Military jets and helicopters seen flying low over Ankara

  • Bridges have been blocked by the Army.
  • Gunfire reported near Istanbul police headquarters
  • some hostages taken at Turkish military headquarters
  • Turkish Pres. Erdogan is safe
  • Turkish military aircraft are flying low over Ankara.
  • Turkish army say it has taken control of the country
  • Turkish PM says military revolt being thwarted.
  • Turkish presidential source says a statement made on behalf of Armed Forces was not authorized by military command
  • Chief of military staff among those taken hostage
  • Turkish presidential source says urges world to stand in solidarity with Turkish people
  • Twitter and other social media restricted.
  • Soldiers inside the buildings of Turkish state broadcaster
  • Dorian Jones a British journalist has reported: "Tanks are seen in the streets. There are reports of clashes between the police and the army," he told Sky News, adding there were also reports that police guarding the presidential palace had been disarmed.
  • EU source says military coup attempt underway in Turkey looks substantial

Below are comments from announcer on Turkish state broadcaster TRT

  • Announcer on Turkish state broadcaster says reading statement on the orders of military
  • Announcer says military have control of airports strategic points in his Istanbul
  • Announcer on TV says Constitution to be prepared as soon as possible
  • Democratic and secular rule of law has been eroded by current government
  • Country is now run by a "Peace Council" which will ensure safety of population
  • Freedom of citizens guaranteed by peace Council regardless of religion race or language
  • Martial law imposed
  • Peace Council not allow public order to be damaged

The Turkish lira has fallen on the news.

Spread are wide (about 200 pips). The value of a USDTRY or EURTRY pip is about $3.33 per standard lot.

The EURUSD has been dragged lower. There is a flight into the safety of the USD and also the JPY. The USDJPY has fallen in the last hour of trading as traders move into the relative safety of the JPY.