Fundamental view: The AUD/USD pair has reached this week 0.7413 on Monday, a level that was last seen on August 2018. The greenback, however, began recovering afterwards, partially due to its extreme oversold conditions and partially due to an improved market mood. Australia Company Operating Profits on 31st August and Australia Building Approvals monthly report [...]
Fundamental view: Bitcoin (BTC) fell below $10,000 in the last week. The largest cryptocurrency had attempted to reclaim $10,500 on last Thursday, before capitulating to lose five figures for the first time since late July. The move down comes amid renewed bullish signs in the U.S. dollar currency index (DXY), with which Bitcoin had shown increasing inverse correlation [...]
Fundamental view: Gold markets initially tried to rally during the course of the week but continue to see trouble at the $2000 level, which of course is a large, round, psychologically significant figure. The Fed was expected to become more accommodative over the next few months, but if the labor recovery continues, we might see slightly less stimulus [...]
Fundamental view: The Euro has initially tried to break above the 1.20 level, but then rolled over to show signs of weakness. The week has been very volatile, but when you look at the longer-term trend, it does make sense that we need to consolidate in this area. Europe German Prelim monthly report on 31st August, Europe PPI [...]
