When we read about a currency is plunging against another currency (usually the USD), what we are really saying is there is more supplies of Lira flooding the market. That means 1 USD will get you more TRY (lira) than before. Who is this good for ?
Of course , those who has a stronger currency and can get much more LIRA to spend be it food, transport, assets purchases, etc. So, from the chart point of view, you can see that the higher the price shoots up , the weaker is lira against USD.
And of course, for its residents who are keen to buy overseas goods, that means they need more LIRA to pay for it. That explains why Apple has to halt its online sales.
Of course , those who has a stronger currency and can get much more LIRA to spend be it food, transport, assets purchases, etc. So, from the chart point of view, you can see that the higher the price shoots up , the weaker is lira against USD.
And of course, for its residents who are keen to buy overseas goods, that means they need more LIRA to pay for it. That explains why Apple has to halt its online sales.
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the sky is the limit
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www.cnbc.com/2021/12...terest-rate-cut.html
Now , the retracement is pretty obvious , you can see a nice bearish candle forming so short for short term
Now , the retracement is pretty obvious , you can see a nice bearish candle forming so short for short term
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