Turkey

Turkey is scheduled to report its third-quarter GDP figures on Monday. For many traders, it will be at the end of an extended weekend. The economic situation in Turkey is, shall we say, complicated. Even though the data is relatively old at…

Last month, the markets were taken completely by surprise when the CBRT raised interest rates by two percentage points. That 200 basis point increase, in comparison to other central banks, is the equivalent of four 'raises'. The…

Last week, President Charles Michel called a special meeting of the European Council, That is, a meeting of the EU country leaders. However, the summit was postponed until this week. This was due to Michel possibly being exposed to the…

Like most disputes between nations, the recent impasse between Turkey on the one hand, and Cyprus and Greece (which means the EU) on the other, is both simple and complicated. The simple explanation is natural resources, like most…

Documents Requested on Trump's Ties With Erdogan  President Trump is making headlines due to his alleged links to Turkish President Erdogan. This week, Bob Menendez, the top Democrat on the Senate Foreign Relations Committee, wrote a…

Traditionally, at this point in the economic cycle, emerging markets should be an appetizing currency play. As risk appetite returns to markets, we would expect emerging market currencies to strengthen as capital starts searching for…