…And the Dollar exceeds 4.00 TL level, which was waiting around the corner anyway. Following Moody’s decision to downgrade Turkey’s credit rating on the grounds of its “external fragility”, Fed
When we take a look at the CDS, one of the key data about the risks a country may run, we can see that the Turkish economy looks worse than
Here’s what we’re looking at after the first day of the trading week that we’ve finished with mixed feelings: USD/TRY and Currency Basket remain at high levels. Benchmark rate goes
A new week kicks off amid tensions. Markets look quite upset because of US President Trump’s tariffs decision that may trigger global trade wars. The morning starts with the highest
Here’s a brief summary of what’s been going on lately in markets: The number of Americans filing applications for unemployment benefits turn out to be higher than expected whereas Purchasing
Markets were relatively calm as Fed decision nears. A small tip I’ve always emphasized: When exchange rates climb sharply, they usually tend to drop after a while. But, when gradual
Fed decision is so close that everyone is holding their breath until the result is in. As I have mentioned in yesterday’s report, very few has a backup plan in
As a new week begins, I’d like to once again bow respectfully to the heroes of Çanakkale whom we remembered one more time yesterday. Let’s remember Mustafa Kemal ATATURK’s tribute
Although it hasn’t brought too much impact on markets, Government’s declaration for paying the outstanding VAT possibly in 2020 became the top item on Turkish economic agenda. Following this statement,
Exploration never fails.
