FUNDAMENTAL ANALYSIS John Nguyen EUR/USD EUR/USD is ending this week 1.26% higher to trade at the 1.021 price zone, due to the poor performance on Wall Street this week and the bearish performance of the US government bonds. We can potentially see a rise in the pair as the US Federal Reserve has adopted its … Read more
FUNDAMENTAL ANALYSIS Andrew Sun AUD/USD The Australian Dollar slid 0.44% over the past week to trade at 0.6894 amidst better than expected US Retail Sales and consumer confidence data, before staging a late rally as markets digested some Fedspeak comments. On Friday, US Retail Sales for June had grown 1.0% month-on-month, which beat market expectations … Read more
FUNDAMENTAL ANALYSIS Jason Cheung AUD/USD The Australian Dollar rose 0.56% over the past week to trade at 0.6859 as the pair attracted dip-buyers from the recessionary fears that spread in previous weeks. US wages growth remains strong as non-farm payrolls added 372,000 jobs to the US economy while the unemployment rate remained steady at 3.6%. … Read more
FUNDAMENTAL ANALYSIS William Lun AUD/USD The Australian Dollar ended the week down 1.53% to 0.6812 after recession fears intensified on Friday. Friday’s downbeat US PMI data added to the risk-adverse sentiment taken by the market, which led to a market-wide selling of the AUD. Moreover, markets expect a more hawkish Federal Reserve, with investors pricing … Read more