Fundamental view: The recent update that Iran and China on verge of a huge deal and China forges new trading partnerships with other countries impacts dollar negatively and along with Spike in US Covid-19 cases And Fed officials raising concern about the sustainability of the economic recovery makes safe haven asset to struggle. Also Historic [...]
Fundamental view: In the past week, Federal Budget deficit printed new record amount and Fed officials were increasingly doubtful about the sustainability of the economic recovery which decreased the dollar value whereas Gold moved upwards due to future inflation thus XAU/USD showed a bullish trend in the past week. Central banks around the world continue [...]
Fundamental view: US Consumer Credit report at 8th July pressurized dollar hence creating bullish trend whereas US IBD/TIPP Economic Optimism report released at 6th July as a catalyst for the uptrend move for dollar and US Unemployment Claims at 9th June 2020 created a favorable atmosphere for USD hence fabricating a bearish trend for the pair. [...]
Fundamental view: Non-Farm Employment Change at 1st July as a catalyst for the downtrend move for dollar and FOMC Member Williams Speaks of the last week at 30th June 2020 created a favorable atmosphere for USD and a bearish trend was reflected for the pair in the previous week. Investor’s remain hopeful on the economic [...]
