Cristian Maggio, Head of Emerging Markets Strategy at TDS, point out that Turkey’s elections have returned an unambiguous winner, president Erdogan, who secured another five-year mandate – the first with sweeping executive powers – after winning an absolute 52.5% of votes in the first round. Key Quotes “The vote, as usual – and as expected – was controversial and marred by several irregularities and rigging attempts in several districts.” “As for political, economic and financial performance we expect more of the same for another five years, we remain bearish both on FX and rates, with USDTRY forecast above 5.00 and 1yr Xccy swaps above 20% in the forecasting horizon.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Technical Analysis: bears remain in control, fresh YTD lows and counting FX Street 4 years Cristian Maggio, Head of Emerging Markets Strategy at TDS, point out that Turkey's elections have returned an unambiguous winner, president Erdogan, who secured another five-year mandate - the first with sweeping executive powers - after winning an absolute 52.5% of votes in the first round. Key Quotes "The vote, as usual - and as expected - was controversial and marred by several irregularities and rigging attempts in several districts." "As for political, economic and financial performance we expect more of the same for another five years, we remain bearish both on FX and rates, with USDTRY forecast above 5.00 and… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
