"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.
Wall Street is braced for flat start
On Monday, American stock index futures stood still, having reached a closing maximum in the previous trading session due to the fact that market participants awaited a fresh pack of earnings reports and sentiment was backed by positive consumer spending data.
According to a Commerce Department report, in March, domestic consumer spending ascended by the most for over 9-1/2 years, although price pressures were still muted.
Without energy and food, the core personal consumption expenditures price index was intact, sticking with 0.1% last month.
The Federal Open Market Committee is going to uncover its interest rate verdict at the end of a two-day gathering, which will start on Tuesday.
Moreover, up to 160 S&P 500 businesses, including Apple and Alphabet are expected to post their quarterly outcomes.
Experts currently expect gains of S&P 500 companies to slump by 0.3%, which appears to be an abrupt improvement from a 2% dive estimated at the beginning of April.
As trade negotiations enter their last leg, American negotiators make their way to China on Tuesday to negotiate details to conclude the protracted tariff clash between the two leading economies.
Expectations for a trade resolution as well as a dovish Fed stance has sparked a soar in shares from a dive late last year, bringing the S&P 500 index 0.04% down of its all-time maximum of 2,940.91 points reached in September.
ET, Dow e-minis rallied by 0.03%. Additionally, S&P 500 e-minis were intact, while Nasdaq 100 e-minis tumbled by 0.02%.
Among shares, Walt Disney managed to ascend by 1.5%.
Besides this, Boeing slumped by 0.9%, while Alphabet Inc ascended by 0.2%.
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Latest news
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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