Markets are Recovering

Economic News
16 thg 8, 2018
Markets are Recovering

Yesterday was the worst day for US stocks over the past seven weeks amid a broad fall in global stocks. Commodities also showed a fall yesterday. The price of crude oil fell below $65 a barrel during yesterday's trading session.

Sanctions imposed by Donald Trump on Turkey for the arrest of an American pastor forced Recep Erdogan to look for ways to stabilize and protect the economy. Thus, the Turkish president found himself a sponsor from Qatar, ready to invest $15 billion into the Turkish economy. At the same time, all the other neighbors in the Persian Gulf led by Saudi Arabia interrupted diplomatic relations with Qatar last year. The Turkish lira stopped its decline relative to the reserve currency, partially winning back the previously lost positions, falling below the level of 6.0.

The market of cryptocurrencies is on the rise again and the prices for Bitcoin rose above the $6,000 mark and led the rest of the cryptocurrency market. At the moment, the market capitalization of cryptocurrencies has grown and is $207 billion.

SuperForex
Turkey Trying to Answer

Economic News

Turkey Trying to Answer

SuperForex
15 thg 8, 2018
The Lira Trying to Stabilize

Economic News

The Lira Trying to Stabilize

The Turkish central bank has limited lira supplies in order to help the currency.

SuperForex
15 thg 8, 2018
US Continues Pressure

Economic News

US Continues Pressure

SuperForex
14 thg 8, 2018