The Australian dollar climbed to a one-week high on Tuesday as investor sentiment was boosted by corona-virus vaccine hopes and RBA minutes release. Risk assets were buoyed overnight by news that Moderna's MRNA.O COVID-19 vaccine recorded a 94.5% efficacy rate in preliminary numbers from a large late-stage clinical trial. NAB analysts wrote in a note [...]
GBP/USD shows upward movement this Monday, helped by the upbeat market mood-led additional weakness in the US dollar across its main competitors. The haven demand for the US dollar got almost killed, as euphoria on the corona virus vaccine progress, solid Chinese factory output and Japanese economic rebound lifted Asian equities to record highs. The [...]
Fundamental view: Australian dollar finished higher last week, underpinned by increased demand for higher-risks assets on increased hopes for a faster than expected end to the coronavirus pandemic after Pfizer announced the development of a vaccine that tested at 90% effective. That news spiked the Aussie higher early in the week then investors held on [...]
Fundamental view: The British pound showed a mixed trend last week. British pound is going to be very volatile look at the Brexit situation not getting any more clarity. Furthermore, if we get some type of major “risk off move”, it could drive money into the US dollar. Finally, closing down the United Kingdom from [...]
