Changings?
I wrote my last article four months ago.....What changed? Turkish Stock market increased over 100,000 upper limit...
And Dolar/TL looks stabil range 3,68-3,55.We did not see 3,80 over also Turkish 2 years bond decreased 10,00 but away Inflalation data was so higher than befores.10 years bond and 2 years bond increased same which ranges are 12,00-11,50 %
Comparing with Turkish Lira
Also Turkish Gdp data came out with 3,5 in second quarter.Many researchers got wrong.In other way Turkish Foreign Trade still is so higher.And oil prices still are in 45-55 $
FED will get mixing balance sheet in this September.Fed raised int rate 0,25% in last June.Some of Fed Presidents said " we should improve balance sheet economy is getting warm"
10 Years USA treasury bond
Last friday US non agri cultural data was higher than expectations which has been 200,000.Expectations were 160,000.Therefore un employment rate still decreases which ratio is 4,6%. If we look at the graph 10 years treasury is near to 2,25.
After these data US dollar index has increased a little bit.But away we saw 100,000 over two months ago.Altough in same term Euro got a value against $.ECB still goes on with new packages for European Union.In this way new strong movement can happen in USD.Dollar Index has been a stabil movement recently.