Fundamental view: Pound went back and forth against dollar in this week. Prime Minister Boris Johnson made an announcement that the UK would fully reopen on July 19, scrapping hundreds of COVID-19 restrictions. This set of rules and prospects of a return to normal temporarily boosted the pound. Whereas The US Center for Disease Control [...]
Fundamental view: Euro initially fell against greenback but overcame losses and closed the week with a bull candle. The American currency was bid through the first half of the week with the anticipation of the FOMC Meeting Minutes. The US central bank surprised market participants in its June meeting by forwarding changes of rate hikes [...]
Cryptocurrencies traded lower since yesterday as regulatory concerns re-emerged. Bitcoin broke the initial support 34,000 more than the initial support, down 5% in the last 24 hours. Cryptocurrency might stabilize around $30,000, which is the bottom of the one-month trading range. Growing concerns from regulators have weighed on cryptocurrency prices over the past few months. [...]
The coronavirus pandemic has created an economy overheating and rising inflation in the United States. Which suppress the US dollar into bearish trend and the main reason is rising in oil and gasoline prices. Rising oil and gasoline prices pushes the US economy into challenges. West Texas Intermediate, the U.S. oil-price bench mark, hit $76.98 [...]
