Fundamental view: The British pound stayed on front foot against the greenback during the trading course of the week. Hotter UK inflation and dovish Fed were the major catalysts in driving the quote, Russia-Ukraine crisis that dominated all through the week on financial market had less impact the cable. UK annual inflation rate arrived at [...]
Fundamental view: Euro dropped against the US dollar but traded within a tight range during trading course of the week. Ukraine – Russia Saga was dominant factor in the financial market which also weighed on the perceived riskier asset Euro. During this week, Market sentiment was sour with multiple Russia – Ukraine headlines weighing on [...]
Bitcoin dropped and is trading around $40000. Ukraine - Russia crisis, weigh on market sentiment, pressuring the riskier asset- Bitcoin. Lifchitz suggest "looks like a distraction from the real rates/inflation issue.” Bitcoin descended and is trading around $40000 during Friday Asian Trading session. The worsening situation in Ukraine is the major catalyst in prompting [...]
The FOMC minutes failed to underscore the possibility of a 50bps hike at the March meeting, weighs on US Dollar. There are plenty of risk-off Russia - Ukraine headlines which could help the safe haven - USD. The rate hike expectation from BoE and upbeat CPI data favors the sterling. Pound edged higher against [...]
