28 Ekim 2015 Çarşamba

USDTRY 2,80 Possible in 2016


As nearly touch end of the 2015, the expected interest rate raise by FED have not came to live yet. Although market is getting the best positive statistical data of years, it does not make any echo to real economy. China has the slowest growth of the last years, Europe is still dealing with deflation threat, also Japan.  Developing countries is anxious about FED interest rate raise and their budget balance is changing route. Some commodities like gold, silver, oil and steel has moving deeper and deeper day by day. In addition to this view, US companies has suffering from strong USD. Altough US domestic companies has competitive advantages in their products and services as hi-tech, innovative and user friendly design. It does not prevent to suffer  from strong USD in global market. In a that economic mileu,  Is that possible to see interest rate raise by FED until the mid of 2016 even more along 2016? All these  negative movements shows us not to hope. At this point we need to keep in our minds: members of FOMC consist of more dovish economists in 2015. So it seems even harder to see  that upward move decision.


Dovish:   Easy money policy supportes for economic stability
Hawkish: Tigh money policy supporters for economic stability



http://uk.businessinsider.com/fomc-hawks-vs-doves-in-2015-2014-12?r=US&IR=T
As the local side, if political chaos in Turkey come to end  in the election and other economic indications will remain stable ( budget deficit continue to hover arounds the rate 2 %, trade deficit/ G.D.P.  moves through 3 % and G.D.P. will increase in acceptable levels) In addition, FED can not raise interest rates mainly because of strong USD and global low demand. It is possible that we live with 2,80-2,90 range in USDTRY along 2016.  
Is that possible? If Turkish national football team was able to join European Championship of 2016 as the best third achieving lots of possible combination in last play. YES It is possible))

Hiç yorum yok:

Yorum Gönder