Fundamental view: The Euro struggled and managed to rise higher against dollar, it climbed to 1.19 again in the past week. NBB Business Climate & US HPI monthly report on 25th August and US Prelim GDP quarterly report, Pending Home Sales on 26th August favored downtrend for the pair whereas Europe German Final GDP quarterly [...]
Fundamental view: Bitcoin fell in the last week and touched around 11k. The Fed's plan to hold rates near zero for the foreseeable future is driving real Treasury yields below zero and forcing investors to find healthy returns elsewhere. Traders are experimenting with crypto currencies, anticipating their insulation from inflation will lift prices higher. The major [...]
Fundamental view: The British pound has shown itself to be resilient in the last week, breaking to a fresh, new high, before giving back some of the gains Britain CBI Realized Sales on 25th August and US Prelim GDP quarterly report on 27th Aug created a bearish trend for the pair whereas US CB Consumer Confidence on [...]
Fundamental view: The US dollar has initially tried to rally against the Japanese yen, but gave back quite a bit of the gains, especially on Friday. Japan BOJ Core CPI on25th August and US Core Durable Goods Orders on 26th August supported upward movements for the pair whereas Japan SPPI yearly report on 26th August and US Unemployment [...]
