The European Union (EU) is gaining the trader’s attention with its strict stand versus the UK over Brexit ahead of the April 27 deal deadline. Supporting the bloc is the headlines conveying the geopolitical risks in the South China Sea and willingness to welcome the US tourists during the summer holidays. During earlier in Asia, [...]
Fundamental view: Bitcoin fell significantly during the course of the week. Market participants seem to be panic and are selling their holdings, sending the market into a tailspin. Bitcoin price witnesses two crashes in less than a week, Some unfounded sources stated that the U.S. Treasures would go after financial institutions for money laundering using cryptocurrencies. [...]
Fundamental view: The US dollar has drastically fell against the Japanese yen in the past week. US Dollar weakness was a primary theme is the reason behind this trend.US dollar fell because the bond yield markets are going crazy occasionally. As US rates have eased, helped along by a Federal Reserve that’s confident in both rates and inflation [...]
Fundamental view: The Aussie seesawed between bullish and bearish trend to end the week around 0.7760 level. The Australian currency has been stronger in the pandemic if it was not because of China. Tensions between both countries, with the first pressuring to discover the origins of covid and the latter banning imports from the commodity-producer country. [...]
