The Turkish Treasury’s cash balance fell from 56.39 billion to minus 333 billion in December.

    by VT Markets
    /
    Jan 8, 2026

    Selling Pressure on GBP/USD

    The GBP/USD is under selling pressure, nearing three-day lows around 1.3415. This is mainly due to the strong sentiment for the US dollar, as markets await Friday’s US nonfarm payroll data. XRP has dropped for three days, affected by high volatility in the cryptocurrency market. After hitting $2.41, investors quickly took profits. Looking ahead to 2026, while the shocks of 2025 will linger, they are not expected to repeat. Market participants should stay cautious, even with a generally positive economic forecast. In this context, Bloom Energy’s stock surged 18% after a $2.65 billion deal. Investors should do thorough research before making investment choices, as market information can be risky and uncertain.

    Gold Remains Strong Amid Market Changes

    With the US dollar maintaining its strength, keep an eye on tomorrow’s Nonfarm Payrolls report. The market expects a number around 175,000; significant deviations could cause major volatility in currency pairs. A strong report could further boost the dollar, putting more pressure on other major currencies. This pressure is evident in EUR/USD, which is testing its 55-day moving average near 1.1640. Likewise, GBP/USD is approaching the 1.3400 level, a crucial support area. In response, short-term strategies like buying puts on these pairs could protect against a stronger-than-expected US jobs report. A concerning signal today is Turkey’s treasury balance, which has plunged into a large deficit. We experienced similar, albeit milder, conditions before the steep devaluations of the Turkish Lira in 2018 and 2021. This signals extreme financial distress and raises the risk of spreading issues across emerging markets. Create your live VT Markets account and start trading now.

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