Fundamental view: After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,560. A lot of cryptocurrency enthusiasts are concerned about the end of the current Bitcoin rally as the digital asset has dropped by more than 30% since its all-time high. However, most on-chain metrics and indicators suggest the run [...]
Fundamental view: The AUD/USD pair has made little progress this week as investors struggled to maintain the optimism alive. Australia reported on Thursday a week without new coronavirus contagions, although a foreign visitor tested positive on Friday. The country reported a total of 28,755 contagions since the pandemic started, and 909 deaths linked to the virus. [...]
Fundamental view: The Euro has rallied significantly during the course of the week. A scarce macroeconomic calendar, uneventful central banks and corona virus-related concerns offset hopes that vaccine immunization will soon put an end to the pandemic and let economies return to the growth path. In the meantime, The US Federal Reserve is having a monetary policy meeting [...]
New Zealand's central bank said on Friday that it is going to postpone publication of most of its statistical data releases for a number of weeks while it is investigating a cyber attack that has led to a serious breach of its data systems. The breach was declared earlier this month and the Reserve Bank [...]
