Fundamental view: The Australian dollar advanced against the US dollar for a third consecutive week. Aussie was favored by the rising gold prices amid the weak US dollar due to dovish Fed. However, The Russia – Ukraine saga soured the market sentiment prompting the traders towards the safe haven asset – Gold. Russia deployed troops [...]
Fundamental view: Japanese yen edged higher against the US dollar during the trading course of the week. Russian intentions over Ukraine and the headlines regarding the military and diplomatic situation and the dovish Fed were the key catalysts for the USD/JPY movement. Ukrainian political and military tension weakened the USD.JPY as the safe-haven flows in [...]
Fundamental view: The British pound stayed on front foot against the greenback during the trading course of the week. Hotter UK inflation and dovish Fed were the major catalysts in driving the quote, Russia-Ukraine crisis that dominated all through the week on financial market had less impact the cable. UK annual inflation rate arrived at [...]
Fundamental view: Euro dropped against the US dollar but traded within a tight range during trading course of the week. Ukraine – Russia Saga was dominant factor in the financial market which also weighed on the perceived riskier asset Euro. During this week, Market sentiment was sour with multiple Russia – Ukraine headlines weighing on [...]
