Fundamental view: Aussie showed a mixed trend for the past week. US Empire State Manufacturing Index on 17th Aug and US Crude Oil Inventories on 19th Aug framed bullish trend for the pair whereas US Building Permits, Housing Starts on 18th Aug and Australia Flash Manufacturing PMI on 21st Aug set a bearish environment for [...]
Fundamental view: Aussie showed a mixed trend for the past week. Investors were less interested in the greenback, affected by the lack of progress in Congress related to a stimulus aid package and tensions with China. Both issues moved to the background these last few days pressurizing Aussie. However ban on Tiktok at the end [...]
Fundamental view: Unemployment Rate on 6th Aug, US Non-Farm Employment Change, Unemployment Rate on 7th Aug created bearish move whereas Australia AIG Manufacturing Index on 3rd Aug, Australia Retail Sales monthly report and US ADP Non-Farm Employment Change on 5th Aug favored bullish environment for the pair The pressure on dollar last week due to [...]
Fundamental view: US Durable Goods Orders monthly report on 27th, Australia Trimmed Mean CPI quarterly report on 28th and US Goods Trade Balance on 29th created a bearish move for the pair whereas US S&P/CS Composite-20 HPI yearly report on 28th and Australia Import Prices quarterly report on 29th made a bullish move for the [...]
