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The Turkish lira plunged as much as 7% overnight to a new record low near 15 to the dollar, as concerns snowball over President Erdogan's risky monetary policy. He believes in an unorthodox approach that higher rates cause inflation, rather than prevent it, but despite the beliefs t...
So far the Turkish lira's downward spiral hasn't affected other emerging market currencies as many foreign investors have lightened their holdings in Turkey over the past couple of years, the Wall Street Journal reports. The Turkish lira drops 1.6% against the U.S. dollar in trading on W...
The past week has been dominated by Omicron news as we all try to piece together the limited information we have and determine what it all means for the coming months. The RBA and BoC both hold meetings next week and will likely be armed with little more information than OPEC+ had on ...
Stocks had a losing week amid much volatility. The omicron strain of Covid-19 rattled markets and hawkish comments by Fed Chair Jerome Powell added to the risk-off mood. Today's non-farm payrolls report delivered a rising labor participation rate, which ramped up expectations for less Fed acc...
The Turkish lira slides again after President Recep Tayyip Erdogan replaces the country's treasury and finance minister after Lutfi Elvan stepped down from the role. The Turkish lira falls 1.6% to 13.48 lira per U.S. dollar. Recently, the currency dropped as low as 13.91 lira per gr...
The Turkish lira's freefall pauses after Turkey's central bank sells foreign reserves to support the currency. The lira rises 1.9% against the U.S. dollar and recently traded at 13.23 lira per greenback, after sinking to a 13.91 exchange rate. iShares MSCI Turkey ETF (NASDAQ:TUR) gains 3...
Turkish equities are volatile, but investors do not appear fearful. TUR is a fund that invests in Turkish equities but has suffered from rapid USD/TRY appreciation (TUR shares are USD-denominated, thus its TRY-denominated holdings are falling in value, in USD). As net flows into T...
Turkish lira drops 6.3% against the U.S. dollar after Federal Reserve Chairman Jerome Powell signaled the central bank might quicken its pace to tighten monetary policy. Turkey's iShares MSCI Turkey ETF (NASDAQ:TUR) slides 6.1%. That's only amplifying the effect of Turkish Pres...
Assets which are dramatically below fair value will have a very high likelihood of rallying toward fair value and beyond to a nearly opposite extreme, while those that have become the most overpriced relative to fair value will have a powerful tendency to plummet to fair value and beyond ...
The iShares MSCI Turkey ETF (NASDAQ:TUR) gains 5.7% in premarket trading as the Turkish lira strengthens 4.9% against the U.S. dollar, snapping the currency's worst losing streak in 20 years. The lira plunged after President Recep Tayyip Erdogan defended the Turkish central bank's decisi...
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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...