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Summary The BIST had an extraordinary performance to the year's end, and the TUR ETF has almost doubled in 2022. Despite the stellar stock market gains and relatively stable Lira, the Turkish economy's fundamentals are alarming as inflation hits almost triple digits. The current hig...
A bomb went off in the heart of Istanbul on Sunday afternoon, killing at least six people and wounding 81 others (50 have so far been discharged from the hospital). The attack occured in the middle of Istiklal street, a popular tourist destination on the city's "European Side," which in...
Summary After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient. It’s a relatively quiet week for the EU with the two standout economic rele...
Summary This week will be massive for markets as investors closely watch to see how inflation moderates. In addition to the inflation report and the midterm election, traders will also closely monitor the preliminary University of Michigan Survey. A quiet week as far as upper-...
Summary Will the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expecting a unanimous vote for one last major rate increase. Inflation has hit double-digits and remains the ECB’s numbe...
Summary Wall Street will pay close attention to the first look at third-quarter GDP. This is the critical week for guidance from mega-cap tech that will either make or break risk appetite. A new week will bring a new Prime Minister in the UK, the third in two months, following...
Continuing with its unconventional strategy of cutting interest rates in an effort to fight inflation, the Turkey's central bank cut rates by 150 basis points on Thursday to 10.5% and signaled one more cut before it ends the loosening cycle. A survey of economists by Bloomberg e...
Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...
Summary The Fed is primarily concerned with what is happening with inflation. This earnings season will likely be filled with hiring freezes/layoff announcements, cost-cutting saving measures, and mostly downbeat outlooks. The West is working towards fresh sanctions and potent...
Turkey's consumer inflation rate rose to a 24-year high in September as the government continues its novel plan of loosening policy into a spike in prices. September inflation rose 3.08% for the month, pushing the annual rate to an annual rate of 83.45%. But both were actually below...
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2024-07-15 01:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-15 05:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-24 15:58:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...