Daily News | Iraq joins the oil bath | 02.07

Iraq joins the oil bath.
OPEC set for oil cut extension if Iran endorses pact.
OPEC and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers.

Bitcoin had a rough weekend.
Falling 5% a day, the Cryptocurrency shows no signs of slowing down.
Bitcoin continues to demonstrate extreme volatility, falling over 10% during the weekend and a wave of profit taking hits the market.

It’s not you, it’s us.
Facebook’s Clegg rejects break-up calls, prefers more regulation.
Facebook dismissed calls for a break-up of the world’s biggest social network and other big internet companies.

EUR/USD
EUR/USD has has traded sideways in the last session.
The Euro-Dollar pair has traded sideways in the last session. The ADX enters the positive area.

Facebook
Facebook has gained 2.8% in the last two sessions.
Facebook’s stock has gained 2.8% in the last two sessions. The ATR has shifted into the high volatility area.

USD/JPY
USD/JPY has gained 0.1% in the last session.
The Dollar-Yen pair has performed a minor correction, gaining 0.1% in the last session. The ATR is signalling low volatility.

AUD/USD
AUD/USD has gained 0.2% in the last session.
The Aussie-Dollar pair has shown slight gains in recent sessions, up 0.2% in the last session. The Stochastic-RSI currently dwells in the overbought zone.