The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
"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.
Have you seen the film “Big Short”? The investor from the film sold the largest number of Tesla shares he has ever sold: 800,100, that worth $534 million.
The US authorities filed a lawsuit against Facebook - what are the implications?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.