Turkish Elections: Lira reaction will likely be sharply positive initially if opposition wins – Commerzbank

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Ahead of highly consequential presidential and parliamentary elections coming up on 14 May, and possibly extending to 28 May, Commerzbank’s FX forecasts are only symbolic for now.

“If Erdogan wins, we expect the Lira exchange rate to ultimately break out of its recent low-volatility state produced using regulations and numerous capital controls.”

“If the opposition Nation’s Alliance wins, the market reaction will likely be sharply positive initially. But the coalition is made up of smaller parties, which came together only to oust Erdogan. The market’s enthusiasm could fade if the coalition were to run into cooperation or policy implementation challenges, which would remind markets that Erdogan can return to power.”

“Ahead of this outcome and in view of potential market dislocation, our forecasts are symbolic for now.”

Source: Commerzbank Research

[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group