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On July 15th the coup happenedin Turkey shocked the world following the gold price and Japanese Yen surge forthe appetite of investor’s anti-risk. But the coup was terminated very soon bythe authorities and the rebel soldiers relative to this activity was detainedby the enforcement.
The following week gold price trade flat and actually decline a little bit compared with previous trade session,the same as Japanese Yen. For the violation market, the safe haven for theinvestment were dominated absolutely by gold, Japanese Yen and Swiss Francewhich both countries are net credit in the international market. And the safehaven asset’s surging is commonly supported by the violation which happened allaround world such as terrorist attack in the Nice of France, coup in the Turkeyand so on. But when people relieve from the overacting under stressed issue,the climbing of safe haven would be halted. Although some uncertainty and toughenvironment would challenge the Euro Union, they would figure effective way toovercome that under multiple corporation.
Compared with the lucrative performance ofgold, the stock market seemed be isolated with this Turkey’s violation whichwas supposed to impact on the market. The monthly job report released by theFederal Reserve of US was strong back to market of the world. The upbeat datashowed that America economy was good and healthy after wake of UK referendumvoting to leave EU. Dows index, Nasdaq, S&P 500 presented the excellentresults and sitting high since referendum voting. The investor loosed theirappetite for gold, Japanese Yen and turned around for stock market indicatingthe bloom future. Gold purchasing heating cool and Yen even worse following theJP government would adopt new round stimulus measurement to boost economy.
The crude oil was almost flat last weekafter the job report announced by Fed. The Dows industry index is refection forindustry future, the oil price was supposed to be high for good job data. Actually the dominated factor to conquer oilprice is from balance between supply and demand. The crude oil market is stillbe covered by the shadow of glut in the global market. Actually coup attempt inTurkey was followed by Istanbul’s Bosphorus Strait shut down a couple of hourswhich handle about 3 percent of global shipments and this checkpoint reopenedon Sunday finally made the oil market peaceful reaction to this issue.
In summary the wave of Turkey’s coup is notso serious thanks to be terminated very soon. The post job by the Turkeygovernment after cracking down the plot still went on, the Turkey lira againstdollar rallied again after sharp tanking when coup emerging.
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