Fundamental view: The USD/Yen closed higher last week, but the gains were skewed by last Monday’s huge rally in reaction to the news that Pfizer had developed a COVID-19 vaccine with 90% efficiency. After that initial thrust, the Forex pair spent most of the week trading sideways to lower. The dollar headed for its best [...]
Fundamental view: Gold futures settled sharply lower last week with most of the losses taking place in one session, while the rest of the week, the market attempted to claw back these losses. Pfizer and BioNTech reported a 90% efficacy rate in their COVID-19 vaccine candidate. While the results are preliminary, the outcome seems promising [...]
Fundamental view: Bitcoin rose in the last week an reached 15700 level. According to crypto analytics platform Messari, Bitcoin has now spent more than 20 days above the $15,000 barrier. Now U.S. presidential candidate Joe Biden is six electoral votes away from victory, with officials continuing to count ballots in Georgia, Pennsylvania, North Carolina, Arizona, and Nevada. [...]
Fundamental view: Gold started the week on a strong footing and preserved its bullish momentum with the USD struggling to find demand throughout the week. With the early results from exit polls showing that US President Donald Trump was performing much better in the presidential race than what the polls suggested allowed USD to gather [...]
