Fundamental view: Pound traded low this week. Fed's meeting minutes from the July meeting portrays a growing trend toward reducing the bank's bond-buying scheme already in 2021.After media reports, the media report came about an upcoming announcement in September, which helped the dollar to rise. Increasing coronavirus cases gained importance after America reported some 250,000 [...]
Fundamental view: Euro traded its lowest at this week. The market moves with the idea of US dollar strength. The FX board is depending on 2 things - higher chances of US tapering and the spread of the coronavirus Delta variant. Fed published the minutes of its latest FOMC meeting which indicated that the policymakers [...]
Bitcoin is like a digital gold in many ways. Like gold, bitcoin cannot be created spontaneously; it requires work to “extract”. Gold must be extracted from geological earth and bitcoin “mined” from computational method. There are about 18.5 million Bitcoins are currently and worth about $ 80 billion based on the current BTC price of [...]
USD/JPY is on downtrend after the decision of Complete vaccination program. Japan Ministry of Finance (MOF) announced today early morning that the cabinet’s approval of an emergency budget to battle the pandemic. “Japan's cabinet approved a 9.27 billion yen ($84.50 million) emergency budget to help the country's self-defense forces carry out medical aid amid the [...]
