EUR/USD falls following headlines surrounding the Ukraine crisis. More sanctions have been imposed on Russia for its invasion of Ukraine, along with Western leaders extending weaponry aid. Geopolitical tension being the major catalyst, Euroland inflation data and second tier US data are also eyed. Euro plummeted during starting day of the week amid escalating [...]
Fundamental view: Bitcoin traded back and forth against its counterpart US Dollar during the week and ended with a bullish candle. The Russia – Ukraine crisis headlines was the major catayst this week. And Russia's invasion of Ukraine has perhaps dispelled a popular notion about bitcoin. It maybe it's not the gold of the 21st century. [...]
Fundamental view: Gold traded back and forth against the US dollar during the course of the week. The headlines on the Russia – Ukraine crisis made the gold to fluctuate. It reached to its highest level since September 2020 at $1,974 on Thursday, and later it declined below $1,900 in the early American session on [...]
Fundamental view: The Australian dollar advanced against American dollar for a fourth consecutive week, trading at around 0.7220 as the week ended .The risk off market mood amid geopolitical jitters made the commodity-linked currency to shrugge off to 0.7283, its highest since mid-January. The market sentiment fluctuated alongside headlines related to the Ukraine-Russia crisis throughout [...]
