Fundamental view: The US dollar has gone back and forth against the Japanese yen. Federal Reserve is flooding the market with dollars so it is possible to see this pair drop. But the market’s mood is mixed as participants are still trying to find equilibrium from fundamental headlines. The pair’s bounce has little to do with the [...]
Fundamental view: Bitcoin has been one of the best assets this year despite the coronavirus pandemic. After hitting a low of $4,000 on many exchanges in March, the flagship cryptocurrency is currently trading at $19,000 and aiming for new all-time highs. Bitcoin's move to the new all-time high was followed by massive profit-taking triggered a [...]
Fundamental view: The Euro broke higher during the course of the week, slicing through the 1.21 level, a level that was last seen in April 2018. Market players had loads to digest this week, starting with a quite encouraging factor. On Tuesday, a group of US bipartisan lawmakers offered a new $908 billion COVID-19 relief package. Talks [...]
Fundamental view: After starting the week on the back foot and printing fresh multi-month lows, the XAU/USD pair reversed its direction and snapped a three-week losing streak. Fueled by the broad-based USD weakness, the pair gained more than 2.5% on a weekly basis. The last nonfarm payroll report of the year was quickly shrugged off as softness [...]
