Fundamental view: Pound formed a rally against greenback in the past week. The BOE has shut the door on negative rates. The Bank of England will continue working on the technicalities of negative rates, but it has also assured investors that the topic is off the table. BOE Governor Andrew Bailey and his colleagues have also raised their [...]
Fundamental view: The Australian dollar has gone back and forth during the week. The greenback was the clear weekly winner, appreciating sharply against most of its major rivals. Aussie’s declines were limited by the equities positive momentum, as Wall Street flirted with record highs. Market players were optimistic amid progress in US President Joe Biden’s [...]
Fundamental view: In the past week, Bitcoin rallied against greenback. Investors are certainly looking to crypto as an asset class, but bitcoin is still quite volatile. Yet, crypto advocates see bitcoin and ether (ETH) similar to different asset classes, according to Joel Edgerton, chief operating officer of cryptocurrency exchange BitFlyer USA. “My guess is that [...]
Fundamental view: Last week was a great week for the greenback. The support for greenback is favored by the persistent optimism about a large, new US stimulus package of $1.9 trillion, with Democrats moving to pass US President Joe Biden’s bill without Republican support. Worth noting that despite such move Biden and Republican senators are [...]
