Fundamental view: Japan installed a new prime minister and the Federal Reserve stretched its zero rate prediction to the end of 2023 which made the pair to rally downwards in the last week. Japan Revised Industrial Production on 14th September, Japan Trade Balance on 16th September and Building Permits on 17th September created downtrend for the pair [...]
Fundamental view: Gold has been consolidating heavily over the last month and this week's Fed meeting did not inspire a breakout in either direction. "Barring short-term corrections, negative real yields and a weaker dollar, alongside the unprecedented stimulus, create a favourable macro environment for gold and are likely to be the key price drivers over [...]
Fundamental view: The Euro went back and forth during the course of the week, showing signs of indecision. Several central banks had monetary policy meetings these days, the US Federal Reserve included but were far from being shining stars. In fact, the impact of the pandemic on economies, and the uncertainty on what’s to come in that front, have [...]
Fundamental view: The British pound has rallied significantly during the course of the week, reaching towards the 1.30 level above. That is a large, round, psychologically significant figure and of course that is something that will catch a lot of attention. Britain Claimant Count Change, Average Earnings Index on 15th September, US TIC Long-Term Purchases on 17th September [...]
