Fundamental view: The US dollar rallied against its yen counterpart during the trading course of the week. The aggressive stance of fed policymakers was the major catalyst favoring the dollar. The Fed unveiled the monetary policy this week. Minutes from last month’s Federal Open Market Committee (FOMC) meeting made the reduction plan concrete. “Participants generally agreed [...]
Fundamental view: The British pound booked loss against the US dollar amid hawkish Fed-driven and risk-averse market sentiment. The risk-off flows and the dollar’s demand remained the central narrative this week which pushed the pound to book losses. Fed March meeting’s minutes delivered a hawkish surprise. The minutes revealed that the board members outlined plans [...]
Fundamental view: Euro had a bad week against its American rival. The prospects of aggressive rate hike from the Fed Policymakers and the idea that Eastern European crisis would take long to get resolved favored the greenback. The Russian invasion of Ukraine disturbed the supply chain and the commodity prices went to multi year highs [...]
The yellow metal dropped against the greenback amid rising bets on Fed’s tightening policy. Preliminary estimate of the US CPI may bring more uncertainty to the market. Ukraine uncertainty favors the safe haven gold. Gold dropped against the US dollar during Friday trading session since the US dollar strength backed by prospects of aggressive [...]
