News hero gradient

Erdogan

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular
Research

European Open: Turkey could be headed for a runoff election

The Turkish lira sank to a fresh record low against the US dollar as President Erdogan remained in the lead, although has yet to enjoy an outright majority.

default avatar
May 15, 2023 05:43 AM
Close-up of market chart

Asian Open: Erdogan – hold my lira and watch this

It was another day of epic volatility for the Turkish Lira. Only this time it went up in value, causing USD/TRY to fall around 17%.

Bank notes of different currencies

European Open: Lira today, ErdoGONE tomorrow

The Turkish Lira hit fresh new lows overnight as President Erdogan fired his Finance Minister (for opposing rate cuts, along with everyone else).

Open an account today

Tight spreads from 0.5 pts on FX and 1 pt on indices.

Award-winning platforms with fast and secure execution.

Close-up of market chart

European Open: RBNZ hike, FTSE holds support, Lira in freefall

Technically we suspect the FTSE has seen an important low around 7200 (but we cannot say the same for the flailing Lira). Up later is US GDP and revised consumer sentiment.

The ‘Central Bank of Erdogan’ Sharpens its Rate-Cut Knife

Turkey’s central bank announce their rate decision at 11:00 today. And, if prior meetings are anything to go by, we suspect it will be another lively one.

Graph showing a slow uptrend

USD/TRY explodes through 10. Will it reach 11?

Could this move above 10 just be a “buy the rumor, sell the fact” heading into the central bank meeting?

November 16, 2021 09:17 PM
Federal reserve building

Asian Open: Powell Says its Time to Taper, but Not Raise Rates

Leaving little room for misinterpretation on Friday, Fed Chair Jerome Powell clearly stated that tapering is imminent yet poured cold water on any rate hike occurring soon.

Graphic of trading data chart

Asian Open: Central Bank of Erdogan (CBOE) pulls no punches

USD/TRY won currency of the day to hit new highs after ‘impartial’ President Erdogan’s hand-picked central bankers cut rates by 200 bps despite raging inflation.

Currency exchange rate board of multiple currencies

European Open: Sentiment Sours Ahead of the Open, Turkish Rate Decision Up Next

News that Fitch ratings agency placed 29 Chinese property developers under closer scrutiny seemed to see a sudden inflow into the yen, knocking many crosses from their (overextended) highs.

Currency exchange rate board of multiple currencies

European Open: Sentiment Sours Ahead of the Open, Turkish Rate Decision Up Next

News that Fitch ratings agency placed 29 Chinese property developers under closer scrutiny seemed to see a sudden inflow into the yen, knocking many crosses from their (overextended) highs.

Bank notes of different currencies

USD/TRY at all-time highs

If Turkey continues to threaten retaliation against the Kurdish YPG militants or if there is a continued threat that the CBRT will cut rates once again, USD/TRY may continue to put in all-time new highs

USDTRY: TRYing (and Failing) to Form a Government

We rarely check in on the Turkish Lira beyond our weekly Emerging Market FX Rundown, but today’s moves in USDTRY practically mandate a closer look. […]

default avatar
August 13, 2015 07:27 PM

30 days risk-free trading with £10,000 in virtual funds