Fundamental view: The Australian dollar has fallen a bit during the course of the week. The Nonfarm payroll along with the Fed's Robert Kalpan's move favored the US dollar which is the main driver behind the bearish trend for the pair. Australia RBA Private Sector Credit monthly report on 29th June and US Average Weekly [...]
Fundamental view: US dollar has rallied against the yen in the past week. The Japanese economic data was mixed with slightly better than forecast Retail Trade in April offset by a weaker than expected Tankan Manufacturing Survey for the second quarter. One bright spot was All Industry Capex (capital investment) which rose to 9.6% from [...]
Fundamental view: The Britain pound has made a fall against the greenback during the previous week. The biggest worry is the ongoing spread of the Delta variant of coronavirus, which may put a question on the already delayed reopening due on July 19. On the other hand, Along with favorable US data, Fed's move also [...]
Fundamental view: The Euro has fallen during the course of the trading week and ending with a bearish candle. Nonfarm Payroll release seems to have had one role in market favoring the greenback. The US gained more jobs than expected, 850,000. But moderate wage growth at 3.6% and the lack of substantial upward revisions were [...]
