US stimulus and Virus in Japan impacts yen

Greenback has bounced-off lows against the yen but remained in a narrow range around mid-105s, as markets remain in a waiting period in the aftermath of Friday’s US NFP report and incoming stimulus headlines. The weakness in USD/JPY was due to the US dollar sell-off due to the employment data disappointment, with only 49K jobs [...]

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USD/JPY Weekly Forecast (08th February 2021 – 12th February 2021)

Fundamental view: The US dollar has rallied significantly during the course of the week. As per the previous week report, In light of ADP's 174,000 new workers on a 49,000 forecast and after an excellent week of US January statistics, including Manufacturing Employment PMI at an 18-month high and Jobless Claims at a nine-week low, data suggested a [...]

XAU/USD Weekly Forecast (08th February 2021 – 12th February 2021)

Fundamental view: As the corona virus crisis became the primary driver of financial markets last March, the greenback adopted the role of a safe-haven and formed a strong inverse correlation with major equity indexes in the US. Amid strong upbeat macroeconomic data releases and the coronavirus vaccine rollout, the above-mentioned correlation seems to have started [...]