Fundamental view: The Australian dollar fell rather hard against dollar during the course of the trading week. The greenback was benefited from a poor market’s mood, as the coronavirus Delta variant kept storming the Northern Hemisphere, arising doubts about global economic progress. The central bank has decided to maintain its tapering plans by reducing its [...]
Fundamental view: US dollar showed a bullish trend against the Japanese yen this week. Japanese Prime Minister Yoshihide Suga, weak economic data and an extended pandemic emergency in much of the country were the reasons behind the yen weakness. It has to be noted that Mr. Suga had replaced Shinzo Abe last year who resigned [...]
Fundamental view: Pound traded low against the greenback this week. Prime Minister Boris Johnson’s made a proposal of12 billion sterling tax increase which is designed to help the National Health Service and might help the way for a change in policy from the Bank of England (BOE) Whereas the threat of the Covid-19 delta variant [...]
Fundamental view: The Euro gave up against the greenback this week and closed with a bearish candle. Lack of Macroeconomic events and the spread of the coronavirus Delta variant fueling concerns may be the reason for the concerns in the market making way for the fall of the pair. On Thursday, European Central Bank announced [...]
