Fundamental view: Bitcoin within the dominant bullish trend and resume the upside move after a short-period of range-bound trading in the beginning of the week. Bitcoin's on-chain stats continued to improve as the price increased. Bitcoin often referred to as digital gold, attracts investors' attention due to its anti-inflationary features and a decentralized nature, which makes [...]
Fundamental view: US Unemployment Claims on 6th Aug, US ADP Non-Farm Employment Change on 5th Aug, US Average Hourly Earnings monthly report on 7th created a bearish move for the pair whereas US Final Manufacturing PMI on 3rd Aug, Britain Construction PMI on 6th Aug, US Final Wholesale Inventories monthly report on 7th Aug favored [...]
Fundamental view: Unemployment Rate on 6th Aug, US Non-Farm Employment Change, Unemployment Rate on 7th Aug created bearish move whereas Australia AIG Manufacturing Index on 3rd Aug, Australia Retail Sales monthly report and US ADP Non-Farm Employment Change on 5th Aug favored bullish environment for the pair The pressure on dollar last week due to [...]
Fundamental view: Japan Prelim GDP quarterly report, Final Manufacturing PMI on 3rd Aug and favored bearish environment for the pair whereas US Final Manufacturing PMI, Construction Spending monthly report on 3rd Aug, Construction Spending monthly report on 3rd Aug and US Unemployment Claims on 6th Aug created a bullish move US Non-Farm Employment Change released [...]
