Fundamental view: The US dollar has rallied significantly during the course of the week. As per the previous week report, In light of ADP's 174,000 new workers on a 49,000 forecast and after an excellent week of US January statistics, including Manufacturing Employment PMI at an 18-month high and Jobless Claims at a nine-week low, data suggested a [...]
Fundamental view: The US dollar has rallied significantly during the course of the week to reach towards 105 level. Demand for the greenback on risk-aversion boosted the pair, which held on to gains as Wall Street found they way up following a sell-off at the opening, trimming part of their intraday losses, although it fell to [...]
Fundamental view: USD/JPY seems to be noisy in the past week. The outlook of the pair was dominated by the general trend lower in the US dollar. The weak dollar remained the default market mode in the past week. The Bank of Japan (BoJ) kept its base rate at -0.1% as universally expected and warned [...]
Fundamental view: USD/JPY showed a mixed trend in the past week. Twin specters of unemployment and a consumer recession in the United States were unable to dislodge the dollar from its recent gains. American data in the New Year has detailed the impact of the renewed business closures in California, the largest state economy, and [...]
