The Bank of Japan (BOJ) on Tuesday told the market it would make unlimited amounts of purchases of 10-year JGBs at 0.25%. Japan's Policymakers stressed the need to keep monetary policy easy despite of rising prices. Japan Prime Minister orders cabinet to compile relief package to combat rising prices. US dollar is trading low [...]
Yellow metal drops amid firmer USD and hopes of progress in peace talks between Russia- Ukraine. Risk averse sentiment amid tensions between the West and Russia and indecision over the Moscow-Kyiw talks favors the greenback. Higher yields and interest rates increase the opportunity cost of holding non-yielding bullion. Gold drops against the US dollar [...]
Fundamental view: Bitcoin traded high against the US dollar during the trading course of the week. News of Russia accepting cryptocurrency in exchange of oil and gas exports favors the Bitcoin. Russia's head of the energy committee has said the country is willing to accept bitcoin in exchange for oil and gas exports from countries [...]
Fundamental view: The yellow metal traded high against the greenback during the trading course of the week. FOMC member’s hawkish stance favored the greenback during the first half of the week, and gold traded within a tight range uring first half of the week. FOMC Chairman Jerome Powell said that there is an obvious need to “move [...]
