Fundamental view: Gold started the week with a positive node but later suffered heavy losses after it broke below the lower limit of its two-week-old range at $1,720. The upsurge in yields helped the greenback to gather strength and pushed the yellow metal down while rising global equity indexes gave a helping hand to gold by [...]
Successful forex trading is the art of being able to predict when currencies are going to shift in value in relation to each other, and what direction that shift is going to be in. The good news is that those fundamentals are relatively simple; is the dollar going to weaken against the yen? Will the [...]
According to Bloqport’s recent data, bitcoin, which has ended the month of March with an overall gain of 29%, has now been in the uptrend for six consecutive months. The data also shows that the crypto asset’s value has nearly doubled from its December 2020 closing price of $29,383 to its current value of $58,647. [...]
China's Negative surplus puts pressure on the Aussie. Also contributing to the Aussie's weakness could be the US dollar’s rebound. China’s Caixin Manufacturing PMI came in as 50.6 versus 51.3 forecasts and 50.9 prior. This gives a suggestion that the activity figures from Australia’s largest customer contrast the upbeat official readings published earlier in the [...]
