It’s notable, but it’s not a big number Bloomberg reports that senior Barclays credit trader Tolga Kirbay was caught on the wrong side of a bet on Turkish bonds over the past few days and lost about $19 million.
Lira keeps battling back Qatar pledged $15 billion in direct investment into Turkey in a confidence-raising measure that also plays on the delicate balance of power in the region.
Major economic data coming up on the agenda A trio of US economic data points are due at the bottom of the hour. Leading the way is the July advance retail sales report.
The gold rush is over If you were to ask people where they want to live, the list is likely to look something like this: – Safe – Peaceful – Prosperous – Clean land, air and water New Zealand ticks those boxes almost better than anywhere in the world but the gold rush might be over because New…
European stocks lower, Nasdaq futures down 0.9% ForexLive That snapshot is a far cry from how we today, no? The fall across the board in equities is continuing to support the yen ahead of US trading. The tech-heavy Nasdaq continues to extend declines and futures are now down 0.9% ahead of the cash equity market…
Weekly EIA oil inventory data The API numbers yesterday: ForexLive
Weekly oil inventory data to come WTI crude oil is down $1.31 to $65.71. It just touched off the lowest since June 22. Oil is below the August low ahead of weekly inventories.
CPI for July is out in the UK on Wednesday Due at 0830 GMT Preview (this via Nomura): Consumer prices: UK Producer prices: ForexLive
An earlier preview is here: – due at 0130GMT – expected +0.6% q/q, prior +0.5% – expected +2.1% y/y, prior +2.1% And, before the wages data we get: – prior +3.9% m/m to 106.1 Preview via NAB:
Real Estate Institute of New Zealand (REINZ) monthly report, Not usually an immediate forex mover but if you are following along …. – Home sales +0.7 % y/y