Australian dollar inched higher against the American dollar during Tuesday Asian session. Optimistic comments from CBA Analysts and diminishing fears on Omicron variant favored the Aussie. Analysts at Commonwealth Bank of Australia (CBA) offered an optimistic outlook for AUD/USD. “The Aussie dollar is expected to rise over 2022 to reach US78-80 cents by the December [...]
Gold (XAU/USD) inched higher and is trading around $1,810 during the Monday Asian session. Yellow metal is trading high as slightly weaker U.S. Treasury yields offset an uptick in the dollar. US Dollar Index (DXY) dropped to 96.10 whereas the US 10-year Treasury yields dropped 1.1 basis points (bps) to 1.482%, stepping back from a [...]
Fundamental view: Bitcoin rallied against the US dollar during the trading course of the week and ended trading above $50000 for the first time since Dec. 13. Positive economic data and calming fears about the new variant led to the increased demand for the riskier asset and fueled the bullish trend for BTC this week. For the [...]
Fundamental view: The yellow metal initially fell against the greenback but later rose for the last two consecutive days. The bullion traders portrayed risk-on mood due to the positive updates over the Omicron covid variant and the US stimulus, while also ignoring firmer US Treasury yield in the end of the week. Elsewhere, Central banks [...]
