Turkey announces punitive tariffs against many American products
Lira recovers to 5.85 against USD
US alcohol, automobiles and tobacco hit particularly hard
Turkey’s heavily punished currency, the lira, strengthened sharply yesterday morning after the Turkish government announced that it would impose significant tariffs against American products in retaliation for...
EUR/USD moves mainly sideways on Thursday
Currency pair unlikely to break out above 1.1850
There is nevertheless a small bias to the upside
From the Eurozone, the latest FX news is that the EUR/USD currency pair remains relatively neutral, although analysts widely expect it to trade in a higher...
JVCEA proposes a 1:4 cap on margin trading
This follows the EU placing a 1:2 leverage cap on crypto trading last year
There are 3.5 million cryptocurrency traders in Japan
The Japan Virtual Currency Exchange Association (JVCEA) has suggested a cap on the amount of leverage that exchanges should...
3M Co ends lower for third day in a row
Trump involved in new spat with Iranian President
Tesla shares fall 3.3% after claims that it asked suppliers for refunds
On the stock market front, the Dow Jones Industrial Average dropped by 13.83 points yesterday to end at 25,044.29.
One...
USD/TRY reaches new highs
Best performer was CHF
USD also strengthens against EUR, NZD and AUD
The focus in forex markets on 14 August was mainly currency pairs such as USD/TRY, where the lira continued to be punished. In fact, the USD/TRY rate has broken above 7,000 for the...
Currently trading at around $350
Tesla remains the most shorted stock in US
Some analysts believe it could reach $500
When Tesla stocks kicked off last week at well below $300, few traders or investors would have believed that it would now be approaching $350. Since then, the company...
USD index now stands at 95.451
Emerging market currencies main losers
China suggests tariffs on $60bn of US imports
The USD strengthened further on Monday, following a trend that has now lasted for two weeks. Investors are clearly betting that the ongoing trade conflict and a robust US economy...
This week should bring more strong earnings results
Consumers most positive in 13 years
Goldman Sachs expects some stocks to rise by up to 44%
This week should bring more robust Q2 earnings results from various consumer firms. Retailers including Home Depot and Walmart will release their Q2 results...
US Fed announcement largely ignored
US drastically increases tariffs on Chinese imports
Asian markets subsequently report sharp losses
The decision by the US Federal Reserve to keep rates unchanged has been ignored by forex markets to a large extent so far.
What caused Asian markets to plunge sharply on Thursday...
USD weakens widely on Monday but strengthens against the JPY
BOE could increase interest rates this week
Fed not expected to announce rate increase
A brief look at the major currency pairs in the forex market shows that the best performer was the CHF, while the JPY ended at...
