Having initially played hard on the US Democrats’ easy money demands, which likely weigh his chances of winning in the upcoming presidential elections, Trump tries to convince the market that he is not the reason for the delay in the much-awaited stimulus package. In his latest comments, US President said he wants the biggest stimulus [...]
Fundamental view: The Australian dollar has broken down significantly during the week, to reach through the 0.70 handle. The commodity-linked currency declined, however, after the Reserve Bank of Australia’s Governor Philip Lowe hinted an upcoming rate cut. Speaking at the Citi Group annual investment conference on Thursday, Lowe said further monetary easing would support jobs growth and alleviate currency pressures, [...]
Fundamental view: The US dollar has initially fallen during most of the week to reach down towards the ¥105 level again. This is an area that has been supportive in the past, and now that it has been recaptured that it is going to see a lot of choppiness. This is due to the fact that there [...]
Fundamental view: Bitcoin price movement showed a high at the $11600 mark on 15 October however, the increased volatility pulled the price back down in a flash crash. After the flash crash on the 16th of October, Bitcoin price fell to the $11240 mark, and despite a slight recovery, hit the lowest point of $11219 [...]
