Aussie falls after RBA Governor Philip Lowe’s speech during the early Monday. Although RBA’s Lowe tried to sell the Aussie government’s policies, his comments over inflation and employment seem to have weighed on the AUD. The Reserve Bank of Australia's governor Philip Lowe said on Monday that the central bank is doing what it can [...]
Fundamental view: The Euro went back and forth during the course of this week. In this week, The ECB decided to maintain rates and leave quantitative easing unchanged, as expected but announced it would significantly step up the pace of bond-buying to grant financial stability. Governmental support and ultra-loose central banks’ policies are still short of boosting economic growth. Amidst [...]
Fundamental view: The British pound tried to rally against the greenback in the previous week. During this week, The US conducted three bond auctions and all were calmer than some had feared. Robust demand for US debt helped temporarily pushes returns lower, weighing on the dollar. However, expectations for strong growth in the world's largest economy meant that the [...]
Fundamental view: Gold markets have gone back and forth during the course of the week. At the beginning of the week, the data from China revealed that Exports in February made a surge by 60.6% on a yearly basis and beat the market expectation for an increase of 38.9% with a wide margin. As a negative [...]
