Fundamental view: In the last week, The aussie just went with the flow these days, boosted by rallying equities and persistent hopes among speculative interest, which believes that the economic chaos triggered by the coronavirus pandemic is on its final stages. On the other hand, the greenback remained pressured by a combination of factors such as political [...]
USD/CAD gains downside momentum. Democrats won effective control of the Senate this week, giving President-elect Joe Biden scope to push through more spending, which analysts say will be negative for bonds and the dollar. In this week, U.S. reported that ISM Manufacturing PMI increased from 57.5 in November to 60.7 in December while analysts believed [...]
Japan coronavirus advisory panel is out with its recommendations on Thursday, as the third wave of the virus grips the economy and threatens to derail its post-pandemic recovery. The panel suggested that a state of emergency declaration is needed for Tokyo and three nearby prefectures from January 8 to February 7. Earlier today, it was [...]
Bitcoin just set a new all-time high just minute ago, exploding from $34,000 to $35,800. The cryptocurrency has since retraced slightly to $35,300 as the breakout has slowed to some extent. BTC’s rally appears to be a by-product of news that the democrats are expected to win the Georgia Senate elections, which will determine the [...]
