Fundamental view: The Australian dollar formed a bearish rally against the American dollar this week. Australian central bank is very dovish, while the Federal Reserve is looking to taper bond purchases. US Federal Reserve is one of the few central banks that have already took action to reduce facilities. Moreover, Australia is stepping ahead into its [...]
Fundamental view: US dollar raised in the beginning of the week and reached its peak 115.52 on Wednesday since January 2017, the reason behind this move can be related to US inflation and Consumer spending data. But the outbreak of new coronavirus variant led to the risk aversion sentiment in the market , Along with [...]
Fundamental view: The British pound started this week with a bearish trend as greenback continued to gain strength due to rising US Treasury bond yields. But ahead of the weekend, the risk aversion market sentiment led to a sharp drop in yields and helping the pound to erase a small portion of its weekly losses. [...]
Fundamental view: The Euro initially fell against the greenback in the first half of the week but later part of the week, risk aversion took over financial markets weighing on greenback and Euro closed with a weekly bull candle. US Policymakers are very cautious, however the Minutes of the Fed’s November meeting released on Wednesday showed [...]
