Fundamental view: A stronger-than-expected U.S. retail sales report lifted appetite for riskier assets, but factory production unexpectedly fell in September and Republicans seemed unlikely to agree on a U.S. stimulus deal before Election Day even as coronavirus cases continue to rise and a labour market recovery stalls. which has risen about 25% so far this [...]
Fundamental view: The EUR/USD pair put a halt to its advance and closed the week in the red, around the 1.1700 figure. The decline was the result of a dismal market’s mood, fueled by different pandemic-related developments. There are high chances that the ongoing risk-averse scenario extends next week, as the issues continue to escalate. [...]
Fundamental view: Pound has been weaker against the greenback in the previous week. Brexit and US fiscal stimulus talk has left GBP/USD marginally lower in a week full of contradictory reports. Corona virus and elections are the major catalysts that will impact the pair in the upcoming week. Britain BRC Retail Sales on 13th October [...]
US dollar seems to be somewhat strong in the prevailing environment of growing uncertainty about US fiscal stimulus and the potential for a breakdown in Brexit talks. Surge in the COVID 19 cases in Eurozone also weighs on the market sentiment and US consumption data are eyed ahead of the weekend. President Donald Donald Trump [...]
