Pound is trading high taking benefit of US dollar weakness. Just like all other major currency pairs, the cable also seem to benefited from the dollar weakness while also taking the advantage of BOE policymakers’ optimism. While doing so, the currency pair ignores recent Brexit-negative headlines as the greenback remains under pressure. European Commission (EU) [...]
Japan has planned to extend virus emergency in Tokyo, 8 other areas beyond may 31st deadline according to the recent news. Japan declared a state of emergency in three more prefectures which were hit hard by the COVID-19 pandemic, Prime Minister Yoshihide Suga's a surprise move that reflects growing concern about the spread of the [...]
Fundamental view: Gold has rallied significantly during the last week and reached towards the $1800 level. Because of the absence of the significant macroeconomic data releases and fundamental developments, the risk-positive market environment posted a barrier for the dollar to find demand at the start of the week. On the next day Tuesday, the benchmark [...]
Fundamental view: Bitcoin fell significantly during the last week . The main reason for the fall is Elon Musk, the CEO of Tesla. Elon Musk’s tweet triggered a crash on May 12. Likewise, on May 16 Musk startled Bitcoin enthusiasts when he replied to a user and created confusion about Tesla having sold its BTC holdings. Although the CEO made a clarification [...]
