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Market Recap – Facebook Pay

Wednesday, November 13, 2019 10:22 AM GMT

A widely anticipated decision from the USA is due today, on whether they will impose tariffs on the European automobile industry or not. Yesterday’s remarks on the EU were limited at President Trump’s speech towards the New York Economic Club. Given the extension of these remarks, combined with the recent price action of the stocks of Vollkswagen, Daimler, and B.M.W, a new 6 month delay of any decision is expected.

Today, President Erdogan will meet President Trump at the White House. The visit was supposed to be cancelled, as the USA recently recognized the Armenian genocide. During the last three months, USA is supposed to officially opposing Turkish drillings at the Cyprus cost, USA is supposed to objecting the installation of the Russian S-400 missile system in Turkey, and USA imposed sanctions on Turkey and lifted them, over Turkeys invasion in northeast Syria.

The central bank of New Zealand left its key interest rate unchanged. The NZD strengthened as markets participants were expecting a 25bps rate cut.

Facebook launches Facebook Pay.

Macro releases & Earnings: The US inflation and the earnings of Cisco are worth noting in today’s economic calendar.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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