Fundamental view: This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. Bitcoin showed a mixed trend in the last week. Jack Dorsey, [...]
Fundamental view: The Australian dollar has gone back and forth over the last couple of weeks, and at this point in time it is likely that the market will continue to see a lot of back and forth in this general vicinity due to the fact that it has rallied. Australia Employment Change, Unemployment Rate on 17th [...]
Fundamental view: The pair showed a mixed trend last week as US and Japanese economic and central bank developments failed to provide direction or incentive for movement. Japanese statistics showed some improvement in the August measures but were far short of a robust recovery. NFIB Small Business Index on 8th Sept and US Core CPI monthly [...]
Fundamental view: Aussie showed a mixed trend for the past week. US Consumer Credit monthly report on 9th Sept helped uptrend for the pair whereas US Core PPI monthly report on 10th Sept and US NFIB Small Business Index on 8th Sept helped downtrend for the pair. The Australian Dollar will be closely watching the [...]
