
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Don’t waste your time – keep track of how NFP affects the US dollar!
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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.
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
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