USD/TRY and EUR/TRY

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1

What’s the go with your USD/TRY and EUR/TRY pairs?

I don’t actually want to trade them because I’m not… well you know, mental. But they seem to be untradable on the Vantage FX platform?

2

[QUOTE=“eastcoastbank;778027”]What’s the go with your USD/TRY and EUR/TRY pairs? I don’t actually want to trade them because I’m not… well you know, mental. But they seem to be untradable on the Vantage FX platform?[/QUOTE] Your already late to trade on this pair

3

Hey guys,

You are a little late unfortunately. This wasn’t something we could see coming and plan for, like with the Brexit vote. But our risk management office saw it fit to change pairs to close only (our clients had very minimal exposure to TRY anyway) before letting it all play out.

See more here: Vantage FX TRY trading restrictions after Turkey Coup

4

Thanks Vantage FX.

If only I was mental! …oh. :60:

5

USD.TRY - 2018.08.10.png1251×604 36.2 KB

Click on the chart to enlarge it.

6

At the weekly opening (5 pm Sunday, New York time), the USD/TRY broke 7.1000 in the first
5 minutes, before backing off to 6.7300 currently (1 am Monday, New York time).

Some people, myself included, were surprised that we did not see a gap on the opening.

This is a currency crisis for Turkey, but not the death of the Turkish currency.

To see a currency in its actual death-throes, watch the Venezuelan bolivar.
Currently, USD/VEF = 207,000