Fundamental view: Gold markets have gone back and forth during the course of the week, showing signs of volatility. Biden's plan to introduce spending of $1.9 trillion, a figure that amounts to 9.1% of US 2020 GDP, appears to have been priced into gold prices and did not deliver a much-needed boost to the yellow metal. Treasury Secretary Janet Yellen, [...]
Fundamental view: USD/JPY seems to be noisy in the past week. The outlook of the pair was dominated by the general trend lower in the US dollar. The weak dollar remained the default market mode in the past week. The Bank of Japan (BoJ) kept its base rate at -0.1% as universally expected and warned [...]
Fundamental view: The British pound went back and forth during the course of the trading week. President Joe Biden's fresh energy has been inspiring markets – the freshly inaugurated Commander-in-Chief's efforts to pass his $1.9 trillion stimulus bill and call for unity have boosted markets and weighed on the safe-haven dollar. Prime Minister Boris Johnson is focusing on the appalling mortality [...]
Fundamental view: After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,560. A lot of cryptocurrency enthusiasts are concerned about the end of the current Bitcoin rally as the digital asset has dropped by more than 30% since its all-time high. However, most on-chain metrics and indicators suggest the run [...]
