Fundamental view: The Australian dollar has rallied rather significantly during the course of the week but has given up some of the gains on Friday. For election, Joe Biden has 273 electors granted, which means he will become the next occupant of the White House. However, US President Donald Trump has sent to courts his allegations of [...]
Fundamental view: The Euro has exploded to the upside reaching towards the 1.19 level, last week. There are several resistances at this level like the fact that the US elections are still causing issues, and of course and lockdowns in the European Union. Further compounding this noise is the fact that the European Central Bank is [...]
Fundamental view: The British pound has initially pulled back just a bit during the trading sessions that make up the week, only to turn around and sliced through the 1.30 level. The question of who will be the next president remains in the front - The question remains open after long days of vote counting. However, Democratic nominee [...]
Fundamental view: During the last week there was US presidential elections, a FOMC meeting, and of course the Non-Farm Payroll numbers created negativity for the pair and the pair fell to 103 levels. Japan Final Manufacturing PMI on 2nd November and US Wards Total Vehicle Sales on 3rd November created a bearish trend for the [...]
