Fundamental view: Last week the Euro followed bullish rally until Non-Farm Payroll announcement came out on Friday which changed the trend drastically. US Final Manufacturing PMI on 3rd Aug, US ISM Non-Manufacturing PMI on 5th Aug, and USD Non-Farm Employment Change 7th Aug created a bearish environment for the pair whereas Italian Industrial Production monthly [...]
Fundamental view: Bitcoin within the dominant bullish trend and resume the upside move after a short-period of range-bound trading in the beginning of the week. Bitcoin's on-chain stats continued to improve as the price increased. Bitcoin often referred to as digital gold, attracts investors' attention due to its anti-inflationary features and a decentralized nature, which makes [...]
Fundamental view: US Unemployment Claims on 6th Aug, US ADP Non-Farm Employment Change on 5th Aug, US Average Hourly Earnings monthly report on 7th created a bearish move for the pair whereas US Final Manufacturing PMI on 3rd Aug, Britain Construction PMI on 6th Aug, US Final Wholesale Inventories monthly report on 7th Aug favored [...]
Fundamental view: Unemployment Rate on 6th Aug, US Non-Farm Employment Change, Unemployment Rate on 7th Aug created bearish move whereas Australia AIG Manufacturing Index on 3rd Aug, Australia Retail Sales monthly report and US ADP Non-Farm Employment Change on 5th Aug favored bullish environment for the pair The pressure on dollar last week due to [...]
