The People’s Bank of China meet the market expectations to keep the benchmark interest rates unchanged. Ukraine rejection of Russian demand to surrender port city in exchange for safe passage weigh on the market sentiment. RBA's Philip Lowe speech will be the major catalyst in directing the pair, traders will also keep an eye on [...]
Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. Headlines of Russia- Ukraine crisis dominated the financial markets, but it did not show any peace talks progress. However, during the first half, Optimism over a probable truce between the wto helped the Bitcoin. Market sentiment was sour on [...]
Fundamental view: Gold dropped against the greenback during the trading course of the week. The yellow metal started this week under significant bearish pressure with the optimisms of truce between Russia and Ukraine, However the market sentiment became sour on Thursday which helped the gold. Russia and Ukraine both rejected reports claiming that they were [...]
Fundamental view: Australian dollar managed to show a uptrend against the American dollar during the trading course of the week recovering from its previous week loss. The commodity linked currency found support this week with the sentiment seesawing alongside headlines coming from Europe. This week came to end without any progress in the peace talks [...]
