The AUD/USD is taking a positive moment today as a response of easing in its COVID-19 lockdown restrictions and setting a precedent among other countries. Meanwhile, Australian stocks hit a record high on Tuesday, with mining and energy stocks rising on solid commodity prices, with OZ Minerals topping the gold release forecast on the benchmark. [...]
Gold prices has been reached higher on today supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee's meeting this week. Coronavirus cases continued to rise over the weekend with a number of countries in Asia and Europe battling to control the outbreak [...]
Fundamental view: Bitcoin showed strength against the greenback in this week. In a conference, Elon Musk, Jack Dorsey and Cathie Wood discussed Bitcoin and its future. In the panel that aimed to “demystify and destigmatize” the mainstream narrative of the big crypto, Tesla CEO Elon Musk revealed that it would start accepting BTC payments. The [...]
Fundamental view: The Yellow metal fell against the greenback in this week. Without any high-tier macroeconomic data releases and fundamental developments, risk perception remained the primary market driver earlier in the week. The sharp decline which was seen in Wall Street’s main indexes on Monday and Tuesday allowed the greenback to find demand. In the [...]
