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Turkey Approaching The Point Of No Return As Erdogan Blames The Currency Decline On USA
Article By: Martin Armstrong
Sunday, August 12, 2018 7:36 PM EDT
Erdogan, has denied on Saturday that Turkey is in a currency crisis. The truth is, Turkey has little hope of coming out of this in one piece.
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Lira Collapses Anew As Erdogan Digs In, Tempts Fate
Article By: The Heisenberg Report
Sunday, August 12, 2018 5:58 PM EDT
Calls for draconian rate hikes and/or an admission from Ankara that an IMF program might be necessary were not only ignored, but specifically ruled out by Erdogan, who quite literally said he would rather die than succumb to “the interest rate trap”.
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Forex Forecast: Pairs In Focus - Sunday, August 12
Article By: Daily Forex
Sunday, August 12, 2018 5:38 PM EDT
Fundamental analysis tends to support the U.S. Dollar, as American economic fundamentals continue to look relatively strong. The U.S. Dollar Index ended the week at its highest level seen since May 2017.
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Chart: Global Equities Death Cross Breadth
Article By: Callum Thomas
Sunday, August 12, 2018 5:25 PM EDT
Given the swiftly changing picture in global markets, this is a key chart to keep on your radar. What it shows is the proportion of 70 countries whose stock market has seen a death cross with Frontier Markets at 73% and Emerging Markets at 71%.
In this article: EEM
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Beyond The Border Breakdown
Article By: Tim Knight
Sunday, August 12, 2018 4:55 PM EDT
It was only a few trading days ago that most U.S. equity indexes were at the highest levels in the history of Earth. Even so, the markets outside the U.S. have been ripping at the seams
In this article: FXE, DXJ, EEM, EFA, EMB, EWZ
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Emerging Markets: Preview Of The Week Of August 13
Article By: Marc Chandler
Sunday, August 12, 2018 4:03 PM EDT
EM FX came under greater pressure last week as the situation in Turkey deteriorated. With no weekend developments as of this writing, we expect Turkish assets to remain under pressure this week.
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Trader Warns: Turkey's Meltdown Should Be "Valuable Lesson To Risk-Ignorant Investors" Worldwide
Article By: Tyler Durden
Sunday, August 12, 2018 2:12 PM EDT
If only the meltdown in Turkish assets could serve as a cautionary tale for global markets then it might be a painful lesson for Turkey but a cheap and valuable one for investors elsewhere used to ignoring the risks embedded in their portfolios.
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Gulf Banks Dive As Fallout From Turkey’s Currency Crisis Spreads
Article By: The Heisenberg Report
Sunday, August 12, 2018 12:46 PM EDT
Although Turkey’s problems are to a certain extent idiosyncratic, a collapse in the lira isn’t going to play out in a vacuum. Fast forward to Sunday, and Gulf banks are in the firing line.
In this article: EEM
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E Markets: Tipping Points
Article By: Robert Savage
Sunday, August 12, 2018 12:03 PM EDT
The wake-up call last week was that Turkey matters. It’s hard to ignore a 21% weekly drop in FX and say it is a one-off, isolated event. The tipping point risks next week won’t solely be about Turkey but China.
In this article: SPX Also: GLD, BITCOMP
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Testing The Dollar's Breakout
Article By: Marc Chandler
Sunday, August 12, 2018 10:47 AM EDT
The US dollar surged last week, with the Dollar Index rising 1.25%, the most since April, and driven by the policy mix and interest rate divergence. The other diver is the intensification of pressure on emerging markets.
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EUR/USD Forecast Aug. 13-17 – Can It Recover From The Turkish Tumble?
Article By: Yohay Elam
Saturday, August 11, 2018 7:12 PM EDT
EUR/USD collapsed on the Turkish crisis that threatens to cause some damage to euro-zone banks. Will it continue falling? The upcoming week features further fallout from this crisis and also all-important GDP figures.
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What $335 Billion In AUM Says About The Future For Emerging Markets, The Yuan And The Trade War
Article By: The Heisenberg Report
Saturday, August 11, 2018 7:03 PM EDT
It’s a tedious time to be long emerging market assets. The trade war threatens to undermine global growth, yet another strike against developing economy assets
In this article: EEM
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Dollar Surges, But Recent Gains Seem Exaggerated
Article By: Marc Chandler
Saturday, August 11, 2018 4:16 PM EDT
The US dollar surged at the end of the week, helped by a hawkish statement by a perceived dove at the Federal Reserve and dramatic drop in the Turkish lira, which spurred a broader rout in emerging markets and risk assets in general.
In this article: SPX
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Trade And Remittances Within Africa
Article By: Global Economic Intersection
Wednesday, August 8, 2018 4:33 PM EDT
Contrary to popular belief, countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances - the money people send home when working in another country.
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Saudi Arabia Will Stop Buying Canadian Wheat, Barley
Article By: Mish Shedlock
Tuesday, August 7, 2018 5:07 PM EDT
Trade tensions are heating up and this time it is Canada in the spotlight.
In this article: WEAT
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Iranians Hoard Gold As Currency Collapses Ahead Of Snapback Sanctions
Article By: Tyler Durden
Monday, August 6, 2018 5:15 PM EDT
On Tuesday just after midnight U.S. Eastern time, the Trump administration is set to bring back a first wave of restrictions that had been waived under the Iran nuclear deal.
In this article: GLD
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1 to 16 of 2003 Posts
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