Fundamental view: Gold has posted loss this week against the greenback. US inflation expectations and Treasury bond yields continue to impact gold’s performance. The data from the US showed on Tuesday that the business activity in the manufacturing sector continued to expand at a strong pace which helped the US dollar. The Automatic Data Processing [...]
Fundamental view: The US dollar has initially rallied during the course of the week, but then turned around to form to make a fall. Inflation in the US economy has been pushing market speculation toward the idea that the Fed will be forced to consider tapering its bond purchases. But the weaker labor markets will keep the Fed on [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the week, as we continue to see a lot of noise when it comes to the idea of inflation. Inflation is good for commodities, and thus by extension it is potentially good for Australia. The central bank left interest rates unchanged as expected in [...]
Fundamental view: Pound has suffered by some favorable Macro US data and concerns about Britain's reopening. Words by Philadelphia Fed President Patrick Harker that this is the time to think of thinking of tapering, these were part of the mix sending the dollar higher. There seems to be growing support to reduce the pace of dollar printing at [...]
