Markets in red on Concerns over Turkey
Global risk sentiment last week began on a positive note on the backdrop of a positive US earnings season triggering the MSCI World pushing for highest levels since February 2018 and the S&P500 close to breaking all-time highs, printed in January 2018. However, with geopolitical concerns escalating in particular between Turkey and the US, global … Continued
IMPORTANT: Turkish Lira (TRY) Trading Temporarily Suspended
Following the extreme volatility surrounding the Turkish Lira (TRY) in recent days, trading on the following instruments is temporarily suspended: EURTRY, USDTRY, GBPTRY. Tier1FX will continue monitoring the situation closely and further notice will be published once trading on these instruments is resumed.
US Assets Remain Firm Despite Trade Tensions
Despite trade war jitters and a somewhat hawkish Federal Reserve, risky assets in the US extended gains last week with the S&P 500 taking home gains for the fifth week in a row, closing in on all-time highs at 2,872.87 printed in January 2018. The US Dollar kept on the bid with the trade-weighted index … Continued