Daily News | Sterling plunges to two year lows | 31.07

Sterling plunges to two year lows.
Brexit worries, following Johnson’s harsh predictions, hit the GBP.
The Sterling touched a new two year low after the UK government predicted there would be a hard divorce from the EU.

FAANG continue to dominate Wall Street.
Amazon, Facebook and Apple drag Wall Street downwards.
A fall in shares of Amazon and Facebook pulled the S&P 500 and Nasdaq indices lower as investors looked ahead to major tech earnings.

The Iranian Crypto miners celebrate.
Crypto mining becomes an official industry in Iran.
Cryptocurrency mining is now an official industrial activity in Iran after winning approval from the country’s cabinet.

GBP/USD
GBP/USD has tumbled 2.2% in the last sessions.
The Sterling-Dollar pair has shown steady depreciation in recent sessions, falling 2.2%. The Stochastic-RSI is giving a neutral signal.

USD/JPY
USD/JPY has edged up 0.2% in the last session.
The Dollar-Yen pair has performed a minor correction, gaining 0.2% in the last session. Stochastic enters the positive area.

Gold
XAU/USD has crawled up 0.6% in the last two sessions.
The price of gold has shown slight gains in the last two sessions, up 0.6%. Stochastic enters the positive area.

Alibaba
Alibaba has lost 0.6% in the last session.
Alibaba’s stock has lost 0.6% in the last session. The ATR recedes into the low volatility area.