Hello Traders,
I'd like to take a moment to discuss a rather peculiar scenario unfolding in the world of Forex, centered on the Turkish Lira (TRY). It's a tale of two paradises – a seeming conundrum where what seems like a hardship for one can be a fortune for another.
🔥 Hell for Turkish people:
Firstly, let's understand the current state of Turkey's economy....
I am aware of the current geopolitical problems in the world and especially in Turkey.
Also the economy of Turkey has had a very hard time.
In 2023 there seem to be re-elections. Maybe if they get rid of Erdogan there can be a future.
Also 2023 is like the holy grail year for the Turks because they can "pump the oil out of the ground", because of a so called...
Fundamentally, Turkey is important to stay in NATO , close to EU, supported by Germans, invested heavily in by Europeans and others.
Negotiations with Greece will commence (starting in 2 weeks) and after all Turkey has nothing to lose and lot to gain from East Mediterranean Natural gas resources.
Take this from a Greek like me, emotions are not good when you...
