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Here is what you need to know Thursday, October 17th:

  • Brexit-related headlines gathered all of the market’s attention this Wednesday. Hopes mount that there will be some sort of agreement to discuss Thursday in the EU Summit. DUP still unconvinced according to the latest market talks, although French President Macron said that a Brexit agreement was being finalized, later reinforced by comments from German Chancellor Angela Merkel, who said that Brexit talks are now in the “final meters.”GBP/USD soared to 1.2877 its highest in seven months.
  • The EUR/USD pair continued trading in a dull fashion throughout the first half of the day, but poor US Retail Sales, some trade-war optimism and Brexit headlines pushed it to new four-week highs in the 1.1080 price zone.
  • Equities failed to attract investors, trading uneventfully around their opening levels ahead of clearer news. Optimism was offset by poor US data.
  • Cryptocurrencies remained under selling pressure BTC lost the 8,000.00 threshold.