Fundamental view: The EUR/USD pair put a halt to its advance and closed the week in the red, around the 1.1700 figure. The decline was the result of a dismal market’s mood, fueled by different pandemic-related developments. There are high chances that the ongoing risk-averse scenario extends next week, as the issues continue to escalate. [...]
Fundamental view: Pound has been weaker against the greenback in the previous week. Brexit and US fiscal stimulus talk has left GBP/USD marginally lower in a week full of contradictory reports. Corona virus and elections are the major catalysts that will impact the pair in the upcoming week. Britain BRC Retail Sales on 13th October [...]
Fundamental view: The Australian dollar initially fell during the course of the week but seems as if it found a way to go higher towards the end of the week. Earlier in the week, the RBA announced that it left its policy rate unchanged at 0.25% as expected. In its policy statement, the Australian central bank noted that [...]
Fundamental view: British pound initially fell during the week but then turned around to show signs of strength again. Early in the week, US President Donald Trump left the hospital as he recovers from his COVID-19 episode, and abruptly cut off talks with Democrats. However, sinking stocks and tumbling poll figures probably convince the commander-in-chief to change tack, which [...]
