Fundamental view: Bitcoin showed a uptrend against the greenback in this week. Analysts at Standard Chartered are expecting the Fed to announce the taper next week after the Federal Open Market Committee meets. “The 22 September FOMC will likely signal a tapering decision at the next meeting, providing few details. The interest rates will likely [...]
Fundamental view: The yellow metal rallied initially but later fell badly during the trading course of the week. With the news that the Federal Reserve could opt out to delay the reduction in asset purchases led the dollar to weaken against its rivals. But the risk-averse market environment helped the US Dollar Index (DXY) limit [...]
Fundamental view: The Australian dollar has fallen a bit during the course of the trading week. The draconian Australian approach to the Delta variant led to the collapse of the down-under job market in August with the largest loss of employment since May 2020. Delta closures and restrictions reported in several places, led to the [...]
Fundamental view: Greenback showed a uptrend against the Japanese yen in this week despite somewhat conflicting directions from US economic data. Consumer price gains in the US have moderated slightly in August and gave the Federal Reserve additional logic for delaying their bond taper. Whereas Federal Reserve policy as enumerated many times by Chair Powell, [...]
