Hawkish Fed is boosting the US dollar and weighing on gold. Federal reserve Brainard was hawkish on balance sheet reduction, and expect rate hike at aggressive pace. Geopolitics is at the focus after the EU announced new sanctions on Russia and Putin threatened restrictions on agricultural exports. Gold is trading sideways as the US [...]
The AUD jumped to a nine-month high on Tuesday after the RBA signalled higher interest rates were closer. In April policy meeting, Reserve Bank of Australia (RBA) kept its cash rate at 0.1% as widely expected. Lack of progress in the Russia-Ukraine peace negotiations, may cap the gains of Aussie. The Australian dollar jumped to [...]
The rising expectations that the Federal Reserve will deliver bigger rate hikes in the months ahead to tame inflation favors the greenback. Talks on fresh Russia sanctions weighs on the Euro. ECB’s Schnabel comments that Central bank will hike rates but depending on incoming data. The US dollar was strengthened at the start of [...]
Fundamental view: Bitcoin traded down against the US dollar during the first half but later traded up and erased its losses at the second of the week. The US dollar bulls was underpinned by the NFP report. US March’s Nonfarm Payrolls report came at 431K jobs added, more than the 80K foreseen by economists. Thus [...]
