BTC/USD Weekly Forecast (28th December 2020 – 01st January 2021)

Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but it made a bounce back at the end of the week. Investors on social media platform declared a "Merry Bitmas. Bitcoin continues to be one of the market's coronavirus winners; with investors optimistic it will continue to [...]

GBP/USD Weekly Forecast (28th December 2020 – 01st January 2021)

Fundamental view: British pound traders have had a wild week initially but later in the week showed a bullish trend against greenback. Meanwhile Brexit is in its final hours of negotiation. Negotiation between the United Kingdom and the European Union is still going as arguing about fish is still on. United Kingdom is locking down its [...]

US dollar weakness favors the Yellow metal

Yellow metal stays positive for the second consecutive day amid US dollar weakness and broad risk-on mood.US President Donald Trump’s obstruction to the bills relating to defense and covid stimulus weigh on the US dollar. Also weighing on the greenback, while favoring the broad risks and commodities, is US Democratic Party’s readiness to inflation the [...]

Obstruction in the US stimulus package weakens Dollar

Japan will ban the entry of non-Japanese people from the United Kingdom from Thursday following the emergence of a highly infectious new coronavirus strain, top government spokesman said on Wednesday. Countries across the globe shut their borders to Britain on Monday due to fears about the new strain. "The government will take border control steps [...]