Analysts at TD Securities note that overnight, US Federal prosecutors filed criminal charges against Turkey’s state-run Halkbank for allegedly evading US sanctions on Iran. Key Quotes “As an initial reaction, Borsa Istanbul temporarily prohibited short-selling of seven banks. Later in the day, the Turkish regulator reportedly advised some state banks against offering lira liquidity in the off-shore money-market.” “Given the long shadow cast by a market liquidity squeeze in March of this year, USDTRY has moved lower. Forwards moved temporary higher (ON unchanged, 1w+180bps, 1m+180bps higher) but have retraced slightly.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum technical analysis: ETH/USD downtrend targets $150 FX Street 4 years Analysts at TD Securities note that overnight, US Federal prosecutors filed criminal charges against Turkey's state-run Halkbank for allegedly evading US sanctions on Iran. Key Quotes "As an initial reaction, Borsa Istanbul temporarily prohibited short-selling of seven banks. Later in the day, the Turkish regulator reportedly advised some state banks against offering lira liquidity in the off-shore money-market." "Given the long shadow cast by a market liquidity squeeze in March of this year, USDTRY has moved lower. Forwards moved temporary higher (ON unchanged, 1w+180bps, 1m+180bps higher) but have retraced slightly." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
