Fundamental view: The Australian dollar has rallied significantly during the course of the week. The strength of Aussie is mainly due to the broad US dollar weakness and moderate recovery of Australian economy. US Federal Reserve chief Jerome Powell repeated that the central bank will maintain its ultra-loose monetary policy until actual data confirms an economic comeback. Australia will reopen its [...]
Fundamental view: The yellow metal showed an uptrend against the greenback. Greenback was weak due to the steep decline witnessed in the US Treasury bond yields. In the past week, Core Consumer Price Index (CPI), edged higher to 1.6% in March from 1.3%. Although this reading surpassed the market expectation of 1.5%. FOMC Chairman Jerome Powell reiterated that it [...]
Fundamental view: Bitcoin price hits a new all-time high reaching a level of 64800. Coinbase direct listing is the most important development for the crypto currency. US-based cryptocurrency exchange Coinbase went public on Wednesday under the ticker COIN. Despite the significant price slump, institutional investors are already taking advantage of the downswing to buy the shares at a discount. [...]
The yellow metal is trading upside against the greenback as yields dropped for U.S. 10-year Treasury notes to 1.56%, and geopolitical tensions rose between the United States and China as well as Russia. There seems to be a rising tension between the United States and China, as well as between the United States and Russia. [...]
