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Forex market reviews

01 August 2017

Media reviews

Tina Pham

Tina Pham

Bitcoin falls, futures for new 'bitcoin cash' leap nearly 50% as 'miners' officially split currency (news: 01/08/17)

Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine.
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Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (01/08/17)

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US stocks doing well as the dollar continues to struggle. Today we'll focus on silver, gold and GBPJPY.
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Cryptocurrencies

Gabriel Ojimadu

## ojimadu name

BTCUSD: buy on expectations, sell on facts

On Monday the 31st of July, trading on the bitcoin closed up. On the Bitfinex exchange, the BTCUSD pair restored from 2,694 USD to 2,883 USD. Overnight, the user-activated soft fork BIP 148 was activated on block 478,484. Now, another lock-in is expected on the 8th of August.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: after a surge in volatility, a slide is on the cards

On Monday, trading on the euro/dollar pair closed in the black. During Europe’s trading, the euro corrected downwards to 1.1723. The euro then surged to 1.1845 on the back of US data, which was mixed. Pending home sales grew while the Chicago PMI fell.
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31 July 2017

Media reviews

Tina Pham

Tina Pham

Will Bitcoin Cash Impact the Bitcoin Price? Traders Split on Possible Fork (news: 31/07/17)

As if a years-long debate over the network's technical roadmap wasn't dramatic enough, Tuesday could see yet another twist in bitcoin's scaling debate. That's when a group of miners and developers say they will go as far as to create an alternative network to prove bigger blocks are the best solution for increasing network capacity.
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Cryptocurrencies

Gabriel Ojimadu

## ojimadu name

BTCUSD: price forming a wedge

Cryptocurrency miners, investors and speculators are all awaiting the 1st of August. On this day, there is a high chance, due to disagreements about scaling within the community, of a user-activated hard fork occurring, which would create a new digital currency called Bitcoin Cash.
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Market sessions

Gabriel Ojimadu

## ojimadu name

EURUSD: rebound to the 45th degree

On Friday the 28th of July, the euro/dollar closed up. Buyers brought the rate back to 1.1764, taking advantage of US data and a weak US dollar. The US’s preliminary GDP reading for the second quarter of 2017 came out as expected at 2.6%. Despite the high GDP value, price components came out at low levels. The previous reading was revised downwards.
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