Fundamental view: The Australian dollar initially fell during the course of the week but seems as if it found a way to go higher towards the end of the week. Earlier in the week, the RBA announced that it left its policy rate unchanged at 0.25% as expected. In its policy statement, the Australian central bank noted that [...]
Fundamental view: British pound initially fell during the week but then turned around to show signs of strength again. Early in the week, US President Donald Trump left the hospital as he recovers from his COVID-19 episode, and abruptly cut off talks with Democrats. However, sinking stocks and tumbling poll figures probably convince the commander-in-chief to change tack, which [...]
Fundamental view: The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment turned [...]
Fundamental view: The USD/JPY showed a mixed trend in the last week. There’s still plenty of uncertainty, and USD/JPY trading is volatile since both the U.S. dollar and the Japanese yen serve as safe haven assets. The market continues to be driven based upon the idea of stimulus and risk appetite, which of course is all over [...]
