Fundamental view: Aussie managed to gain against the greenback during this week. Initially in the week, sentiment led the way for the greenback changing course on relief-related news. The week started with the traders worried about supply chain issues which weighed on growth and it pushed inflation up, a situation that continues as it comes [...]
Fundamental view: The US dollar showed a bullish trend against the yen during the trading course of the week. The pair seemed to react to the bond taper despite of the huge miss in the US September Nonfarm Payrolls. The US economy has made a gain of just 194,000 jobs in September which is far worse [...]
Fundamental view: Pound showed a uptrend against the US dollar in this week. The US economy has made a gain of just 194,000 jobs in September which is far worse than expectation of 500K. Despite, upward revisions and soft gains in leisure and hospitality – related to the spread of the Delta covid variant made [...]
Fundamental view: The Euro has fell against greenback in this week reaching to a fresh low of 1.1528 as the world struggles to overcome the pandemic. Resuming of the economic activity has faced hurdles and supply chain disruptions since the recovery is very uneven across the globe. The soon to come tapering has benefited the US [...]
