Fundamental view: Bitcoin showed a downtrend in this week but in the upcoming week, an uptrend might follow up. Bank of America, the second-largest bank in the U.S., has approved the trading of bitcoin (BTC, +0.06%) futures for some clients, according to two people with knowledge of the matter who spoke on condition of anonymity. [...]
Fundamental view: The Yellow metal has fell against greenback in this week. A strong rebound in the US Treasury bond has supported the US dollar. Apart from this, a generally positive tone around the equity markets further acted as a headwind for traditional safe-haven assets. US Powell’s gave his comments during his second day of [...]
Fundamental view: The Aussie has fell against greenback for a third week in a line. Things in Australia have continued to worsen on the COVID-19 front, affecting economic developments which weighed on AUD. The country has extended regional lockdowns imposed in June, as the number of coronavirus cases remains on the rise. Cities which has [...]
Fundamental view: US economic growth is expected to be twice as fast as Japan’s and that prospect has been a main support for the dollar. Japan’s central bank left its base rate unchanged at 0.1% in its decision on Friday while reducing its 2021 growth estimate to 3.8% from 4%. The Fed’s 2021 projection had [...]
