Fundamental view: The British pound has gotten hit rather hard during the week, after trying to be somewhat optimistic. Meeting between Boris and Ursula has produced nothing. No deal at dinner but perhaps over the weekend? A nerve-wracking week concludes with growing fears Brexit talks could collapse. Apart from the all-important deliberations, rate decisions on both sides of the [...]
Fundamental view: Australian dollar has rallied significantly during the week. The United States is currently debating a stimulus package, which is normally bad for the US dollar and of course good for commodities which the Aussie dollar represents and this favored the Aussie in the last week. In the past week, US Revised Nonfarm Productivity [...]
Fundamental view: The US dollar has gone back and forth against the Japanese yen. Federal Reserve is flooding the market with dollars so it is possible to see this pair drop. But the market’s mood is mixed as participants are still trying to find equilibrium from fundamental headlines. The pair’s bounce has little to do with the [...]
Fundamental view: Bitcoin has been one of the best assets this year despite the coronavirus pandemic. After hitting a low of $4,000 on many exchanges in March, the flagship cryptocurrency is currently trading at $19,000 and aiming for new all-time highs. Bitcoin's move to the new all-time high was followed by massive profit-taking triggered a [...]
