Lira falls to new all-time low on intensifying conflict in Caucasus
The USDTRY surged to new all-time high at 7.8592 on Monday, as conflict in Caucasus, on Turkey’s border, revived negative sentiment and pushed lira further down.
The unexpected action from CBRT last week, when the central bank increased…
Read More...
Read More...
Several key economic releases tie in with monthly and quarterly ends in this week’s highlights
The markets are gearing for a hugely significant week ahead, as the impending release of several important economic indicators – including the first US presidential debate – coincide with the end of both September and the third quarter.…
Read More...
Read More...
Bears are taking a breather after last week’s 1.8% drop
The Euro bounces from two-month low in European session on Monday, driven by fresh risk mode in the market, that lifted global stocks and deflates dollar
Larger bears are taking a breather as traders book some profits on last week’s 1.8%…
Read More...
Read More...
The dollar is on track for the biggest weekly advance in six months
The US dollar regained traction on Friday, remaining on track for its best week since early April despite Thursday’s pause.
The Dollar Index, which measures the performance of the dollar against the basket of six major world currencies,…
Read More...
Read More...
Turkish lira rises after surprise CBRT rate hike but advance is likely to be limited
The Turkish lira rose strongly against the dollar, gaining 20 big figures in two days after Turkish central bank unexpectedly hiked interest rates by 2% to 10.25% on Thursday.
The CBRT surprised by tightening policy for the first time in…
Read More...
Read More...
Recovery extension cracks pivotal Fibo barrier
Cable extends recovery from Wednesday’s two-month low (1.2675) after bears got trapped under 200DMA (1.2719) and ahead pivotal Fibo support at 1.2690 (38.2% of 1.1409/1.3482 rally).
Fresh advance also points to false break below the base…
Read More...
Read More...
Bears are pausing but still on track for the biggest weekly fall in six months
Bears are taking a breather after three-day fall started to lose traction in the middle of thick rising daily cloud.
Thursday’s action ended in green Doji candle after three long bearish daily candles, with rising momentum and stochastic…
Read More...
Read More...
Growing concerns about US economic recovery continue to boost dollar’s safe-haven appeal
The dollar extends rally into fifth straight day and hits new two-month high on Thursday. Higher than expected US jobless claims added to concerns about the economic recovery already dented by stalled talks about the new package of fiscal…
Read More...
Read More...
Last week’s unexpected rise in US weekly job claims adds to concerns over US economic recovery
A fresh rise in the number of Americans filing new unemployment benefit claims has added to concerns over the country’s economic recovery.
In a report by the US Labor Department, figures showed that initial jobless claims rose to 870k…
Read More...
Read More...