$BTC 🔴 Here are the most important developments:
• The Japanese yen benefits from the chaos of the US presidential elections after Biden withdrew from the race.
• The yen rose strongly against most currencies and may continue for more.
• Tesla stock is heading to deepen its losses to about 8%, after issuing disappointing earnings results.
• Today, the financial markets are awaiting the release of purchasing managers’ index data for both the industrial and services sectors in the United States at 4:45 Saudi time.
👈 The Canadian interest rate decision will also be issued at the same time, and it is expected to be reduced by a quarter of a point to 4.25%.
👈 We expect the calm of the markets to be broken today and strong movements will begin with the opening of the American markets.
