Erdogan tells Turks to buy free-falling lira as Trump doubles metals tariffs (news: 10/08/18)

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Alpari Market Review
Alpari Market Review
Today’s press

Erdogan tells Turks to buy free-falling lira as Trump doubles metals tariffs

ISTANBUL/ANKARA (Reuters) – President Tayyip Erdogan told Turks on Friday to exchange their gold and dollars into lira, with the country’s currency in free fall after President Donald Trump turned the screws on Ankara by doubling tariffs on metals imports.

U.S. Inflation Missed Expectations in July

Investing.com – U.S. inflation unexpectedly held steady in July, relieving the pressure on the Federal Reserve to speed up its normalization of monetary policy.

Today’s Close Could be Pivotal for Bitcoin’s Price

Bitcoin‘s (BTC) close today will likely decide the short-term trend in prices.

Rouble, caught in ‘perfect storm’, sinks to lowest since mid-2016

MOSCOW (Reuters) – The Russian rouble sank to its lowest level since early June 2016 on Friday, battered by concerns over the impact of new U.S. sanctions, falling oil prices and a broadly stronger dollar.

Next trading day’s important events

n/a (GMT+3)  CN – FDI – Foreign Direct Investment (YTD) (YoY) (Jul)

Forex quotes:

USDJPY: 110.52

EURUSD: 1.1417

Indices:

S&P 500: 2837.88

NASDAQ: 7854.73

 

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