The following are the most recent pieces of Forex fundamental analysis from around the world. The Forex fundamental analysis below covers the various currencies on the market and the most recent events, announcements, and global developments that affect the Forex market.
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Gold Futures dropped 3.23 percent last week, as risk appetite fades in the markets given the shattering expectations for a V-shaped recovery.
So far this week, the Japanese Yen has gained 2.03 percent against the US dollar, as the appetite for risk stalls and being favored by its status as a safe-haven currency.
Last week, amid the rising fears for a second wave of the Covid-19 pandemic, the US dollar closed lower for the third consecutive week, losing 1.43 percent against a bundle of its main competitors.
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Traders and investors are currently confused regarding the direction that the financial markets in the United States are taking.
Last week, the Brazilian Real grew 3.67 percent against the Greenback, advancing for the second week in a row.
Gold has come down off its recent highs to trade somewhere in the middle of the range it’s been in since mid-April.
So far this week the Australian Dollar has advanced 1.71 percent against the US dollar as risk appetite dominates the financial markets.
Gold prices have been very volatile as of late, showing the effects of the contradictory expectations that have been driving the market sentiment.
So far this week, the Brazilian real has advanced 2.88 percent against the U.S. dollar, a strong move towards recovering from the two previous weeks' losses.
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Last week gold futures rose 2.47 percent, advancing for the second consecutive week.
The US dollar advanced for the second day in a row against the Russian ruble, adding 0.68 percent since the beginning of the week,
Last week, the New Zealand dollar gained 1.09 percent against the US dollar, recovering from the previous week's losses.
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The advance of the COVID-19 epidemic has caused serious disruptions on the global food supply chains, which have begun to cause shortages of products
On Friday the US dollar fell against a bundle of its competitors for the sixth consecutive session, losing 1.43 percent since the losing streak began, and falling 1.20 percent last week.
Gold futures declined for a fourth straight session on Wednesday, falling 1.28 percent so far this week, and 1.84 percent since the end of Friday's session.