Industrial production report favors yen

Japanese yen is trading high compared to greenback which is due to the favorable data released today. The Industrial output of Japan has extended its gains in April as the manufacturers seem to be benefited from a recovery in appetite for capital goods, specially in key overseas markets. The Official data which was released on [...]

BTC/USD Weekly Forecast (31th May 2021 – 04th Jun 2021)

Fundamental view: Bitcoin price seems to be recovering from the losses which was witnessed last week. While institutional investors’ ETF applications are helping bolster the adoption curve and hasten the process, several on-chain metrics combined with the developments surrounding regulating BTC mining in China and Iran has put a hault in the recovery. On the other hand, [...]

XAU/USD Weekly Forecast (31th May 2021 – 04th Jun 2021)

Fundamental view: Gold price is on its way to the highest levels seen this year after recovering more than $220 since the bottom at the end of March. During the last week, Federal Reserve Governor Lael Brainard repeated that the Fed has the tools to guide inflation back down if it were to move persistently [...]