News

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

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.  

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