Fundamental view: The yellow metal plummeted against the US dollar during the trading course of the week. The fall of the gold prices can be related to the Market cheering the US Federal Reserve’s (Fed) signals of the March rate hike and room for more lift-offs. The Central bank has left the rate unchanged however he [...]
Fundamental view: The Australian dollar plummeted against the American dollar during the trading course of the week. The monetary policy announcement from the central bank was the major catalyst in underpinning the uptrend of the US dollar. The Central bank has left the rate unchanged however he also made a notable change of tone toward [...]
Fundamental view: The US dollar edged high against the Japanese yen this week. The Federal bank monetary policy announcement strengthened the US dollar. The Central bank has left the rate unchanged however he also made a notable change of tone toward the hawkish side. The major market mover was Fed Chair noting that he will [...]
Fundamental view: Pound traded low against the US dollar. US Central bank’s monetary policy announcement was the major catalyst in deciding the move of the pair this week. Federal bank has meet the expectation by keeping the rates and tapering unchanged and repeated that pandemic related financial support will end in March. The Fed Chairman [...]
