Fundamental view: Positive economic data out of the United States appears to have been the primary driver behind the USD/JPY exchange rate’s recent recovery from the July low, as investors mull the lack of progress in fiscal stimulus talks between Republicans and Democrats. Current Account on 11th August, Japan PPI yearly report on 13th August created [...]
Fundamental view: The Euro initially fell in the week initially but managed to overcome and formed a slightly bullish candle first and a bullish rally continued till the week. US Unemployment Claims bearish moment on 13th August created a bearish atmosphere for the pair whereas US JOLTS Job Openings on 10th August, Europe ZEW Economic [...]
Fundamental view: Gold fell in the last week as optimism among investors developed for the greenback. Positive economic data out of the United States put pressure on the instrument last week. The two biggest unknowns for next week is the U.S. fiscal package, which is still nowhere close to being passed, and the U.S.-China trade [...]
Fundamental view: Aussie showed a mixed trend for the past week. Investors were less interested in the greenback, affected by the lack of progress in Congress related to a stimulus aid package and tensions with China. Both issues moved to the background these last few days pressurizing Aussie. However ban on Tiktok at the end [...]
