Fundamental view: The British pound dropped against the greenback during the trading course of this week. The monetary policy divergence between the Fed and BOE is the major catalyst weighing on the pound. The greenback was the most sought-after currency with aggressive Fed rate hike expectations, with the CME’s FedWatch tool showing a 96.5% probability [...]
Fundamental view: The Euro plummeted against the US dollar during the trading course of the week. The geopolitical tension and the China’s covid-19 outbreak were the major catalysts in dampening the market mood, thus Investors flocked towards the safe-haven US dollar. Talking about geopolitical tension, the Russian gas supplier Gazprom halted exports to Bulgaria and [...]
Gold climbs up but it faces worst month in seven on U.S. rate hike bets. Mixed sentiment surrounding Ukraine war, China's covid update dampens the market mood. US Treasury Sec. Yellen warns that more shocks likely to 'challenge the economy'. Gold prices rose on Friday due to worrying U.S. economic data rekindled some interest [...]
Russia's Gazprom (GAZP) halted gas supplies to Poland and Bulgaria, EU energy groups prepare to pay for Russian gas in roubles. The greenback remains attractive due to increasing concern over global growth amidst China’s lockdowns and aggressive Fed rate hike bets. Additionally, the US dollar remains supported following the USD/JPY upsurge. The Euro is [...]
