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.
Overview
The US Labor Department’s monthly jobs report on Friday showed an increase of 136,000 in nonfarm payrolls last month, that was less than the August figure but still below the estimated 145K. The data also showed the unemployment rate...
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.
Overview
US President Donald Trump on Friday announced that he and a Chinese delegation reached the first phase of a what he called a “preliminary” deal to end their trade war.
President also suspended his long-threatened tariff hikes on at least...
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...
Overview
The Central Bank of the Republic of Turkey is meeting to decide on its interest rates on October 24. The CBRT's Monetary Policy Committee (MPC) has, in its last two meetings, slashed the rates by 750 basis points in...
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 Crypto
The New York-based Cryptocurrency platform Bakkt, an affiliate Intercontinental Exchange which owns the New York Stock Exchange announced on Thursday that it will "launch the first regulated options contract for bitcoin futures," starting from December 9...
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.
