Fundamental view: Euro fell early last week even as hopes of a corona virus vaccine raised the tantalizing prospect of a global economic recovery and prompted a move by investors out of safe havens like the US Dollar into more risky assets such as stocks. By Thursday, this optimism had already started to fade and that raises [...]
Fundamental view: The pioneer digital currency hit a new multi-year high .Currently, Bitcoin is on the way to finish the sixth consecutive week in a green zone, which is the longest bullish streak since March. Bitcoin's market share jumped to 65%, while its capitalization exceeded $300 billion. Notably, according to the research performed by CryptoVoices, Bitcoin's market [...]
Fundamental view: The USD/Yen closed higher last week, but the gains were skewed by last Monday’s huge rally in reaction to the news that Pfizer had developed a COVID-19 vaccine with 90% efficiency. After that initial thrust, the Forex pair spent most of the week trading sideways to lower. The dollar headed for its best [...]
Fundamental view: Gold futures settled sharply lower last week with most of the losses taking place in one session, while the rest of the week, the market attempted to claw back these losses. Pfizer and BioNTech reported a 90% efficacy rate in their COVID-19 vaccine candidate. While the results are preliminary, the outcome seems promising [...]
