USD raises against Yen rises for the fifth consecutive day because of the US dollar strength and recent mild gains of S&P 500 Futures . It should, however, be noted that the downbeat performance of Nikkei 225 probes the upside momentum. Mixed data can create confusion in USD/JPY traders. Japan’s Current Account for November grew [...]
Aussie seems to be in negative trend despite the reports being positive. China’s Consumer Price Index (CPI) and Producer Price Index (PPI) for December crossed upbeat forecasts while flashing 0.2% and -0.4% YoY figures. Monthly CPI 0.7% versus 0.4% expected -0.6% prior has to be noted. Earlier today, Australia’s final reading of November’s Retail Sales [...]
Fundamental view: The early part of this week started off encouraging for Gold bulls. The yellow metal continued to push higher, riding a trendline that had built in December as buyers got back on the bid. This brought hope that bulls would be able to continue pushing prices higher but it snapped back aggressively on [...]
Fundamental view: The British pound initially tried to rally a bit during the course of the week but gave back the gains rather quickly as as the UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. US Democrats' win of the Senate sparked a mixed dollar reaction. Prime Minister Boris [...]
