Fundamental view: The AUD/USD pair has made little progress this week as investors struggled to maintain the optimism alive. Australia reported on Thursday a week without new coronavirus contagions, although a foreign visitor tested positive on Friday. The country reported a total of 28,755 contagions since the pandemic started, and 909 deaths linked to the virus. [...]
Fundamental view: The Euro has rallied significantly during the course of the week. A scarce macroeconomic calendar, uneventful central banks and corona virus-related concerns offset hopes that vaccine immunization will soon put an end to the pandemic and let economies return to the growth path. In the meantime, The US Federal Reserve is having a monetary policy meeting [...]
Fundamental view: The Australian dollar has gone back and forth during the course of last week ending with a bearish candle. The basic logic for the AUD/USD is that of the commodity complex in anticipation of a global recovery as the pandemic relents. That scenario still holds as the final arbiter for 2021 despite the [...]
Fundamental view: Euro fell against greenback in the past week. The US currency received an initial support from the Federal Reserve. Officials did not agree that they intend to taper their bond-buying scheme – but merely talking about rosier forecasts supported yields and the greenback. Jerome Powell, Chairman of the Federal Reserve, seemed to put an end [...]
