Australia Q4 CPI, RBA Trimmed Mean CPI jumps past forecasts. Australian business confidence fell and is below the level during the Delta wave last year. Escalating geopolitical tensions weighs on market sentiment and makes traders stay away from riskier aussie. Australian dollar trades downside against the American dollar at Tuesday despite the inflation data [...]
Hawkish expectation from the Fed and the Policymakers comments favors the greenback. Russia - Ukraine geopolitical tension magnifies fears and exerts downward pressure on EUR/USD. ECB meeting fails to favor the Euro. Euro continued its downtrend of Friday trading session on Monday early Asian session. This move can be linked to the Traders being [...]
Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week. The fall can be related to the souring of global risk sentiment and traders moving towards the safe haven. The recent crypto.com hacking and Russia’s call for banning crypto also weighs on the Bitcoin. On Thursday, Cryptocurrency exchange Crypto.com acknowledged [...]
Fundamental view: Gold traded high against the greenback and reached to a 2 month high of $1843 during the trading course of the week. The yellow metal remains supported by soaring inflation globally and due to negative real returns. Meanwhile, escalating geopolitical tensions surround US, Russia and Ukraine also make the traders to turn towards [...]
