Fundamental view: Japan Prelim GDP quarterly report, Final Manufacturing PMI on 3rd Aug and favored bearish environment for the pair whereas US Final Manufacturing PMI, Construction Spending monthly report on 3rd Aug, Construction Spending monthly report on 3rd Aug and US Unemployment Claims on 6th Aug created a bullish move US Non-Farm Employment Change released [...]
Fundamental view: This week the gold price had been climbing. This week the PMI numbers also impressed, on Monday the ISM Manufacturing PMI for July came in at 54.2 vs expectations of 53.6. Then later on in the week, ISM Non-Manufacturing PMI for the same month beat consensus estimates of 55.0 and hit 58.1. Obviously things are not [...]
Fundamental view: US Durable Goods Orders monthly report on 27th, Australia Trimmed Mean CPI quarterly report on 28th and US Goods Trade Balance on 29th created a bearish move for the pair whereas US S&P/CS Composite-20 HPI yearly report on 28th and Australia Import Prices quarterly report on 29th made a bullish move for the [...]
Fundamental view: Fed Announcement at Jul 28 and US CB Consumer Confidence at Jul 28 and EU Prelim Flash GDP at Jul 31 pushed for a bearish trend for the pair whereas German Buba Monthly Report at Jul 27 and US Advance GDP quarterly report at Jul 30 supported Euro and created a bullish trend [...]
