Fundamental view: The Euro went back and forth during the course of the week, showing signs of indecision. Several central banks had monetary policy meetings these days, the US Federal Reserve included but were far from being shining stars. In fact, the impact of the pandemic on economies, and the uncertainty on what’s to come in that front, have [...]
Fundamental view: The American dollar appreciated throughout the first half of the week, in the heels of the momentum triggered by encouraging data released the previous Friday coupled with the absence of relevant macroeconomic news but in later part it turned in to opposite direction as the shared currency got vote of confidence from market players [...]
Fundamental view: The Euro has initially tried to break above the 1.20 level, but then rolled over to show signs of weakness. The week has been very volatile, but when you look at the longer-term trend, it does make sense that we need to consolidate in this area. Europe German Prelim monthly report on 31st August, Europe PPI [...]
Fundamental view: The Euro struggled and managed to rise higher against dollar, it climbed to 1.19 again in the past week. NBB Business Climate & US HPI monthly report on 25th August and US Prelim GDP quarterly report, Pending Home Sales on 26th August favored downtrend for the pair whereas Europe German Final GDP quarterly [...]
