Recent data showed inflation in Turkey rose up to 19.25% in August. According to the Research Department at BBVA, consumer inflation will remain near 19% till November, leaving almost no room for an easing form the Central Bank of the Republic of Turkey (CBRT). Key Quotes: “Consumer prices increased by 1.12% in August, again being
Month: September 2021
The S&P 500 slid to yesterday’s intraday highs while Bitcoin (BTC) climbed to its best levels in more than three months. The moves came as a key report on Friday showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its stimulus program this year. The
High price stalled ahead of a swing area between 1.3870 and 1.38774 The GBPUSD – like other pairs – saw the price move higher after the initial reaction to the US jobs report. The high price reached 1.38667. That fell short of a swing area between 1.38715 at 1.38774. The inability to extend above that area (and stay above) can potentially
It’s Labor day (and next Tuesday will be a slow one as well) Look for trading to thin out early today with the US and Canada headed for a long weekend. The New York Stock Exchange is closed Monday while here’s a look at the CME schedule: In the bond market, SIFMA didn’t recommend an
BSE on Friday announced that it has completed one month since launch of SUFI Steel futures contracts on the exchange platform, and has facilitated the delivery to the tune of 90 MT in the first full expiry cycle at the exchange designated delivery centre in Raipur. Mr Sameer Patil, chief business officer of BSE said
Dollar spikes lower in early US session after huge NFP miss. But the selloff is only firm against commodity currencies at the time of writing. In particular, the greenback is trying to recovery against European majors, as well as Sterling. Traders might need a bit more time to make up their mind. While a September
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The NZD/USD pair has broken back above 0.71. Economists at ANZ Bank expect the kiwi to see another leg higher with the next resistance seen at the 0.7170 mark. Markets look ahead to US NFP “Generalised USD weakness ahead of key US jobs data (which has the potential to shift sentiment on surprises) played a
200 day MA the next target The USDCAD has moved below the support area and the lows from the week (below 1.2568 – see earlier post here). The low price has reached 1.2551. The next target comes in at the 200 day MA at 1.2535. The price of the USDCAD has not traded below the
Russian gas giant Gazprom has started to move away from the US dollar to China’s yuan Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Gazprom Neft is the oil arm of Russia’s Gazprom, its CEO has said its begun to move away from the U.S. dollar to China’s
MELBOURNE: Oil prices dipped on Friday after posting strong overnight gains on a weaker dollar and a bigger-than-expected fall in US crude stocks and were headed for small gains on the week ahead of a highly anticipated US monthly jobs report. US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75
The OPEC+ will continue to increase oil output by +0.4M bpd in October. The decisions was made swiftly and came in line with the alliance’s plan to gradually bring back the output reduced (9.7M bpd) amidst the outbreak of the pandemic last year. Although the alliance has projected that the oil market would be in
Shares of Chewy sank in extended trading Wednesday after the online pet retailer’s second-quarter results and third-quarter outlook fell short of Wall Street forecasts. The stock was down more than 11% at one point, before parring some of the losses to trade down roughly 9% at 5:30 p.m. in New York. Chewy saw revenue rise
USD/CAD broke below its weekly range on Thursday. US Dollar Index slumps below 92.30 in the American session. Crude oil stages decisive rebound, trades above $70. The USD/CAD pair came under strong bearish pressure in the second half of the day on Thursday and dropped to its lowest level since August 16 1.2549. As of
XRP price edged higher on Sep. 2 as traders assessed Ripple Labs gaining an edge over the United States Securities and Exchange Commission (SEC) in an ongoing courtroom battle. The XRP/USD exchange rate surged by up to 4.74% to reach $1.296 for the first time since Aug. 23. The pair’s climb appeared alongside a spike
New lows for the greenback vs the EUR, GBP, AUD and NZD The USD has made a break to the downside with the dollar moving to new lows verse the EUR, GBP, AUD and the NZD. EURUSD: The EURUSD has broken above the 1.18507 to 1.18568 swing area (see earlier post). The pair has entered into the upper extreme area going
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do