Daily News | The Sterling quivers | 24.07

The Sterling quivers
Fed, ECB and Brexit noise to set the course for EUR/GBP.
Political uncertainty prevails, and the threat of a hard Brexit is keeping the Pound under pressure, near two year lows.

FAANG earnings loom
Key central bank meetings and major earnings are getting Wall Street excited.
The S&P 500 index pared early gains to tread water, as investors awaited key central bank meetings for direction on the path of interest rates.

Iran dives into Crypto, officially
Iranian MP recognizes Crypto as an official industry.
The Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country.

GBP/USD
GBP/USD has lost 0.6% in the last two sessions.
The Sterling-Dollar pair has seen some downward movement, falling 0.6% in the last two sessions. Stochastic is giving a positive signal.

USD/JPY
USD/JPY has shown slight gains in the last two sessions, up 0.6%.
The Dollar-Yen pair has shown slight gains in the last two sessions, up 0.6%. The Stochastic-RSI settles in the neutral area.

Gold
XAU/USD has traded sideways in the last session.
The price of gold has traded sideways in the last session. Stochastic remains neutral.

BMW
BMW ST has shown slight gains in the last two sessions, up 0.9%.
BMW’s stock has shown slight gains in the last two sessions, up 0.9%. The RSI currently dwells in the negative zone.