
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
As Turkey made a purchase of the Russian missile system earlier this year, the US has threatened to sanction it, seeing that act as something incompatible with NATO membership. In response, on Monday the Turkish president Mr. Erdogan made it clear that the NATO military bases in Turkey may be closed if the US proceeds with the sanctions. Consequently, during the last three days, the Turkish lira has been depreciating against the US dollar in view of the unfolding complications around Turkey.
On the H4, USD/TRY rose to the level of 5.90, which is an inch away from the October high of 5.92. Although the price made a stop at this resistance, there has not been any other news after Mr. Erdogan’s comment to soften the pressure on the Turkish lira. In fact, there has not been any news at all that could shift the market away from a grim economic outlook for Turkish lira at this moment. For this reason, even if it seems unlikely to see USD/TRY climbing further up right now, there is nothing to convince the market otherwise.
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.
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
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!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.