Fundamental view: US dollar managed to trade high against its yen counterpart. The stronger than expected inflation figure and the hawkish comments from the Fed policymakers helped the US dollar this week. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and the jump was the highest [...]
Fundamental view: The UK Pound traded high against the US dollar this week, despite the US dollar strength. The UK pound still remains benefited from the hawkish BoE interest rate decision of last week. The US Bureau of Economic Analysis reported on Thursday that annual inflation, as measured by the Consumer Price Index (CPI) had [...]
Fundamental view: The US dollar struggled to recover against its rival Euro, however it partially succeeded in earisng some of its losses of previous week.. Post ECB’s announcement favored the Euro this week. Inflation and the Central bank’s reaction towards it, are the major catalysts in the market now. Stronger than expected CPI data favored [...]
Stronger inflation data and hawkish comment from Federal Reserve's James Bullard helps the US dollar to edge higher. Chainalysis says "Ransomware operators are attacking bigger targets and stealing more funds than ever." According to the Fundstrat firm Fsinsight, BTC price could increase to around $200K per unit in 2022. On Friday Asian trading session, [...]
