Fundamental view: The Australian dollar has gone back and forth during the course of the trading and ended forming a bullish candle. In Australia, regional lockdowns have been once again extended, and macroeconomic data has continued to reflect the poor performance of the economy. Whereas US Senate has finally passed a $1 trillion bipartisan infrastructure [...]
Fundamental view: Greenback dropped against the Japanese yen in the last week due to the sharp decline witnessed in the US Treasury bond yields and the broad-based USD weakness. Federal Reserve policy is also undetermined. Several bank officials, including Vice-Chair Richard Clarida, made a suggestion that a reduction in the amount of bond purchases may [...]
Fundamental view: Pound has declined against the greenback but closed slightly below the open price. Monetary policy of Bank of England (BOE) is cautious and not about to change until it is clear that the pandemic is no longer a threat to the economy. This might last through the winter flu season. Consumer prices are [...]
Fundamental view: The Euro has fallen hard during the course of the trading week but later picked up. The dominant downtrend was interrupted on Wednesday, following the release of US inflation figures. The central bank is trying to cool down tightening expectations by saying that heating inflation will likely be temporary and resting on the [...]
