Yellow metal is seeing very little action on Monday, as the dollar index and US Treasury yields are consolidating. The dollar index, gold's biggest nemesis, is currently side lined near 90.22, and the 10-year US Treasury yield is hovering near 1.09% for the seventh straight day. Most of the analysts believe that the path of [...]
Fundamental view: Gold markets have gone back and forth during the course of the week, showing signs of volatility. Biden's plan to introduce spending of $1.9 trillion, a figure that amounts to 9.1% of US 2020 GDP, appears to have been priced into gold prices and did not deliver a much-needed boost to the yellow metal. Treasury Secretary Janet Yellen, [...]
Fundamental view: USD/JPY seems to be noisy in the past week. The outlook of the pair was dominated by the general trend lower in the US dollar. The weak dollar remained the default market mode in the past week. The Bank of Japan (BoJ) kept its base rate at -0.1% as universally expected and warned [...]
Fundamental view: The British pound went back and forth during the course of the trading week. President Joe Biden's fresh energy has been inspiring markets – the freshly inaugurated Commander-in-Chief's efforts to pass his $1.9 trillion stimulus bill and call for unity have boosted markets and weighed on the safe-haven dollar. Prime Minister Boris Johnson is focusing on the appalling mortality [...]
