Fundamental view: Gold showed a slightly bullish trend against the greenback in the past week. In the absence of high-tier macroeconomic data releases in the first half of the week, hawkish Fed commentary helped the greenback stay resilient against its major rivals. Whereas Federal Reserve's Vice Chairman for Supervision Randal Quarles said that the Fed [...]
Fundamental view: The Australian dollar has fallen a bit during the course of the week. The Nonfarm payroll along with the Fed's Robert Kalpan's move favored the US dollar which is the main driver behind the bearish trend for the pair. Australia RBA Private Sector Credit monthly report on 29th June and US Average Weekly [...]
Fundamental view: US dollar has rallied against the yen in the past week. The Japanese economic data was mixed with slightly better than forecast Retail Trade in April offset by a weaker than expected Tankan Manufacturing Survey for the second quarter. One bright spot was All Industry Capex (capital investment) which rose to 9.6% from [...]
Fundamental view: The Britain pound has made a fall against the greenback during the previous week. The biggest worry is the ongoing spread of the Delta variant of coronavirus, which may put a question on the already delayed reopening due on July 19. On the other hand, Along with favorable US data, Fed's move also [...]
