Fundamental view: Aussie went back and forth against the greenback during the trading course of the week. Firmer gold prices played a supportive role, as the bright metal soared this week. The dismal Chinese data undermined demand for high-yielding assets which benefited American currency. But the market’s mood reversed by the US Q3 earnings reports. [...]
Fundamental view: US dollar has lost its ground against the Japanese yen in this week. In Japan, National election on October 31 is almost guaranteed to return the Liberal Democratic Party (LDP) candidate, current Prime Minister Fumio Kishida, to office. He has promised new fiscal and monetary stimulus programs to revive the Japanese economy. On [...]
Fundamental view: The British pound went back and forth against the US dollar in this week. The pound received the help from Bank of England Governor Andrew Bailey, who said he is ready to act against rising inflation. His words have contrasted that of other central bankers that have mostly stuck with the say that [...]
Fundamental view: The Euro managed to close with a bullish candle for a second consecutive week but the advance was somewhat dull as the shared currency stood away from investors’ radars. Top Federal Reserve officials expressed concerns about extended high inflation and noted that it could force the central bank to raise rates sooner than [...]
