Fundamental view: The early part of this week started off encouraging for Gold bulls. The yellow metal continued to push higher, riding a trendline that had built in December as buyers got back on the bid. This brought hope that bulls would be able to continue pushing prices higher but it snapped back aggressively on [...]
Fundamental view: The British pound initially tried to rally a bit during the course of the week but gave back the gains rather quickly as as the UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. US Democrats' win of the Senate sparked a mixed dollar reaction. Prime Minister Boris [...]
Fundamental view: The US dollar initially fell during the course of the week, but then turned around to show signs of strength. Demand for the American currency surged mid-week, amid hopes things will start falling into place this year. Coronavirus immunization through different vaccines lifts odds for an economic comeback in the second semester of [...]
Fundamental view: The EUR/USD pair kick-started 2021 reaching a fresh multi-year high, as optimism continued to undermine the greenback. The dollar got to recover some ground ahead of the weekly close, but retains its intrinsic long-term weakness, as it latest advance seems a mere correction. Coronavirus immunization through different approved vaccines has seen a bumpy [...]
