ECB’s Lagarde down-talked the hawkish tone which was perceived by Market on last Thursday ECB monetary policy pivot. Downbeat German Industrial production also weighed on the Euro. Challenges on the 0.50% Fed rate hike in March and the US- Japan trade deal weighs on the US dollar bulls. Euro seems under pressure against the [...]
Employment data released on Friday which beat the expectation with huge difference favored the US dollar. Brexit issue and the UK politics also weigh on the Cable. Investors now await US inflation data on Thursday. The British pound dropped against the greenback during Monday trading session. The US employment job data released on Friday, [...]
Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. The broad US dollar weakness and the threat of rising inflation are the major catalysts in the bullish move of the quote BTC/USD. US policymaker’s hesitance on rate hike along with weak US ADP data weighed on the US [...]
Fundamental view: The yellow metal rebounded after a sharp fall of the previous week. The broad US dollar weakness and downbeat US ADP report favored the Gold to find strength during the first half of the week later the strong NFP data of US paused the bullish move of the quote XAU/USD. ADP showed a [...]
