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AUD/USD 0.79686 23:30 27.07 GBP/JPY 145.298 23:30 27.07 EUR/JPY 129.890 23:30 27.07 EUR/USD 1.16822 23:30 27.07 USD/JPY 111.182 23:30 27.07 NZD/USD 0.74956 23:00 27.07 AUD/NZD 1.06352 23:00 27.07 USD/JPY 111.232 22:30 27.07 BITCOIN 2648.744 22:00 27.07 EUR/USD 1.16753 22:00 27.07 USD/CHF 0.96480 21:00 27.07 USD/CAD 1.25536 21:00 27.07 GBP/USD 1.30655 21:00 27.07 EUR/GBP 0.89385 21:00 27.07 AUD/USD 0.79673 20:30 27.07 USD/CAD 1.25549 20:30 27.07 EUR/USD 1.16768 20:30 27.07 GBP/CHF 1.26068 20:30 27.07 GBP/USD 1.30624 20:15 27.07 TOYOTA (US) 111.700 20:00 27.07 ALIBABA 154.270 20:00 27.07 JOHNSON & JOHNSON 130.810 20:00 27.07 BANK OF AMERICA 24.115 20:00 27.07 WAL-MART 79.785 20:00 27.07 EUR/CHF 1.12626 20:00 27.07 JP MORGAN CHASE 91.545 20:00 27.07 AUD/CAD 1.00042 20:00 27.07 DOLLAR INDEX-APR17 93.770 20:00 27.07 McDONALD'S 156.965 20:00 27.07 EUR/CAD 1.46627 20:00 27.07

Market Review

DAILY MARKET OVERVIEW
Today's Top Market Headlines – Jan 20, 2017
Dollar drops on Yellen comments as Chinese Markets rally after a strong GDP

The dollar weakened after Fed Chair Janet Yellen said it would be prudent for the Federal Reserve to gradually adjust policy over time, while Chinese stocks extended gains as the world’s second-largest economy grew faster than forecast.  China’s gross domestic product accelerated for the first time in two years in the final quarter of 2016. Boosted by higher government spending and record bank lending, China’s economy grew 6.8% during the fourth quarter, which means GDP expanded 6.7% in 2016. The growth rate albeit reaching the government’s 6.5%-7% growth target, is still the slowest pace since 1990. Retail sales also jumped 10.9%, industrial production rose 6%, and fixed asset investments increased 8.1%.

European Markets edge higher ahead of Trump inauguration speech

European stocks were seen edging higher on Friday as investors digest dovish comments from ECB President Mario Draghi and tune in to watch U.S. President-elect Donald Trump’s inaugural address later within the day. In today’s European markets Germany’s DAX added 0.1 percent, U.K.’s FTSE 100 lost some of it’s previous profits after a steep slide of the pound to last trade 0.1 percent lower while France’s CAC 40 and the Euro Stoxx 50 added 0.3 percent respectively as of 9:00 GMT.

Uber to pay $20M for FTC charges

UBER has agreed to a $20M fine settling after accusations that the company has exaggerated prospective earnings in an effort to recruit more drivers. It should be noted that this settlement marks the latest in a series of fines the company has faced around the world. On its website, Uber states that prospective drivers could make more than $90,000 in New York and $74,000 in San Francisco when the real earnings were considerably less, according to the court filing made by the Federal Trade Commission.