Fundamental view: The US dollar showed a bullish trend against the yen during the trading course of the week. The pair seemed to react to the bond taper despite of the huge miss in the US September Nonfarm Payrolls. The US economy has made a gain of just 194,000 jobs in September which is far worse [...]
Fundamental view: Pound showed a uptrend against the US dollar in this week. The US economy has made a gain of just 194,000 jobs in September which is far worse than expectation of 500K. Despite, upward revisions and soft gains in leisure and hospitality – related to the spread of the Delta covid variant made [...]
Fundamental view: The Euro has fell against greenback in this week reaching to a fresh low of 1.1528 as the world struggles to overcome the pandemic. Resuming of the economic activity has faced hurdles and supply chain disruptions since the recovery is very uneven across the globe. The soon to come tapering has benefited the US [...]
Gold prices moved up and down today against greenback and prices have consolidated within a range this week. The yellow metal has been sidelined as energy commodities roared and inflation fears fueled the US Dollar higher. Today it was stuck in a narrow range, as investors sought more direction from the U.S. non-farm payrolls report, [...]
