Bitcoin dropped and is trading around $40000. Ukraine - Russia crisis, weigh on market sentiment, pressuring the riskier asset- Bitcoin. Lifchitz suggest "looks like a distraction from the real rates/inflation issue.” Bitcoin descended and is trading around $40000 during Friday Asian Trading session. The worsening situation in Ukraine is the major catalyst in prompting [...]
The FOMC minutes failed to underscore the possibility of a 50bps hike at the March meeting, weighs on US Dollar. There are plenty of risk-off Russia - Ukraine headlines which could help the safe haven - USD. The rate hike expectation from BoE and upbeat CPI data favors the sterling. Pound edged higher against [...]
Governor Kuroda warns BOJ may suffer losses suppose if it exits easy policy. US yet to verify pull back of Russian troops, weighs on the market mood. Japanese manufacturer’s business confidence fell to an 11-month low in February. USD/JPY bids above 115.60 level during Wednesday Asian session. BOJ Kuroda's warning and the mounting Russia [...]
The precious metal - Gold climbed to reach a eight month high on Tuesday Asian session. Chatters of arrival of war troops, machines near Ukraine-Russia border creates tension and weighs on the market sentiment. U.S. Federal Reserve officials continued sparring over how aggressively to begin interest rate hikes at their March meeting. The yellow [...]
