Fundamental view: The AUD/USD pair has recovered some ground these days, as the greenback remained out of the market’s favor. Little of interest happened in Australia last week. The most encouraging news came from the coronavirus front, as the country seems to have controlled the latest outbreak, reporting on average 20 new cases per day this week. [...]
The October month shock is here - US President Donald Trump and the first lady tested positive for corona virus Thursday. Trump tweeted that he and his wife Melania would begin their "recovery process immediately" and "get through this together." Minutes after Trump tweeted his positive test result, the White House physician said the president [...]
According to Japan's Manufacturing PMI, September data indicated that the Japanese manufacturing sector moved another step closer to stabilization, helped by the slowest fall in new orders since January. At the same time, hopes of a longer-term recovery in production volumes strengthened, with growth expectations for the year ahead rising to the highest since May [...]
Euro zone economic sentiment improved more than expected in September, data showed on Tuesday, mainly thanks to a rise in optimism in the services sector despite concerns about a second wave of the COVID-19 pandemic. The European Commission's monthly survey showed sentiment in the 19 countries sharing the euro rising to 91.1 points this month [...]
