The USD/JPY is on consolidated downtrend from last week Friday and the catalyst behind it could be weaker-than-expected consumer sentiment report, which drove U.S. Treasury yields sharply lower. It has swiped out all the previous gains of bullish U.S. Non-Farm payrolls report. According to the University of Michigan, US consumer sentiment fell to its lowest [...]
Fundamental view: Bitcoin has shown an uptrend against greenback in the previous week. Despite the recent crashes, Bitcoin adoption continues to progress. The President of Argentina, Alberto Fernandez, expressing his views on how Bitcoin can combat inflation with a local media outlet on August 12, this helps the Bitcoin's uptrend. Singapore’s largest bank - DBS [...]
Fundamental view: The yellow metal bounced up and down against the greenback in this week. The unabated USD strength at the start of the week caused the pair to show a downtrend at the beginning of the week. Atlanta Federal Reserve Bank President Raphael Bostic said that the Fed could start to reduce asset purchases [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the trading and ended forming a bullish candle. In Australia, regional lockdowns have been once again extended, and macroeconomic data has continued to reflect the poor performance of the economy. Whereas US Senate has finally passed a $1 trillion bipartisan infrastructure [...]
