Forex Major Analysis 27-July-2018

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EUR/USD – Euro plunges after dovish Draghi as he reaffirms end 2018 QE termination and summer 2019 rate hike, price dragged down by sentiment towards the bottom of 1.1743-1.1629 range.
GBP/USD – Pounds follows Euro down as Brexit chief negotiator Barnier adds uncertainty against UK’s white paper by saying that "EU will not delegate excises duty collection to a non-member", $1.31 next.
USD/JPY – Dollar-Yen ends sesion mixed on flat US Yields in spite of soft US data as Euro weakness allows Dollar to counter-balance losses, price still near 111 handle while investors eye the US GDP.
USOIL – Oil mixed as price struggles to pierce top of ascending channel, volumes were low but investors may increase their positions on week-end flows. WTI stable near $69 per barrel.
XAU/USD – Softer Euro sends Gold lower towards $1220 scrapping off yesterday’s gains on Junker-Trump trade-talks but still near trendline, investors shift focus to an array of major US data.
BTC/USD – Bitcoin falls to dynamic $7850 support to form area of retest after Gemini exchange’s Winklevoss ETF proposal gets rejected by SEC for a second time, price shows no bearish signs.
US Equities – Facebook suffers huge losses by plummeting 18.96% lower, Alphabet up by 0.75% after positive earnings report.
US Indexes – DJ rose by 0.44% yesterday, S&P 500 dragged down 0.30% by Facebook.
European Indexes - UK 100 and DE 30 open 0.36% and 0.14% higher, respectively.
Asian Indexes - ASX 200 climbed 0.85% higher, Nikkei appreciated by 0.56% and Hang Seng trades 0.11% lower.

Forex Major Analysis 27-July-2018 | Ecency