
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
It’s a tough time for the Turkish lira. The USD/TRY is moving up strongly and aggressively. It broke through the highest historic closing price of 2018 year, notably 6.82, and has almost reached the 7.00 mark.
According to economists from TD Securities, the Central Bank of Turkey (CBRT) will completely exhaust Net International Reserves this week. Moreover, if the present rate doesn’t slow down, total reserves will be over at the latest by the 3rd week of September, at the earliest by the 3rd week of July.
The CBRT cut the benchmark interest rate by 100 basis points to 8.75 percent, surprising economists, who had forecast a 50-basis point reduction. However, such a huge decline would have happened anyway, even if the CBRT didn’t cut rates. Some analysts think the pair can rise even to the 8 mark.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!