Fundamental view: Gold has posted gains against the greenback in this week. Broad US dollar weakness stands to be the reason behind this. The comment from Fed Jerome Powell led to weak dollar. Federal Reserve Chair Jerome Powell: the U.S. economy has not reached "substantial further progress" to warrant a slow down of its bond [...]
Fundamental view: Australian dollar has gone back and forth against the US dollar during course of the trading week. Even the broad US dollar weakness could not help the Aussie. The main cause for that is still linked to the pandemic. Australia passed 2020 without much economic pain, as the island country quickly closed its [...]
Fundamental view: The US dollar has fallen against the Japanese yen during the course of the week. The dollar was trading low due to weak US statistics and stationary monetary policy, there was no compelling reason to buy dollar whereas yen also seem to be unattractive with the absence of positive data. Comments from Japanese [...]
Fundamental view: The British pound has rallied significantly against greenback during the course of the week. The improving coronavirus situation in the UK, a strengthening economy and rising inflation has extended helping hand towards pound against greenback. On the other hand, US central bank left its monetary policy unchanged which was expected. In his press [...]
