The Federal Reserve raised rates by 25 basis points and hints at six more hikes. Bank of Japan Governor Haruhiko Kuroda sees inflation remaining short of 2% target. Ukrainian President Volodymyr Zelenskyy invoked 9/11 during an urgent appeal to the US Congress. The US dollar trades high against its yen counterpart and reached a [...]
Comments from a senior Chinese official for more stimulus helps the Australian dollar. The recent update of daily virus infections ease in Beijing, favors the AUD. Mixed signals over the Russia-Ukraine peace talks and the Fed's verdict can act as a bearish catalysts for the pair- AUD/USD. Australian dollar trades high against the American [...]
Gold prices dropped due to firmer U.S. Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. Pessimism surrounding China’s coronavirus conditions weighs on the gold prices. Indian gold dealers were forced to offer the steepest discount in six years last week. The yellow metal prices stays pressured on Monday [...]
Fundamental view: Bitcoin traded high and erased some of its previous week’s losses against the greenback during this week. Financial Market was largely impacted with the Russia- Ukraine tension this week. President Joe Biden’s new executive order on cryptocurrency that was announced Wednesday saw Bitcoin’s price increase by 10%, before falling back. The order directed government agencies to coordinate [...]
