Fundamental view: Pound has bounced back to forth in the last week which is largely because of the BOE and Nonfarm Payrolls. Bank of England has left its policy unchanged, by refraining from tapering and labeled inflation as transitory. Michael Saunders, was the only one member who voted in favor of tapering down the BOE's [...]
Fundamental view: The Euro initially tried to rally during the course of the week but then fell at the end of the week. The greenback took a hit in the previous week from the US Federal Reserve, as chief Jerome Powell spoke. However, it does seem like the central bank is paving the way to [...]
The past year has seen a 21st century gold rush, and speculators have been falling over themselves for a piece of the action. The discovery of gold always brings a world in its wake and bitcoin – a virtual currency “mined” using a computer – is no exception. In recent years Bitcoin's price has seemed to continue [...]
XAU/USD started with significant losses on today, with prices on the brink of a solid recovery from the gap. The fall could be triggered by comments from the US Federal Reserve Vice Chair Richard Clarida, who said “given the conditions for an interest rate hike could be met in late 2022 or early 2023. The [...]
