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13 Aug 2018

Turkey: Opposition CHP says the TRY collapse is due to weak economy

Earlier in the day, Turkish President Erdoğan reiterated his view that the TRY meltdown was caused by the U.S. intent to wage an economic war against Turkey with an aim to force Turkey to surrender in all areas from finance to politics.

On the other hand, a spokesman for the main opposition party, CHP, stated that the lira's collapse was due to a weak economy and added that the country needed to "stand shoulder to shoulder" and remain strong.

Aug 13, 2018

Gold breaks below $1200 mark, lowest since March 2017

   •  The ongoing USD bullish run keeps exerting downward pressure on Monday.    •  Technical selling below one-week-old trading range adds to the se
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Aug 13, 2018

US Turkish Embassy Official: Have not put out statement regarding pastor Brunson

According to Reuters, an official for the U.S. embassy in Ankara, Turkey, said that they have not put out a statement regarding the release of America
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