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TRY
USD/TRY slides after giant rate hike

The lira was the big FX mover after the Turkish central bank raised interest rates to a massive 15%. News that the Oxford vaccine is safe and effective alongside the resumption of stimulus talks lifted stocks on Wall Street.

28_july_bitcoin
Bitcoin rally picks up steam

Bitcoin has rallied another $800 from yesterday’s break of $12,000. The British pound hit a monthly high, rallying 200 pips after trade talks resumed. Tesla reported a 5th consecutive quarterly profit after the close of another soft day in equity markets.

US_Covid
Record US Coronavirus cases

Good Morning. It’s the last full trading week before the US election. EUR/USD is at its highest in 7 weeks. Wall Street closed lower last week while stocks in Hong Kong rose to the highest since Sept 3.

AUDUSD
AUD/USD drops on ZIRP talk

Global markets have swung lower again at the start of the week as a deadline for US stimulus neared. The Aussie dollar was a top FX decliner after the RBA revealed it is considering zero-interest rates policy (ZIRP).

euroeuro
Waiting for EU Recovery Fund

The euro is stalling under 1.19 awaiting the approval of the EU recovery fund. Treasury Secretary Mnuchin is not extending Fed emergency programs. New restrictions in New York and California saw US stock markets close lower Friday.

US_Covid
Record US virus cases

It’s the last full trading week before the US election. EUR/USD is at its highest in 7 weeks. Wall Street closed lower last week while stocks in Hong Kong rose to the highest since Sept 3.

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