Japan's current account surplus shrank 31.4 percent in the first half of 2020 from a year earlier to 7.31 trillion yen ($69 billion), marking the lowest level in over five years as exports and spending by visitors from overseas were hit hard by the corona virus pandemic, government data showed. While the actual figure bettered [...]
USD became stronger, assisted by a stronger-than-expected nonfarm payrolls release. The escalated US-China tension is also grows creating a concern around the investors. As previously foreshadowed, Trump announced an executive order on Friday that would ban Tik Tok in the US in 45 days time. Unexpectedly, the executive order also singled out instant messaging app [...]
Fundamental view: Last week the Euro followed bullish rally until Non-Farm Payroll announcement came out on Friday which changed the trend drastically. US Final Manufacturing PMI on 3rd Aug, US ISM Non-Manufacturing PMI on 5th Aug, and USD Non-Farm Employment Change 7th Aug created a bearish environment for the pair whereas Italian Industrial Production monthly [...]
Fundamental view: Bitcoin within the dominant bullish trend and resume the upside move after a short-period of range-bound trading in the beginning of the week. Bitcoin's on-chain stats continued to improve as the price increased. Bitcoin often referred to as digital gold, attracts investors' attention due to its anti-inflationary features and a decentralized nature, which makes [...]
