Fundamental view: Despite the positive metrics behind Bitcoin’s run, the flagship cryptocurrency remains extremely volatile. According to Goldman Sachs, Bitcoin needs more institutional money to flow in to mature as an asset and avoid extreme volatility. Jeff Currie, Global Head of Commodities Research at Goldman Sachs says Bitcoin has shown signs of maturity already but funds from [...]
Fundamental view: USD/JPY showed a mixed trend in the past week. Twin specters of unemployment and a consumer recession in the United States were unable to dislodge the dollar from its recent gains. American data in the New Year has detailed the impact of the renewed business closures in California, the largest state economy, and [...]
The US President-elect Joe Biden unveiled a much-anticipated coronavirus rescue plan yesterday, with a promise of $2,000 in stimulus cheques to Americans, social equity, infrastructure spending, and a potential minimum wage of $15 per hour. But, Biden did not give away the total size of the stimulus program, which, according to media reports released early [...]
The yellow metal remains vulnerable to losses, as the US Treasury yields and the dollar continue to cheer the prospects of a bigger-than-expected fiscal stimulus plan, of about $2 trillion, likely to be announced by President-elect Joe Biden on Friday. Political drama continues in white house. President Donald Trump was impeached for the second time [...]
