Fundamental view: The AUD/USD pair advanced for a second consecutive week, recovering from the 0.7700 threshold. The main reason was the generalized dollar weakness, amid tepid US employment data spiced with some dovish comments from US Federal Reserve head, Jerome Powell. The Fed president said that there’s a long way ahead to achieve full employment, [...]
Fundamental view: The US dollar has fell against the Japanese yen to break well below the ¥105 level, but then turned around to recapture it. Movement in the pair is tied to improvement in the US economy and Treasury rates. There has also been a minor revival of inflation concerns even though there is no [...]
Bitcoin has gained mass appeal in recent times as the leading digital asset bitcoin (BTC) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) around 48000$. Earlier in the morning bitcoin was saw an 8.98% increase since then. The price of Bitcoin (BTC) is showing [...]
The early-Asian comments from Australia’s Treasury Secretary and upbeat Consumer Inflation Expectations favors the Aussie. Earlier on Thursday, Australia’s Treasury Secretary Kennedy gave comments praising the Pacific major’s pace of economic recovery. He also said, “Looking forward to an increase in business investment this year and next.” Favoring Aussie, Australian Consumer Inflation Expectations for February [...]
