EUR/USD has made the positive moment upon recent bounce in the US Dollar and are expecting the ECB monetary policy. The European Central Bank’s (ECB) new strategy on inflation targeting allows more flexibility and preparedness for a future crisis, the central bank’s policymaker Yannis Stournaras said in an opinion column in Greece’s Kathimerini newspaper. European [...]
Fundamental view: Bitcoin price has been on a slow downtrend last few days and this week also it has fell against the greenback. After the Chinese miners are under siege, the so-called ‘war on crypto’ has expanded to other regions. In Europe, one of the largest cryptocurrency exchanges in the world Binance has paused bank [...]
Fundamental view: Gold has rallied against greenback in this week. US bond yields have plunged in the past week, which supported gold prices. The reason of gold support could be by pointing to fears of the Delta covid variant that would knock down the recovery, at least temporarily. Other reason may be short-lived pause in [...]
Fundamental view: The Aussie is down for a second consecutive week, trading near a fresh 2021 low. The US dollar appreciated against the aussie on the back of risk-aversion, which boosted demand for safe-haven assets. Whereas US government bond yields soared, sending yields to their lowest levels since last February. On the other hand, Australia [...]
