Fundamental view: The US dollar has rallied a bit during the week to reach towards the ¥105 level. However, the market has pulled back significantly from there, which shows a strong downtrend. The waning psychological impact of the pandemic is evident in the frequent market responses to US economic data and positive COVID-19 news. However, the barrier to a [...]
Fundamental view: Bitcoin fell in the last week but will show a positive trend in the coming week. Bitcoin seems to be getting a lot more attention from institutional investors than the retail sector. The quantitative easing policies being implemented worldwide to contain the impact of the pandemic could be one of the main reasons [...]
Fundamental view: Aussie showed a mixed trend for the past week. A tough lockdown was imposed in South Australia, although it was lifted sooner than expected after contact tracers found out that one infected person deliberately lied about his exposure and contact with others. South Australia state Premier Steven Marshall explained the situation in a [...]
Fundamental view: Gold markets have pulled back during the course of the week The upbeat Industrial Production and Retail Sales data from China revived hopes for a steady global economic recovery and provided a boost to market sentiment at the start of the week. Additionally, Moderna announced that its coronavirus vaccine candidate was 94.5% effective [...]
