Fundamental view: Aussie traded low against the greenback in this week. The Australian currency fell following the news from the Evergrande. Evergrande, a Chinese property giant, could default on $305 billion which could disrupting the country’s financial stability. Concerns were extended throughout the first half of the week but later eased on Thursday on market [...]
Fundamental view: The US dollar initially fell but later in the week turned around and showed strength against the yen. The US dollar was supported by the Fed Chair Jerome Powell’s surprisingly aggressive prognosis on the taper and by the bank’s own forecast for a fed funds rate hike next year. China Evergrande crisis has [...]
Fundamental view: British pound tried to rally initially but later fell during the course of the trading week. In this week, Two meetings indicated that the Bank of England (BOE) and the Fed are moving to cutdown and then end with their extraordinary bond purchases. These programs have kept sovereign and commercial interest rates near [...]
Fundamental view: Euro has lost some ground against the greenback this week. This week started with the news of Ever Grande crisis the largest Chinese property. Evergrande, was at risk of default, which could result in a disruption of the entire country’s financial system. Meanwhile, The US Federal Reserve had a monetary policy meeting and [...]
