Fundamental view: Gold markets initially tried to rally during the course of the week but continue to see trouble at the $2000 level, which of course is a large, round, psychologically significant figure. The Fed was expected to become more accommodative over the next few months, but if the labor recovery continues, we might see slightly less stimulus [...]
Fundamental view: The Euro has initially tried to break above the 1.20 level, but then rolled over to show signs of weakness. The week has been very volatile, but when you look at the longer-term trend, it does make sense that we need to consolidate in this area. Europe German Prelim monthly report on 31st August, Europe PPI [...]
Fundamental view: The Australian dollar has rallied rather significantly during the course of the week, especially on Friday as the US dollar is getting absolutely pummeled. US HPI monthly report and US Crude Oil Inventories on 26th August created bearish environment for the pair whereas Australia Private Capital Expenditure quarterly report on 27th August and Wholesale Inventories [...]
Fundamental view: The Euro struggled and managed to rise higher against dollar, it climbed to 1.19 again in the past week. NBB Business Climate & US HPI monthly report on 25th August and US Prelim GDP quarterly report, Pending Home Sales on 26th August favored downtrend for the pair whereas Europe German Final GDP quarterly [...]
