"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.
Saudi Arabia equities leap at close of trade
On Tuesday, Saudi Arabia stocks grew after the close because revenues in the Agriculture & Food, Hotels & Tourism as well as Real Estate Development sectors underpinned stocks.
The Tadawul All Share rallied 0.41%.
On the Tadawul All Share the winners included Dar Alarkan Real Estate Development, Saudi Public Transport Co. and Herfy Food Services Co. They gained respectively 4.60%, 3.75% and 3.69%.
On the contrary, Amana Cooperative Insurance Co, Saudi United Cooperative Insurance and Saudi Enaya Cooperative Insurance turned to be the worst performers, sliding 2.66%, 2.16% and 1.58% respectively.
Jumping stocks managed to outperform diving equities on the Saudi Arabia Stock Exchange by 108 to 71, while 6 were intact.
The currency pair EUR/SAR headed south 0.07% being worth 4.4585, USD/SAR climbed 0.01% reaching 3.7505.
As for the US Dollar Index Futures, it inched up 0.14% showing an outcome of 92.98.
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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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