Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
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.
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.
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets. For over 20 years, we've helped traders realise their ambitions and continue to set the industry bar.
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!
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.
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...
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
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.