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23 Oct 2019

US Pres. Trump: Will remove US sanctions on Turkey

In a press briefing on Wednesday, United States (US) President Donald Trump announced that they will be removing the US sanctions on Turkey. "Sanctions will be lifted unless something happens that I'm not happy with," Trump added, per Reuters. "We welcome other countries to help in Turkey-Syria conflict."

With the initial market reaction, the USD/TRY fell to its lowest level since October 7th at 5.7280. As of writing, the pair was trading at 5.7300, erasing 1.35% on a daily basis. 

Oct 23, 2019

Gold climbs higher toward $1,500 on risk-aversion

The XAU/USD pair gained traction on Wednesday and rose toward the upper-limit of its two-week-old range near the critical $1,500 handle supported by r
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Oct 23, 2019

GBP/JPY rebounds back to 140.00, turns positive for the day

The GBP/JPY pair erased losses during the American session amid a weaker Japanese Yen across the board. An improvement in risk sentiment pushed the Ye
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