Aussie seems to pick up bid after the RBA interest rate decision and enjoying its bullish moment. Australia’s cash rate has been left on hold at the record low level of 0.10 per cent. The Reserve Bank of Australia met on Tuesday and decided to suspend official interest rates for eight consecutive months. The central [...]
The appreciative move in the Europe made the EUR/USD bullish on Today market session. The pair recovered from the low which is made on Friday post-Nonfarm Payroll (NFP) data. The US Dollar Index (DXY) follows the treasury yields and retreats from the monthly high. Mixed US economic data dropped the green back. NFP data came [...]
Fundamental view: Bitcoin price had a mixed trend against the dollar this week, but however it somewhat managed to set up a higher high, which signaled a bullish development. But the later half of the week has been unfavorable for BTC as BTC continues to decline in search of a foothold. The world’s biggest interdealer [...]
Fundamental view: Gold showed a slightly bullish trend against the greenback in the past week. In the absence of high-tier macroeconomic data releases in the first half of the week, hawkish Fed commentary helped the greenback stay resilient against its major rivals. Whereas Federal Reserve's Vice Chairman for Supervision Randal Quarles said that the Fed [...]
