Market Update

Official data showed on Tuesday that Turkey’s foreign trade deficit rose 137 percent year-on-year to $109.54 billion in 2022, according to the general trade system. The deficit increased in December by 42 percent from the previous year. According to data from the Turkish Statistical Institute, exports rose in 2022 by …

Over the past year, the Bank of England (BoE) has increased its interest rate from almost zero to 3.5%, adopting a more aggressive escalation policy during the second semester as the inflation rate soared to double digits for the first time in nearly fifty years. The Fed signalled a slowdown …

The dollar rose on Tuesday, ahead of an expected series of central bank decisions, but remained on track for its fourth straight monthly loss. The Federal Reserve is set to set interest rates on Wednesday and this will be followed by interest rates from the European Central Bank and the …

European stocks fell on Tuesday, dragged down by healthcare stocks, as investors refrained from aggressive bets and expected another round of interest rate hikes by major central banks this week. The pan-European Stoxx 600 index fell 0.2% by 0816 GMT, but was on track to end January on a positive …

Gold prices fell on Tuesday, but are on track for a third consecutive month of gains, as traders await the Federal Reserve’s interest rate decision this week. Spot gold fell 0.3 percent to $1,917.56 an ounce by 0547 GMT, but it is on track for a monthly gain of more …

The Japanese Nikkei index closed lower on Tuesday, as investors awaited the results of the Federal Reserve’s monetary policy meeting, and in light of corporate business results that showed mixed trends. The Nikkei fell 0.39 percent, ending trading at 27,327.11 points, after starting the session on a high. The index …

Bitcoin received a breakout and rejection against $23,878.62 and later, retreated on Monday as the rally came under pressure by profit-taking. The most famous cryptocurrency is trading at $ 22747.00 at the time of writing. Some analysts do expect bitcoin to drop near $21,969 by the end of this week …

Bitcoin price lost over 2% during Monday’s European trading on the back of stronger Spanish inflation amid a seemingly volatile week that kicks off with surprise Spanish inflation data. Markets predicted a drop from 5.7% to 4.97%. Instead, inflation jumped to 5.8%. The said reading confirms what central bankers have …

The AUD/USD pair has encountered intermediate support around 0.7050, however, more downside seems potential as well amid ongoing risk aversion on the eve of the first day of the Fed’s first policy meeting in 2023. Investors have turned risk-averse ahead of the release of the interest rate policy by the …

Amazon announced on Monday plans to shut down a center complex in Shakopee and lay off 680 employees at the facility which is a rented space and the lease is expiring. The decision will be effective as of March 31. Closure will be permanent at the end of May this …