Friday, October 27, 2017

27/10/2017 Update- USD Position reduced

Since last update, BIST 30 had a sharp run up despite the tensions between US and Germany. However due to USD/TRY testing new highs, market is consolidating close to all time highs.

USD/TRY has been in a strong uptrend since the low around 3,38. "43.000 TL" worth position is closed and transferred to fictitious monthly interest 3 account.  Position will be increased around if market comes back to 3,65 -3,7 range. The rest long position will be kept for the mid term.
EUR/TRY is trading around all time highs. Long position will be considered around 4.1.
Gold/TRY is also trading around all time highs due to increase in USD/TRY.Long position will be considered around 4.500.
Overall summary is below. Fund performance has been better than interest or USD performance however with its recent up move, BIST30 performance is slightly higher than the fund performance.


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