AUD/USD Weekly Forecast (03rd August 2020 – 07th August 2020)

Fundamental view: US Durable Goods Orders monthly report on 27th, Australia Trimmed Mean CPI quarterly report on 28th and US Goods Trade Balance on 29th created a bearish move for the pair whereas US S&P/CS Composite-20 HPI yearly report on 28th and Australia Import Prices quarterly report on 29th made a bullish move for the [...]

EUR/USD Weekly Forecast (03rd August 2020 – 07th August 2020)

Fundamental view: Fed Announcement at Jul 28 and US CB Consumer Confidence at Jul 28 and EU Prelim Flash GDP at Jul 31 pushed for a bearish trend for the pair whereas German Buba Monthly Report at Jul 27 and US Advance GDP quarterly report at Jul 30 supported Euro and created a bullish trend [...]

XAU/USD Weekly Forecast (03rd August 2020 – 07th August 2020)

Fundamental view: In the last week, Increased tensions between US and China, Historic EU deal supported gold. Fed's open door to doing more implies further dollar weakness. Number of new Covid-19 cases weakens dollar and Gold saw the benefit from that. U.S. data showed the deepest economic contraction leading to a bullish move. We expect the [...]