Fundamental view: The XAU/USD pair started the week on a firm footing and climbed to a weekly high of $1,855 on Wednesday supported by the broad-based selling pressure surrounding the greenback. However, with the USD regaining its strength in the second half of the week, XAU/USD came under pressure but it closed with a bullish [...]
Fundamental view: The Pound has recovered against greenback in the past week. One in every five Brits has received at least one covid vaccine dose – double the rate than in the US and far above Europe. The immunization campaign continues at full force, but Prime Minister Boris Johnson has urged further patience. Still, forex traders tend to [...]
Fundamental view: The AUD/USD pair advanced for a second consecutive week, recovering from the 0.7700 threshold. The main reason was the generalized dollar weakness, amid tepid US employment data spiced with some dovish comments from US Federal Reserve head, Jerome Powell. The Fed president said that there’s a long way ahead to achieve full employment, [...]
Fundamental view: The US dollar has fell against the Japanese yen to break well below the ¥105 level, but then turned around to recapture it. Movement in the pair is tied to improvement in the US economy and Treasury rates. There has also been a minor revival of inflation concerns even though there is no [...]
