Fundamental view: The British pound edged higher against the US dollar during the trading course of the week. US dollar weakness and the Rate hike from BoE are the major catalysts underpinning the move of the quote. The US Central bank policymakers diluted expectations of a hefty 50 basis points hike in March even with inflation [...]
Fundamental view: The Euro had largest weekly gain since March 2020 and reached fresh 2022 high of 1.1483. The Major currency pair was following the uptrend since the starting of the week due to broad US dollar weakness and soared after the ECB meeting. US Central bank policymakers diluted expectations of a hefty 50 basis [...]
Threat of rising inflation underpins the uptrend of the Crypto market. Robert Kiyosaki, the highly successful author tweets Bitcoin is part of the path to "financial heaven." A bill introduced by A bipartisan group of U.S. House representatives favors the crypto currency. Bitcoin edged higher against the greenback during Friday Asian session. Choppy trading [...]
A report by the ADP Research Institute showing fall in the business payroll weighs on the US dollar. Recent moves of the Fed officials to dilute the rate hike expectation also weighs on the greenback. Market now pay attention to the European Central Bank and Bank of England meetings. Gold trades higher against the [...]
