In The Water: Here’s Why The Emerging Market Rout Is Dangerous

August 15, 2018August 15, 2018

Wednesday is a disconcerting day for emerging markets. 

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After Second Worst Week In A Quarter Century, Turkey Engineers Lira Bounce With Swaps Crackdown

August 15, 2018August 15, 2018

It’s probably fair to say that everyone’s TRY forecasts are “under review”.

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To Spillover Or Not To Spillover, That’s The Question

August 14, 2018

“Spillover”, “contagion”, “transmission”, etc. etc.

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Lost Arms, Cut Beards And Untrustworthy Dollars: Just Another Day In Turkey’s Burgeoning Crisis

August 14, 2018

This has descended into farce, which is precisely what you’d expect…

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Battle Of The Stable Geniuses: Erdogan Boycotts iPhones, Says Everybody Wants A Vestel Venus Now

August 14, 2018August 14, 2018

Recep Tayyip Erdogan has a plan.

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Let’s Check In On Turkish Banks, Because Realistically, How Bad Could It … Oh, No.

August 13, 2018October 16, 2021

It’s not looking great, but again, valuations are cheap!

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With Lira Now More Volatile Than Bitcoin, Here Are Turkey’s Options For ‘Exiting The Vortex’

August 13, 2018August 13, 2018

“Fictive scenarios”.

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Turkish Delight: Full Week Ahead Preview

August 12, 2018August 13, 2018

Pray for Turkey.

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Lira Collapses Anew As Erdogan Digs In, Tempts Fate

August 12, 2018August 12, 2018

“Turkey will not convert or seize FX deposits.”

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‘I Dare You’: Erdogan Sets Stage For Outright Collapse In Turkey With Sunday Speech

August 12, 2018

“We see the game you are playing; we dare you.”

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Gulf Banks Dive As Fallout From Turkey’s Currency Crisis Spreads

August 12, 2018August 12, 2018

Ripple effect.

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‘Shame On You’! Erdogan Blasts Trump, U.S. In Characteristically Absurd Saturday Speech

August 11, 2018October 16, 2021

What’s going to be a real “shame” is if there’s not some resolution to this situation by Monday.

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As Turkish Banks Struggle To Meet FX Demand, Emergency Meeting Scheduled For Saturday

August 10, 2018

Get ready for capital controls.

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Erdogan Explains It All In 800-Word New York Times Op-Ed

August 10, 2018August 11, 2018

“On July 15, 2016, Turkey came under attack by members of a shadowy group led by Fethullah Gulen, who leads his organization, officially described by my government as Fethullah Terrorist Organization, from a compound in rural Pennsylvania.”

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‘This Is Not Going To End Well’: Turkey Isn’t EM’s Bellwether, But Brace For Impact Nonetheless

August 10, 2018October 16, 2021

“…markets need to be prepared for a hard landing in the economy, corporate defaults on foreign currency debt, and possible bank failures.”

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Contagion: Lira Collapse Spreads To Europe

August 10, 2018

“Smoked.”

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End Game: Lira Collapses Raising Specter Of Capital Controls, IMF Bailout

August 10, 2018August 10, 2018

After weeks spent teetering on the brink, the Turkish lira collapsed on Friday.

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