Fundamental view: The EUR/USD pair put a halt to its advance and closed the week in the red, around the 1.1700 figure. The decline was the result of a dismal market’s mood, fueled by different pandemic-related developments. There are high chances that the ongoing risk-averse scenario extends next week, as the issues continue to escalate. [...]
Fundamental view: The pair rallied significantly during the week, as traders are looking for that cheap money coming out of the Federal Reserve or perhaps stimulus from Congress. The president's corona virus episode gripped global headlines. After receiving strong medications and spending three days in the hospital, Trump returned triumphantly to the White House and [...]
Fundamental view: The Euro has rallied during the course of the week to slam into the previous uptrend line but have given back quite a bit of the gains. The main market motor these days was the risk-related sentiment, centred around a US stimulus bill and a post-Brexit trade deal. The cherry on the cake was the announcement this [...]
Fundamental view: The Market has set its mind in the previous week and the greenback stands powerful against EUR. Federal hawkish Comments supported dollar whereas the second wave of virus Europe pressurizes EUR against USD. US Core Durable Goods Orders on 25th Sept showed bullish trend whereas US Richmond Manufacturing Index on 22nd Sept and [...]
