Fundamental view: The Australian dollar has rallied a bit during the course of the week The macroeconomic data coming from major economies indicated sustained growth, regardless if it missed or surpassed the market’s expectations. Central bankers from around the developed world are showing different degrees of optimism regarding the post-pandemic comeback, which is underway. Australia [...]
Fundamental view: The US dollar has gone back and forth against the yen during the course of the trading week. This is because there is a bit of confusion in the market as the market is likely to continue to see a lot of questions asked about the Federal Reserve, especially as the Core PCE [...]
Fundamental view: Pound has been trading high against greenback in the past week. GBP/USD as much of the post-FOMC hawkish excitement faded. The recent meeting of BOE provided little in the way of surprises with policy tools left unchanged on the other hand, the outgoing Chief Economist, Andy Haldane, had once again been the only [...]
Fundamental view: The Euro has bounced rather hard to form a bull candle. Fed bankers remained under the spotlight, although sentiment was the main driver, as rallying stocks underpinned demand for high-yielding currencies. On the one hand, European Central Bank President Christine Lagarde said that the outlook for the euro area economy is brightening as [...]
