Market Overview

19 November 2021 08:12

Mark Goichmann

The Turkish Lira has performed a record weakening after the central bank of Turkey cut its one-week repo rate to 15% from 16%. USDTRY immediately soared to an all-time high above the 11.00 level. The Central bank’s decision might seem to be astonishing, but it is in line with the seemingly obvious moves that have been made amid pressure from Turkish President Recep Tayyip Erdogan. Turkey is experiencing enormously high inflation which is around 20%.
29 October 2021 05:53

Mark Goichmann

The Q3 daunting GDP figures in the United States managed to cause the Dollar to slump as the American economy added just 2%. This is compared to the expected 2.7% and the amazing 6.7% in the Q2, 2021. This is quite a disappointing slowdown that poses risks to the economic recovery of the largest economy in the world. It is significant to point out that  these figures were released just ahead of the Federal Reserve’s (Fed) meeting on November 2-3, that should decide on the gradual tapering schedule. Such fears of the slowing down of the U.S.
1 October 2021 16:16

Mark Goichmann

Global economic growth faced a serious sudden throttle with contradictory consequences, as high energy prices were globally boosting inflation. Logically, low inflation was a serious problem for economic growth in preCOVID-19 years, meaning low consumer and investment demand hampered economic growth. Unprecedented monetary injections from the world’s major central banks, of which the Federal Reserve was among the first to take action, reversed this trend to a large extent and bailed countries out of economic turmoil.
24 September 2021 08:08

Mark Goichmann

This Thursday, September 23rd, the Bank of England (BoE) joined a relay race after the U.S. Federal Reserve (Fed) had made its move towards monetary tightening. The U.S. monetary policymaker clearly indicated that it is going to taper quantitative easing before the end of this year. The BoE did not point to any additional monetary stimulus measures in its statement, as it kept its interest rate unchanged at 0.1% together with the 895 –billion-pound ($1.23 billion) bond purchase program.
27 August 2021 09:23

Mark Goichmann

The paramount intrigue of the week is the results of the Jackson Hole conference run by the Federal Reserve (Fed) and the statement of its Chairman Jerome Powell that is going to take place on Friday. Financial markets are desperately waiting for the major Fed policymaker to announce further perspectives surrounding the monetary policy. However, the Fed is in awkward situation as, on the one hand, it has clear signs of economic recovery with 6.6% GDP up in the second quarter of 2021, and above 6.4% in the first quarter of this year, together with the first estimate of Q2 GDP growth being 6.5%.
5 August 2021 11:49

Mark Goichmann

The middle of this week, was expected to  bring about high volatility in the markets suddenly. But the truth of the matter is that it is showing extreme fragility and uncertainty with price movements and factors affecting it. Investors are trying to tune into any kind of signals that would reflect the policy of the Federal Reserve (Fed). In fact, markets are picking up some signals that were considered with low relevance before. Summer complacency was suddenly interrupted by worse July unemployment data compiled by ADP.
4 August 2021 11:50

Lysakov Sergey

The New Zealand Dollar, or just the Kiwi, according to the traders' slang term, could become the second of the major currencies to strengthen on a systematic basis after the Loonie, which is the Canadian Dollar. The last one has been embarking on a healthy path since the third week of April when the central bank of the country changed the size of the quantitative easing (QE) monetary program from $4 billion to $3 billion loonies per week, thus partly compressing the growth pace of the excessive money supply.
30 July 2021 13:52

Mark Goichmann

The British Pound is among the most prominent currencies that are seen to be benefiting from the U.S. Dollar weakness in the end of July. And, there are several drivers that seem to be pushing the Pound upside. The U.S. Dollar is consciously being pressured by the Federal Reserve (Fed) with its loose monetary policy. The Fed and its Chair Jerome Powell reconfirmed recently its commitment to continue quantitative easing policy with pumping as much as $120 billion each month for an uncertain period of time.
16 July 2021 10:21

Mark Goichmann

It seems that the single European currency has been laying on the side of risky assets over recent months. All of these risky assets are currently standing against the U.S. Dollar, which has been acting like a safe haven asset so far this year. The dovish rhetoric of Federal Reserve’s (Fed) Chair Jerome Powell in the U.S. Congress seems to be pressuring the Greenback while supporting the Euro. Mr. Powell streamed placidity despite shocking inflation figures in the United States that hit 5.4%.
14 July 2021 14:36

Lysakov Sergey

As the U.S. Federal Reserve’s (Fed) head Jerome Powell and Treasury Secretary Janet Yellen are ready for two days of Congressional testimony, against a thrilling background of another inflation spike in the American economy, the three major New York stock indexes continue to consolidate tranquilly in the direct neighbourhood of all-time highs. The U.S. consumer price index (CPI) set a fresh record of 5.4% annual growth, with the so-called "core" CPI excluding food and energy segments also hitting the 4.5% bar, which is an absolute maximum of domestic price dynamics since 1991.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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