Fundamental view: Aussie showed a mixed trend for the past week. US Empire State Manufacturing Index on 17th Aug and US Crude Oil Inventories on 19th Aug framed bullish trend for the pair whereas US Building Permits, Housing Starts on 18th Aug and Australia Flash Manufacturing PMI on 21st Aug set a bearish environment for [...]
Fundamental view: The latest update that ‘Crypto-exchanges have to comply with SEC rules’ makes crypto weaker against the recovering dollar in the past week. The optimism among the investors for the dollar makes Bitcoin to fall and we expect it to continue in the upcoming week. The major economic events deciding the movement of the [...]
Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but it made a bounce back at the end of the week. The recent update that China’s ministry of commerce has announced the initial launch of the country’s digital currency in selected cities. The cities that have been selected [...]
Fundamental view: The British pound pulled back a bit in the week initially and bounced back to form a bullish rally. US JOLTS Job Openings on 11th Aug and US Core PPI monthly report on 11th Aug created a bearish trend for the pair whereas Unemployment Rate on 11th Aug and Prelim GDP quarterly report [...]
