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Forex market reviews

18 July 2018

Media reviews

Tina Pham

Stocks - Wall Street Flat as Trade Tensions Creep In (news: 18/07/18)

Investing.com – Wall Street opened flat on Wednesday, as investors digested a flurry of earnings results and trade tensions resurfaced.
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Cryptocurrencies

Gabriel Ojimadu

Is bitcoin making a crypto comeback?

The cryptocurrency market was graced this week with a bit of good news - bitcoin has grown by 18% in the last two days, to 7,450 USD. Trading volumes have increased and the presence of large buyers on the market is also evident, despite the lack of any significant news on bitcoin recently.
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Commodities

Tina Pham

Oil could drop below 70 USD per barrel

Today, the cost of a barrel of Brent oil has dropped to 71.31 USD, which was last seen in April this year. The driver behind this decline was yesterday’s API weekly crude oil stock report, according to which US oil reserves have increased by 629k barrels.
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Market sessions

Tomasz Wisniewski

Daily analytical report (18/07/18)

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GBP has slid further following fresh CPI data from the UK, the AUDJPY pair created two shooting stars on the daily chart, and the USDCAD pair created an inverse head and shoulders formation on the long-term upwards trend line.
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Cryptocurrencies

Veselin Petkov

Bitcoin forecast (18/07/18)

Bitcoin has risen by more than 10% in the last 24 hours. BTCUSD was trading at around 6,700 USD yesterday morning, while today the pair is trading at around 7,400 USD. The cryptocurrency’s growth yesterday came as quite a surprise; hardly anyone had been expecting such a sharp intraday jump.
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Market sessions

Veselin Petkov

Forex market review (18/07/18)

Yesterday evening, the US dollar got a boost from Fed Chair Jerome Powell’s speech, causing it to rise. The Fed Chair, citing solid economic growth and improving employment situation, made the case for continuing with the process of tightening monetary policy.
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17 July 2018

Media reviews

Tina Pham

Wall Street pares losses after Powell's testimony (news: 17/07/18)

(Reuters) - U.S. stock indexes pared some losses on Tuesday after Federal Reserve Chairman Jerome Powell said in a Congressional testimony there were "several years" of strong jobs and low inflation still ahead for the U.S. economy.
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Market sessions

Tina Pham

British data sinks the pound

The British pound has been highly volatile today. The GBPUSD pair dropped from 1.323 to 1.314. The reason for this drop was the publication of British employment data. The claimant count in June significantly exceeded market expectations (2.3k) to reach 7.8k. While the number of employed increased over the course of the month, it fell short of expectations. The market had expected the number of employed to increase by 150k while only managing 137k.
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Market sessions

Tomasz Wisniewski

Daily analytical report (17/07/18)

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Today we've three interesting occasions with one pattern – inverse head and shoulders. We'll be looking at this pattern on gold, the Cable, and NZDUSD.
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Commodities

Veselin Petkov

Brent oil price analysis (17/07/18)

Brent oil is currently trading at 71.88 USD a barrel. This marks a correction of around 10% on black gold over the last week.
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Market sessions

Tina Pham

Thwarted hope: the market continues to take stock of the Helsinki summit

The Helsinki summit featuring the presidents of Russia and the United States has failed to bring the financial world any concrete results.
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Cryptocurrencies

Veselin Petkov

Lightning Network capacity tops 500,000 USD

For the first time since its launch, the Lightning Network’s (LN) capacity has surpassed 500,000 USD. According to lnmainnet.gaben.win, the network’s total capacity at the time of writing stands at 509,824 USD.
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Market sessions

Veselin Petkov

Forex market review (17/07/18)

This morning, the 17th of July, the EURUSD pair is trading at 1.1714 as we await the opening of the European session, which puts the euro slightly up (about 20 pips) over the last 24 hours. I don’t think that this growth over the last 24 hours is part of any kind of purposeful movement, but is rather just a pullback.
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Alexander Razuvaev
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