Overview Markets and investors watching the Turkish Lira and assets will be tuning to mostly rate-setting decisions by major central banks, including the Central Bank of the Republic of Turkey (CBRT). The CBRT’s monetary policy meeting this Thursday is widely expected...
The expiration of more than 50 percent of Chicago Mercantile Exchange bitcoin futures contracts on August 30 led to price volatility in the crypto markets. In anticipation of the expiration, Bitcoin’s price saw a price point below $ 9,500 for the first time since July as it has lost lost even more during the following sessions. Although the CME expiration of contract may not have been a direct cause that triggered the drop, it nonetheless was a major contributor.
Weekly look at Commodities US President Donald Trump announced on Friday that his administration was retaliating against China’s move to increase tariffs on American products with increasing tariffs on Chinese goods. Trump tweeted that tariffs on the existing 250 billion dollars-worth...
Markets went through a swing amid global political uncertainties and various economic data. One of the closely followed events in the week will be the Fed annual Jackson Hole Policy Symposium scheduled August 23. The Fed Chair Powell will provide remarks on the future monetary policy.
The Central Bank of the Republic of Turkey (CBRT) significantly slashed its benchmark interest rate during its July policy meeting by 425 basis points from 24% to 19.75%. The cut came in less than three weeks after President Recep Tayyip Erdogan fired the bank's Governor Murat Cetinkaya, for not listening to his instructions to lower rates, a move unseen since the 1980 military coup in the country.
Weekly look at Commodities Precious metal prices along with energy commodities have been on an upward trajectory. Recent remarks by US Federal Reserve officials signaling an imminent federal funds rate as early as the Federal Open Market Committee (FOMC) meeting...
Turkey is facing several crises stemming from multiple fronts, particularly with its western allies. The first and foremost issue entangling the country’s already fragile economy is the threat of devastating US sanctions in response to Ankara’s purchase of S-400 missiles from Russia.
Markets around the globe have been awaiting what will come next after US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a second ceasefire at their G20 summit meeting. Read more to find out how the meeting has influenced major world currencies.
Read our Cryptocurrency Bulletin to find out more about the developments that led to price fluctuations in almost all cryptocurrencies.
12Page 2 of 2