USDTRY 01-12-2018 (Economic figures)

Orange channel?? or Green Support?? or Below Red Downtrend??
Turkey's economic data comparison 2017-2018

• External debt +%4 Negative
  
• Inflation +%112 Very Negative (%11,90 -> %25,24)
  
• Internal debt +%11 Negative
  
• Unemployment rate +%6 Negative
  
• Central goverment debt +%11 Negative
  
• Policy rate (Interest) : +%300 ( %8,50 -> %24,50) Very negative
  
• Gold Reserves -%13 Negative
  
• Gross FX Reserves -%28 Negative
  
• Motor Vehicle Sales -%77 Very negative
  
• Tax revenues -%34 Very Negative
  
• Building permits -%60 Very Negative
  
• Export +%16 Positive*
  
• Import -%20 Positive*
  

* Exports are rising while imports are decreased %20 and manufacturing capacity decreased %7. It seems exporters produce what they have already in their warehouse inventories.Most probably we'll see negative exports and more negative imports incoming months.
All datas based on ceicdata.com.

Komentar:

Downtrend broken on 4h chart.Looks like resting at @fib0.5
I expect 5.71 then 6,24 eventually according to elliot correction (B) wave.