Fundamental view: The US dollar has gone back and forth during the trading sessions that make up the week against the Japanese yen, as the ¥105 level continues to be resistance, but at the same time the ¥104 level has been rather supportive. Japanese statistics showed that the economy has not recovered from the global slump of [...]
Fundamental view: Aussie fell in the last week and reached 0.70 level. The Australian dollar felt the heat of resurgent coronavirus cases in Europe and US, despite Australia managed to control the latest outbreak. Australian “victory” on COVID-19 is nothing to cheer. After over 110 days of lockdown in Victoria, the area reported no new [...]
Fundamental view: The pair managed first but later fell by Wednesday. The once and future US stimulus package is the market intervention of the month. As the Republicans and Democrats tried to wring as much electoral advantage from negotiations, hopeful statements for a deal from Democratic House Speaker Nancy Pelosi and President Donald Trump on Wednesday [...]
Fundamental view: The Australian dollar has been back and forth during the course of the week, showing signs of confusion to say the least. The Australian dollar got hit by the Reserve Bank of Australia Minutes, as the document paved the way for a cash rate cut to a fresh record low of 0.1%. The strength of [...]
