Fundamental view: The yellow metal traded high against the US dollar with skyrocketing on the last day of the trading week. Gold was trading to the upside during the initial 3 days of the week taking advantage of weak dollar but on Thursday it tumbled due to the US dollar gaining strength with stronger than [...]
Fundamental view: The Australian dollar traded high against the American dollar during the trading course of this week, despite of the broad US dollar strength. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and the jump was the highest level since February 1982. This led to the [...]
Fundamental view: US dollar managed to trade high against its yen counterpart. The stronger than expected inflation figure and the hawkish comments from the Fed policymakers helped the US dollar this week. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and the jump was the highest [...]
Fundamental view: The UK Pound traded high against the US dollar this week, despite the US dollar strength. The UK pound still remains benefited from the hawkish BoE interest rate decision of last week. The US Bureau of Economic Analysis reported on Thursday that annual inflation, as measured by the Consumer Price Index (CPI) had [...]
