Thu, 29 Jun 2023 13:09:08 GMT Source: Dukascopy Bank SA The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly
Fundamental Analysis
Thu, 29 Jun 2023 11:20:56 GMT Source: Dukascopy Bank SA It was previously reported that the Turkish Lira reached a record low of 20.0750 on May 29. Since the publication of the report, the USD/TRY surge has gained additional 6.10 or 30.56%.Prior fundamental reasoning for the already occurred surge can be read below. The drop
Mon, 29 May 2023 11:13:27 GMT Source: Dukascopy Bank SA The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country’s President. Erdogan has extended his rule in Turkey
Fri, 26 May 2023 12:42:12 GMT Source: Dukascopy Bank SA The US Bureau of Economic Analysis has just published its monthly Core PCE Price Index. The index was expected to reveal personal consumption expenditures to have increased by 0.3%. The actual increase has been revealed to be 0.4%. The data was already expected to confirm
Thu, 25 May 2023 12:35:18 GMT Source: Dukascopy Bank SA The United States Bureau of Economic Analysis has published the US quarterly Preliminary GDP data. GDP was expected to have increased by 1.1%. The actual number has been revealed to be 1.3%. The news strengthened the USD. In the current macroeconomic environment positive GDP data