Fundamental view: GBP/USD has been seeing a rock and roll trend in response to US yields and Jeo Biden’s plan. The main development of the past week has been President Joe Biden's $2.25 trillion infrastructure plan. Treasuries fluctuated and caused jitters which allowed each currency to trade somewhat differently against it. For sterling, that was an [...]
Fundamental view: USD/JPY has a bullish rally in the past week. As the US yield engine continued to power the USD/JPY as the differential between Treasuries and Japanese Government Bonds almost guarantees flows into the American currency. An excellent March US payroll report also helped keep the USD/JPY stable at its high on Friday after continuous [...]
Fundamental view: The Euro has fallen a bit during the course of the week, reaching down towards the 1.17 level before bouncing on Thursday as traders closed out their positions heading into the Easter weekend. The dollar peaked on Wednesday, as US Treasury yields reached late on Tuesday a fresh over one-year highs, with the yield on [...]
Fundamental view: The Australian dollar has fallen significantly during the course of the week but also recovered as traders covered positions heading into the Easter weekend. Market Sentiment continues to lead the way, mainly centered on a US economic comeback, moreover after US President Joe Biden finally unveiled his investment proposal. In the past week, [...]
