"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.
Philippines stocks decline at close of trade
On Monday, Philippines stocks edged down after the close because losses in the Services, Banking & Financials as well as Mining & Oil sectors suppressed stocks.
The PSEi Composite sagged 0.73% hitting a fresh 1-month minimum.
On the PSEi Composite the best performers included First Gen Corp, Energy Development Corp and Universal Robina Corp. They jumped respectively 4.82%, 1.83% and 0.76%.
Meanwhile, the worst performers were represented by International Container Terminal Services Inc, Petron Corp and Globe Telecom Inc. They went down respectively 3.29%, 2.60% and 2.56%.
Diving equities outperformed rallying ones on the Philippines Stock Exchange by 119 to 67, while 55 were intact.
The currency pair CNY/PHP managed to grow 0.78% showing an outcome of 7.6585. At the same time the currency pair USD/PHP edged up 0.85% being worth 50.685.
As for the US Dollar Index Futures, it tacked on 0.31% trading at 93.10.
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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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