The start of the US trading session has been positive for traders of Tesla and Microsoft.
"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. The Turkish central bank cut the interest rate slightly more than expected from 19.75% to 16.5%. USD/TRY bounced from the 100-period SMA at 5.7464 on H4 and started to fall down to the 200-period SMA at 5.6440. The next support will lie at 5.6266. If the pair reverses, it will retest the resistance at 5.7464. The next key levels will lie at 5.7626 and 5.8.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.