Turkish Lira Erases its Economic Attack Losses

Turkish Lira Erases its Economic Attack Losses

The Turkish lira has erased nearly all its recent losses after Qatar overnight offered Turkey an economic support package worth +$15B. On Monday, TRY broke record lows and outright has threatened to lift inflation even higher, causing concerns of an economic meltdown in Turkey.

A Market Bloodbath as Turkey Fever Spreads

A Market Bloodbath as Turkey Fever Spreads

Just when you though it was safe to invest in an asset that made sense, be it forex, bonds or stocks, fear and contagion has suddenly appeared, and in under 48-hours has severely bullied emerging markets into near submission with the Turkish lira falling nearly +45% against the dollar. Here’s why.

H2 Currencies to Watch: Growth Potential in Emerging Markets

H2 Currencies to Watch: Growth Potential in Emerging Markets

The last article in our blog series on what businesses need to know about key global currencies in the second half of 2018 covers emerging markets. Read on as we look at commodity prices, interest rate policies, and the economic growth of emerging markets and what businesses can expect in the upcoming months.

Week Ahead: European Bank Exposure to Turkey Hits EUR

Week Ahead: European Bank Exposure to Turkey Hits EUR

Italian, Spanish, and French banks are reported to have loans worth over $150 billion in Turkey. The falling Turkish lira makes those loans denominated in foreign currency harder to repay resulting in the EUR touching record lows on Friday.

Week Ahead: U.S. Dollar Takes NFP Hit But Ends High

Week Ahead: U.S. Dollar Takes NFP Hit But Ends High

The U.S. dollar fell after the nonfarm payroll came in below expectations, but the greenback is still higher against most majors on a weekly basis. The past week featured central banks and influential economic indicators, but the guiding factor remains the trade tensions between China and the United States.
Here’s your week ahead.

Pound Dives on Bank of England Interest Rate Hike

Pound Dives on Bank of England Interest Rate Hike

The Sterling tumbled today after the Bank of England raised interest rates by 0.25% to a post-financial crisis high. Will hike be seen as brave or stupid come March’s Brexit deadline?

Five Things the Markets are Talking About: Monday, July 30

Five Things the Markets are Talking About: Monday, July 30

A host of G10 central banks are on tap to offer their monetary policy decisions – the Bank of Japan, Reserve Bank of India, Bank of England, and the Federal Open Market Committee.

Week Ahead: A Chock Full Week of Market Events

Week Ahead: A Chock Full Week of Market Events

The week will be full to the brim featuring monetary policy announcements from the Bank of Japan, the Fed, the Bank of England, and the release of jobs data in the United States. Here’s your week ahead.

Trump and Juncker to set the Dollar’s Tone

Trump and Juncker to set the Dollar’s Tone

Trade tensions remain to the fore with today’s meeting between President Trump and European Commission chief Jean-Claude Junker with most G10 currency pairs trading in a tight range before today’s development from the meeting.

Five Things the Markets are Talking About: Monday, July 23

Five Things the Markets are Talking About: Monday, July 23

This week starts with equities under pressure as capital markets digest warnings from G20 finance ministers about the impact of protectionism on growth. Also raising concerns is the Sino-U.S. trade war now spilling over into currency markets with President Trump rhetoric supporting a preference for lower U.S. dollar interest rates and a weaker currency.

Week Ahead: Dollar Rally Ends With Trump Monetary Policy and Currency War Comments

Week Ahead: Dollar Rally Ends With Trump Monetary Policy and Currency War Comments

The USD fell against major pairs on Friday after U.S. President Donald Trump tweeted that China and the E.U. manipulate their currency. Trade war escalation has reached a second phase at a time when American politics are having an identity crisis with the ongoing Russian interference during the 2016 elections. Here’s your FX week ahead.

‘Footy’ dented U.K. retail sales and pounds sterling

‘Footy’ dented U.K. retail sales and pounds sterling

Data this morning from the Office for National Statistics showed that U.K. retail sales declined in June, as Britons chose to watch the World Cup rather than shop.

Here are five things the markets are talking about.

British pound edges higher, investors eye U.K. job numbers

British pound edges higher, investors eye U.K. job numbers

As the Brexit deadline creeps ever closer, both sides are making contingency plans for a ‘hard Brexit’, in the event that the parties fail to reach an agreement. Here are the new developments.

Week Ahead: Trade War and Trump European Trip Boost U.S. Dollar

Week Ahead: Trade War and Trump European Trip Boost U.S. Dollar

Trade war concerns rose with comments from U.S. President Donald Trump who has been outspoken on NATO, trade, and the Brexit deal. We also cover the Yen, the Bank of Canada, and Brexit pressures. Here’s everything you need to know in your week ahead.

Kuroda says BOJ Sticking to Game Plan

Kuroda says BOJ Sticking to Game Plan

In a speech today, BOJ governor Haruhiko Kuroda vowed to continue to expand the monetary base to maintain the economy’s momentum in order to achieve the BOJ’s price target, reiterating that the central bank would make policy adjustments to reach that goal.