Fundamental view: In the previous week, Aussie traded high against the greenback. The US Federal Reserve members spent quite a lot of time in clarifying that they would not change the current monetary policy regardless of higher inflation. US Treasury yields fell with such comments, accelerating their slump on Friday, as inflation and rate hikes [...]
Fundamental view: During the initial half of the previous week, the yellow metal had to struggle to rise above $1,800 and it fluctuated in a horizontal channel. As the greenback came under sell trend in the second half of the week, yellow metal gained traction and touched its highest level of 1843 since March. The [...]
The yellow metal prices on Friday has reached near a high of 2-1/2-month and were on track for their best week in five months, which is aided by a weaker dollar and a pullback in Treasury yields as investors cautiously await U.S. non-farm payrolls report which will be released at 12.30 G.M.T later today. Brian [...]
Cable traders are cautious ahead of the Uk events. The elections in the UK, including Scotland, as well as the Bank of England’s (BOE) Quarterly Inflation Report (QIR) could direct the cable further. Britain holds its first local and regional elections since Brexit and the coronavirus pandemic on Thursday, In the recent years the United [...]
