Thu, Feb 27, 2020 @ 16:29 GMT
Full statement below. Press Release on Financial Markets To support financial stability and sustain the effective functioning of markets, the following measures have been introduced: I. Turkish lira liquidity management: 1) In the framework of intraday and overnight standing facilities, the Central Bank...
The story continues as the selloff in Turkish Lira continues in Asian session today. Yen is leading the way higher, followed by Swiss Franc on risk aversion. Euro is the weakest one followed by Australian Dollar. Asian markets are...
According to the CFTC Commitments of Traders report for the week ended August 7, traders turned less bullish towards the energy complex. They trimmed bets for crude oil and heating oil futures, while raising short positions on gasoline futures....
According to a latest study, more than 100 parliamentary seats have flipped from pro-Brexit in 2016 to pro-Bremain now. Focaldata, a consumer analytic company, compiled the breakdown data by modelling two YouGov polls conducted before and after Prime Minister...
German Economy Minister Peter Altmaier launched strong attack on Trump for his tariffs and sanctions. He told Bild am Sonntag newspaper that "this trade war is slowing down and destroying economic growth - and it creates new uncertainties." Meanwhile, the...
Turkish Lira's depreciation continues today despite effort by the government to calm the markets. USD/TRY breached 7.2 handle in early trading and stays firm around 7, up more than 9%. Turkish Finance Minister Berat Albayrak said on Sunday that plans...
Key Highlights The Euro fell sharply recently and broke the 1.1440 and 1.1400 support levels against the US Dollar. There is a major bearish trend line forming with resistance at 1.1500 on the 4-hours chart of EUR/USD. The US...
It was one of those wild week in the financial markets with a number of market moving themes. New Zealand Dollar was the worst performing one after RBNZ made itself clear that interest rate is going to stay low...
The US dollar appreciated versus most major pairs on Friday. The Japanese yen outperformed the greenback as a safe haven, but all other major currencies suffered heavy losses during the week. Tense trade developments between China and the US...
U.S. Highlights Global equity markets were hit Friday by fears that Turkey's deepening economic crisis will spread. The Turkish lira plummeted as investors have lost confidence that the Erdogan regime will be able to steer Turkey through its current...
Another week has flown by and what a disastrous one it has been for the likes of the Turkish lira and to a lesser degree the British pound, but once again it has been a good for the US...
The Turkish lira hit an all-time low as USD/TRY jumped almost 23.4% today following a speech by the President Recep Tayyip Erdoğan, where he spooked investors by choosing to continue his path of confrontation with the US and...
The economic situation in Turkey has been a powder keg for months, and it’s finally found a spark. While investors have never truly trusted Turkish President Recep Tayyip Erdogan, he’s shredded his last vestiges of credibility in recent months by...
US stocks open broadly lower on Turkish crisis. Selling accelerates after Trump double down the tariffs on Turkish steel and aluminum. So, does it justify Erdogan's claim that they're under "economic attack"? https://twitter.com/realDonaldTrump/status/1027899286586109955 At this time of writing, DOW is down...
Dollar, Yen and Swiss Franc are trading as the strongest ones today as supported by solid safe haven flow. The free fall in Turkish Lira raised concerns of contagion to Eurozone financial system. Such worries sends the Euro broadly...
Canadian jobs market is on fire By the numbers: Canada Jul Net Jobs +54,100 From Jun Canada Jul Net Jobs Forecast At +17,000 Canada Jul Full-Time Jobs -28,000; Part-Time +82,000 Canada Jul Jobless Rate 5.8%; Jun 6.0% Canada Jul Jobless...
GBPUSD: The pair continues to retain its downside pressure selling off further on Friday. Support lies at the 1.2750 level where a break will turn attention to the 1.2700 level. Further down, support lies at the 1.2650 level. Below...
US headline CPI rose 0.2% mom, 2.9% yoy in July. The year-over-year rate was unchanged from June's 2.9% yoy and missed expectation of 3.0%. However, core CPI rose 0.2% mom, 2.4% yoy. The year-over-year rate accelerated from June's 2.3% yoy...
Turkish President Tayyip Erdogan delivers a crisis speech in the northeastern city of Bayburt as the Lira extends recent free fall on US sanctions. Erdogan urges again the Turks to reach for their foreign exchange savings, and exchange dollar and...
Today’s sharp slide in the Turkish lira (currently down -6% at $5.9446, but was down -15% at $6.200 at one point) has obviously seeped through into broader financial markets, causing the USD and JPY to jump on safe haven...
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