"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 stock futures stand still
On Tuesday, American stock index futures were quite muted, just a day after the S&P 500 as well as Nasdaq set intraday peaks, with traders going through the latest pack of earnings and also dismal data from China.
On Monday, the S&P 500 topped its intraday maximum of 2,940.91 reached on September 21, soaring to a session peak of 2,949.52. For the year, the benchmark index has rallied by 17.4%.
Expectations for a resolution to the US-China trade conflict, positive earnings along with a dovish Federal Reserve have driven the leap in shares in 2019, from an abrupt sell-off in late 2018.
Market participants will also pay much attention to another rounds of US-China trade talks. American Treasury Secretary Steven Mnuchin told that he hopes to make decent progress with Chinese negotiators.
Additionally, American futures as well as global stocks were under pressure after official and also private business polls suggested slower Chinese factory surge this month, thus confounding expectations for a steady outcome or even faster expansion.
ET, Dow e-minis jumped by 0.06%. Additionally, S&P 500 e-minis slumped by 0.01%, while Nasdaq 100 e-minis decreased by 0.1%.
Moreover, with earnings in full swing, experts expect gains at S&P 500 businesses to dive by 0.2% in the first quarter, which appears to be a steep improvement from a 2% decrease estimated at the beginning of April.
Among the high-growth FAANG shares, Alphabet headed south by 7.8% in pre-market trading right after the company reported its slowest gain leap for three years.
Apple Inc stocks went down 0.6%, ahead of outcomes later in the day.
Besides this, General Electric headed north by 6.6%.
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Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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