USD trades high against the Japanese Yen. The reason behind this move can be linked to recovery in the US treasury yields and reducing fear of omicron coronavirus variant. Further mixed Japanese data underpinned the bullish move of the pair. Japan’s Preliminary Industrial Production for October fell below 1.8% market consensus but recovered from -5.4% [...]
Euro is trading lower against the greenback as a reverse of Friday’s virus-led rebound during early European morning on Monday. The rationale behind this move can be related to the upbeat comment of the US and covid fears in Eurozone. The new variant of covid - The omicron virus had not yet been detected in [...]
Fundamental view: Bitcoin traded lower against the greenback in this week. Some recent news underpin the bearish sentiment for the King Crypto. Hillary Clinton, former Democratic presidential candidate, talked about cryptocurrency Tuesday. She elaborated on her crypto statement last week and warned that the technology may be manipulated by countries like China and Russia to [...]
Fundamental view: Gold traded low and dipped to its lowest level since early November $1778 on Wednesday But showed a rebound on the second half of the week and closed on the negative territory by reaching $1849. The major reason behind the strength of the US dollar was a sharp upsurge in US Treasury bond [...]
