Fundamental view: The Euro fell to the fresh 2021 low of 1.1890 this week. The dollar was supported across the board following comments from the head of US Federal Reserve Jerome Powell. In interview on Thursday, Powell repeated that the outlook is becoming more positive but remarked that “sustained” progress toward the Fed goals on [...]
Fundamental view: The British pound rallied against the greenback in the previous week but then pulled back to reach a level of 1.3750 level. Dollar was supported with the Higher yields, with every move in US ten-year yields rocking the greenback. The world's reserve currency advanced each time the global benchmark jumped above 1.5% and retreated [...]
Fundamental view: Gold markets initially tried to rally during the initial of the week but later fell to form a bearish candle. Gold is pressured in part by some upbeat U.S. economic data. Gold prices hit a nine-month low this week. Rising government bond yields this week and a higher U.S. dollar index are also [...]
Fundamental view: Bitcoin price has bounced against the greenback and formed a bull candle. The past week has been quite volatile for the flagship cryptocurrency experiencing moves of up to 10%. In the past week, Microstrategy made several more investments in Bitcoin. The first happened on March 1 right after Bitcoin price touched the local [...]
