
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?
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.
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?
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Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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