Fundamental view: The Euro traded low against the greenback and the pair reached to a weakest level of 1.1120 on Friday, which was last seen in June 2020. The US dollar was trading high since the start of the week but rallied after the US Central bank monetary policy announcement. Federal bank has meet the [...]
McGlone, senior commodity strategist expects a bounce in the bitcoin. Binance, the world's largest cryptocurrency exchange wants to expand in Russia and neighboring states. According to JPMorgan, The boom-and-bust nature of bitcoin will hinder institutional adoption. Bitcoin had a quite disappointing year till Jan 25. 2022, However it has 12% partial recovery to $38,100 [...]
Dollar reaches five week high with Fed meeting market expectation. Powell's comment after the monetary policy also favored the US dollar. Geopolitical tension and Rising cases of Omicron weighs on yen. The dollar traded high and reached near a five-week high on Thursday after the Federal Reserve chair Jerome Powell flagged interest rate hikes [...]
Fears of Fed rate hike underpins the precious metal's bullish move. Geopolitical tensions of Russia - Ukraine also extends support to the Bullion. Downbeat economic forecasts by the International Monetary Fund also favors the bullish move of XAU/USD. Gold is trading upside against the greenback during Wednesday ahead of Fed verdict. This move can [...]
