Fundamental view: USD/JPY showed a mixed trend for the last week. Greenback lost its strength against Yen. The major news for this is the diagnosis of President Trump and First Lady Melania with COVID-19 on Friday. Japan Tankan Manufacturing Index on 1st Oct and US Unemployment Rate on 2nd Oct favored uptrend for the pair [...]
Fundamental view: The AUD/USD pair has recovered some ground these days, as the greenback remained out of the market’s favor. Little of interest happened in Australia last week. The most encouraging news came from the coronavirus front, as the country seems to have controlled the latest outbreak, reporting on average 20 new cases per day this week. [...]
Fundamental view: Gold bears are taking a hiatus amid the US dollar's pullback. The yellow metal witnessed weakness against dollar in the last week. Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we have seen the last week Amidst the greenback gaining strength, the [...]
Fundamental view: Sterling has lost all of its summer bounce and is threatening to break back into its immediate post-pandemic range. Several factors have withered the appeal of the UK currency but the primary cause has been the risk-avoidance resurgence of the US dollar as the continuing economic impact of COVID-19 makes the August and [...]
