Fundamental view: Bitcoin surged in the last week. Bitcoin has begun to consolidate above $13,000. Despite this bullish trend, most Bitcoin funding rates on leading futures exchanges currently are negative. The major economic events deciding the movement of the pair in the next week are ISM Manufacturing PMI at Nov 02, ADP Nonfarm Employment Change, [...]
Fundamental view: The Euro broke down significantly during the week, slicing through the 1.16 level, an area that will cause a certain amount of psychological importance and support. The second wave of coronavirus is taking its toll in the northern hemisphere, with cases in Europe rising exponentially and the US reaching a record of over 85K new contagions [...]
Fundamental view: The US dollar has gone back and forth during the trading sessions that make up the week against the Japanese yen, as the ¥105 level continues to be resistance, but at the same time the ¥104 level has been rather supportive. Japanese statistics showed that the economy has not recovered from the global slump of [...]
Fundamental view: Aussie fell in the last week and reached 0.70 level. The Australian dollar felt the heat of resurgent coronavirus cases in Europe and US, despite Australia managed to control the latest outbreak. Australian “victory” on COVID-19 is nothing to cheer. After over 110 days of lockdown in Victoria, the area reported no new [...]
