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Wall Street closes slightly lower on N. Korea worries Eren Sengezer

Major equity indexes in the U.S. failed to close the week on a positive note as the resurfacing geopolitical tension between North Korea and the United States hurt the market sentiment and the tech-giant Apple resumed its sharp slide. In response to the US President Donald Trump's threats at his UN speech, North Korea said it might test a hydrogen bomb over the Pacific Ocean. Commenting on this de...

23:46 22 September /2017 Forex

Bitcoin on track for third straight negative weekly close below $4000

Bitcoin prices dropped below a few dollars below the $3500 mark on Friday to renew its weekly low as the digital currency continues to suffer from negative comments. As of writing, the BTC/USD pair is trading at $3570, down nearly 1% on the day, and losing around $100 on the week.On Friday, Jamie Dimon, the CEO of JPMorgan Chase Bank, "right now these crypto things are kind of a novelty. People th...

22:46 22 September /2017 Forex

Eurozone: German elections, Ifo, money supply and inflation - Danske Bank

According to analysts from Danske Bank, the primary event in the coming days in the Eurozone will be the German federal election on Sunday. They expect good news for the European Central Bank in the form of higher inflation and money supply growth. Key Quotes: “In the euro area, the primary event of interest is the German federal election on ...

22:23 22 September /2017 Forex

WTI settles above $50, records highest weekly close since May Eren Sengezer

Crude oil prices are preserving their recent gains on Friday with the barrel of West Texas Intermediate looking to close the week above the critical $50 mark for the first time since mid-May. As of writing, the barrel of WTI was trading at $50.66, up around 25 cents on the week.Oil prices continue to be support...

22:23 22 September /2017 Forex

GBP: A Florentine Renaissance - ING Eren Sengezer

"Theresa May’s speech in Florence has signalled a shift in the UK’s position towards an ‘economically rationale’ Brexit – one that seeks to reduce some of the medium-term economic uncertainty clouding sterling markets," notes Viraj Patel, Foreign Exchange Strategist at ING Bank.Key quotes:"While prospects of a two-year transitional period pose upside risks to our year-end GBP/USD ...

22:23 22 September /2017 Forex

Bank of Japan chooses to swim against the tightening tide - Wells Fargo Matías Salord

Analysts from Wells Fargo, believe that the Bank of Japan will remain committed to its accommodative monetary policy measures for now even as the Federal Reserve, European Central Bank21:46 22 September /2017 Forex

Fed's Kaplan "Open-minded" on one more rate increase this year in December Eren Sengezer

Dallas Fed President Robert Kaplan was out on the wires in the last hours, with key quotes, via Reuters, found below:

21:46 22 September /2017 Forex

USD/CAD consolidates strong weekly gains as CAD losses momentum Matías Salord

After being among the strongest currencies for some time, the Canadian dollar is about to end the week with losses across the board. On Friday dropped further after the release of Canadian economic data. On Friday, inflation figures showed headline consumer prices tracked by the CPI rising in August 0.1% (against 0.2% expected) and at an annualized rate of 1.4% (1.5%). The inflation index used by ...

21:23 22 September /2017 Forex

When is the German election and how could it affect EUR/USD? Eren Sengezer

On Sunday, Germans are going to be heading to the polls for a federal election, at which Angela Merkel is going to have a chance to secure her position as chancellor for the fourth election in a row. Voting is going to end at 6:00 p.m. local time (4:00 p.m. GMT) and first projections are expected to come in in t...

20:23 22 September /2017 Forex

UK next week: Confidence data and fourth round of Brexit negotiations - Danske Bank

Analysts from Danske Bank point out that next week will be quiet in terms of economic data in the UK while the fourth round of negotiations will start on Monday. Key Quotes: “In the UK, it is a quiet week in terms of economic data releases. The two most interesting releases are GfK consumer confidence and Lloyds Business Barometer for September in the night between Thursday and Fr...

19:46 22 September /2017 Forex

Does May’s speech put Brexit back on track? - ING

"PM May's speech was conciliatory yet thin on details and is likely to receive a lukewarm response from the EU," notes James Knightley, Chief International Economist at ING.Key quotes:"Lack of fresh detail unlikely to get talks fully back on track: Brexit discussions had seemingly headed into a cul-de-sac with both London and Brussels expressing frustration and ac...

19:23 22 September /2017 Forex

EU's Barnier: May's speech shows a willingness to move forward

"The speech shows a willingness to move forward, as time is of the essence. We need to reach an agreement by autumn 2018 on the conditions of the United Kingdom's orderly withdrawal from the European Union," the EU’s chief Brexit negotiator Michel Barnier said on Thursday in a statement released by the European Commission after UK PM May's Brexit speech.Key quotes:

19:23 22 September /2017 Forex

EUR/USD drops below 1.1960 still marginally higher for the week Matías Salord

EUR/USD broke to the downside after trading in a range between 1.1960 and 1.1980 for hours. The pair dropped to 1.1951, the lowest since the Asian session. Short-term momentum favors the downside but price action remains limited. The euro is up just 10 pips for the week versus the US dollar. It peaked on Wednesday above 1.2020 but after the 19:23 22 September /2017 Forex

AUD/USD loses momentum ahead of 0.80, starts consolidating daily gains

After losing nearly 100 pips and refreshing its 3-week low on Thursday, the AUD/USD pair was able to stage a modest recovery on Friday but failed to extend its gains above the critical 0.80 mark. As of writing, the pair was trading at 0.7972, gaining 0.5% on the day.Although the greenback struggled to sustain its FOMC-led st...

19:00 22 September /2017 Forex

NY Fed's GDP Nowcast rose to 1.6% for Q3 of 2017

"The New York Fed Staff Nowcast stands at 1.6% for 2017:Q3 and 2.0% for 2017:Q4," the Federal Reserve Bank of New York announced on Friday.Key quotes: 

18:23 22 September /2017 Forex

EUR/GBP eases off daily tops after May's Brexit speech Eren Sengezer

The EUR/GBP pair started to erase its daily gains following an initial spike to a fresh daily high at 0.8875 during UK PM Theresa May's Brexit speech in Florence. As of writing, the pair is trading at 0.8840, up 0.6% on the day.Theresa May said that they were able to make concrete progress on many important issues since th...

18:23 22 September /2017 Forex

GBP/USD recovers and moves off lows after May speech Matías Salord

The pound dropped across the board during PM May speech from Italy but during the last hour, it recovered part of the losses. GBP/USD bottomed at 1.3485 and then rose back to levels near 1.3570. At the moment is trading at 1.3520/30, down 45 pips for the day, still within the range of the last five trading days. Theresa May offered no specific details about the Bre...

18:23 22 September /2017 Forex

US Dollar upside lost momentum near 91.80

The US Dollar Index (DXY), which gauges the buck against a basket of its major competitors, has managed to trim some losses and is now hovering over the 91.70/80 band.US Dollar lower on US yields, dataThe index is on its way to close the week on the negative territory, reverting the previous advance...

17:46 22 September /2017 Forex

Fed's George: Weak inflation reading not related to weak economy Eren Sengezer

Kansas City Fed President Esther George is out on the wires, with key quotes, via Reuters, found below:

17:00 22 September /2017 Forex

UK PM May: Will be leaving single market, customs union Eren Sengezer

UK PM Theresa May is delivering her Brexit Speech in Florence, with key quotes found below:

17:00 22 September /2017 Forex