The Australian dollar held firm on Tuesday as both countries' relative success in combating COVID-19 supported local sentiment in the face of a darkening global outlook. While the resurgence of the corona virus is threatening economic growth in Europe and the United States, most of Australia has little to no new cases and the country's [...]
EUR/USD is bearish, as the Eurozone's second wave of corona virus is accelerating and threatening to slow down the already fragile economic recovery. France announced a daily record of new corona virus infections on Sunday, with the confirmed figure reaching 52,000. Italy announced a partial lockdown, which will remain in effect until Nov. 24. And [...]
Fundamental view: The pair managed first but later fell by Wednesday. The once and future US stimulus package is the market intervention of the month. As the Republicans and Democrats tried to wring as much electoral advantage from negotiations, hopeful statements for a deal from Democratic House Speaker Nancy Pelosi and President Donald Trump on Wednesday [...]
