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The U.S. stock market is oversold, and there are less than two weeks of trading until the end of 2021. Inflation readings were very low at the end of 2020, but the December 2021 CPI numbers, when reported in January, could be over 7% higher due to base effects and low numbers rolling ...
The Turkish lira is whipsawing, but moving further away from its lows hit yesterday in the wake of measures by President Recep Tayyip Erdogan to defend the currency. The lira is up 1.7%, just below 13 per U.S. dollar, having earlier touched a high of 11.0937. It is down more than 40% aga...
The Turkish Lira is having wild day as it becomes the best performing currency by far on Monday from being down more than 10% earlier on the same day. The lira bounces 10% to 14.79 against the U.S. dollar, up from an all-time low of 18.32 earlier on Monday. iShares MSCI Turkey excha...
The Turkish lira collapses as much as 10% to yet another all-time low of 17.83 against the U.S. dollar as President Recep Tayyip Erdogan continues to praise for the unorthodox monetary response of lowering interest rates amid double digit inflation. "What is it? We are lowering inte...
Stocks gave up ground this week in volatile trading action. The Federal Reserve on Wednesday reinforced the hawkish stance set at its previous meeting, but stocks unexpectedly rallied after the announcement. These gains were quickly given back the following day and into a choppy Friday sessio...
The Turkish lira falls a further 6.4% against the U.S. dollar, losing 56% of its value against the greenback in 2021, even as Turkey's central bank attempts to prop up the currency by selling foreign reserves. The lira recently traded at 16.79 per U.S. dollar and fell as low as 17.0...
The Turkish lira sinks 5.4% against the U.S. dollar as the country's central bank continues its unorthodox policy of cutting rates in an attempt to boost the economy even as inflation climbs. The lira touched an all-time low of 15.73 lira per dollar. Turkey's central bank cuts its k...
Turkey is easing rates on the back of accelerating inflation, the opposite of conventional monetary policy. The local currency (Turkish lira - TRY) is down over 40% in the past month and around 70% in the past three months. Local corporates, especially banks, will have a tougher t...
PMI surveys can quickly highlight the effects of currency fluctuations on prices. The kwacha has gained over 20% against the US dollar over the second half of the year so far, the best of any of the currencies tracked by Refinitiv worldwide. Currencies in Zambia and Turkey show co...
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...
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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...