Market News

Fed Suggests Benign Omicron May Drive Earlier Tapering End, Removes “Transitory” Language; Omicron Morbidity Remains Unclear; Markets Volatile

Likely Omicron More Resistant to Vaccines, Infectious; Omicron Morbidity Unclear; Stocks Lower; Japanese Yen Strong, Commodity Currencies Weak

Very Early Signs Omicron Manageable; US & Europe Stocks Rebound; Japanese Yen Strong, Commodity Currencies Weak

FOMC Minutes Have Little Effect; US GDP Slightly Undershoots; USD/JPY at 4-Year High; EUR/USD at 1-Year Low

US Preliminary GDP data released earlier today shows the US economy is growing at an annualized rate of 2.1%, slightly lower than the 2.2% expected by analyst consensus.

Lira Plummets as Erdogan Insists on Low Rates; RBNZ Hikes Rates; USD/JPY at 4-Year High; EUR/USD at 1-Year Low

As President Erdogan speaks on interest rates, the Turkish lira falls by more than 15% within a single day, prompting several Forex brokers to suspend all trading in the currency.

Dollar Rises on High Yields; USD/JPY at 4-Year High; EUR/USD at 1-Year Low

Euro Lower After Friday’s Fall; Crypto Continues to Dip; Stocks Inch Higher

USD/TRY Over 9% Higher This Week; Crypto Continues to Dip; EUR/USD Shows Some Support

The UK joins the list of countries seeing higher than anticipated inflation, boosting the prospect of a UK rate hike in December 2021.

Euro Drops as Hike Ruled Out; Dollar Boosted by Strong Retail Sales; USD/TRY Continues Advance; Crypto Dips

The Turkish lira fell to 10.24 against the U.S. dollar, a decline of more than 1.7 percent on Tuesday alone.

Euro Weakens; RBA Downplays Potential Raise; Biden / Xi Meet Weighed; USD/TRY Continues Advance; Crypto Dips; Wheat Hits New 4-Year Highs

USD/TRY Crosses 10; US Inflation at 31-Year High; Crypto Firmer; Crude Oil Falls; Wheat Hits New 4-Year Highs