While we wait for the Fed…
On Tuesday, the US Dollar fell for the fourth day in a row following US President Trump’s critical comments regarding the recent interest hikes by the Federal Reserve. The US President wishes the Fed to support the economy by keeping rates low. Global stock markets were flat to higher and cautious ahead of the FOMC … Continued
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.