Fundamental view: Bitcoin showed sluggish move against greenback in the previous week. A report by Deutsche Bank Research said that Bitcoin has become “too important to ignore” and may attract regulation by the end of 2021. Deutsche Bank analysts expect Bitcoin to reach a turning point in about “two or three years” when it will be clear [...]
Fundamental view: The yellow metal moved up and down against greenback in the previous week. The US dollar’s market valuation, rather than risk sentiment, remained the primary driver of XAU/USD’s movements throughout the week. Powell’s dovish tone and the FOMC’s commitment to continue to support the economic recovery triggered a USD selloff late on Wednesday [...]
Fundamental view: The British pound has gone back and forth during the course of the week and overall formed a bear candle. The interest rates in America seem to be main culprit in creating a lot of noise. In the previous week, The Fed's dot-plot shows borrowing costs will rise only in 2024.The dovish approach sent the [...]
The precious metal fell against the greenback in the end day of the week. The downtrend for the precious metal was triggered by the underlying bullish sentiment surrounding the US dollar, which tends to undermine the dollar-denominated commodity. The Fed declared that it was in no hurry to raise interest rates at least through 2023. [...]
