Fundamental view: The EUR bounced against greenback in the previous week and reached 1.2149 but was unable to hold on to gains above the 1.2100 figure. The advance is related to the dollar self-weakness. The American currency fell off investors’ radar after the release of a tepid Nonfarm Payroll report, maintaining its sour tone throughout the week. [...]
Fundamental view: This past week has been extremely beneficial for BTC and it jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship crypto currency to new highs. Earlier by this week on Monday, Tesla Inc, bought $1.5 billion worth of Bitcoin. Additionally, the electric-vehicle [...]
Fundamental view: The XAU/USD pair started the week on a firm footing and climbed to a weekly high of $1,855 on Wednesday supported by the broad-based selling pressure surrounding the greenback. However, with the USD regaining its strength in the second half of the week, XAU/USD came under pressure but it closed with a bullish [...]
Fundamental view: The Pound has recovered against greenback in the past week. One in every five Brits has received at least one covid vaccine dose – double the rate than in the US and far above Europe. The immunization campaign continues at full force, but Prime Minister Boris Johnson has urged further patience. Still, forex traders tend to [...]
