Fundamental view: Investors once again believe gold is a safe-haven trade. Overnight, gold prices surged after President Donald Trump and first lady Melania Trump tested positive for coronavirus. After a steady rally this week, gold is now comfortably above the $1,900 level. There is a lot of confusion in the marketplace after positive test of [...]
Fundamental view: The Euro has rallied during the course of the week to slam into the previous uptrend line but have given back quite a bit of the gains. The main market motor these days was the risk-related sentiment, centred around a US stimulus bill and a post-Brexit trade deal. The cherry on the cake was the announcement this [...]
Fundamental view: Optimism on Brexit with pessimism on fiscal talks – or the other way around – is what moved GBP/USD, and will likely continue moving forward. PM Johnson's critical weekend phone call, the Fed minutes, UK GDP, and US politics are all eyed. Net Lending to Individuals monthly report on 29th Sept, Britain BRC [...]
Fundamental view: Bitcoin (BTC), the pioneer cryptocurrency, dropped last week reaching a level of $1500 this week. The US authorities filed several charges against the cryptocurrency derivatives exchange BitMEX and its top executives, including Arthur Hayes. In a joined statement, the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) accused the team [...]
