Fundamental view: Fed Chair Powell Testifies of the last week at 30th June 2020, Unemployment rate and President Trump Speaks at 2nd July 2020 acted as a catalyst for the uptrend move for dollar and boosted bearish move for the pair in the last week. The major economic events deciding the movement of the pair [...]
Fundamental view: Non-Farm Employment Change at 1st July as a catalyst for the downtrend move for dollar and FOMC Member Williams Speaks of the last week at 30th June 2020 created a favorable atmosphere for USD and a bearish trend was reflected for the pair in the previous week. Investor’s remain hopeful on the economic [...]
Fundamental view: Consumer Confidence of US at 1st July 2020 created a bearish move for the pair whereas Unemployment rate and President Trump Speaks at 2nd July 2020 acted as a catalyst for the uptrend move for dollar and boosted bullish move for the pair. Japan’s manufacturing PMI report is favourable for yen but the [...]
As per the Retail Sales monthly report, The seasonally adjusted estimate rose 16.9% in May 2020. This is followed a fall of 17.7% in April, and a rise of 8.5% in March 2020. The following industries rose in seasonally adjusted terms in May 2020: Clothing, footwear and personal accessory retailing (129.2%), Food retailing (7.2%), Household [...]
