Fundamental view: The recent update that Governments will issue their own digital currencies and regulatory future remaining difficult for digital coins made Bitcoin to lose its value against USD and The recent incident of twitter account hacking of high-profile accounts such as those of former president Barack Obama, Tesla CEO Elon Musk, Bill Gates, Warren [...]
Fundamental view: US Federal Budget Balance at July 13 and US Industrial Production monthly report at July 15 created a bearish move for the pair whereas NAB Business Confidence at July 14 supported AUD and US Unemployment Claims at 16th June acted as a catalyst for the downtrend move for dollar and boosted bullish move [...]
Fundamental view: FOMC Member Williams Speaks at Jul 16 acted as a catalyst for bearish move of the pair whereas ZEW Economic Sentiment at Jul 14 and Final Core CPI yearly report at Jul 17 framed a bullish move for the pair .The rising cases of Covid 19 cases in US has created a fear [...]
Fundamental view: UK BOE Gov Bailey Speaks at Jul 13 and July 17 supported Pound and lead to uptrend of the pair whereas FOMC Member Harker Speech at Jul 15 and FOMC Member Williams Speech at Jul 16 strengthened greenback and acted as a catalyst for the downtrend of the pair. Outcomes of monthly reports [...]
