Fundamental view: Gold markets have gone back and forth during the course of the week. With the benchmark 10-year US Treasury bond yield continuing to edge lower, however, gold advanced to its highest level. In the absence of high-tier macroeconomic data releases, XAU/USD continued to react to fluctuations in the US T-bond yields. US President Joe [...]
Fundamental view: The British pound has initially tried to rally during the last week but from Wednesday it gave up against the safe haven dollar. The upbeat market sentiment and optimism about Britain's vaccines have been effected by concerns about the virus and a hesitant market mood. The world seem to be concerned about India's record [...]
Fundamental view: The Euro has advanced for a third consecutive week, now firmly moving above the 1.2000. During the past week, the US dollar attempted to overcome sentiment-related trading and advanced against the Euro mid-week, but dollar gave up on Thursday after speculative interest negatively reacted to news indicating that US President Joe Biden is planning a tax [...]
Joe Biden might certainly be the last U.S. president who was born as a member of the “silent generation” demographic group who were children during World War Two, came of age in an economic boom that built middle class wealth, and made the function of the United States as the world’s most leading industrial power. [...]
