Fundamental view: Gold traded low against the US dollar during the trading course of the week. US NFP report and the Optimism on ceasefire between Russia-Ukraine were the major catalysts which weighed on the yellow metal. Risk on market sentiment dominated the markets amidst renewed optimism for a diplomatic solution to the Russia-Ukraine conflict which [...]
Fundamental view: The Australian dollar traded low against the American dollar during the trading course of the week. The divergence in the monetary policy was the major catalyst behind the move. US March’s Nonfarm Payrolls report came at 431K jobs added, more than the 80K foreseen by economists. Thus market perceived it as a solid [...]
Fundamental view: US dollar edged higher against its yen counterpart during the trading course of the week. The US Bureau of Labor Statistics reported that Nonfarm Payrolls in March rose by 431,000. The reading was far better than the market expectation of 80,000, Moreover, February's print got revised higher to 750,000 from 678,000. The March NFP [...]
Fundamental view: The British pound dropped against the US dollar during the trading course of the week. Monetary policy divergence between the Fed and the BoE weighed heavily on the cable. BOE Governor Andrew Bailey turned down the rate hike expectation of May. On Monday, Bailey said the ‘situation is very volatile’ when asked about [...]
