Fundamental view: The yellow metal traded high against the greenback during the trading course of the week. FOMC member’s hawkish stance favored the greenback during the first half of the week, and gold traded within a tight range uring first half of the week. FOMC Chairman Jerome Powell said that there is an obvious need to “move [...]
Fundamental view: The Australian dollar climbed higher against the American dollar and reached a fresh 2022 high – 0.7536. Although market had a risk averse environment, AUD climbed up with the help of commodity prices. Talking about the central banks, A slew of influential FOMC members, including Fed Chair Jerome Powell, left the door open [...]
Fundamental view: The US dollar rallied against the Japanese yen during the trading course of the week. A slew of influential FOMC members, including Fed Chair Jerome Powell, left the door open for a larger rise in borrowing costs to bring down unacceptably high inflation. The markets were quick to price in the possibility of a [...]
Fundamental view: The British pound gained for the second consecutive week against the greenback, However it is far less than 1.3300 (its 3 week high). The hawkish stance of Fed policymakers weighed on the pound. US Federal Reserve Chair Jerome Powell aggressive speech helped the dollar. Speaking about the economic outlook at the National Association [...]
