Fundamental view: The yellow metal was trading tight range at the beginning of the week due to the thin trading conditions because of Easter on the week beginning which allowed financial markets to remain calm. After that, the sharp drop witnessed in the US Treasury bond yields weighed heavily on the greenback and triggered a [...]
Fundamental view: The pound has somewhat rallied a bit during the trading week to reach towards the 1.37 handle and then turned around and showed signs of weakness. The dollar has won the contest against the pound – profit-taking and vaccine issues have weighed on the pound more than Fed-related vulnerability has hurt the greenback. Prime Minister [...]
Fundamental view: The US dollar has fallen significantly during the week to reach down towards the ¥109 level. On Wednesday, the US Federal Reserve published the Minutes of its March meeting, reiterating that the accommodative monetary policy will remain in place until substantial further progress is achieved on their employment and inflation goals. The document was no surprise and [...]
Fundamental view: Bitcoin rallied against the greenback in the previous week. The prices of Bitcoin look primed to advance further despite the ongoing consolidation phase. The billionaire Peter Thiel questioned whether Bitcoin could be a “Chinese financial weapon” and urged the U.S. government to consider tighter regulations. China has managed to control for more than 65% of the Bitcoin [...]
