Fundamental view: The recent update that Chinese and Russian effort to change the global reserve currency and the fact that Federal Budget deficit prints new record amount pressurizes the Safe haven asset whereas The U.S. Office of the Comptroller of the Currency (OCC) has opened the door for federal savings associations and national savings banks [...]
Fundamental view: The recent update that Governments will issue their own digital currencies and regulatory future remaining difficult for digital coins made Bitcoin to lose its value against USD and The recent incident of twitter account hacking of high-profile accounts such as those of former president Barack Obama, Tesla CEO Elon Musk, Bill Gates, Warren [...]
Fundamental view: USD ISM Non-Manufacturing PMI at 6th July and US Unemployment Claims at 9th July favored USD and created bearish trend for the pair whereas as IBD/TIPP Economic Optimism at 7th July and US Crude Oil Inventories at 8th July acted as a catalyst for the downtrend move for dollar and boosted Bullish move [...]
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 [...]
