Fundamental view: The Australian dollar has rallied a bit during the course of the trading week but within a relatively tight range and traded around 0.7260 level at the end of the week. Last week, Announcement from Prime Minister Scott Morrison after a national emergency cabinet meeting favored the Australian dollar. He announced a federal definition [...]
Fundamental view: US dollar rallied against the Japanese yen during the trading course of the week. The US policymakers are hopeful of reaching an agreement over the Build Back Better (BBB) whereas Japanese diplomats cheer record budget and show readiness to battle the pandemic. Elsewhere, Authorities from Japan have recently suggested further easy money policies [...]
Fundamental view: The British pound rallied against the greenback during the trading course of the week. The move behind that can be linked to the hopes of fewer hospitalizations due to Omicron variant and month, quarter, and year-end flow. The British pound also had a nice bounce due to the fact that the UK decided [...]
Fundamental view: The Euro initially fell in the week but then turned around and closed the week with a bullish candle. In the last week, European Central Bank Governing Council member Klaas Knot noted that the ECB could end its bond-buying program earlier than planned if inflation continues to surprise to the upside. Knot further [...]
