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Wall Street rebounds, renews all-time highs on the back of tech gains

Following a daily close with modest losses on Thursday, led by the technology sector, major equity indexes in the U.S. rebounded on Friday and hit intraday all-time highs. Technology giants such as Apple, Microsoft, Netflix, and Facebook recorded robust gains on the last day of the week, lifting the S&P Information Technology Index (SPLRCT) 0.6%

North Korea renews guam threat ahead of joint naval exercise – NY Times

“On Friday, a researcher at the Institute for American Studies at the North Korean Foreign Ministry warned that the joint exercise, as well as a flight by two American B-1B bombers over South Korea on Tuesday, compelled the North to take military counteraction,” The NY Times reported on Friday. “Vessels from the United States Navy

EUR/USD drops on Friday despite US data, ends week higher

The euro was unable to hold to gains on Friday against the US dollar and dropped during the American session despite US data. Near the end of the week, EUR/USD was up 80 pips from the level it had seven days ago, steady above 1.1800. US data weakens USD but not enough  Friday’s data showed

GBP – messy moves – Rabobank

“A week ago it was far from clear whether PM May would hold on to her job beyond the weekend. The tensions surrounding May have died back for now, allowing GBP to recoup the losses suffered at the end of last week. However, as illustrated by the pound’s reaction to Brexit related news yesterday, the pound

Bitcoin loses momentum ahead of $6000, up more than $1000 on the week

After making a decisive break through the $5000 mark yesterday, the BTC/USD pair extended its upside to a fresh all-time high at $5874 before going into consolidation. As of writing, the pair was trading at $5675, adding $235, or 4.3%, on the day. On Friday, Coinbase, a major U.S.-based digital currency exchange, announced “We are excited

US Dollar headed for a weekly close below 93

Following a sharp drop to a fresh 16-day low at 92.59, the US Dollar Index, which tracks the greenback against a basket of six trade-weighted peers, erased its daily losses and was last seen at 92.94, virtually unchanged on the day. Today’s macroeconomic data from the U.S. triggered a short-winded sell-off in the early NA session. Following

US: Consumer sentiment surges in early October on jobs and income – Wells Fargo

The University of Michigan’s Consumer Sentiment Index rose 6.0 points in early October to 101.01. According to analysts from Wells Fargo,  the surge appears to be driven by increased optimism about employment and income prospects.  Key Quotes:  “Consumer Sentiment showed surprising strength in early October. The proportion of consumers stating the country will have continuous ‘good

UK next week: CPI, jobs, Carney and Brexit – Danske Bank

Analysts from Danske Bank think the CPI inflation print for September and the jobs report for August are the two most important releases next week in the United Kingdom, ahead of the Bank of England meeting next month. Key Quotes:  “In the UK, we think the CPI inflation print for September and the jobs report for

EUR/GBP: risk of a move back above 0.90 – Rabobank

Jane Foley, Senior FX Strategist see a risk in the EUR/GBP pair of a move back above 0.90 in a 3-month view and warns that it could trade near 0.92 if not progress is seen in Brexit negotiations by December.  Key Quotes:  “A week ago it was far from clear whether PM May would hold

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