Fundamental view: Bitcoin traded higher despite greenback showing strength. Bitcoin received a major tailwind as FTX announced a $450,000 grant to Brink, a developer community, on August 13. Launched in 2020 with funding from big names in cryptocurrency markets like the Human Rights Foundation, Square Crypto and crypto exchange Gemini, Brink helps Bitcoin’s open-source developer [...]
Fundamental view: Despite the greenback traded high, Gold managed to traded high. Escalating geopolitical tensions between the US and China along with the increasing number of coronavirus Delta variant cases impacted the market sentiment at the beginning of the week. The Fed's minutes of its July policy meeting revealed some policymakers saw it appropriate to [...]
Fundamental view: Aussie traded low against greenback this week. China published weaker-than-anticipated economic data earlier this week as Industrial Production and Retail Sales rose at. Concerns about global growth dominated financial markets. Also Fed published the minutes of its latest FOMC meeting which indicated that the policymakers are ready to discuss the timing of tapering [...]
Fundamental view: The dollar traded higher against the Japanese yen this week because of the recent dollar strength as of its July 28 meeting. The rise in Covid-19 Delta cases in many of the states in US and across countries were the reason behind the dollar’s gains. The Fed begin its annual three-day Jackson Hole [...]
