Fundamental view: The Australian dollar has gone back and forth during the course of the week to show signs of exhaustion in the previous week. The slump was all about demand for the American currency amid renewed strength in government bond yields. On Tuesday of the previous week, the Reserve Bank of Australia had a [...]
The yellow metal is on a bearish trend as the control after Fed Chair Jerome Powell downplayed the recent turmoil in the bond market. Powell said that the recent bond market will create nervousness which disappointed markets and triggered a renewed uptick in the US dollar alongside the Treasury yields. After that Gold and stocks [...]
The dollar hit a seven-month high on Thursday as an orderly rise in U.S. Treasury yields lent support before speech by Federal Reserve Chairman Jerome Powell that may determine the trend for global bond markets and currencies. Investors seem to boost bets on U.S. growth and inflation as the government prepares new fiscal stimulus, and [...]
Japan's services sector extended declines in February for a 13th straight month, as the business activities was hit by many restraints which are put in place to stop the spread of the coronavirus pandemic, leading to the weak demand. The contraction was hit the services sector came as a state of emergency for Tokyo and [...]
