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Forex Fundamental Analysis
Forex Fundamental Analysis
Last week, the pound sterling advanced 2.34 percent against the greenback, posting gains for the second consecutive week.
So far this week, the Japanese Yen has advanced against the Greenback, adding 1.13 percent since the beginning of the week and posting gains for the second consecutive week.
Last week the gold futures price advanced by 4.83 percent as traders and investors rushed towards the yellow metal, and posting gains for the seventh consecutive week.
So far this week the US dollar has lost around 1.14 percent of its value against a bundle of its main competitors and losing territory for the fifth consecutive day,
In the early hours of Tuesday, July 20, EU leaders finally agreed on a €1.82 trillion budget and €750 billion COVID recovery fund to help the economic bloc’s most beleaguered nations
Last week the Canadian dollar went up by 0.12 percent against the greenback, as the currency suffered from volatility as of lately, in light of the troubles that the oil markets are currently facing.
So far this week, the Pound Sterling has remained almost steady against the US dollar, falling 0.09 percent and breaking a two-week winning streak.
Last week, the Japanese Yen went up against the US dollar, gaining 0.56 percent and closing the week on the positive territory, at the 0.935400 level.
So far this week, the Australian Dollar has barely gained ground against the greenback, gaining 0.05 percent.
Last week the US dollar lost ground against a bundle of its main competitors, falling 0.27 percent.
So far this week the Euro has gained 0.21 percent against the US dollar, posting gains for the second consecutive week.
Last week the Pound Sterling lost ground for the third consecutive week, dropping 0.19 percent.
So far this week the Euro has advanced 1.05 percent against the US dollar, as enthusiasm for the future of the Eurozone economy took over the market sentiment.
Last week the Australian dollar lost 0.44 percent against the US dollar, decreasing for the second consecutive week amid the bearish pressure caused by the fears for a second wave of the Covid-19 pandemic.
So far this week oil futures have advanced, despite fears for oversupply and second coronavirus wave.