Fundamental view: The US dollar has rallied again against the Japanese yen. The interest rate differential between the United States and Japan, is the main driver of this market. Non-Farm Payroll numbers coming out, and that of course can cause a lot of noise in this pair. US ISM Manufacturing Prices Paid on 1st March and Japan [...]
Fundamental view: The Euro fell to the fresh 2021 low of 1.1890 this week. The dollar was supported across the board following comments from the head of US Federal Reserve Jerome Powell. In interview on Thursday, Powell repeated that the outlook is becoming more positive but remarked that “sustained” progress toward the Fed goals on [...]
Fundamental view: The British pound rallied against the greenback in the previous week but then pulled back to reach a level of 1.3750 level. Dollar was supported with the Higher yields, with every move in US ten-year yields rocking the greenback. The world's reserve currency advanced each time the global benchmark jumped above 1.5% and retreated [...]
Fundamental view: Gold markets initially tried to rally during the initial of the week but later fell to form a bearish candle. Gold is pressured in part by some upbeat U.S. economic data. Gold prices hit a nine-month low this week. Rising government bond yields this week and a higher U.S. dollar index are also [...]
