Fundamental view: The British pound traded downside against the US dollar having reached a lowest level of 3 months at 1.3201. The war is the major catalyst in dragging the sterling down. Leaders from all the West’s nations have asked President Vladimir Putin to put a halt to the war, but of no use. On [...]
Fundamental view: The Major currency plummeted against the greenback and has hit a low of 1.0885, the lowest level since May 2020 in this week. The War acted as the main driver in the drop of the pair. Leaders from all the West’s nations have asked President Vladimir Putin to put a halt to the [...]
Choppy market condition due to worsening Russia - Ukraine crisis weighs on the king crypto. Moscow’s recent actions breaks trust on the peace talks. Hawkish Fed Chair Powell comments on the rate hike and the recent risk aversion wave favors the USD bulls. Bitcoin dropped against the greenback during Friday trading session as Choppy [...]
Gold is under modest selling pressure expectations of a ceasefire between Russia and Ukraine. The testimony of Federal Reserve (Fed) chair Jerome Powell underpinned the gold. Apart from Russia - Ukraine talks, Traders await US Initial Jobless Claims and ISM Services PMI due later today. The yellow metal is trading up and down within [...]
