Fundamental view: Bitcoin showed an uptrend against the US dollar in the last week. Amidst the US dollar weakness supporting the big crypto, Bitcoin adoption also seems to be going well despite the May 19 crash or the choppy markets that followed it. Many countries are warming up to BTC in one way or another, [...]
Fundamental view: Gold formed a bullish candle against the greenback in the past week. The dramatic shift in monetary policy forecasts, supporting gold prices, comes after the U.S. Labor Department said that only 235,000 jobs were created in August. The data significantly missed expectations as economists were forecasting jobs gains of 720,000. The jobs gains [...]
Fundamental view: Aussie showed an uptrend against the US dollar. The pair benefited from the broad dollar’s weakness because the investors sold the greenback on speculation the US Federal Reserve will have to put tapering in the hold for now, amid the slow recovery of the employment sector. The US August Nonfarm Payrolls report came [...]
Fundamental view: Greenback fell against the Japanese yen in the past week. The main reason behind the dollar fell are the renewed USD weakness following the Dovish Fed Officials comments and the dismal US August jobs report. Nonfarm Payrolls in US increased by only 235,000 in August which fell well short of already-lowered projections. Fed [...]
