White House criticises Turkish tariffs, as Qatar pledges $15B to Ankara

The White House condemned Ankara's decision to double tariffs on the import of US assets in response to US tariffs on Turkish goods. In the last hours, Turkish officials said they intend to hit electronics, with tech giant Apple the most hit.

Thu, 08/16/2018 - 09:44

U.S. treasury yield curve continues to flatten

U.S. Treasury yield curve has flattened further this week, with the difference between 2- and 10-year yields falling to 26 basis points on August 14, two basis point less than the previous week, with the yield on the 2-year Treasury which has fallen to 2.63% and that one on 10-year which has fallen to 2.89%.

Thu, 08/16/2018 - 09:34

Germany’s GDP grows better than expected in second quarter

Germany continues to grow at a sustained pace,  pulling the rest of Eurozone countries. The German GDP recorded a growth of +0.5% in the second quarter of 2018 (correct figure for the worked days), while on an annual basis it registered an increase of +2.1%.

Wed, 08/15/2018 - 10:48

Turkey says they are ready to boycott U.S. electronic products

Turkish President Erdogan threatens to boycott US-made electronics, primarily Apple's products, as a counter-measure against the tariffs on Turkish steel and aluminum imposed by US president Donald Trump in recent days.

Wed, 08/15/2018 - 10:25

Argentina Shocks Markets Hiking Rates to 45%

The Argentine central bank surprised markets for the fourth time in 2018 hiking rates by as much as 500 basis points to 45% on August 13th. Only on August 7th, it had left the cost of borrowing at 40%, the level at which it was elevated on May 4th, the second day in a row of monetary tightening and the third in a week.

Tue, 08/14/2018 - 13:36

Investors Keep Their Bets Unchanged on the 'Hike' Scenario on September 26, November 8 FOMC Meetings

Investors bet on up to 5 interest rate hikes by the FED this year, according to the CME FedWatch tool.

Tue, 08/14/2018 - 08:40

Turkish Lira Plunges Furher, as Turkey’s Crisis Deepens

The Turkish lira crisis started last Friday further worsened on Monday morning at the opening of the markets. The lira lost almost -9% in early trading and the euro reached its minimum level over the last year, due to investor fear that the Turkish financial crisis will spread to European markets.

Mon, 08/13/2018 - 16:34

COT Indicator Shows How All the Categories of Investors Bet on the Euro in the Short Term

Euro fell to 1.1413 (-0.99%) against the Dollar on August 10th, at the end of a trading week which saw an escalation in geopolitical tensions among United States and Turkey, with US administration which increased sanctions on industrial metals against Ankara and with Turkish lira collapsing versus the dollar to the all time low, as global investors massively withdrew their capitals from Turkey.

Mon, 08/13/2018 - 16:15

Turkish lira hits new record low against the dollar

The Turkish lira collapsed again, touching new historical lows against the dollar.

Mon, 08/13/2018 - 09:43