Fundamental view: The British pound has rallied significantly during the course of the week, reaching towards the 1.30 level above. That is a large, round, psychologically significant figure and of course that is something that will catch a lot of attention. Britain Claimant Count Change, Average Earnings Index on 15th September, US TIC Long-Term Purchases on 17th September [...]
Fundamental view: This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. Bitcoin showed a mixed trend in the last week. Jack Dorsey, [...]
Fundamental view: The Australian dollar has gone back and forth over the last couple of weeks, and at this point in time it is likely that the market will continue to see a lot of back and forth in this general vicinity due to the fact that it has rallied. Australia Employment Change, Unemployment Rate on 17th [...]
The Canadian dollar dropped fast, hit support, and rebounded furiously. It was not alone. Most of the G-10 major currencies saw similar price action, which occurred following U.S. Federal Open Market Committee meeting. The Fed left interest rates unchanged. It wasn’t a surprise. The dot-plot interest rate forecast predicted rates would remain at current levels [...]
