Other economic highlights for today (7/27/2018)

In the American session from the US we get the preliminary GDP growth rate for Q2, which is forecasted to accelerate substantially and could provide some support for the USD.

Also, we get the US Core PCE prices for Q2, the final release of the Michigan Consumer Sentiment indicator for July and the Baker Hughes Oil Rig Count figure.

Also we would like to point out that Bitcoin dropped yesterday probably on the news that a US Bitcoin ETF was rejected by the Securities and Exchange Committee.