Fundamental view: Bitcoin has rallied against greenback in the past week. Bitcoin price has been supported by corporations’ broadening interest to use it as an investment alternative such as Tesla, Microstrategy, and Square. The endorsement of prominent figures like Paul Tudor Jones, Stanley Druckenmiller, and Howard Marks has sparked institutional demand for BTC. In a [...]
Fundamental view: The US dollar has rallied significantly against the yen during this week. The US House has passed on Wednesday the $1.9 trillion stimulus bill and President Joe Biden signed it on Friday. Meanwhile, the yield on the benchmark 10-year Treasury note stands at 1.49%. Japan published the February Producer Price Index, which rose [...]
USD/JPY stays firm. There revolves a positive sentiment for greenback as traders cheer US President Joe Biden’s passage of $1.9 trillion stimulus. Bulls are chained ahead of the key speech from US President. Recently the $1.9 trillion package has been approved to combat the coronavirus (COVID-19), There are also chatters taking place that US President [...]
The dollar has overcame losses against currencies on Thursday after soft data on U.S. consumer price data. U.S. core consumer prices had risen 1.3% year-on-year in February, a slight slowdown from a 1.4% annual increase in the previous month as per data showed on Wednesday. The dollar and U.S. Treasury yields have rose steadily due [...]
