The Japanese yen hit a 20-year low against the dollar on Tuesday backed by high U.S. Treasury yields. Contrast in monetary policy between a hawkish Fed and an dovish Bank of Japan strengthens USD against JPY. Fed’s James Bullard said inflation is “far too high.” The dollar rose against the Japanese yen during Tuesday [...]
Gold Price edges higher as Easter Monday notices flight to safety. Russia - Ukraine crisis and the recession risks favors the safe-haven assets. Market will keep an eye on the FOMC Bullard's speech due later today. The yellow metal traded high against the US dollar during Monday trading session as investors flock towards ultimate [...]
Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week. The Crypto king traded low this week with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward. Bitcoin is trading near the $40,000 support [...]
Fundamental view: Gold ended in the positive territory this week. Inflation fears, geopolitical tensions helped the safe haven flow thus favoring the precious yellow metal. Fading hopes about Russia and Ukraine reaching a peace agreement, the ongoing coronavirus-related lockdowns in China and inflation fears forced investors to move towards the safe haven gold. President Vladimir [...]
