Fundamental view: The Australian dollar has fallen a bit during the initial week but later managed to overcome against greenback afterwards. A trough-to-peak rise of 38% is impressive for most stocks – and a rarity in currency markets, yet that is what happened to AUD/USD in 2021. Australia’s success against COVID-19, Chinese demand and central bank action are behind [...]
Fundamental view: Gold prices rose on Thursday backed by a weaker dollar ahead of a widely expected Brexit trade deal, with uncertainties around a new variant of the coronavirus overshadowing vaccine optimism. A combination of a weaker dollar, negative real rates and low yields along with uncertainties around the new strain of coronavirus is helping [...]
Fundamental view: The Euro went back and forth during the course of the week, as it looks like it is a bit overextended. Furthermore, the United States is very possibly going to have an even bigger stimulus package than previously agreed upon, so that could also lift the Euro. Europe Consumer Confidence on 21st Dec and Europe [...]
Fundamental view: US dollar seemed to be stronger against the yen in the previous week. US dollar is heavily weighed upon by the stimulus situation in America, which seems to be getting more aggressive as Donald Trump is demanding even more stimulus for Americans. US New Home Sales on 23rd Dec and Japan Housing Starts [...]
