New warning from İslam Memiş to those who will buy gold and foreign currency: You only have 2 days left


Lerato Khumalo

Gold and money markets expert İslam Memiş made evaluations about gold and the stock market during the ‘holiday holiday’ in his column on TV 100.

Underlining that what he said is not investment advice, Memiş’s predictions are as follows:

“This week, domestic markets are closed until Thursday due to the Eid al-Adha holiday in Turkey. There will be no important economic data that will affect the markets in global markets. The week will start with data on housing prices, industrial production, retail sales and unemployment rate in China.

– The interest rate decision of the Reserve Bank of Australia on Tuesday will attract attention with Germany’s ZEW economic sentiment and core retail sales, red book and industrial production data from the USA.

– CPI-PPI data in the UK and current account balance data in the Eurozone will be monitored on Wednesday.

– China’s loan interest rate decision, PPI from Germany, consumer confidence index and budget balance data from Turkey, interest rate decision of the Bank of England and weekly unemployment benefit applications from the USA will be important on Thursday.