Fundamental view: The yellow metal climbed high against the US dollar during the trading course of the week. Market sentiment remained sour for most of the week, which helped the safe-haven flows and it reached to its highest level above $2,070 on Tuesday. However after Thursday’s meeting between the foreign ministers of Russia and Ukraine, [...]
Fundamental view: Australian dollar dropped against the American dollar during the trading course of the week However, the commodity-linked currency AUD managed to reach its 2022 high of 0.7440 against its American rival before dropping. Headlines relating to Russian invasion of Ukraine dominated the where the situation worsened on a daily basis. However Market sentiment [...]
Fundamental view: The yen pair climbed up and reached a high of 2022 - 116.35 which is also a four year top. The Ukraine crisis, US and Japan Bank Meeting are the major catalysts in driving the pair’s move. Market sentiment was down for most of the week but improved at the weekend on Friday [...]
Fundamental view: Pound dropped against the US dollar during the trading course of the week. Risk-off wave dominated the week, as Market flocked towards the safe haven US dollar and gold and dumped the higher-yielding currencies such as the pound. The West continued to pressure Russia by threatening to increase economic warfare. Market stayed under [...]
