"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
American equities struggle for direction
On Wednesday, American futures struggled for direction amid seasonally low trading volume.
Stocks of Boeing Co. found themselves among the early bright spots, soaring after an announced deal with Royal Air Maroc.
Futures for the Dow Jones Industrial Average YMH8 went down 0.1% being worth 24,785, with Wednesday’s sag marking the equity benchmarks first three-session dip since a four-day decline ended on September 26.
The S&P 500 index ESH8 managed to gain 1.65 points hitting 2,68.75. Meanwhile, futures for the Nasdaq-100 index NQH8 tacked on less than 0.1% demonstrating an outcome of 6,461.
On Tuesday, American equities concluded a bit lower because a sag in Apple Inc.AAPL, -2.54% more than compensated postholiday revenues in the retail sector as well as a soar in crude-oil futures, which took the commodity to a 2 ½-year maximum.
On Tuesday, the Dow average DJIA concluded 0.03% lower, while the S&P 500 index SPX headed south 0.1%. As for the Nasdaq Composite Index COMP, it lost 0.3%.
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Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
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