Cable remains downward pressured amidst disappointing data and Strong USD. Dismal market mood and flight to safe-haven assets weighed on the GBP. Signs of the UK economy is under stress from soaring inflation puts pressure on the GBP. The British pound plummeted against the US dollar during Tuesday trading session due to the fears [...]
Gold hits over 2-week low on aggressive and hawkish Fed approach. US Policymakers dictate that interest rate hike of 50 bps is going to feature in May. China's covid spread and Ukraine crisis hits the investors’ confidence, keeping the bullish sentiment around the US dollar. Gold prices fell against the US dollar during Monday [...]
Fundamental view: Bitcoin fell against the US dollar during this week due to the positive sentiment for the greenback. Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. And the bearish sentiment across the space is among the most prominent in years which is potentially more bearish [...]
Fundamental view: Gold initially traded high but later dropped against its US dollar rival during the trading course of the week. Hawkish comments from the Fed policymakers boosted the USD, weighing on the yellow metal. St. Louis Fed President James Bullard said that the Fed might want to consider 75 basis points rate hikes and [...]
