Fundamental view: Gold has rallied significantly during the last week and reached towards the $1800 level. Because of the absence of the significant macroeconomic data releases and fundamental developments, the risk-positive market environment posted a barrier for the dollar to find demand at the start of the week. On the next day Tuesday, the benchmark [...]
Fundamental view: Bitcoin fell significantly during the last week . The main reason for the fall is Elon Musk, the CEO of Tesla. Elon Musk’s tweet triggered a crash on May 12. Likewise, on May 16 Musk startled Bitcoin enthusiasts when he replied to a user and created confusion about Tesla having sold its BTC holdings. Although the CEO made a clarification [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the week and finished the week with modest losses. Even though the greenback is having broad weakness, the AUD has failed to attract speculative interest of the traders. The pair’s behavior has been directly correlated to that of Wall Street, which in [...]
Fundamental view: The US dollar has been somewhat negative during the trading week. This week’s Federal Reserve minutes has demonstrated once more that the market sensitivity to rate signals from the central bank and traders fears of missing the potential surge in interest rates and the dollar when that first notice of a change in [...]
