Fundamental view: The US dollar has rallied significantly during the course of the week to reach towards 105 level. Demand for the greenback on risk-aversion boosted the pair, which held on to gains as Wall Street found they way up following a sell-off at the opening, trimming part of their intraday losses, although it fell to [...]
Fundamental view: After gaining more than 1% in the previous week, the XAU/USD pair struggled to preserve its bullish momentum and edged lower during the first half of the week and showed upward movement in the end day of the week. U.S. Dollar held steady, taking some of bullion’s allure kept it on track for [...]
Fundamental view: The British pound initially fell during the course of the week but then turned around to show signs of strength. The US currency has been unable to continue January's modest improvement and faces a test in the week ahead with payrolls on February 5. The UK employment picture, better than expected despite the [...]
Fundamental view: Bitcoin showed a mixed trend during the past week closing with a positive node. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, intends to ban all the private cryptocurrencies in India, but will also provide a framework to create the official digital currency issued by the Reserve Bank of India. The bill will [...]
