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Bitcoin eases off monthly highs, still up $700 on the week

After the Bitcoin development community avoided a potential crisis by accepting the SegWit2x upgrade, which is supposed to increase the digital currency network’s transaction capacity, before the July 31 deadline, the BTC gained nearly $700 on Thursday, pushing the BTC/USD pair close to its record high of $2,999 that was set on June 11. “We’re going to see greater utility of the network. Now peopl...

23:46 21 July /2017 Forex

Fitch affirms Turkey at 'BB+'; outlook stable - Reuters

Fitch Ratings affirmed Turkey's credit note at BB+ and said that the outlook was stable.Key highlights (via Reuters)

23:46 21 July /2017 Forex

Wall Street ends the week on a negative note Eren Sengezer

Major equity indexes eased lower in the last session of the week as falling crude oil prices weighed on energy shares. Furthermore, the political developments in the U.S. hurt the market sentiment, pushing the investors towards safer assets like the yen, gold and U.S. Treasuries rather than stocks.Both the S&P 500 and NYSE Energy Sector indexes lost more than 1% as crude oil's rally came to an...

23:46 21 July /2017 Forex

EZ PMI: No major change expected - Wells Fargo

On Monday, the key report will be Eurozone PMI. According to analysts from Wells Fargo, the index is expected to show no major change, so they warn that any change could be market moving. Key Quotes: “ECB President Draghi made reference this week to the “robust recovery” going on in the Eurozone. For financial markets that were expecting dovish undertones out the ECB, the more neu...

22:46 21 July /2017 Forex

GBP/CHF: the worst of the week, down more than 350 pips

A stronger Swiss franc, that near the end of the week keeps reaching new highs, pushed GBP/CHF further to the downside on Friday. The pair was already deep in negative territory for the week. The pound lost 2.8% during the week against the Swiss, the worst week since September 2016. Between the ECB and BoE The Swiss franc extended gains after the...

22:23 21 July /2017 Forex

Oil ministers of OPEC and non-OPEC producers to meet in Russia tomorrow - Reuters Eren Sengezer

Kuwait's oil minister on Friday said that oil ministers of OPEC and non-OPEC producers are set to meet in Saint Petersburg in Russia tomorrow to assess conformity with a recent output cut resolution, as reported by Reuters.Key takeaways:

22:23 21 July /2017 Forex

WTI settles below $46 ahead of OPEC, non-OPEC meeting Eren Sengezer

Crude oil prices spent the last day of the week under pressure, pushing the barrel of West Texas Intermediate to a fresh weekly low below the $46 handle. As of writing, the barrel of WTI is trading at $45.60, losing $1.3, or 2.75%, on the day.On the back of the weakening greenback and decreasing 22:23 21 July /2017 Forex

US 2Q GDP preview: Stronger than Q1 - Wells Fargo

Analysts from Wells Fargo, expect a 2.2% Q2 GDP growth. The report will be released next Friday. It will be the first reading. Key Quotes: “Our call for Q2 GDP growth is 2.2 percent, as our expectations remain more muted than the consensus forecast. We continue to expect a stronger print than the first quarter, particularly for the personal consumption component, which we expect w...

21:46 21 July /2017 Forex

US: Sarah Sanders to be appointed as new White House press secretary Eren Sengezer

During today's press conference, U.S. President Donald Trump's new communication director Anthony Scaramucci announced that Sarah Sanders would be appointed as the new press secretary. Before the press conference, Trump in a statement said that he was grateful for Spicer's work and praised his television ratings.

21:46 21 July /2017 Forex

EUR/USD continues to rise, hits fresh highs near 1.1700 Matías Salord

EUR/USD reached fresh highs during the American session. The pair rebounded from 1.1630 and slowly climbed to 1.1682, setting a new 2017 high. It remains near the top, consolidating important weekly gains and headed toward the highest daily close since January 2015. A weak US dollar is the main driver of today’s EUR/USD upside move. The greenback is again suffer...

21:23 21 July /2017 Forex

USD/CHF headed for first weekly close below 0.95 since Aug. 2015

The USD/CHF pair recently refreshed its lowest level in more than 14 months at 0.9455 as the greenback selling interest remains unabated in the last session of the week. At the moment, the pair is trading at 0.9458, losing 0.6% on the day.The never ending political drama in the United States doesn't allow the greenback to ...

20:23 21 July /2017 Forex

S&P: Rating on Greece is B-; sovereign credit outlook revised to positive from stable

Standard & Poor's recently published its ratings for Greece; with the key quotes, via Reuters, found below:

19:46 21 July /2017 Forex

USD/CAD printed fresh 1-year low despite risk aversion and crude oil price

The Canadian dollar is among the top performers on Friday. The loonie remains strong, unaffected by mixed data from Canada and neither by a decline in crude oil price. CAD Unstoppable USD/CAD broke below 1.2539 (Jul 20 low) and fell to 1.2520, hitting a fresh 1-year low. The pair moved closer to the 2016 low (1.2460). At the moment, it trades at ...

19:23 21 July /2017 Forex

NY Fed: GDP Nowcast stands at 2.0% for 2017:Q2 and 2.0% for 2017:Q3 Eren Sengezer

"The New York Fed Staff Nowcast stands at 2.0% for 2017:Q2 and 2.0% for 2017:Q3," the Federal Reserve Bank of New York said on Friday.Key quotes:

19:23 21 July /2017 Forex

Sean Spicer resigns as White House Press Secretary - NYT Eren Sengezer

"Sean Spicer, the White House press secretary, resigned on Friday morning, telling President Trump he vehemently disagreed with the appointment of the New York financier Anthony Scaramucci as communications director," New York Times said.Key quotes:

19:23 21 July /2017 Forex

GBP/USD fails to hold daily gains, eases below 1.30 mark to turn flat on day

The GBP/USD pair, which touched its daily peak at 1.3020 during the European session, lost its traction to ease below the 1.30 handle in the NA session. As of writing, the pair is trading at 1.2970, a few pips below yesterday's closing level.Although the US Dollar Index plummeted to its lowest level in 13 months below the ...

19:00 21 July /2017 Forex

US Dollar extends losses, hits new 13-month low below 94 Eren Sengezer

The selling pressure surrounding the greenback remains uninterrupted on Friday, pushing the US Dollar Index, which tracks the greenback against a basket of six trade-weighted peers, to its lowest level since late-June 2016 at 93.77. At the moment, the index is at 93.85, losing 0.25% on the day.On the back of heigh...

18:46 21 July /2017 Forex

USD/JPY drops below 100-DMA, approaches 111 handle Eren Sengezer

The USD/JPY pair came under a renewed selling pressure in the first trading hours of the American session and fell below the critical 100-DMA to refresh its lowest level since June 26 at 111.20. As of writing, the pair is trading at 111.26, losing 0.58% on the day.Unabated USD weakness coupled with a low risk-appetite cont...

17:46 21 July /2017 Forex

Moscow lawyer who met Trump Jr. had Russian spy agency as client - Reuters Eren Sengezer

According to an exclusive Reuters story, "the Russian lawyer, Natalia Veselnitskaya, who met Donald Trump Jr. after his father won the Republican nomination for the 2016 U.S. presidential election counted Russia's FSB security service among her clients for years, Russian court documents seen by Reuters show."Key takeaways:

17:46 21 July /2017 Forex

WTI sinks to lows near $46.00 ahead of US oil rig count Pablo Piovano

Crude oil prices are extending the weekly correction lower, with the barrel of West Texas Intermediate hovering over the vicinity of the $46.00 mark ahead of US data.WTI vigilant on data, OPEC meetingPrices for the black gold are down for the second session in a row after clinching monthly highs on Thursday above $...

17:23 21 July /2017 Forex