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rice action is also stretched, but not as much as before the rally over the past two days. EFTA_R1_01609450 EFTA02489139 Looking specifically at USDTRY, price action is now stretched to the extent we saw earlier this year and more importantly at the start of 2014 (when the CBT undertook an emergency
ch' levels we have seen in the recent past. N EFTA_R1_01609452 EFTA02489141 2) Financial fair value (based on a regression of spot on S&P, VIX, Crude, CRB, US 10y, DXY, carry): According to our short term 'financial fair value' metric, EM FX is cheap almost across the board, with ZAR being the t
lly in MYR and B=L. TRY ZAR RUB price action is also stretched, but not as much as before t=e rally over the past two days. Looking specifically at USDTRY, price action is now =tretched to the extent we saw earlier this year and more importantly at th= start of 2014 (when the CBT undertook an emergency
ut we are st=ll far below the 'stretch' levels we have seen in the rece=t past. 2) Financial fair value (based on a regression of=spot on S&P, VIX, Crude, CRB, US 10y, DXY, carry): According to our short term 'financial fair =alue' metric, EM FX is cheap almost across the board, with ZAR bei=g the th
rice action is also stretched, but not as much as before the rally over the past two days. EFTA_R1_01610716 EFTA02489955 Looking specifically at USDTRY, price action is now stretched to the extent we saw earlier this year and more importantly at the start of 2014 (when the CBT undertook an emergency
ch' levels we have seen in the recent past. N. EFTA_R1_01610718 EFTA02489957 2) Financial fair value (based on a regression of spot on S&P, VIX, Crude, CRB, US 10y, DXY, carry): According to our short term financial fair value' metric, EM FX is cheap almost across the board, with ZAR being the th
Entities connected to both USDTRY and Crude

Jeffrey Epstein
PERSON
Daniel Sabba
PERSONGautam Kalani
PERSONEmerging Markets Research
ORGANIZATIONWinchester House
ORGANIZATIONGautam
PERSON
Central Europe
LOCATION