Fundamental view: Pound trades stronger against the greenback in the previous week. The Bank of England monetary policy tweak has helped the pound to push up and the concerns about the weakness in the US economy have kept the dollar from rising up. BOE upgraded its economic forecasts as Britain's successful vaccination campaign boosts the economy. Infections continue falling, [...]
Fundamental view: The USD/JPY showed a bearish trend in the previous week. The dollar has eased amid cooling expectations for higher rates in the US, which sent stocks up and US Treasury yields lower. The Bank of Japan published the Minutes of its latest meeting, which brought no surprises. The central bank will maintain its quantitative easing, [...]
Fundamental view: Bitcoin showed a mixed trend in the last week. The most significant development surrounding Bitcoin over the past week was the introduction of Bitcoin, Ether and Cryptocurrency MegaCap indexes by S&P Dow Jones Indices. Bitcoin and Ethereum may be the first cryptocurrencies to get their indexes listed in the traditional form, the firm’s global head of innovation, [...]
Fundamental view: EUR/USD trades around 1.2171 in the end of the week which has recovered all of the previous week´s losses and reached its monthly high at 1.2171. This is all because of the disappointing US employment report which has fueled the dollar’s sell-off at the end of the week, as the numbers confirmed the [...]
