Fundamental view: The Australian dollar has shown itself to be rather resilient and strong during the course of the week, after initially pulling back. It seems that US dollar is probably in serious trouble longer term. There seems less stimulus in the market. As long as that is going to be the case in the United States, [...]
Fundamental view: The cryptocurrency market celebrates the New Year with new highs. Bitcoins jumped above $29,000 and set a new all-time high at $29,321 during the last week. Since that time, the pioneer digital asset has retreated to $28,800, though it is still 3.5% higher on a day-to-day basis. On a weekly basis, BTC gained [...]
Fundamental view: EUR seemed to be stronger than the greenback in the past week. The greenback retains the doubtful honor of being the weakest currency across the FX board, undermined by mounting virus concerns, but also but resurgent demand for the pound after the UK Parliament backed the post-Brexit deal. The EU hasn’t published macroeconomic [...]
Fundamental view: The US dollar has initially tried to rally during the week against the Japanese yen but yen managed and formed a bearish candle in the week. There was a lot of downward pressure in the past week due to broad US dollar weakness. Furthermore, we have the US Senate runoff elections in Georgia that could [...]
