Fundamental view: The Euro has rallied a bit during the course of the week. The Geopolitical tensions in Afghanistan and the comments from US Federal Reserve Robert Kaplan who said that September is the time to outline tapering and start it in October, were behind the fall of US dollar. James Bullard, another member of [...]
The price of gold was strong today as investors waited for Chief Minister Jerome Powell's speech at the Jackson Hole Symposium later, After some US Federal Reserve officials called for a bond purchase. It has recorded some slight gains from previous session. Yesterday the Federal Reserve's hawk policy analysts considered the central bank's bond purchases [...]
Aussie is on the back foot upon Aussie CAPEX smashes as well as virus concerns weighing on the quote. Australia’s second-quarter CAPEX survey has been released and beats expectations by a mile. Australia Q2 New Capital Expenditure +4.4 pct QoQ s/adj (Reuters poll +2.5 pct). Australia Q2 Building CAPEX +4.6 pct QoQ, s/adj. Australia Q2 [...]
Today Bank of Japan board member Toyoaki Nakamura warned of the risks to the economic outlook posed by the recent rise in the Covid-19 pandemic, but expressed hope that consumption would increase once homes felt safe to spend. Nakamura said the world’s third-largest economy would recover as the impact of the pandemic fades, encouraging growth [...]
