CBRT Lowered Interest Rate More Than Expected… In his statement after the USDJPY parity rose to the level of 150.08, Japanese Finance Minister said that they would not tolerate speculative movements, that they would continue to monitor exchange rate movements carefully, and that they would take action against speculative, extreme and sudden movements. Deputy Minister […]

Euro Zone, UK and Canada Inflation Figures Followed… Inflation rates in the UK, which we follow today, increased above expectations. Consumer Price Index (CPI) came in at 0.5% monthly and 10.1% annually. After this increase, the Consumer Price Index reached its highest level in the last 40 years on an annual basis. Inflation in the […]

ECB Member Herodotou “Absolutely Need to Raise Interest Rates” Zew Economic Confidence for October in Germany and the Euro Zone came in above expectations in the Index announced today. The index came in at -59.2 in Germany and -59.7 in the Eurozone. The data was estimated to come in at -65.7 and -61.2, respectively. In […]

FED Manufacturing Index Shrinks in the USA… In his speech today, European Central Bank (ECB) Member Rehn said that they know that inflation is very high and that they should act accordingly by tightening their monetary policy. Another ECB Member, Nagel, said that interest rate hikes should continue after October and that inflation has upside […]

Trends in the Market Continue… In the inflation figures announced in the morning on the Chinese side, the CPI data was 0.3% monthly and 2.8% annually, while the PPI side was announced as 0.9%. While there was an increase in CPI on the annual side, there was a decrease in PPI.  European Central Bank President […]

Core Inflation Continues to Worry in the US… In the September inflation data announced in the USA, both headline and core inflation came in above expectations. Especially on the Core Inflation side, there is a strong monthly and annual increase, showing that inflation is sticky. USA – CPI (MoM) 0.4% (Previous: 0.1%) US – CPI […]

PPI Data in the USA Made Tomorrow’s CPI Even More Important! We welcomed the day with the UK’s economic growth and industrial production data. In the UK, economic growth continues to weaken on a monthly and annual basis. It was -0.3% monthly and 2% annually. We also saw negative changes in Industry and Manufacturing production […]

We Will Follow the Statements of FOMC Members… In Turkey, the current account balance for the month of August, which was announced today, gave a deficit of 3.11 billion dollars. The Current Account Balance for July had a deficit of 4.93 billion dollars. After the August data, the 12-month Current Account Deficit rose from 36.59 […]

Data on One Side, Bombs on Another… The first trading day of the new week passed with the news of the bombing of Kyiv, the capital of Ukraine, and its surroundings. In retaliation for Ukraine’s bridge explosion in Crimea, Russia bombed several points in and around Kyiv in the morning. Even though wheat futures went […]

Non-Farm Employment Increases More Than Expected in the USA… US Non-Farm Employment (TDI) increased by 263,000 in September, according to data released Friday by the US Bureau of Labor Statistics. The market expectation was that there would be an increase of 250 thousand. Unemployment Rate decreased from 3.7% to 3.5%. Average hourly earnings increased by […]