Fundamental view: Gold fell in the last week as optimism among investors developed for the greenback. Positive economic data out of the United States put pressure on the instrument last week. The two biggest unknowns for next week is the U.S. fiscal package, which is still nowhere close to being passed, and the U.S.-China trade [...]
Fundamental view: Aussie showed a mixed trend for the past week. Investors were less interested in the greenback, affected by the lack of progress in Congress related to a stimulus aid package and tensions with China. Both issues moved to the background these last few days pressurizing Aussie. However ban on Tiktok at the end [...]
In US, First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the corona virus pandemic. The total claims of 963,000 for the week ended Aug. 8 were well below the estimate of 1.1 million. [...]
UK house prices turn in to positive territory for the first time since March. Across the UK in aggregate, a net balance of 12 percent of respondents to the Royal Institution of Chartered Surveyors’ monthly survey reported an increase in house prices during July. This was a noticeable turnaround from minus 13 percent in June, [...]
