Fundamental view: The pair showed a mixed trend last week as US and Japanese economic and central bank developments failed to provide direction or incentive for movement. Japanese statistics showed some improvement in the August measures but were far short of a robust recovery. NFIB Small Business Index on 8th Sept and US Core CPI monthly [...]
Fundamental view: Aussie showed a mixed trend for the past week. US Consumer Credit monthly report on 9th Sept helped uptrend for the pair whereas US Core PPI monthly report on 10th Sept and US NFIB Small Business Index on 8th Sept helped downtrend for the pair. The Australian Dollar will be closely watching the [...]
Fundamental view: Gold markets have pulled back a bit during the trading week, only to show signs of strength again just above the $1900 level. As the US dollar is trying to recover we expect the instrument to be bearish in the upcoming week. Analysts note that rising inflation pressures continue to put pressure on real yields, [...]
Fundamental view: Bitcoin fell in the beginning of the week later managed to tacked the strength of greenback. “The aggressive unwind of crowded positioning related to DeFi assets” could have contributed to the decline. However, other factors like whales taking profit, miners selling off their stashes, and a major South Korean exchange Bithumb reportedly being [...]
