Source: Reuters Lira traded at above 12 against the US dollar on Friday, erasing previous gains after President Tayyip Erdogan maintained his stance on taking interest rates lower. USDTRY is up +3.38%. Erdogan emphasized that Turkey will not turn back on its economic policy, with a focus on employment, production, and current account surplus.Turkey's president said he … [Read more...] about Lira Extends Weaknesses as President Erdogan Maintains Stance on Lower Rates
Global Stocks, Oil Prices Plunge on Issues Over New Covid-19 Variant
Source: The Wall Street Journal Stocks, oil prices, and government bond yields plunged after South Africa increased concern over a fast-spreading variant of the COVID-19. CSI 300 Index down -0.74%, EUR USD up +0.96% The S&P 500 opened nearly 1.4% lower as the Dow Jones Industrial Average fell 2.3% in the early trading session.Brent crude plunged 5% to below $77 per … [Read more...] about Global Stocks, Oil Prices Plunge on Issues Over New Covid-19 Variant
Sales of New Commercial Vehicles in the EU Plummet by 16.4% in October
Source: ACEA The EU posted a 16.4% decline in sales of new commercial vehicles in October, with all major segments recording a slump. DAX is down -3.34%, EURUSD is up +0.82%. All of the EU’s largest markets posted a decline in vehicle registrations, with Spain down by 32.7%, Germany fell by 24.3%, while France and Italy had a 23.3% and 22.9% slip in activity, … [Read more...] about Sales of New Commercial Vehicles in the EU Plummet by 16.4% in October
Spread Betting Guide
Spread betting is a form of trade in which investors speculate on financial instruments depending on whether they think the asset’s value will head up or down. You can trade without owning the underlying asset at all. You can spread bet on a wide range of products, including market indices, commodities, currencies, and more. Leverage is an in-built aspect of this trade, … [Read more...] about Spread Betting Guide
NZDUSD Forecast As RBNZ and Fed Policies Converge
The NZDUSD pair remained in a bearish trend as investors reflected on the Reserve Bank of New Zealand (RBNZ) decision and the country’s reopening plans. It is trading at a key support level at 0.6880, where it has struggled moving below before. RBNZ interest rate decision The RBNZ delivered a relatively hawkish interest rate decision on Wednesday. As was widely expected, … [Read more...] about NZDUSD Forecast As RBNZ and Fed Policies Converge
