Fundamental view: Last week, the sharp upsurge witnessed in the US Treasury bond yields provided a support to the USD and caused XAU/USD to suffer losses. The benchmark 10-year reference preserved its bullish momentum and closed in the positive territory on Monday but snapped its five-day losing streak on Tuesday amid a lack of significant [...]
Fundamental view: Pound showed a stronger trend against greenback in the previous week. The BOE has come out of the shadows and supported the pound by all but shelving the option to set sub-zero borrowing costs. The specter of negative rates had been weighing on sterling since the summer but not anymore now. Another positive [...]
Fundamental view: Despite the positive metrics behind Bitcoin’s run, the flagship cryptocurrency remains extremely volatile. According to Goldman Sachs, Bitcoin needs more institutional money to flow in to mature as an asset and avoid extreme volatility. Jeff Currie, Global Head of Commodities Research at Goldman Sachs says Bitcoin has shown signs of maturity already but funds from [...]
Fundamental view: USD/JPY showed a mixed trend in the past week. Twin specters of unemployment and a consumer recession in the United States were unable to dislodge the dollar from its recent gains. American data in the New Year has detailed the impact of the renewed business closures in California, the largest state economy, and [...]
