During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Stocks jumped on better-than-expected earnings reports
The start of the US trading session has been positive for traders of Tesla and Microsoft. The financial data of companies bit estimates.
The adjusted earnings per share of Tesla came out at $1.86 vs. $-0.15 expected. The stock of a company gapped up towards the $304.93 level but then fell immediately towards $290.1. The next support lies at $281.6. The retest of the 304.93 level will increase the chance of a breakout of this level and reaching the next resistance at $312.8.
The EPS of Microsoft reached $1.38 (versus $1.25 expected). Plus, the report showed a larger-than-expected revenue ($33.06 vs. $32.23). The price of stocks tested the $140.11 level. The next resistance will lie at $141.62. From the downside, the support levels lie at $136.55 and $134.5.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
Black Friday for the currency market: the Non-Farm Payrolls are out!
The GBP is surging, the AUD inched lower and the MXN has strengthened
The British pound has rallied versus the other major currencies on the growing expectations that Prime Minister Boris Johnson would win a majority at December 12 election.