Fundamental view: The Euro broke higher during the course of the week, slicing through the 1.21 level, a level that was last seen in April 2018. Market players had loads to digest this week, starting with a quite encouraging factor. On Tuesday, a group of US bipartisan lawmakers offered a new $908 billion COVID-19 relief package. Talks [...]
Fundamental view: After starting the week on the back foot and printing fresh multi-month lows, the XAU/USD pair reversed its direction and snapped a three-week losing streak. Fueled by the broad-based USD weakness, the pair gained more than 2.5% on a weekly basis. The last nonfarm payroll report of the year was quickly shrugged off as softness [...]
Fundamental view: The AUD/USD pair has extended its 2020 rally to 0.7449 this week, ending it a handful of pips below it. The Australian dollar has been steadily but painfully advancing against its American rival, and the main reason behind it seems to be the tepid tone of equities. Good news flooded Australia this week, as [...]
Fundamental view: The British pound has made a rally against greenback in the past week. The vaccine approval and hopes for US fiscal stimulus were decidedly positive, and all three themes will likely dominate the scene again, with UK growth and US consumer statistics having their time in the sun as well. Also Traders are essentially [...]
