Fundamental view: The Australian dollar has been back and forth during the course of the week, showing signs of confusion to say the least. The Australian dollar got hit by the Reserve Bank of Australia Minutes, as the document paved the way for a cash rate cut to a fresh record low of 0.1%. The strength of [...]
Fundamental view: The Euro has shot straight up in the air again during the week, but as you can see continues to struggle with the previous uptrend line that had been so important. Uncertainty about economic growth within the pandemic context, and the upcoming US presidential election made the pair confusing to choose direction till now. With [...]
Fundamental view: The British pound has been somewhat bullish during the week but has struggled at the end of the week. This market continues to be one that is going to struggle with the idea of whether or not we get a clean Brexit. The EU and the UK have continued negotiations – on the [...]
Fundamental view: Gold showed a mixed trend in the last week. Fiscal stimulus deal has been pushing gold prices higher, while pessimism about a deal held it back. With time running out toward Election Day, the next bout of cash to fuel gold prices mostly depends on the outcome. When President Donald Trump completed his U-turn – [...]
