Exotic Carry Trade - Bullish Looking Lira - Aussie Stock Forums

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  1. #1

    Default Exotic Carry Trade - Bullish Looking Lira

    The Turkish Lira (TRY), offers the highest interest rate in the industrial world (16.25%) while borrowing the USD will only cost you 2.00%. Selling USD/TRY will yield you the hefty interest rate differential of 14.25%. And that's without using any leverage.

    Technically we are starting to have a decent case for selling USD/TRY. On the daily chart, the 50 and 200 period moving averages look poised to cross over, we have a bearish MACD crossover, and the uptrendline marked in green on the chart has been violated and should provide some resistance to the upside.

  2. #2
    tayser's Avatar
    Join Date
    Jan 2007

    Default Re: Exotic Carry Trade - Bullish Looking Lira

    what's Oanda's spread like on TRY?

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