Fundamental view: The British pound rallied against the greenback in this week. The major reason are Brexit calm and clearer Fed path. The soothing news from Brexit has helped send sterling higher. Alongside a moderate tapering path from the Fed, inflation concerns failed to stop cable's climb. UK inflation stands out, as it could determine [...]
Fundamental view: The Euro showed recovery against the greenback after reaching to a fresh low of 1.1523 in 2021. After the last week’s uptrend, American dollar gave up ground although the shared currency was among its weakest rivals. This week, the dollar showed strength on expectations that the US Federal Reserve will start tapering its [...]
Since last year economists have mostly used the alphabets to define economic recovery and we often hear it. Many economic commentators have used alphabets and shapes to abbreviate the possible economic conditions for what might happen after a recession outbreak is controlled. They are great as visual aids, but what is the difference between them? [...]
Gold reversed from the yesterday highs and is trading on sideline trend today amid the economic conditions in U.S. Yesterday Gold reached the peak level since the five months and it’s the best week for Gold. Despite widespread speculation that the U.S. labor market has healed enough for the Fed to begin reducing its monthly [...]
