Fundamental view: The US dollar struggled to recover against its rival Euro, however it partially succeeded in earisng some of its losses of previous week.. Post ECB’s announcement favored the Euro this week. Inflation and the Central bank’s reaction towards it, are the major catalysts in the market now. Stronger than expected CPI data favored [...]
Stronger inflation data and hawkish comment from Federal Reserve's James Bullard helps the US dollar to edge higher. Chainalysis says "Ransomware operators are attacking bigger targets and stealing more funds than ever." According to the Fundstrat firm Fsinsight, BTC price could increase to around $200K per unit in 2022. On Friday Asian trading session, [...]
Gold edged higher and touched two weeks high amid broad US dollar weakness. US CPI is expect to rise to the largest since 1982. Comments from White house and Federal Reserve officials propels US CPI chatters. The yellow metal traded high and reached two-week high of $1835 against the greenback during Thursday Asian session. [...]
Yields on Aussie 10 Year jumped high as Market price more aggressive action from RBA. Fall of Australian consumer sentiment in February could restrict the bullish move of the quote - AUD/USD. US CPI data is largely eyed by the traders to get clues on interest rate hikes. Australian dollar trades high against the [...]
