Fundamental view: Bitcoin fell in the last week but will show a positive trend in the coming week. Bitcoin seems to be getting a lot more attention from institutional investors than the retail sector. The quantitative easing policies being implemented worldwide to contain the impact of the pandemic could be one of the main reasons [...]
Core consumer prices in Tokyo suffered their biggest annual drop in more than eight years, data showed on Friday, an indication the hit to consumption from the corona virus crisis continued to heap deflationary pressure on the economy. The data, which is considered a leading indicator of nationwide price trends, reinforces market expectations that inflation [...]
The US Dollar continues to struggle as downward pressure mounts and pushes the DXY Index to a new monthly low. USD price action weakened against its counterparts like EUR, GBP. This move appear largely driven by a continuation of prevailing trends such as waning demand for safe-haven currencies like the US Dollar. The minutes of [...]
Gold has showed weakened position as the risks remain skewed to the downside heading into the economic data dump slated for release from the US docket. Investors sold-off the safe-haven gold alongside the US dollar amid a risk-on market profile, driven by corona virus vaccine progress, Biden transition and fiscal stimulus hopes. Reduced US pollical [...]
