Hoping to blast Turkish Cypriot leader Mustafa Akinci out of the leadership race Turkey Foreign Minister Mevlut Cavusoglu chose the nuclear option when branding him “untrustworthy” and a “supporter of terrorism”. Highlighting
By Hussein Sayed, Chief Market Strategist at FXTM Brent crude set a new 13-month low on Monday of around $53.11 on news that potentially deeper OPEC+ cuts may not occur soon. The
Cyprus is treating a suspected case of coronavirus after a passenger travelling from China through Moscow displayed symptoms of the disease after arriving at Larnaca airport, health authorities said Monday. Officials said
By Hussein Sayed, Chief Market Strategist at FXTM Last week, we learned that investors were still brave enough to continue with a ‘buy-the-dips’ mentality in equity markets. All three major US indices
By Josep Borrell The geopolitical upheavals we are witnessing today underline the urgency with which the European Union must find its way in a world increasingly characterised by raw power politics. We
By Han Tan, Market Analyst at FXTM Asian stocks were mostly lower on Friday, apparently taking a breather from the 3.7% climb over the past three days and unable to keep pace
The eurozone’s bailout fund agreed on Thursday to Cyprus repaying €6.3 bln of costly crisis loans from the International Monetary Fund, so it can replace them with cheaper loans from the market.
By Hussein Sayed, Chief Market Strategist at FXTM The panic seems to be over. US stocks are back to record highs, Treasury yields have risen, Gold has sold off and equities across
By Ivanka Pittelkau Coronavirus fears hit the markets hards causing sharp declines in equity markets, plunging stock prices and even affecting the Fed. On the other hand, investors have been flocking towards
In a show of strength French aircraft carrier, ‘Charles de Gaulle’ sailed through block 8 of Cyprus’ exclusive economic zone (EEZ) close to where the Turkish drillship Yavuz is illegally operating. The
