Fundamental view: US New Home Sales at 24th July created a bearish trend whereas Australia RBA Gov Lowe Speech at 21st July, Australia Retail Sales monthly report at 22nd July, US Unemployment Claims at 23rd July, Australia Flash Manufacturing PMI at 23rd July created bullish trend for the pair. Optimistic speech of RBA Deputy Gov [...]
Fundamental view: US President Trump Speech at July 21st and CBI Industrial Order Expectations at July 23 put pressure on the pair last week gave a downward trend whereas Great Britain Public Sector Net Borrowing at July 21st and US Crude Oil Inventories at July 22nd impacted the pair positively and formed a bullish trend. [...]
Fundamental view: In the past week, Federal Budget deficit printed new record amount and Fed officials were increasingly doubtful about the sustainability of the economic recovery which decreased the dollar value whereas Gold moved upwards due to future inflation thus XAU/USD showed a bullish trend in the past week. Central banks around the world continue [...]
Fundamental view: Japan Monetary Policy Statement at Jul 15 supported yen and henceforth created bearish move for the pair whereas Unfavorable Japan Tertiary Industry Activity monthly report at Jul 13 and Philly Fed Manufacturing Index at Jul 16 acted as a catalyst for the uptrend of the pair. Reports like Revised Industrial Production of previous [...]
