Fundamental view: The British pound has initially pulled back just a bit during the trading sessions that make up the week, only to turn around and sliced through the 1.30 level. The question of who will be the next president remains in the front - The question remains open after long days of vote counting. However, Democratic nominee [...]
Fundamental view: During the last week there was US presidential elections, a FOMC meeting, and of course the Non-Farm Payroll numbers created negativity for the pair and the pair fell to 103 levels. Japan Final Manufacturing PMI on 2nd November and US Wards Total Vehicle Sales on 3rd November created a bearish trend for the [...]
Gold has been increased in its recent advance to the $1,950 level as market volatility slows down and the US election nerves settle into a foregone conclusion of a Democratic Party victory. The yellow metal recently eased after US election updates suggest President Donald Trump’s lead in Pennsylvanian voting count. Earlier in Asia, news from [...]
The Bank of Japan (BOJ) ramped up its Japanese Government Bond (JGB) purchases in 1-3 years maturities by JPY500 billion vs. JPY420 billion previous, in its routine daily operation. The central bank also boosted the buying of JGBs in 3-5 years maturities to the tune of JPY420 billion from the JPY350bn purchases seen previously. Jibun [...]
