Fundamental view: The selling pressure around greenback lead to the rise of the yellow metal in the last week. Gold saw immediate gains following Powell's speech at the Jackson Hole Economic Policy Symposium. Powell sounded more cautious than other Fed officials when talking about tapering, stating that the central bank could start reducing its $120 [...]
Fundamental view: The Australian dollar has rallied a bit against the greenback during the course of the trading week. In US, Fed Chair Jerome Powell's which was much anticipated speech at the bank's annual Jackson Hole symposium on Friday disappointed rate hawks hoping for an immediate change in policy which lead to the fall of [...]
Fundamental view: USD/JPY has shown a bullish trend last week. Even tough the US dollar was weak, it portrayed a uptrend against the struggling yen.Dallas Fed President Robert Kaplan showed readiness on considering tapering the bank's $120 billion/month bond-buying scheme as a response to the Delta COVID-19 variant and Bank announced that t its Jackson [...]
Fundamental view: Pound has shown an uptrend against the greenback. Two main reasons behind the greenback downtrend are the signals from the Federal Reserve. Firstly Dallas Fed President Robert Kaplan showed readiness on considering tapering the bank's $120 billion/month bond-buying scheme as a response to the Delta COVID-19 variant. And next is the bank announcement [...]
