Fundamental view: Gold traded back and forth against the US dollar during the course of the week. The headlines on the Russia – Ukraine crisis made the gold to fluctuate. It reached to its highest level since September 2020 at $1,974 on Thursday, and later it declined below $1,900 in the early American session on [...]
Fundamental view: The Australian dollar advanced against American dollar for a fourth consecutive week, trading at around 0.7220 as the week ended .The risk off market mood amid geopolitical jitters made the commodity-linked currency to shrugge off to 0.7283, its highest since mid-January. The market sentiment fluctuated alongside headlines related to the Ukraine-Russia crisis throughout [...]
Fundamental view: US Dollar edged higher against the Japanese yen during the trading course of the week. The geopolitical tension is the major catalyst in driving the pair, meanwhile hawkish Fed policymakers also favored the USD bulls. The maket came under strong risk off mood on Thursday due to Russia invasion on Ukraine, launching a [...]
Fundamental view: Pound had a drop against greenback after three-week bullish trend amid a geopolitical storm in Ukraine. Hawkish Bank of England (BOE) expectations due to hotter UK inflation favored the pound to maintain the bullish trend in the first three weeks of February but it gave up towards the month end, as Russia invaded Ukraine. According [...]
