Chart Above News Today

Sterling appears to be on the back foot at the start of the week following an impressive rally of late. Will Governor Bailey and UK Employment data keep Sterling supported?

President Erdogan seems to have come to terms with the idea of policy normalization. Can USD/TRY fall back toward the 20.0000 handle on potential hawkish forward guidance?

I commend all our colleagues at the ATF who have worked tirelessly ... to get this important rule finalized, & .... respect the rights of law-abiding Americans.

By Tom LUONGO Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice…

Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the economy of a valuable member of NATO geostrategically.  Since the first shots across the bow by the Trump administration at Erdogan’s toying with those powers east of the Bosporus (Russia, China and Iran) the Turkish lir...