Lira is more than 6% higher against the dollar now. Turkish Banking Regulation Department went to a new update on swap operations Turkey continues to take some extraordinary actions to control the crisis.
1. UK CPI Inflation Is In Focus The UK CPI Inflation will be an important release for Sterling. The UK CPI inflation is expected to rise at 2.5% year-on-year, while core inflation is forecast to stay at 1.9% 2. Watch Out For US Retail Sales
There is no market consensus for the unemployment rate in May. The seasonally adjusted unemployment rate in April was 9.6%. A higher than the previous number should be taken as negative for the Turkish Lira.
The Eurozone economy quickened its pace of expansion to 0.4% on quarter in the three months to June of 2018, bettering expectations, the second estimate showed today. On an annualized basis, the bloc’s economic growth also expanded to 2.2%, up from 2.1% seen in the previous readout whi...
The Minister of Science, Industry and Technology, Mustafa Varank, recently announced that they started a support program worth of 1.2 billion Turkish lira for industrial manufacturers and said that businesses could apply to the program until the end of December. Reacting to these develo...
1. UK Unemployment Rate Traders will focus on UK July Unemployment Rate today and it is expected to stay to 4.2%. A lower than the previous realization in Unemployment Rate would be considered positive for the UK economy which is expected to get hurt by the Brexit proc...
The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed on Tuesday. Gross domestic product in Europe's biggest economy expanded by 0.5 percent quarter-on-quarter.
Turkish Lira getting a bid on reports that Pastor Brunson is to be released from house arrest by August 15th So far the news has not been confirmed by either the US or Turkey, and a denial will likely promptly reverse the entire move, although for now there is a sense that at least a mo...
Central Bank of the Republic of Turkey Cuts TRY RR ratios by 250bps on all maturities Cuts FX RR ratios by 400bps for some maturities Says move will provide TRY10bn, US$6bn and US$3b equivalent in gold of additional liquidity The Turkish li...
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