Fundamental view: The USD/Yen closed higher last week, but the gains were skewed by last Monday’s huge rally in reaction to the news that Pfizer had developed a COVID-19 vaccine with 90% efficiency. After that initial thrust, the Forex pair spent most of the week trading sideways to lower. The dollar headed for its best [...]
Fundamental view: During the last week there was US presidential elections, a FOMC meeting, and of course the Non-Farm Payroll numbers created negativity for the pair and the pair fell to 103 levels. Japan Final Manufacturing PMI on 2nd November and US Wards Total Vehicle Sales on 3rd November created a bearish trend for the [...]
Fundamental view: The US dollar has gone back and forth during the trading sessions that make up the week against the Japanese yen, as the ¥105 level continues to be resistance, but at the same time the ¥104 level has been rather supportive. Japanese statistics showed that the economy has not recovered from the global slump of [...]
Fundamental view: The pair managed first but later fell by Wednesday. The once and future US stimulus package is the market intervention of the month. As the Republicans and Democrats tried to wring as much electoral advantage from negotiations, hopeful statements for a deal from Democratic House Speaker Nancy Pelosi and President Donald Trump on Wednesday [...]
