The dovish stance expectation of the Fed has created selling pressure towards the greenback which is favorable for Aussie traders. The US central banks’ policymakers continue to dismiss inflation concerns, suggesting that the Fed could maintain lower rates for longer but investors are wary that a strong pandemic recovery could force the Fed's hand. Vice [...]
Japanese yen is trading high compared to greenback which is due to the favorable data released today. The Industrial output of Japan has extended its gains in April as the manufacturers seem to be benefited from a recovery in appetite for capital goods, specially in key overseas markets. The Official data which was released on [...]
Fundamental view: Bitcoin price seems to be recovering from the losses which was witnessed last week. While institutional investors’ ETF applications are helping bolster the adoption curve and hasten the process, several on-chain metrics combined with the developments surrounding regulating BTC mining in China and Iran has put a hault in the recovery. On the other hand, [...]
