Fundamental view: Bitcoin moved up in the last week. Bitcoin has lived through the best week since February 2018. The pioneer digital currency price gained over $2,000 in less than seven days. Bitcoin was influenced by the same old stories like institutional investments, inflation hedge, and a store of value in the view of the imminent [...]
Fundamental view: The Euro went back and forth during the bulk of the week but ended up slightly positive. The pandemic fatigue has extended its claws into financial markets, as investors struggle to balance vaccine hopes and fresh restrictive measures in the northern hemisphere. A light macroeconomic calendar and no progress in other fundamental developments [...]
Fundamental view: USD/JPY continuously fell in the last week. which makes quite a bit of sense as all the investors are concerned about the idea of risk appetite waning, meaning the people will be looking towards the Japanese yen. All things being equal, the US dollar continues to fall based upon Federal Reserve loosening, and [...]
Fundamental view: The British pound pulled back a bit in the week initially and bounced back to form a bullish rally. Corona virus and talks about future EU-UK relations have supported pound and triggered a bounce. Prime Minister Boris Johnson signaled the UK would prosper without a deal, and EU officials indicated talks could collapse. [...]
