Fundamental view: Pound had a fall against the greenback in this week reaching a fresh 2021 low. This is mainly due to the US dollar strength as investors are pricing a 72% chance of a Federal Reserve rate hike by June 2022. Now the pair's potential recovery depends on Brexit developments. A positive update comes [...]
Fundamental view: Euro initially tried to rally against the greenback but later fell beyond 1.15 crucial level. The American dollar reached the fresh 2021 highs against its European rival in this week. Federal Reserve is more than likely going to continue its tapering program, driving up interest rates in general which helped the US dollar. When [...]
Ethereum 2.0 also known as Eth2 or “Serenity,” is a collective term for a set of upgrades that are currently underway on the Ethereum blockchain which will help to process more transactions per second, use less energy, and become more secure. These upgrades will help to address scalability challenges, high gas fees (transaction fees), and congestion in Ethereum’s existing PoW blockchain. [...]
USD/CAD hovers around 1.2590 during Friday’s Asian session. The pair has refreshed the multi-day peak on Thursday. Rebound of US dollar and bank holiday in Canada underpinned this move. The strength of the US dollar can be linked to the Fed rate hike chatters and the sluggish prices of Canada’s main export item, WTI crude [...]
