Australia is one of the nine nations which holds a AAA credit rating, the country’s Treasurer Josh Frydenberg said after the US-based Fitch Ratings affirmed the OZ economy’s top-tier AAA rating, Country’s Treasurer Josh Frydenberg tweeted out that "Fitch says we have 'weathered the pandemic well compared with peers' and 'Australia's labor market appears to [...]
Fundamental view: Gold fell against greenback last week as It was hit by a slate of negative news. This week's primary downward pressure came from rising U.S. Treasury yields mixed in with the stronger U.S. dollar. The sharp upsurge witnessed in the US Treasury bond yields helped the USD stay resilient against its rivals and [...]
Fundamental view: The price of bitcoin has hit an all-time high again Friday, pushing its market capitalization above $1 trillion. After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion. While this number might seem unusually high, it makes sense that the figure would [...]
Fundamental view: The Euro has fallen a bit during the course of the week but then turned around to wake up yet again. The Euro has ended the week where it started, in the 1.2130 price zone, and while it expanded its weekly range. Investor’s attention is centered on US Treasury yields, as long-term ones soared to one-year [...]
