Turkey

Sort by:

  • 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 12:43 AM

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.

Market chart showing uptrend

Turkey’s inflation data may embolden Erdogan

The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st!

November 3, 2021 11:32 AM

Why trade with FOREX.com?


Tight spreads on 80+ FX pairs

Over 2,500 markets including Stock CFDs, Indices & Commodities

Award-winning platforms with fast & reliable execution

Course thumbnail of FOREX.com course:  What are commodities by FOREX.com
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.

Market chart showing uptrend

USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

default avatar
October 18, 2021 01:23 PM
Board of currencies

Currency Pair of the Week: USD/TRY

USD/TRY may be volatile this week as the markets try and figure out what to make of the new CBRT Governor

March 22, 2021 05:05 AM
road sign

Currency Pair of the Week: USD/TRY

USD/TRY should offer many trading opportunities this week

November 16, 2020 02:19 AM
Board of currencies

USD/TRY: Lira Stabilizes After Turkey’s Central Bank Delivers Surprise Rate Hike

USD/TRY remains a clear uptrend despite today’s dip, with rates still trading higher on the week and up nearly 20,000 pips (!) from the January lows.

default avatar
September 24, 2020 08:19 AM

Week ahead: EM currency crisis and key UK data

Another week has flown by and what a disastrous one it has been for the likes of the Turkish lira and to a lesser degree the British pound, but once again it has been a good for the US dollar.

TRY as It Might, Turkey Can’t Stop Its Currency from Melting Down

The economic situation in Turkey has been a powder keg for months, and it’s finally found a spark.

default avatar
August 10, 2018 05:52 AM

TRY this: GBP/TRY could be forming a major base

The Turkish Lira slumped late in the day on Friday when news of what turned out to be an unsuccessful coup attempt in Turkey hit the wires. The lira was able to regain its poise at the open overnight, but volatility should remain high in the coming days nonetheless. Understandably, there is still a lot of uncertainty in Turkey and risks remain high we may see renewed capital flight from the country. In the medium-term, the Turkish economy and corporate earnings could suffer because of the likely negative effects the political situation and on-going terrorist threats pose on the tourism industry.

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads and thousands of markets.
Trading view chart close-up