Fundamental view: Bitcoin has shown an uptrend against the greenback in the past week. Because of the Chinese laws around digital currency mining, the miner exodus had a major impact on the Bitcoin hash rate, miners, and the mining equipment producers. After weeks of migration to mining-friendly countries, Bitcoin miners had made a comeback. The [...]
Fundamental view: The yellow metal has made a entry in the week under slightly selling pressure but struggled to gather bearish momentum in the absence of significant fundamental drivers. The renewed USD strength in the second half of the week forced the pair to, once again, turn south. Whereas Clarida said that he expects the [...]
Fundamental view: Aussie fell against greenback in the last week. The Reserve Bank has surprised the markets with its latest monetary policy which has impacted positively. The central bank left the cash rate at 0.1% which was expected, along with that the 3-year bond yield target at the same level. The central bank had decided [...]
Fundamental view: The US dollar initially fell during the course of the week and then picked up and formed a bullish candle. The US dollar rally formed after U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening. The yen pair portrayed a strong recovery after the previous day in [...]
